Alpha Whale company will soon become the first NFT initiative to launch a cryptocurrency hedge fund on its platform. The crypto company will release 5,000 special NFTs shortly. Users are advised to get set to print an Alpha Whale token, keep it in their wallet, and begin to collect earnings.
The explosive rise of NFTs (non-fungible tokens) is a double-edged sword. Although it has increased the wealth of numerous artists and investors, digital assets have also turned into a marketing ploy for those trying to enrich themselves at the detriment of others..
While several NFT artists and developers might not even prioritize community interactions, the team at Alpha Whale Fund has stated their willingness to assist the community by compensating investors, particularly the few who generate digital art.
Also, the team will compensate holders on its platform who offer support and commitment to the company. The firm is different from other projects that show a lack of usefulness and reward mechanisms for their users. This release is also noteworthy since it will become the first digital asset collection to compensate users, giving anybody a chance to benefit passively from their NFT holdings.
Holders To Receive Passive Income On The Alpha Whale Platform
Owners of the Alpha Whale Fund will be able to access the vault accumulation money, where half of the earnings from the sales, minting, and royalties of NFTs will be divided. This privilege gives the fund the upper hand over other NFTs. The fund’s main goal is to provide its members with long-lived, steady riches. For this reason, each user who has the digital asset will get some assets from the vault according to the amount of NFT they have.
When the year ends, the Alpha Whale platform will distribute its half of the vault to NFT holders through Airdrop, with each participant receiving ETH proportional to the number of NFTs they own. If 5,000 NFTs are 50% of what is inside the vault, that means each participant will receive 1 Ethereum for every NFT they have. The Ethereum will be sent as an airdrop.
The First-Ever NFT Hedge Fund For A Community
The team behind the initiative has a successful track record in both crypto and NFTs investment. The team has formed a cryptocurrency hedge fund to devote to the greatest startups in the cryptocurrency field. The group has over a decade of experience trading stocks. The group wants to give to society by sharing their earnings over the years.
With the aid of a voting system, the community members will decide the kind of cryptocurrency projects the funds in the vault will be devoted to. This reward concept and engaging the community members in the usage of funds provide an opportunity for them to receive passive income.