Decentralized Free WI-FI Network
The World Wi-Fi project is a global decentralized free Wi-Fi network based on private routers which are typically residential routers. Every router owner may share their excess Wi-Fi capacity, allow guests to connect and share the capacity and in the process earn cryptocurrency for this shared capacity. In the end, everybody wins: while guest users get free Internet access, those who own routers generate income, and advertisers reach their target audience. World Wi-Fi is a global project built by the community.
MISSION
The Internet is important for a huge variety of
reasons, and it aects and facilitates nearly every
aspect of modern life. A view in society has evolved that Internet access is one of the civil rights of a person. The United Nations Human Rights Council adopted a resolution that condemns any state blocking or restricting access to the Internet for its citizens. At the same time, a greater part of the world population of over 7,6 billion people still have no access to the Internet. In most cases, those who have it must pay for it.
reasons, and it aects and facilitates nearly every
aspect of modern life. A view in society has evolved that Internet access is one of the civil rights of a person. The United Nations Human Rights Council adopted a resolution that condemns any state blocking or restricting access to the Internet for its citizens. At the same time, a greater part of the world population of over 7,6 billion people still have no access to the Internet. In most cases, those who have it must pay for it.
The monthly cost of residential internet with a
connection speed of 10 Mb/s in dierent countries varies from $3.40 to $197.70. An average monthly subscription fee in the world is about $30. If the Internet is considered to meet a basic human need, everyone should have an opportunity for Internet access whether it is paid or for free. According to the United Nations in 2016, there are over 800 million people below the poverty line (under $1.90 per capita a day). This is over 10% of the world population. The wealthiest and the middle class account for 24%. For 76% of the world population the monthly cost of the Internet is a substantial amount. And it goes without saying that almost everyone would welcome some additional sources of revenue.
connection speed of 10 Mb/s in dierent countries varies from $3.40 to $197.70. An average monthly subscription fee in the world is about $30. If the Internet is considered to meet a basic human need, everyone should have an opportunity for Internet access whether it is paid or for free. According to the United Nations in 2016, there are over 800 million people below the poverty line (under $1.90 per capita a day). This is over 10% of the world population. The wealthiest and the middle class account for 24%. For 76% of the world population the monthly cost of the Internet is a substantial amount. And it goes without saying that almost everyone would welcome some additional sources of revenue.
Blockchain
The blockchain is used for storage of any authorized information about any payments and accounts. All transactions are committed in token currency WeToken.
Each participant of the network: an access point, advertiser, network developer, and investor, has its own WeTokens record entry (account).
The blockchain stores all information needed:
• how many WeTokens a participant has got;
• about existing Deals: information about any purposes, statistics, and a reference to any extended data on a Deal in the advertising statistics database;
• about any Access Points: any references to their statistical data and accounts.
The blockchain is the only place within the whole network where WeTokens operations take place. A WeToken smart contract warrants that any payments are to be transferred as soon as a Deal is reached.
The blockchain is the only place within the whole network where WeTokens operations take place. A WeToken smart contract warrants that any payments are to be transferred as soon as a Deal is reached.
WeToken
WeToken is a new cryptotoken. WeToken will be based on the Ethereum platform, because Ethereum allows easy and quick designing and testing of user scripts (Smart contracts) to implement WeToken and Deal logistics described above.
Each network participant has their own unique ID (address), login credentials and wallet to carry out transactions just as in Ethereum.
The majority will be released by the internal service account.
Those that must be protected: e.g. transfer of funds when new Deal is created, are safe and can only be released by the bearer of funds.
The majority will be released by the internal service account.
Those that must be protected: e.g. transfer of funds when new Deal is created, are safe and can only be released by the bearer of funds.
Token Sale
Token: WeToken
Total tokens issued: 600 000 000 WT.
Total tokens available for sale: 258 000 000 WT
Pre-sale: November 28, 2017 — January 23, 2018
Main Sale: January 25, 2018 — February 25, 2018
Pre-Sale 10% of total tokens for sale, or 60 000 000 WT;
Token Sale 33% of total tokens for sale, or 198 000 000 WT.
Bounty 12 000 000 WT (2%) ~1.2mln USD.
Price: 1 WeToken = 0.1 USD.
Total tokens issued: 600 000 000 WT.
Total tokens available for sale: 258 000 000 WT
Pre-sale: November 28, 2017 — January 23, 2018
Main Sale: January 25, 2018 — February 25, 2018
Pre-Sale 10% of total tokens for sale, or 60 000 000 WT;
Token Sale 33% of total tokens for sale, or 198 000 000 WT.
Bounty 12 000 000 WT (2%) ~1.2mln USD.
Price: 1 WeToken = 0.1 USD.
TOKEN PRICE
The token pricing will depend on the World Wi-Fi penetration rate in the advertising market. The higher the penetration of the advertising market is, the higher the token price is. This is due to the fact that the token sale market is growing continuously, and the number of tokens remains fixed. Given the development of the World Wi-Fi project, the advertisers will buy more and more tokens on the market to be able to launch advertising campaigns.
The token pricing will depend on the World Wi-Fi penetration rate in the advertising market. The higher the penetration of the advertising market is, the higher the token price is. This is due to the fact that the token sale market is growing continuously, and the number of tokens remains fixed. Given the development of the World Wi-Fi project, the advertisers will buy more and more tokens on the market to be able to launch advertising campaigns.
TOKEN FREEZE
•7% of all tokens are payable to the pool of Founders, the tokens shall be frozen for 1 year.
•7% of all tokens are payable to the pool of Founders, the tokens shall be frozen for 1 year.
•5% of all tokens shall be reserved for motivation of the project team members, the tokens shall be paid following the implementation of the project.
•40% of all tokens shall be frozen for 1 year and further used for the project development.
Sale of tokens will allow launching the project in new countries and also ensure liquidity for the advertisers. A preliminary estimate shows that the sale of tokens will be distributed over years taking into account the following restrictions:
Sale of tokens will allow launching the project in new countries and also ensure liquidity for the advertisers. A preliminary estimate shows that the sale of tokens will be distributed over years taking into account the following restrictions:
• in the 2nd year, no more than 10% can be sold (40% of tokens frozen for the future development);
• in the 3rd year, no more than 20% can be sold;
• in the 4th year, no more than 30%;
• in the 5th year, the restrictions on the sale of tokens shall be removed.
The tokens sale may be distributed for an extended period depending on the project needs.
The sale volume and terms will depend on the market situation and objectives of the company.
• in the 3rd year, no more than 20% can be sold;
• in the 4th year, no more than 30%;
• in the 5th year, the restrictions on the sale of tokens shall be removed.
The tokens sale may be distributed for an extended period depending on the project needs.
The sale volume and terms will depend on the market situation and objectives of the company.
Road Map
For more information:
Website: https://en.worldwifi.io/
Whitepapper: https://en.worldwifi.io/files/whitepaper/en.pdf
Twitter: https://twitter.com/WorldWifi_ICO
Facebook: https://www.facebook.com/groups/worldwifi.io
Whitepapper: https://en.worldwifi.io/files/whitepaper/en.pdf
Twitter: https://twitter.com/WorldWifi_ICO
Facebook: https://www.facebook.com/groups/worldwifi.io
Username Bitcointalk: Ardibimbim
My Profile: https://bitcointalk.org/index.php?action=profile;u=1446175
ETH : 0xcE84a75540510467B4915692B6ebD1e1b9E3aa93
My Profile: https://bitcointalk.org/index.php?action=profile;u=1446175
ETH : 0xcE84a75540510467B4915692B6ebD1e1b9E3aa93
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