INTRODUCTION
Internet was one among the major inventions that mankind have ever achieved. It has revolutionized our day to day life in such a way that even a day without it has become impossible to pass. The world of internet is vast and ever expanding. Ever since it's development in 1990s it has opened to us a magical world of fantasy and reality. Data's shows that over 3.5 Billion users are connected to internet across the world which accounts to nearly 45% of total world population. Developed countries contributes to the highest internet penetration rate with about 80% of citizens actively using it.
In this era of commercialisation and capitalism, internet is nothing different. Billions of revenue is generated yearly with big IT giants holding a major share. With expanding technology and increased speed the internet charges are increasing exponentially and is becoming unaffordable for the middle class peoples. Have you ever thought about getting unlimited access to internet? Yes indeed, it's one of our dream. We all would have enjoyed free WiFi in public places, but the traffic and usage limit would have bothered us. What if we gets access to a global network of high speed internet without usage limit that too free of cost? Yes, that is what the Blockchain project World WiFi is aiming to achieve.
WHAT IS WORLD WIFI?
World WiFi is a Blockchain project that aims to develop a Free Decentralised WiFi network across the globe. It's main goal is to provide free internet across the world free of cost. The project put forward a simple but brilliant idea to provide free internet to the unaffordable ones. World WiFi can be termed as a blockchain network with home routers and public hotspots around the World creating a shortcut between advertisers and their target audience. It not only provides free internet but also rewards the owners being a part of the platform and also solves the problems associated with advertisement industry.
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HOW DOES IT WORKS?
Actually the company itself doesn't allocates any free data to the users but obliges a wide users to act as wireless data providers to their nearby ones. The data providers gets rewarded also, so it's a win win situation for the both. Like Airbnb and Uber, World WiFi aims to become a pioneer in its field with no actual inventory. The ecosystem mainly consists of three stages,
1.) The Router owners
They are the one who has access to internet connection. They signs up on the World WiFi Platform, installs the software which is provided by the platform which creates a local hotspot for their customers acess and seperates it from their personal use. They get rewarded for their data shared and the reward depends upon the number of connected users.
2.) Users
They are the ones who connects to the network created by router owners and gets free access to the internet. The service is free of cost.
3.) Advertisers
They maybe a company or an individual who is in need of an online promotion to promote their product. The advertiser submits their ad and targeted audience along with other required information to the platform. The platform filters the ad for any inappropriate content and gets forwarded to the required router owners. When the users connects to the network the advertisement is shown to them which is the only requirement to get free internet.
All the three parties contribute equally to the platform and are equally rewarded. The advertiser pays a fee to the platform which is allocated to the router owner in a fixed time period. A fee of 5% is charged by the platform for further development of it. The project mainly eyes to get private network owners and users with a target of approximately 20 million hotspots in 3 years.
WE TOKEN & TOKENSALE
WE Tokens are used to fuel up the World WiFi platform. The advertisers and router owners transacts using WE tokens within the platform. WE tokens are ERC223 tokens built on ethereum blockchain with a total fixed supply of 600,000,000.
The Tokensale consists of private and public sale phases. The presale is live and will run until 17/04. The public sale starts on 18/04 and ends on 18/05. A total of 258,000,000 WE tokens is allocated for the tokensale. The price 1 WE is fixed at 0.126$ with bonuses. The softcap / hardcap is $3.5 million / $25 million. All unsold tokens would be burnt.
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