If you’re looking to be an end-user or host one or many rooms on Sentr3 for the long-term, you can opt-in to join the loyalty game to claim a range of exclusive host subscription discounts and member perks. Please read below to learn more.
WHL/WHLC Two-Token System
The Sentr3 social platform (partnered with the WhaleRoom community) 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 creators and businesses/companies of all types to host communities by flipping the usual model of social networking tech companies.
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 to unlock exclusive host subscription discounts.
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 community 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 who make become users/hosts on the Sentr3 platform can benefit from their own participation and the participation of other hosts/users, in a direct peer-to-peer way.
“SENTR3 (the company) strictly monetizes by selling room hosting subscriptions and white-label services to hosts who spin up rooms on the platform.”
SENTR3 believes that this is the future of online micro communities and that users should benefit from their loyal use of the platforms they use and love through discounts and more. WHL social tokens can be used between members to unlock member benefits on the Sentr3 platform, and they are interoperable with any other chat platform that chooses to make use of Whaleroom’s two-token system, 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 collect more 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 SENTR3 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 Loyalty Game Members (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 loyalty fees, gas fees, etc.). This is how the P2P smart contract knows how many loyalty rewards to redistribute to each loyalty game member.
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 loyalty game platform to get WHLC now: club.whaleroom.org
Once you have your WHLC, join the WhaleRoom on Sentr3 to claim your host discount at any time as long as you can prove ownership of the correct number of WHLC.