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“Crypto Needs a Cause”: Oh Whale Co-Founder on Building a Transparent, Impact-Driven Token
In the cryptocurrency space where anonymity often reigns supreme and hype-driven projects are the norm, it is rare to find a team that not only prioritizes transparency but also drives impact. We had the opportunity to sit down with Blue, co-founder of Oh Whale, an Ethereum-based project that has set its sights on making a difference in marine conservation.
The path to becoming a founder was not planned for Blue and his team. In fact, it began as a presale investment gone awry when they lost most of their investment due to the project’s failure. This experience sparked a desire to create something better – a token that embodies transparency, longevity, and tangible impact.
“We didn’t plan to become founders,” Blue explains. “We became founders because we saw a gap: projects that overpromise, underdeliver, and vanish. Oh Whale is our answer to that: something honest, sustainable, and community-first.”
In an industry where anonymity often goes hand-in-hand with crypto projects, the team at Oh Whale has chosen to go against the grain by opting for full KYC verification with SolidProof, while maintaining anonymity.
“We chose to remain publicly anonymous for safety,” Blue emphasizes. “Crypto can be toxic, and we all have families. But we’re fully doxxed [KYC-verified] to a third-party auditor, so authorities can hold us accountable. We believe public exposure isn’t required for trust; transparency and consistent delivery are.”
This philosophy is evident in Oh Whale’s unique approach to fundraising and giving back. The project has set its sights on supporting ocean conservation by allocating 15% of presale proceeds to NGOs and committing 0.5% of every transaction to the same cause.
“We’ve always wanted to build something that does more than pump charts,” Blue stresses. “We’re bridging crypto and conservation, two worlds that rarely talk.”
Oh Whale’s innovative approach doesn’t stop at philanthropy; it also tackles the pressing issue of tokenomics with a focus on longevity. The project boasts a staking model without lock-ups, offering an unprecedented 25% APY.
“That’s not sustainable,” Blue explains the reasoning behind this choice. “Inflated APYs don’t last. We see tokens offering thousands of percent and then crashing. Our 25% APY is real and stable.”
As Oh Whale gears up for its token launch, it has already made significant progress in bridging the gap between cryptocurrency and conservation efforts. The project’s Ocean Conservation Pool (OCP) holds an impressive track record so far.
The OCP accumulates transaction tax in batches to save on gas fees. Once a certain threshold is reached, the funds become visible on their dashboard and the community votes on where to send them. “That level of transparency doesn’t exist in traditional donation models,” Blue highlights.
With several milestones lined up for the near future, Oh Whale has established itself as an innovative force in the crypto space.
Source: coinpedia.org
