Whalemap x Satoshi Club AMA Recap from the 14th of December

Whalemap x Satoshi Club AMA Recap from the 14th of December

Hello, Satoshi clubbers Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from Whalemap and our guest was . The AMA took place on the 14th of December

The AMA session was divided into 3 parts with a total crypto reward pool of $500

In this AMA Recap, we will try to summarise the most interesting points for you.

Part 1 — introduction and questions from the Telegram&WebSite

Mary | Satoshi Club

Hello  Satoshi Club! We are happy to announce our AMA session with Whalemap!  Welcome to Satoshi Club

Mary | Satoshi Club

@ArtyomLazarev

@AndyBohutsky are our guests today

Andy Bohutsky

Hello everyone ! Pleasure to be here with you today

Mary | Satoshi Club

Welcome here! How’s going?

Jonah 🏅🎹 | Satoshi Club

Hello Welcome to Satoshi club

Andy Bohutsky

It’s going great, thank you !

Artem Lazarev

Hi everyone ! Super excited to be here !

Mary | Satoshi Club

Hello, happy to e-meet you

Jonah 🏅🎹 | Satoshi Club

We are glad to have you here as well..

Mary | Satoshi Club

Let’s start our AMA

Mary | Satoshi Club

Guys, could you please introduce yourselves and tell us more about Whalemap

Artem Lazarev

Our names are Artem and Andy. We are a physicist and an architect with extensive experience in blockchain analytics.

Whalemap is an on-chain analytic tool providing users with precise, actionable and timely blockchain data.

Mary | Satoshi Club

It’s really necessary for users to have access to this info! When did you realise that users need this and you can build this project for them? How much time did it take you to go from idea to Whalemap creation?

Andy Bohutsky

We started out in April 2020 after we realised what a powerfull tool on-chain analytics is and can be. The idea came from our personal frustration when trading because we could not find a solution that visualised data in an actionable and accessible way so we decided to build one. This lead us to releasing our MVP in June of 2020 and we just continued building from that point onward.

Mary | Satoshi Club

Yes, personal experience can lead to great ideas

Mary | Satoshi Club

Who are in your team? Is it big?

Artem Lazarev

Whalemap has been blessed with a team of super-strong engineers in fact. They have previously built an order matching engine for a centralized exchange, and have worked extensively with data pipelines which is an ideal match for the technological stack that is needed for blockchain data processing. We currenlty have 10 full-time engineers working at Whalemap but we are always looking for new talent to join us

Mary | Satoshi Club

Wow, a team of talented people can do big things!

Mary | Satoshi Club

What is your main goal you want to reach? Let’s say, you will feel that your mission is almost completed after…

Jonah 🏅🎹 | Satoshi Club

Impressive to know you have Good hands on this

Andy Bohutsky

Mainstream addoption of on-chain analytics.

In the best practices of the crypto community Whalemap’s goal is to make blockchain data as accessible as possible no matter what background you are from

Our goal is to make the most reliable, actionable and comprehensive analytics out there, all while keeping it extremely fast.

Tracking whales, hodlers or how well a particular DeFi token should perform based on its contract’s underlying fundamentals is something that you can do by analysing blockchain data and that is what Whalemap is all about.

Mempool analytics is something that we are working on right now as we see it as an extremely powerfull tool that will bring a lot of engemen to on-chain data.

Mary | Satoshi Club

Thank you for your intro guys! Ready to go to the questions from our community?

Andy Bohutsky

Let’s do it!

Jonah 🏅🎹 | Satoshi Club

Q1 from Telegram user   @thisistoyin

During my research on your project, i found out that Whalemap’s native token, $WMP, will be available for public sale on Solstarter, with a fully diluted market cap of 24 million. Can you please tell us about when the public sale is set to commence? And how much would each $WMP be Valued? & in what Cryptocurrency do you accept payments? And i would also like to know if you’ve set up a Minimum and maximum Buying Systems? What is the Advantages of holding your Native Tokens? Would there be rewards for holding $WMP?

Artem Lazarev

Thank you very much for the question. So the public sale is set to commence on the 20th of December with each $WMP valued at $0.08. The public sale will allow people to swap $SOL for $WMP only. The cap per person was also set to $200 with 1250 spots available.

The design of our tokenomics is largely impacted by the fact that we want to peg the price of our token to the success of the underlying product – Whalemap Pro.

Thus we are introducing a $WMP token (backbone of the Whalemap ecosystem) that users can stake in order to get $xWMP that is a utility token and the only gateway to accessing PRO Whalemap

There will be liquidity mining rewards as well for staking liquidity on Orca after the launch

Mary | Satoshi Club

Where your sale will happen? Can you provide more details about it?

Mary | Satoshi Club

It will be only Solstarter?

Mary | Satoshi Club

Btw, do we need to be Whitelisted for it?

Andy Bohutsky

The sale will take place exclusively on Solstarter, in fact the whitelisting has already started.

Mary | Satoshi Club

Satoshiclubbers, use your chance

Jonah 🏅🎹 | Satoshi Club

Great.. there are still available slots I believe

Mary | Satoshi Club

Thank you for your answers! Ready to move to the next question?

Artem Lazarev

Lets go !

Jonah 🏅🎹 | Satoshi Club

Jonah 🏅🎹 | Satoshi Club

Q2 from Telegram user   @Jmagsss

What’s amazing about Whalemap is its tokenomics, specifically on the the project’s airdrop campaign. Whalemap is planning to conduct a 3-stage airdrop campaign which is has a allotment of 20% of the total token supply. This is a relatively high amount of allocation for an airdrop. Can you please elaborate to us your airdrop campaign structure? Who will be eligible of the 3-stage airdrops? When do you plan to conduct the first drop?

Artem Lazarev

Another great question. The reason why we chose such as huge allocation is because we are a community based project. So far we have grown purely organically and we value our users a lot.

Our airdrop will be exclusive to our loyal users that have joined its journey over the past year and have been using the platform so far.

The stages will be as follows

– First 5% will be airdropped relatively soon when our xWMP economy goes live on Solana allowing users to stake to yield rewards Q1 2021

– The second 5% will be airdropped relatively soon when our PRO Whalemap demo goes live

– And the final stage will be a massive 10% airdrop when our final product goes live

Mary | Satoshi Club

So, are we already late or can still join?

Jonah 🏅🎹 | Satoshi Club

And also can you tell us Who are your exclusive loyal users.. by this I mean what must one have done to be in this category ?

Andy Bohutsky

Deffinately can still join as the cut off date will be a day before the airdrop! More details on how to join the airdrop will go live on our website soon!

Mary | Satoshi Club

Will be the number of users limited or it will be infinite?

Artem Lazarev

Anyone who is registered on our website but those with paid plans will recieve a higher allocation

Andy Bohutsky

As many users as we will have will be eligible. More details will be explained on our website, so keep an eye out on that.

Jonah 🏅🎹 | Satoshi Club

Great. We will be on the lookout for this info

Jonah 🏅🎹 | Satoshi Club

Thank you for your answers

Jonah 🏅🎹 | Satoshi Club

Ready for the Next question?

Andy Bohutsky

Let’s go for it

Jonah 🏅🎹 | Satoshi Club

Great

Jonah 🏅🎹 | Satoshi Club

Q3 from Telegram User @victorogb

I understand that you would incorporate a sort of educational and learning guide as part of your overall service offerings, and this will form an integral part of your training and product educational series for your prospective clients. Understanding the relevance of this service, can you elaborate more on this, how would this be ultimately rolled out, and would this educational series be available to all members for free? Finally, can you let us know your projected targets at offering proper data management and utilisation to a fully decentralized market, how far do you think your tools and technology will help to promote actionable & precise data availability, utility and growth?

Andy Bohutsky

Greate Question!

We at Whalemap believe in democratisation of data and a big part of that is for users to understand how to use it. This is why we decided that the best way to reach mainstream addoption is to provide such educational content for free for everyone forever. This is one of the key elements of our mission!

We already have some beginer courses available at whalemap.io but we will be adding a lot more content over time.

We are also working closely with Influencers to deliver our educational content to a wide audience. For example, we will be going on Pomp’s live show and will continue working with him.

Mary | Satoshi Club

Wow, i see you have access to the best influencers

Mary | Satoshi Club

Btw, do you have any partners?

Jonah 🏅🎹 | Satoshi Club

Giving out such valuable information for Free is commendable

Artem Lazarev

We have partnered with Pomp, Koroush and other influencers who are famous on-chain analytics and trading education providers.

Mary | Satoshi Club

Congratulations

Mary | Satoshi Club

Thank you for your answers! Ready to proceed?

Artem Lazarev

Sure!

Jonah 🏅🎹 | Satoshi Club

Q4 From Telegram User @UniqueVicky

Whalemap will be introducing a new feature called “WHALE SOPR” (spent output Profit Ratio) a means where users can be able to track profits and losses of Bitcoin Whales. Can you explain more about these feature, how can users track their their profits and losses using SOPR? Will there be any requirements to access this feature? It is mentioned that there will be many Versions of the Whale SOPR which include –long term Holder SOPR(or simply HODLER SOPR)

-Short term Holder SOPR

–aSOPR(SOPR ignoring outputs with a life span)

-Entity adjusted SOPR

-Can you explain in details these Versions of the SOPR? How are they calculate or determined? Users will need a guide to use SOPR in order to be able to calculate when they are actually profiting or loosing,is there any provision for a guide?

Artem Lazarev

Indeed!

First of all, there is a nice medium article explaining how SOPR can be used and even how its calculated , so that anyone interested is able to code it up in his free time. Differences between types of SOPR is also described in the article.

https://whale-map.medium.com/whale-sopr-tracking-profits-and-losses-of-bitcoin-whales-84ede7508331

In fact, Whale SOPR is unique to Whalemap, along with a lot of other charts like Large Wallet inflows that track whale accumulation clusters and On-chain Volume Profile, which finds supports and resistances very easily using fundamental blockchain data.

As far as Whale SOPR goes — one of the most alpha signals it provides is when a sell-off should happen. When Whale SOPR on the hourly peaks , our backtests showed that BTC’s price falls 24-48hour after.

Mary | Satoshi Club

How many users are already using Whalemode?

Mary | Satoshi Club

And as i see this mode is still in most alpha, when it will be fully live?

Andy Bohutsky

Around 1% of all of our registered users are on the Whalemode subscription

Mary | Satoshi Club

Very nice

Jonah 🏅🎹 | Satoshi Club

That should be about how many?

Andy Bohutsky

Our tool is already live but we are building the next itteration of Whalemap called Pro Whalemap which will include amazing features like:

Mempool analytics

Address Tagging

Multi-chain support

DeFi Analytics

Dex Integration

Mary | Satoshi Club

Btw, how track HODLers and track Whales features are different?

Andy Bohutsky

Close to 500 people

Andy Bohutsky

HODLers are wallets that have not moved their coins in more than 200 days.

Whales are wallets that have a balance of 10K+ BTC

Mary | Satoshi Club

Gotcha

Mary | Satoshi Club

Thank you for your answers! Ready to jump to the next question?

Andy Bohutsky

Let’s do it!

Jonah 🏅🎹 | Satoshi Club

Q5 From Telegram User @Orlemys

As I understand your purpose is to allow users to track data on various blockchains, including Solana, Ethereum, and Polygon. This is great, but I’d like to know if there are plans of you expanding to other blockchains, especially BSC, but also less known, or less mainstream networks, and their own native platforms and tokens. If so, when is this planned for? Also, can we track ALL data on the platforms you support? Or only select bundles of data? How is it possible to import all of that data? Does it happen in real-time? Can we use your platform for time and data-sensitive activities such as trading?

Artem Lazarev

Analysing blockchains is not an easy task. Even though there is a plethora of data available on them, it is still hard to get value out of it and process it as they were not originilly built for that purpose.

Also, since blockchains have different structures it is also not an easy task to analyse many of them, so we have to use our time efficiently.

BSC is not in our current plans but its structure is quite similar to ETH, which makes it easier to bring BSC analytics to Whalemap.

Platform’s native tokens is also super fun analyse and we will be releasing a demo of that relatively soon with our PRO whalemap demo of DeFi space. We will be going for ERC-20 tokens first and finding out what types of addresses are holding these tokens.

Regarding time sensitivity – that is one of our main focuses with Whalemap PRO. We will be analysing bitcoin mempool in real-time and will be one of the first to do that

Mary | Satoshi Club

Do you see competitors for yourself in the existing market? If so, what are you best at?

Artem Lazarev

We are quite a unique project since we are aiming for the mainstream adoption of on-chain analytics. So far, other on-chain analytics companies are targeting more of a sophisticated user I think.

Nansen would be the closest competitor for our DeFi space

IntoTheBlock will be the closest in terms of making on-chain data accessible and understanble to the general public

And very few are going for mempool analytics of Bitcoin so not much competition in that direction

Mary | Satoshi Club

Blue ocean

Mary | Satoshi Club

Thank you for your answers! Ready for the 6th and last question from this part?

Jonah 🏅🎹 | Satoshi Club

This gives you a great advantage..

Artem Lazarev

Yes! Lets go

Jonah 🏅🎹 | Satoshi Club

Q6 From Telegram User @Cheriemike

Two of your features caught my attention they are the Mempool Data and Address Tagging.So can you first talk on the Mempool Data?What are the functions and benefits of it?And for the Address Tagging,you said it will enable you to identify what entity is making transactions be it whales,exchanges,miners,OTC desk etc.So what tool enables to be able to know or separate good address from bad?And can users also make use of this feature to enable them to identify a scammer address since phishing scam is rampant! If users can also use it,what will they tag?Please explain Thanks

Andy Bohutsky

Great Question!

There is data in the blocks itself, but before blocks are mined on the blockchain transactions that are sent by wallet get into the mempool. They are then picked up by miners, are confirmed and put into a block.

The benefit of analysing mempool data is that you can get access to transactions and analyse them before they get into a block.

Imagine a whale sending 7000 btc to an exchange and being abble to see that transaction in real time. That’s a lot of alpha. Not many services provide access to that data.

Scam addresses and other illicit activity can also be tracked by using machine learning in your address tagging methods, where this is the way we are going to be doing it

Mary | Satoshi Club

Wow, this is really cool!

Mary | Satoshi Club

Thank you! Also, guys, could you share your roadmap with our users, so we will always know what we should expect next from Whalemap and when

Jonah 🏅🎹 | Satoshi Club

This is indeed great

Artem Lazarev

 For sure. Here is a nice one with some designer touches on it :))

Mary | Satoshi Club

Thanks for sharing

Mary | Satoshi Club

And now our first part is almost over but live part in knocking at the door!

Mary | Satoshi Club

Ready for it?

Andy Bohutsky

Can’t wait !

Artem Lazarev

Lets roll!

Mary | Satoshi Club

Let’s go

Part 2 — live questions from the Telegram community

Q1 from Telegram user @Indomiekuy

I know the meaning of “Whale” In cryptocurrency which mean individual that hold large amount of token, but is there any story why choose name “Whalemap” as a project name?

Artem Lazarev

The first chart that we have came up with on our jorney was the whale accumulation cluster chart (“Large wallet inflows”)

The chart shows prices where whale wallet acquired btc that they are currently holding. So in a way, we “map out” whale purchases. Hence the name.

This is the chart that also gave us publicity quite early on on Twitter and is still the most popular chart we have.

Q2 from Telegram user @Zohaya

Will it be necessary to own $WMP in order access Whale Map?

Andy Bohutsky

You will need $WMP in order to stake and get $xWMP that will be used to get access to Pro Whalemap Platform (that includes mempool analytics, DeFi space, address tagging, multi-chain support and DEX Integration).
Regular Whalemap will be accessible through fiat payments but the Pro version is only accessible through xWMP.
Hence by staking $WMP you can essentially farm out a subscirption for Pro Whalemap and get access to leading on-chain data.

Q3 from Telegram user @messilolz

What will be your project priority after sale? Will you do same marketing and work with full dedication like now?

Artem Lazarev

Our biggest priority since the inception of the project is making blockchain data accessible. Doing that through education through key opnioin leaders and continuing our work on improving the product will always be our main focus

Q4 from Telegram user @chinyere2020

I found out that Whalemap provides starter pack courses for interested users. These starter packs courses include; “Blockchain”, “Trading” and “Charts”. Can you give more information about this? Will interested users have to pay for these courses or will users have access to these courses for free?

Artem Lazarev

Our courses have been and will always be free for everyone!

Q5 from Telegram user @JaviSuBs

It has two tokens, the $ WMP and the xWMP token. But how can we get xWMP tokens and what is their role in the Whalemap ecosystem? What is the use of xWMP we can have access to Pro.whale. io, being the holder of the xWMP token?

Andy Bohutsky

The goal behind Whalemap’s tokenomics is making the token’s price reflect how well pro.whalemap is performing (better performance leads to higher token price). Performance of pro.whalemap’s platform is measured in customer acquisition, platform’s usage and in general public’s belief in the platform (ideological performance). If you hold WMP and the platform succeeds — our loyal believers get rewarded.

Overview of mechanics .

There are two tokens — WMP and xWMP.
xWMP is the utility token.
WMP is the governance and a staking token.

To get xWMP you have to stake WMP.
There is a fixed number of xWMP that WMP stakers are rewarded every block.
More WMP you stake, the higher share of xWMP emission you recieve.

You can then spend xWMP you receive in order to get the pro.whalemap subscription. The subscription’s cost is in fixed dollar terms and costs $1499 per month. So to get the subscription you have to pay $1499 in xWMP equivalent. (If xWMP = 1$ , you pay 1499 xWMP. If xWMP = $1499, you pay 1xWMP).

There is also an API product, where each query costs 0.001$ per query where you also pay in xWMP just like above. The xWMP that gets paid by pro.whalemap users is now our xWMP revenue. Stakers of xWMP will be receiving rewards that come from the xWMP revenue with similar mechanics to WMP staking. Part of the revenue is also burned, and a part is reserved for development. That reserve pool is unlocked and vested after the ecosystem fund vesting stops.

Q6 from Telegram user @isabella_blackk

Does Whalemap provide a trial version or a free trial period to its potential customers to try the service they offer? Do you think Whalemap service fees are cheap compared to today’s market conditions?

Andy Bohutsky

whalemap.io already has a free 7 day Whalemode trial and in order to reflect our mission to make data accessible we are cheaper than our competitors.

Q7 from Telegram user @Wong2008

Is there any fees for using Whalemap’s analytic tools?

Artem Lazarev

Currently, we have 3 tiers of subscription for our regular whalemap.io product

Free – which is absolutely free
Standard – where users get access to hodler data
Whalemode – the one with all the whale data

You can only pay with fiat for those subscriptions.

For our next product, PRO whalemap, no fiat payments will be accepeted, but by staking $WMP and earning $xWMP, users will be able to farm out a subscription and get access to all of the data absolutely for free

Q8 from Telegram user @captainprice111

Does Whalemap have the infrastructure to instantly provide the data they need to its users and the technology to provide this data traffic? How fast is Whalemap on data?

Artem Lazarev

This is a good question.

PRO Whalemap is being built by a team of former physicists, designers and data scientist and we work hard to make the platform and its analytics as comprehensible, reliable and accessible as possible while not sacrificing precision and quality of data.

Our state of the art technological stack also allows to analyse blockchains and their transactions in matter of microseconds allowing for truly real-time blockchain data.

Q9 from Telegram user @Marcos2002

May I know about the Supported Networks of the WHALEMAP , Is there any plan to Support MULTI Chain so will you do more BLOCKCHAIN Integration in future ?

Andy Bohutsky:

Yes!
Currently we only provide data for BTC but we will be adding multichain support to our Pro version.

Supported chains apart from Bitcoin will be:
Solana
Ethereum
Polygon
Litecoin

and many more to come as we expand.

Q10 from Telegram user @Orlemys

You mentioned Whalemap PRO a few times. Can you explain what is this PRO part of your platform? Would you please go into detail?

Artem Lazarev

A picture tells a thousand words. Great question! Here is the run down of the features that PRO whalemap will include

Part 3 – Quiz Results

As usual, for the third part, Satoshi Club Team asked the chat 4 questions about the crypto project. A link to a Quiz form was sent into the chat.

For more information and future AMAs, join our Social Media channels:

English Telegram group: https://t.me/Satoshi_club/
Russian Telegram group: https://t.me/satoshi_club_ru/
Spanish Telegram group: https://t.me/satoshi_club_spanish/
Telegram Channel: https://t.me/satoshi_club_channel/
Twitter: https://twitter.com/realsatoshiclub/
Website: https://esatoshi.club/

Our partners:
Telegram –https://t.me/whalemap_chat

Medium- https://whale-map.medium.com/whale-sopr-tracking-profits-and-losses-of-bitcoin-whales-84ede7508331
WebSite – https://whalemap.io/
Twitter-https://twitter.com/whale_map

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