# WLPD Token

WLPD (an ERC20 token) lies at the core of our platform. It will be used to:

* **Build Virtual HQs:** SQUARES can be purchased with WLPD.
* **Investing:** By staking for passive WLPD rewards.
* **Hire:** Companies license 1 or more assessments from our marketplace to evaluate candidates for an open position. Each assessment has a WLPD price per candidate attempt. For e.g. an English teaching position for kids in Spain can have assessments for English, Spanish and K-12 Teaching. Our AI can automatically take assessments of qualified candidates or sent manual invites by the company.
* **Verify PI:** Every experience head in a user's PI needing verification will require WLPD.
* **Sell Assessments:** Experts set their assessment’s WLPD price, with additional tokens being awarded to top experts from our dedicated ecosystem fund.
* **Audit Assessments:** Those staking WLPD for the audit pool get to evaluate assessments in their domain and WLPD is awarded for every audit.
* **Play To Earn:** WLPD is charged as an entry fee for paid competitions with lucrative rewards. The platform fee is the same as that for assessments.
* **Mentor Competitions:** WLPD is negotiated based on the expert and his/her involvement.
* **Govern:** Users staking WLPD get voting rights in our DAO, which will make all decisions regarding the platform.

Proceeds generated by the sale of WLPD tokens will go into the Whalepod Treasury, which will fund the operational expenses.

![](https://49107045-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FWibGdLhFpniorgVO7Zvs%2Fuploads%2FhFFOadjzkvLQuwjjT0qW%2FWLPD%20utility.png?alt=media\&token=c44fb9bb-b9a6-4289-be0b-907ab6018039)
