What is Token-Gating?
by Kamil S
Token-gating is the future we can’t escape in the constantly evolving crypto space.
A token represents a tradeable asset or utility that oken holders can use for investment and economic purposes. Token-gated access allows a tokenized group to control access to a community or content by requiring a specific token amount.
Let’s explore this crypto phenomenon and why it is so important.
Token-Gating in a Nutshell
We can’t possibly elaborate on the subject without knowing the basics.
Token-gating allows an entity to grant access to a community or content exclusively to token holders. Let’s say that token-gating works in the way a bodyguard does, making sure communities and content get where they need safely, and in a timely manner.
What is this content that needs “protection”? In fact, anything from exclusive content and private Discord chats to virtual events.
Equally important, token-gating allows communities to benefit from controlling who has access to their content.
How Does it Work?
In the blockchain world – and token-gating is no exception – forget about using your username or email. Your digital wallet is your new login and password.
To gain access to exclusive content or a specific community, you need to have a certain amount of tokens in your digital wallet – as set by the community or content creator.
Put differently, token-gating is an ecosystem of its own. It may sound complicated – everything new always does at first – but the system has been created to take ownership and governance to the next level. Namely, token-gating drives both, engaging followers like never before and making sure token holders have control over the project governance.
We can’t stress enough the importance and efficiency of token-gated access. Think about it – anyone can become part of something bigger, having a real stake in something a person is passionate about, no matter the economic status, location, vocation, and other factors.
Benefits of Token-Gating
So, what are the advantages of token-gated access?
First off, token-gated access is about better security. Here’s why: data stored via token-gating can only be accessed once a user has fully proven their identity.
As a result, token-gating is a perfect gateway to creating multi-level verification systems.
What’s more, token-gating is a cost-effective solution. Why? It has low overhead costs.
Last but not least, it’s just easy to use. Users can access content on the go as they have their verified credentials linked to the token-gated site or application.
WhaleRoom is Changing the Game of Token-Gating
Token-gating is on the rise, there is no doubt about it. Sadly, finding a reliable platform that enables smart token-gated access can be difficult as the web is overflowing with confusing and untested information about the subject.
The reason? The process of implementing social utility tokens can be challenging. The technology changing the way people connect with each other around shared interests is still developing.
WhaleRoom is the platform needed for organizations, brands, and celebrities to be able to interact with their community in a curated environment.
Sounds inviting, but what makes WhaleRoom different?
In a virtual world with limited opportunities for a group or individuals to have direct contact with their followers, WhaleRoom offers each community a dedicated token-gated chat room on the platform. That said, only community token holders will have access to it.
Surely, WhaleRoom’s user interface and experience can’t be left unmentioned as they are built to fully optimize the community experience.
In the long-term, WhaleRoom is looking to drive collaboration between different brands and their followers by creating a relevant environment.
WhaleRoom Token is Available on Coinmetro
Have you heard? The WHL community token is now available on our main exchange, which made Coinmetro the first ever centralized exchange to enable WhaleRoom crypto trading and offer the world’s first USD/EUR pairings for WHL!
Currently, we are offering limit orders only. Stay tuned for more information.
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