Whale.io has launched Whale Printer, a staking system for its native $WHALE token. It offers three lock-up periods (90, 180, 365 days) with APYs ranging from 107.8% to 200%. Rewards are paid from a finite pool of 20 billion $WHALE, with early withdrawal not permitted.
The launch of Whale Printer introduces a new utility and potential yield generation mechanism for the $WHALE token, aiming to incentivize holding and participation within the Whale.io ecosystem.
Whale.io has launched Whale Printer, a new on-platform staking system for its native $WHALE token. The system allows users to lock their tokens for fixed periods to earn rewards. Three lock-up periods are available: 90 days offering 107.8% APY with a 1.2x multiplier, 180 days offering 129% APY with a 1.5x multiplier, and 365 days offering 200% APY with a 3x multiplier. The multipliers are set at the time of creating a staking position. All rewards are paid from a dedicated pool of 20 billion $WHALE, which is 20% of the total token supply. This reward pool does not replenish, and the Whale Printer will close permanently once it is exhausted, encouraging early participation. To stake, users must have $WHALE tokens in their Whale.io account balance, and each account can support up to 10 concurrent staking positions. Early withdrawal of staked tokens is not permitted. The $WHALE token is described as the native utility token of the Whale.io crypto casino and sportsbook ecosystem.
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