Hey guys, today we will talk about World Wi-Fi. This is a decentralized free wi-fi network powered by blockchain. In other words, these guys want to make a free internet connection available everywhere in the world. Sounds really impressive, right? But how they gonna do this? Let’s dig it up.
Their presale ends in a week. Token price is 11 cents. And now you can buy it with 15% bonus! World Wi-Fi has already reached 3.5m soft cap and their hard cap is 25m.
World Wi-Fi founders already have the established businesses Adrenta and Radius Wi-Fi for two years. Their network already includes 80 cities, 100 partners, 100
employees, 14K open networks, and the growth of Wi-Fi access points in 2017 was near 8 times!
That's a very good point because for me it’s important that they raise funds for scaling the real business model, and not just promising something cool but unreal.
Take a look at World Wi-Fi official video:
In few words, here is how it works. The router owner shares free wi-fi. Advertisers pay them for this while the user gets free wi-fi after watching a short ad. Yeah, we all don't like ads but hey, this is why we use Facebook and Twitter for free. You have to pay for something or you have to watch some ads. There's no other way to build a profitable business.
We all know that not every project needs blockchain, and not everything needs to be decentralized. So why does this project need blockchain?
The first reason is that the use of smart contracts eliminates the need for a central brokerage entity while providing an easy-to-use framework with transparent conditions for peer-to-peer interactions between all participants of deals made on the platform. Deal templates are highly customizable, scalable and flexible. Smart contracts warrant that payments are transferred upon completion of a Deal, and all associated data is recorded in the database.
The second reason is that WeToken is a convenient payment instrument with high liquidity (it can be exchanged for fiat or other crypto assets at any time) that facilitates the transactions within the system and makes them cheaper for all parties involved. These advantages would not be possible if the deals involved conventional payment systems and intermediaries - the fees and potential transaction delays would render the whole system unviable.
Three. Database Management. The blockchain enables efficient, secure and reliable storage of all types of information associated with deals, transactions and accounts. Each participant of the network can access all data at any moment, and it's virtually impossible to falsify any information on blockchain due to its decentralized nature. This creates an unprecedented level of transparency which is impossible without the blockchain technology.
Let’s take a look on World Wi-Fi team and social channels. They wrote all important information about their founders, team and advisors. Few days ago I even watched the Q&A session with their founder Ilya Yashin on YouTube - 
I’ve checked this project on ICO rating, and their Investment score is stable+, Hype score is Medium, and Risk score is Low.
I hope this post was useful for you, guys. If so, upvote it and follow me for more ICO reviews! And good luck in your investments!
Site - https://worldwifi.io
Whitepaper - https://s3.eu-west-2.amazonaws.com/world-wifi/whitepaper/whitepaper_en.pdf