Because there is a lot of hype around, I will break down here the #MetaWhale Protocol, the latest project of the genius dev of $PRIA, Dr. Mantis. I will try to make a summary for you and select the most important aspects from the official website.

Bitcoin has the power to attack and drain our current financial system as it faces the stress of high inflation. The problem is that Bitcoin isn’t immune to the problems of hyper-deflation, and as such, implosion is inevitable.

One of the major factors that sparks hyper-deflationary implosion is the fact that these systems tend to concentrate supply in a small percentage of wallets that are also reluctant to move/spend the funds.

In gold, this dynamic would be different because in the implosion stage, you still would retain a physical asset despite the collapse of the financial system (although confiscations have happened).

The solution is a hybrid monetary policy. All MetaWhales start from the assertion that most cryptocurrency tokenomic models are flawed and vulnerable to implosion.

MetaWhales present a self-renewable deflationary system that backs up its own reserves and liquidity as it deflates to a minimum supply, thereby providing a way out with value for market participants.

When MetaWhales deflate to their minimum supply, market participants will be able to redeem their share of the reserve in proportion to the MetaWhale they own, allowing market participants an exit. After the reserves are claimed, the cycle repeats.

MetaWhale Gold employs a self-renewable deflationary monetary policy that’s backed by self-filling reserves of tokenized and redeemable physical gold. Each cycle, the price of MetaWhale is expected to try to accompany the value of tokenized gold bullion locked in its reserves.

Every MetaWhale Gold Buy:
Burns 1.25% of the total transaction value.
Sends 1.25% of the total transaction value to MetaWhale Gold reserves.

Every MetaWhale Gold Sell:
Burns 2.50% of the total transaction value.
Sends 3.75% of the total transaction value MetaWhale Gold reserves.

MetaWhale Bitcoin employs a self-renewable deflationary monetary policy that’s backed by self-filling reserves of tokenized and redeemable Bitcoin.

MetaWhale Bitcoin integrates the category of Burning MetaWhale as it establishes its value from its reserves of tokenized Bitcoin and also burns it in an attempt to accelerate the implosion of Bitcoin.

There are many reasons why someone would want to burn Bitcoin. Some people would like for it to appreciate faster because they themselves hold Bitcoin, while some people would like it to implode faster.

Every MetaWhale BTC Buy:
Burns 1.25% of the total transaction value.
Sends 1.25% of the total transaction value to MetaWhale BTC reserves.

Every MetaWhale BTC Sell:
Burns 2.50% of the total transaction value.
Sends 3.75% of the total transaction value to MetaWhale BTC reserves.

Anyone is able to manage the reserves. This happens by calling deterministic functions on the dashboard so the actions available follow a sequence and cannot be changed. A reward is minted to managers.

MetaWhales won’t implode. Upon reaching the minimum supply, anyone can halt all trading by calling the “Finish” function. This will register the conclusion time and allow 35 days for market participants to redeem MetaWhale reserves with their MetaWhale tokens.

With MetaWhales there are systems in place to prevent a general monopolization of the supply and to keep funds moving, thereby ensuring the deflation takes place without the downsides associated with obsolete deflationary models.

With MetaWhales, as such as with  $PRIA, we know that every wallet represents an active user, otherwise, it would be burned. Though, with MetaWhales there was implemented a much forgiving inactivity burning system, compared to $PRIA.

Within 35 days, if a buy, sell, or transfer isn’t made with over 6% of the total address balance, anyone will be able to call a function that sells 5% of their MetaWhale tokens to wETH and transfer 1% to the caller as a reward.

If a single buy, sell, or transfer isn’t made in 121 days (4 months), anyone can call the inactivity burn function, which will burn 50% of that address balance and transfer the remaining half to the caller, as a reward.

Having MetaWhales on a CEX would defeat the purpose of MetaWhales. However, Dr. Mantis developed a system to allow MetaWhales to be traded on 1 select CEX (wen Binance, ser?). He can allocate an amount of MetaWhale to a CEX, and the CEX reserve address will be whitelisted.

MetaWhale Gold Supply

Starting Supply: 1,000,000 MWG
Minimum Supply: 1 MWG
CEX Allocation: 150,000 MWG (optional)
Mintable Airdrop: 350,000 MWG (maximum possible)

Airdrop allocation for MetaWhale Gold is as follows:
-6% for the Developers (evenly split between the 2 developers)
-4% for the Marketing Team
-5% for PRIA NFT holders (NFT Snapshot: 28th January 2021)
-20% for PRIA holders and liquidity providers (Snapshot: 11th January 2021).

MetaWhale BTC Supply

Starting Supply: 1,000,000 MWBTC
Minimum Supply: 1 MWBTC
CEX Allocation: 150,000 MWG (optional)
Mintable Airdrop: 450,000 MWBTC (maximum possible)

Airdrop allocation for MetaWhale BTC is as follows:
-6% for the Developers (evenly split between the 2 developers)
-4% for the Marketing Team
-5% for PRIA NFT holders
-30% for MetaWhale Gold holders and liquidity providers at the time of the snapshot.

Website: https://metawhale.io/ 

Twitter: https://twitter.com/Meta_Whale  & https://twitter.com/defi_labs_ 

Telegram: https://t.me/metawhale_official & https://t.me/defilabs_community

I hope you will have the patience to read this thread. More about this project you can find on the official channels.

@Meta_Whale @defi_labs_
$MWG $MWBTC $PAXG $BTC $PRIA