Whoomi Utility Token (WHOOMI): Overview and Future Outlook
March 8th, 2025

1. What is Whoomi?

Whoomi is the first Web3-based social platform focused on emotions and identity. Unlike traditional social media, which is content-driven, Whoomi enables users to build a network centered around their authentic selves.

Key Features of Whoomi

  • MeMap NFT: Users create and own their profile as an NFT on the blockchain.

  • Emotion Updates: Users can update their emotions daily and earn rewards.

  • Identity Graph: A system of NFT badges representing identity traits such as MBTI, blood type, zodiac sign, and more.

  • SNV (Social Network Value): A system where users set a value for friend requests, adding exclusivity to connections.

  • Web3-Based Rewards: Users earn Whoomi tokens for engaging with the platform.

2. Role of the Whoomi Token (WHOOMI)

The Whoomi token serves as the utility token within the ecosystem, facilitating transactions, rewards, and interactions among users. It plays a crucial role in incentivizing user activity and sustaining the platform's economic model.

📌 Major Uses of the Whoomi Token

Use CaseRequired WHOOMI (Example)

MeMap NFT Creation : 30 WHOOMI -Minting an on-chain profile NFT

Album Photo Upload : 5 WHOOMI -Uploading up to 9 pictures (excluding profile picture)

Emotion Updates : 15 WHOOMI -Users earn rewards for daily emotion updates

Friend Requests (SNV Set Value) : Min. 3 WHOOMI -Users set their SNV value

Best Friend Selection : 100-300 WHOOMI -Up to 5 friends for 100 WHOOMI; additional slots cost 300 WHOOMI each

Identity Badge Purchase : 100 WHOOMI -Buy MBTI, blood type, and other identity badges

Friend Emotion Support (With You) : 5 WHOOMI -RewardEarn rewards for engaging with friends’ emotions

3. Whoomi Economic Model and Sustainability

Whoomi is more than just a utility token—it is a key asset in the Web3 social networking ecosystem.

💡 Key Aspects of Whoomi Tokenomics

  • Initial Minting of 1 Billion WHOOMI: The supply is controlled through various use cases to maintain circulation.

  • Platform-Wide Utility: Users spend Whoomi tokens for profile updates, friend requests, badges, and emotion updates.

  • Reward Pool & Liquidity Management: The reward distribution adjusts based on platform activity.

  • Governance Integration (MMP Staking Rewards): Long-term Whoomi holders will receive MMP rewards, encouraging community participation.

4. Whoomi → MMP Staking Model

To encourage long-term engagement, Whoomi tokens can be staked for MMP (Governance Token) rewards.

🔹 Whoomi Staking → MMP Rewards Model

Staking DurationMMP Reward Rate (Example)

30 Days : 1% MMP Reward

90 Days : 5% MMP Reward

180 Days : 10% MMP Reward

How Whoomi Staking Works:

  • Staking Whoomi tokens earns users MMP rewards.

  • Rewards vary based on staking duration.

  • Whoomi tokens are locked during the staking period.

  • Early unstaking may result in penalties.

🛠 Governance Integration

  • MMP holders can vote on reward policies, SNV structures, and marketplace operations.

  • Governance voting can adjust the Whoomi → MMP conversion ratio over time.

5. Future Outlook of Whoomi Token

Whoomi is not just a reward token; it is designed as a core economic asset in the Web3 social networking space.

🚀 Growth Potential of Whoomi

  • Optimism Network Expansion: Leveraging L2 solutions for faster and cheaper transactions.

  • Liquidity Support: Planned integration with Uniswap, Balancer, and other DEX liquidity pools.

  • Web3 Project Collaborations: Potential partnerships with NFT marketplaces, GameFi, and DAO governance platforms.

Whoomi aims to redefine social networking with a user-centric identity and emotion-driven ecosystem. By integrating staking with MMP governance, Whoomi ensures long-term engagement and community-driven decision-making.

Through liquidity pools, DAO governance, and Optimism network scalability, Whoomi is poised to become a leading project in the SocialFi space.

📢 Join the Whoomi community today! Create your MeMap, engage with emotions, and be part of the Web3 social revolution. 🚀

#whoomi #op #socialfi #optimism #reward

Subscribe to Whoomi_xyz
Receive the latest updates directly to your inbox.
Mint this entry as an NFT to add it to your collection.
Verification
This entry has been permanently stored onchain and signed by its creator.
More from Whoomi_xyz

Skeleton

Skeleton

Skeleton