Loyalty Staking Program
If you're looking to stake your WHL to claim a hosting discount, read below to learn more.

WHL/WHLC Two-Token System

The WhaleRoom social platform has been coded to interface with any ERC20 token and also makes use of a two token system for users to participate directly with one another.
Below we explain how room tokens (any ERC-20) differ from the WHLC social tokens (and the related social WHL token).
Although the explanation is somewhat technical, the result of this approach is to create a means of incentivizing people and businesses/companies of all types to host communities by flipping the usual model of social networking tech companies.
We provide the platform (Whaleroom) to most users for free to make it inclusive.
To drive an amazing experience and awesome benefits for Whaleroom members, we have set up a system in which WHL social token holders can stake their tokens with one another via a P2P “staking” system.
This P2P staking system is fully automated, immutable, and operates autonomously via a smart contract hosted on the Ethereum network.
We’re fans of decentralization and have built the Whaleroom ecosystem around this ideal. The staking program is a novel type of user participation that is enshrined in on-chain code that we can’t change. It’s a great way to see who the most dedicated members of the community are, and this is also viewable on-chain.
After the launch of the staking program, it is impossible to change or alter the staking system in any way, and we have set this up so that users can be assured that they’re interacting with other users. We are pioneering a new model in which community members can benefit from their own participation and the participation of others, in a direct peer-to-peer way.
With our unique model, no fees are collected by WhaleRoom to signup to the platform or qualify for enhanced features within the ecosystem.

"WhaleRoom (the company) strictly monetizes by selling hosting and white-label services to Hosts."

WhaleRoom believes that this is the future of online communities and that users should benefit from the popularity of the platforms they use and love.
WHL social tokens can be used between members to unlock member benefits on our platform, and they are interoperable with any other chat platform that makes use of WHL, which anyone can do thanks to the permissionless nature of Ethereum tokens.

Do not even consider playing the loyalty staking game UNLESS you watch this important video.

P2P community loyalty staking program benefits

  • You can earn WHL social tokens by staking to receive a pro-rata portion of the 10% P2P entry and loyalty fees from users entering and leaving the staking system smart contract (i.e. growth or contraction of the loyal members).
  • All WhaleRoom platform feature upgrades that would normally be paid are yours forever. We are big proponents of the value of decentralization and privacy.

Technical Warning for New Stakers (avoid this mistake!)

When you stake your WHL tokens, you are automatically transferred a quantity of WHLC tokens to account for your portion of the P2P loyalty program pool that you have entered. Your staked WHL tokens are converted by the smart contract to WHLC tokens which are then exchanged 1:1 for WHL tokens upon entering the staking program; the system works in the opposite direction for unstaking too (minus entry/exit P2P fees, gas fees, etc.). This is how the P2P smart contract knows how many rewards to redistribute to each staked Ethereum address.
If you are an engineer, you can check out the code here forked from here.

How to claim loyalty rewards (watch this video)

Have you read everything above and are you ready to play the p2p loyalty game?

Visit the community p2p staking game platform to stake now: https:/club.whaleroom.org