What Is WHEY?

$WHEY is the centerpiece of the Shredded Apes Ecosystem. The main aim of our token is to bring real world utility in terms of health & fitness to the NFT space. We want to make it a standard in purchasing nutrition, activewear, online coaching and much more. Through $WHEY we plan to unite health enthusiasts, not only in SAGC, but in all other NFT communities as well.

Token Supply

  • New $WHEY Contract:
    Ue4yjkPjA4QGis37eWbBsnqfzyK83BtY4AioDETp3Ab
  • Maximum Supply: 100 Million $Whey
  • Distributed: 4M $WHEY
  • Circulating Supply: 2.5M $WHEY
  • Burned Supply: 588K $WHEY
  • Current Liquidity Pool: 6K USD

*For the moment the only way to earn daily $WHEY is by Staking Shredded Apes on our website or by sending them to one of the Bootcamps.

We are currently exploring some move-to-earn concepts to further develop the distribution of $WHEY.

Please note that the above mentioned values are approximates.

Shredded Apes

Shredded Apes have a reward system based on rarity: Legendary or Common
* Common Apes earn 6 $WHEY / day through staking. By sending your Ape on Bootcamp you can increase that number to up to 12 $WHEY / day.

* Legendary Apes earn 18 $WHEY / day through staking. By sending your Ape on Bootcamp you can increase that number to up to 36 $WHEY / day.

Staking and Bootcamp yields are able to increase via the edition of mythical traits applied in the Changing Room. These traits can be won in Adventures, or purchased through the Locker Room Collection.

Diamond Collection

  • Our Diamond collection is an honorary collection made for our top holders. Staking and Bootcamps will also apply to this collection.

  • Diamond Collection Apes will earn 18 $WHEY / day through staking. By sending your Diamond Collection Ape on Bootcamp you can increase that number to up to 36 $WHEY / day. Diamond Collection

What Gives $WHEY Its Value?

With the launch of our Web3 Store, the utility of $WHEY is no longer just digital. A lot of the value for $WHEY comes from its unique real world use-case, never before have you been able to buy physical products of this quality with a coin you earn through staking an NFT.

We feel this is a key component in its longevity as the value will be partially determined by the demand for health & fitness. As we look for further ways to integrate our coin with these types of utilities its case will only grow stronger. As of 3rd quarter 2023, further use cases for the token have been established - including the requirement to participate on the Adventures Platform, as well as entry into the IRL health challenges such as Strong Mind and #Proof of Gym.

Together, and in addition to supplement & merchandise purchases and raffles, these utilities act to capture much of the emissions.
Online sports classes, gym memberships, nutritional advice and more utilities will be able to purchased through $WHEY.

$WHEY - A Deflationary Asset

Currently all our utilities are fully or partially deflationary, even our webshop. Let's dive into it:

Bootcamps: To send your Ape on Bootcamp you'll have to pay 750 $WHEY.
ALL of the Bootcamp earnings will be burned.

Webshop: Have you ever heard of a brand that burns its profits? This might be a first timer.
We are currently burning, or taking out of circulation, 100% of $WHEY profits coming in through our Webshop.

Raffle/Auction: We regularly host raffles within discord using the FLUX suite of tools, and on one of our Brand Parnter’s - Stoned Apes Monet raffle platform. The prizes range from the original SAGC collection , the Diamond Collection 1/1’s - both blank & drawn, SAGC Voucher Collection, and SAGC Locker Room trait layer Collection. You will be able to participate in these events through payment in either $WHEY, $SOL or both. The proceeds in $WHEY will be burned or taken out of circulation.

SAGC Adventures: We regularly provide adventures to send your apes off with the chance of winning prizes. Participation is approximately 150 $WHEY, about 12 days earning for one staked in Bootcamp, plus a small SOL fee. This basically means a holder could earn enough $WHEY to send an ape on an Adventure every 2 weeks. Adventures offer a chance to win NFTs, Vouchers for Merchandise and Supplements, $WHEY, $SOL, and exclusive themed traits which can be applied in the Changing Room.

The Changing Room: The Changing Room is our white labeled FLUX tool that allows holders to customize their apes with new trait layers. Applying a trait costs 1000 $WHEY so it absorbs a lot of the token to build one’s dream ape, but the art is so worth it! For those big spenders who want to REMOVE a layer in order to create something super clean.. Well that’s going to cost a hell of a lot more $WHEY (10x-50x more in fact!).

Staking: For the staking of $WHEY we will be creating both a mixed ($USDC/$WHEY) and a pure $WHEY liquidity pool. The returns will be determined based on time staked: the longer the duration of the staking, the bigger your return will be.

More utilities are currently being developed and will soon be added to this document.

Please note that some of the information in this whitepaper might be subject to change.
SAGC ensures to only make changes if they benefit the longevity of the project.