Dear Whalesburg Community,

Whalesburg has achieved a major milestone and we want to thank everyone for supporting us this far. The successful completion of our token sale marks a turning point for our project so in the last few weeks the executive members of our team have taken the opportunity to reflect on the project and craft a long-term strategy going forward with the aim of developing our project into a sustainable business. Our goal remains capturing the highest possible market share and bringing the greatest possible value to WBT holders while staying true to our mission of offering the best and only all-in-one mining solution in the business.

Here are the key points we’d like to share regarding our latest activities:

Our executives performed a detailed analysis of the market in several sections with a view to solidifying the positioning of the company for the next two years. This analysis included a study of the competitive environment, potential partner relationships, and product marketing.

Based on the above analysis, we identified the main and secondary goals for the year ahead and we’ve set tasks and milestones for their effective achievement. These goals are concerning software development, marketing strategy, sales strategy, and operational activities.

We drew up a detailed budget for the year. This includes a financial model of the company with cash flow, profit and loss, and return on investment for forecasted plans.

We created a new organizational structure which allows for the addition of new staff. This will be critical for the realization of our goals for the coming year. First and foremost, we hired a very experienced COO, Vladimir Gusev. He has already been instrumental in helping develop our strategic plan going forward, and he will be essential for ensuring the plan’s smooth execution. Our next addition was a new CMO who officially joined the team on June 24th (a separate announcement is coming) and who will be focusing on the additional marketing segments that are required for us to reach the new milestones and achieve a sustainable business expediently.

We established relations with local regulators in the countries where we operate and we are working to ensure compliance in the most efficient manner.

We consulted with a Big Four accounting company to complete a number of important tasks in the field of accounting and legal relations.

We completed several important tasks related to information security.

We have started and are continuing negotiations with our partners in mining. This includes the creation of a new combined product that is currently in the process of being carried out (an announcement will also be made about this).

Development

Pool optimization: our developers made significant progress in the past month. Based on our preliminary analysis, Whalesburg currently has the highest average block reward among all existing Ethereum mining pools (!); this was achieved by optimizing the pool’s performance. We’ll be giving more details on that in an upcoming post.

Upcoming release: we have prepared the next maintenance release (version 0.3.2) which is now in the final stages of testing. We will announce complete details of that update in the next few days.

Audit and Tokens

We are pleased to announce that we successfully passed an audit from Aurora Dao and as a result have been listed on IDEX. Meanwhile audits by other exchanges are still ongoing and, as we are in the queue, unfortunately there is nothing we can do to influence this. Therefore WBT tokens will remain locked until those audits are completed. We will announce the unlocking in a separate post as soon as possible.

We know bounty participants have been waiting patiently so we are pleased to inform you that we have finished the calculations for the bounty rewards and will be announcing the distribution shortly.

Also, we are glad to confirm that finally all private sale contributors have successfully completed KYC and so we are starting their token distribution.

As usual, we are happy to keep you as informed as possible about our latest news, development, and overall progress. Stay with us and we will make mining easier, more enjoyable, and more profitable!

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