The internet has gradually evolved to become an integral part of the modern life. However, not all can stake claim to its complete access. Most people still have no internet access especially in developing countries and those who do, have pay for it. An estimated cost of internet with a connection speed of 10MB/s ranges from $3 to $197, with a monthly subscription of about $30. Now, according to the UN, there are over 800million people worldwide living below the poverty line (below $1.90 per capita), and another 7.6 billion without internet access. This is the gap that World WI-Fi seeks to fill.
The World Wi-Fi project is a universal decentralized free Wi-Fi network established on personal residential routers. Router owners share their surplus internet capacity with guest users at a fee payable in Cryptocurrency. World Wi-Fi project focuses its operation on communal contribution.
The Blockchain Contribution to World WI-Fi project
A decentralized network of Advertisers, Router Owners and Guest Users operating in the World Wi-Fi system form the chain. Blockchain technology is used to track and protect these transactions making the process fast, efficient and cheap. The project operates on a Delegated Proof of Stake (DPOS) accord system; stating that the difficulty of producing a block should be relative to the stake in the network. None competitive representatives are chosen by the stake holders to run the platform.
DPOS systems are designed to handle high transaction volume which perfectly suits the project as numerous advertisement views and user connections takes place concurrently. All transactions are stored in the blockchain and are regularly updated. Once stored, the data cannot be lost or tampered with. All information on transactions and advertisements are readily available to everyone. This promotes transparency and confidence within the network. Each transaction is made with a contract with blockchain acting as a pivotal link for the entire system.
How World WI-Fi Operates
World WI-Fi has three key links to the chain:
- Router Owners - Provides access to open secure networks through Wi-Fi guest access points. They are also the stake holders in the blockchain.
- Advertisers - Broadcasts advertisements to target audience at a fee paid to the router owner.
- Guest users - connect to open network access points, views advertisements to get free internet connection.
When linked to the system, the router designs and avails to the guest user a network different from the in-home network, restricting accessibility to the main network.
The router owner creates specifications suitable for a public network such as connection speed, number of advertisements and number of connections to the network
The user views advertisements in exchange for free internet access.
The router owner’s earnings therefore depend on the number of advertisement viewed.
The World Wi-Fi project development is focused on free community participation and provides a chance to make money in proportion to the project’s growth.
Through its referral program, World Wi-Fi grants opportunities for active users to earn more on setting up a worldwide network by engaging router and making referrals. How does referral program work? For one to access the network, an invite is needed. An invite is a link attached to the user’s wallet in the system; wallet refers to a digital storage unit where the user’s earnings are safely kept, in form of Cryptocurrency.
Now, the users are entitled to commissions’ payable by the router owner on advertisement views linked. The router owner’s main concern therefore is the network’s capability to handle growing amount of users as referrals boost the network traffic. The more referrals a user makes the more commission on viewed advertisement he earns. Anyone can receive an invite to the platform at the World Wi-Fi website
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World WI-Fi ICO
WeToken (WT) is the accepted in-house currency in the Word WI-Fi platform. Retailing at $0.01 per WT, a token buys ten advertising impressions. The number tokens generated is limited to 600million WT. during pre-sale and token sale, 258million WT will be available for purchase, unsold tokens will be burned thereafter. To motivate owners, advertisers and users, World WI-Fi will offer bonuses on presale.
The token pricing in future will depend on the World WI-Fi performance in the advertising market. The higher the token demand, the higher the prices will go. This is due to the fact that there will be an increase in token sales while the numbers of tokens produce remain fixed.
Token Freeze
- 7% of all tokens generated are to be allocated to the founders, though shall be frozen for 1 year.
- 15% of the total is to be reserved for team motivation and shall be paid upon project implementation.
- 40% of all tokens shall be frozen for 1 year and later used for further project development.
The token sales may be evenly spread for an extended period depending on the project needs.
Meet the Team
Challenges World WI-Fi Seeks to Solve
High Internet Cost
An internet service provider aims to maximize profitability as it is business like. The high costs involved are however pushing most users out as they cannot afford the asking prices. World WI-Fi project seeks to avail free internet access globally through residential broadband.
Inadequate Financial Resources
Most people are willing to grab an opportunity to make an extra dollar. World WI-Fi project offers an opportunity to earn Cryptocurrency by sharing Wi-Fi and displaying advertisements on the router access points set by router owners. Commissions are also earned by building referral directed to network.
Advertisers’ inability to Accurately Track their Advertisements
It’s difficult to obtain data on whom, how, when and the frequency at advertisement was displayed. World WI-Fi project avails accurate data on the advertisement campaign and progress making it easy to make follow us and adjustments.
The fact that internet access is gradually evolving into a human civil right speaks volumes about its importance. World WI-Fi will not build actual hotspots, instead, router owners will be given a chance to act as service providers and get compensated for their trouble, an advertising platform created for advertisers and users get free internet connection. Developing countries will be the biggest beneficiary of this project if fully implemented.
Website: https://en.worldwifi.io/
Whitepapper: https://en.worldwifi.io/files/whitepaper/en.pdf
Facebook: https://www.facebook.com/groups/worldwifi.io
Twitter: https://twitter.com/WorldWifi_ICO
About me: blackfyre
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1332638
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