Everything you need to know about Open Whale
Getting started on Open Whale is free and takes seconds:
Open Whale has two tokens that coexist permanently:
Each market is denominated in one token. You'll see which token a market uses on its card (e.g., "Volume: 1,234 OWAI"). You must use the matching token to trade on that market.
Open Whale supports two sign-in methods:
An account is required for trading, daily claims, portfolio tracking, and the leaderboard. Connecting a wallet without signing in only lets you claim the one-time airdrop.
You can move tOWAI between your Phantom wallet and the Open Whale platform:
Both operations require a small amount of SOL in your wallet to cover Solana network fees (typically less than 0.01 SOL).
The faucet lets you claim free tOWAI tokens once per day. The daily reset happens at 00:00 UTC (midnight UTC).
Visit the Claim page to collect your daily tokens.
Claiming on consecutive days builds a streak that increases your daily reward:
| Streak | Multiplier | Reward |
|---|---|---|
| Days 1-2 | 1x | 100 tOWAI |
| Days 3-4 | 1.25x | 125 tOWAI |
| Days 5-6 | 1.5x | 150 tOWAI |
| Day 7+ | 2x | 200 tOWAI |
The maximum multiplier is 2x, which you maintain as long as you keep claiming daily.
If you don't claim before 00:00 UTC, your streak resets to 0 and you lose your multiplier bonus. The next time you claim, you'll start fresh at Day 1 with the base 1x multiplier.
There's no way to "catch up" on missed days - each day's allocation is forfeit if not claimed before the daily reset.
The daily reset happens at 00:00 UTC every day. This is the same time worldwide, regardless of your local timezone.
For reference: UTC is the same as GMT. In the US, that's 7:00 PM EST / 4:00 PM PST (or 8:00 PM EDT / 5:00 PM PDT during daylight saving time).
Prediction markets let you buy shares in outcomes you believe will happen. Each market has YES and NO shares, priced between $0 and $1 based on the crowd's collective belief in the probability.
Some markets have more than two outcomes (e.g., "Who will win the championship?"). In multi-outcome markets, you buy shares in the specific outcome you believe in.
Open Whale uses the Logarithmic Market Scoring Rule (LMSR) for automated market making. This mathematical formula ensures:
Every action on Open Whale earns you XP (experience points), which determines your rank. Here's how you earn XP:
| Rank | XP Required |
|---|---|
| Bronze | 0 |
| Silver | 500 |
| Gold | 2,000 |
| Platinum | 5,000 |
| Diamond | 15,000 |
| Whale | 50,000 |
Achievements are badges you unlock by reaching milestones on the platform. There are 20 badges across 5 categories:
Each badge has a rarity tier (common, rare, epic, or legendary). You can feature up to 3 badges on your profile for other users to see.
Every day you get 3 missions — one easy, one medium, and one hard. Complete them to earn XP and tOWAI rewards.
Check your missions on the Claim page or your Profile.
The Portfolio page shows all your prediction market positions in one place:
The Leaderboard has three tabs so you can compete in different ways:
Your rank badge is displayed next to your name on the leaderboard. Make accurate predictions, complete missions, and maintain your streak to climb the rankings!