$Wherls Algorithm
Last updated
Last updated
The $WHERLS token is governed by a smart contract-based algorithm that automates its core functions, ensuring decentralization, transparency, and efficiency. The algorithm is designed to optimize four primary operations within the ecosystem:
π 1. Dynamic Token Flow
The $WHERLS algorithm tracks and manages token circulation across various modules:
NFT marketplace transactions
User-to-user transfers
Staking rewards and lock/unlock mechanisms
Affiliate program payouts
Tokens move based on smart contract triggers, reducing manual intervention and minimizing error or fraud.
π― 2. Reward Calculation
The algorithm distributes staking and masternode rewards based on:
Amount staked or locked
Duration of staking
Node performance metrics (uptime, validation accuracy)
Token velocity within the userβs wallet
This ensures fair and performance-based earning for users who contribute to network stability.
βοΈ 3. Anti-Inflation Controls
To maintain token value and scarcity:
A portion of transaction fees are burned automatically
A deflationary reward schedule reduces emissions over time
Liquidity control mechanisms are implemented during high volatility
This algorithmic approach aims to prevent over-supply and price dilution.
π 4. Governance Hooks (Future DAO Integration)
The protocol is designed to support future upgrades to on-chain voting. Governance-related algorithm hooks allow:
Snapshot of wallet balances
Vote weighting based on holding time
Execution of community-approved changes via multi-sig
Together, these mechanisms form the backbone of the Wherls ecosystem β providing a self-sustaining, algorithmically governed network where users benefit from transparent participation and predictable outcomes.