TechFlow reports that the over-the-counter trading protocol Whales Market has launched Whales Market DAO and adjusted its tokenomics.
The team has converted 10% of the token allocation (equivalent to 950,000 WHALES tokens) into xWHALES, granting core contributors governance rights to participate in long-term development proposals and decision-making for Whales Market.
Any future decisions regarding the removal of xWHALES staking will be communicated transparently, ensuring the community is fully informed and involved in key decisions. The DAO will redistribute rewards to members who actively participate in governance.
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