World WiFi Review by ICOResume

xkadzuvic (25)in #worldwifi • 7 years ago (edited)

If there is one aspect where blockchain technology is really needed, it is the area of free internet access for all, an open internet system that transcends barrier and geographical plains to bring to the world the greatest innovation yet known to man. The internet is the pinnacle of our daily existence with innovative improvement in smartphone technology and smart contract applications everywhere, the internet is the piece that completes the puzzle. The reason why we need the internet may vary but one thing is certain, it helps facilitate our day-to-day activities.

The Internet

The internet is now viewed as a fundamental civil right of a person. The UNHR council recently adopted a decree that condemns state blocking or restricting persons or group of persons free access to the internet, even with laws in place about 8 billion of the world’s population don’t have access to the internet either do they have the amenities to afford internet compliant devices. Aside from that, one billion of the world’s populations are still living in abject poverty where internet is seen as a luxury because the services are very expensive and meant for the higher class alone. Finally, all is about to change.

The ICO and WeToken

If you have never invested in any ICO yet then the WorldWiFi is the one to invest in now. The ICO is taking place May 18th, 2018. The venture is currently undergoing their pre-sale token which is powered by the ERC20. One WeToken equals 10 ad impressions which go for $0.134. The venture has a total of 258 million tokens that are currently on sale and ends after the initial coin offering on the stated date with all unsold token burnt after the sale.

The pre-sale has already raised $3.951 million as at March 8th, 2018 more than their stipulated soft cap of $3.5 million. The Hard cap is set at $25 million and 33% of its token will be available for sale during the ICO. Investors from Singapore and China are not allowed to participate in the token sale. The token can be bought from their website with the ETH and BTC cryptocurrency accepted as means of purchase. Check www.worldwifi.io for more information on how to purchase the WT tokens.

RoadMap

Below is the graphic representation of the ambitious plan by WorldWiFi to create a global decentralized free wifi system.

WorldWiFi

Finally, a decentralized system backed by blockchain technology is here to offer free and open internet service to everybody, everywhere. This platform is offering Wi-Fi connections through private routers to internet users who by joining this mechanism will be able to share their data with other users and get rewarded in cryptocurrency. The project is an easy one where individuals connect to the internet and invite other users to do same thereby making it a truly global phenomenon. The Wi-Fi is designed for use in the private sector such as homes, schools, public places, hotels and restaurants where the internet is highly needed and always in use.

How it Works

World WI-Fi is eliminating the era of using passwords to have access to the internet. The company has innovative methods that involves a three group concept for the proper functioning of the services while acquiring its token, the WeToken, WT. The WeToken is the catalyst of WorldWiFi and it is based on the ethereum platform and makes use of the smart contract. The three arms of the WorldWiFi blockchain ecosystem is the user (basically the average person, you and I), the router (the person that provides the internet services to the user), and the advertisers.

The User

Since the world wifi network is based on ads impression, users are expected to watch short ads placed by advertising agencies on the router’s link before they gain access to the open internet system. This is not bad considering the fact that you are not paying a dime but just watching an ad that might just be up your alley. The user is able to access this internet for free anywhere they are on the globe with limitations or fear that the network might be bad in certain places. WorldWiFi is currently operating in over 80 countries globally.

The Routers

The routers are the ones that provide the internet access to the user and ensuring that they enjoy the services at no extra cost. The router is also in charge of basic internet parameter such as the browsing speed, the number of ads to be viewed by the user and the number of connections to be disbursed. Every user must watch a promotional ad of WorldWiFi first to gain access online. They are paid based o how many times the promotional ads are viewed.

The Advertisers

They buy promotional ads from the company with the use of the WeToken to advertise their goods and services to a larger audience around the world; a better ways to build customer base.

Scalability

The team argues that they will be no issue with scalability because their system is able to process a huge amount of data swiftly without problems since advertisers are in control of the token sales.

Other Key Benefits of WorldWiFi

This platform will help advertisers to market their product to their audience faster and more affordable while using smart settings to keep tabs on how many ads are being viewed from the various access points. This feature allows them to fully understand how effective their ads are and if it is reaching the desired targeted audience or not, and adjust their smart settings accordingly. The network also gives advert agencies two kinds of payment deals- the CPM and the CPA. This means that advertiser either pay as each ad is viewed or the CPA, where advertisers pay when viewers that watch the ads visit their website by connecting to the wireless network.

Conclusion

With so many negative problems that plague normal wireless network, the team of WorldWiFi will be implementing Graphene that uses a DPoS which is 10 times more efficient than other block propagation technology. The DPoS will prevent data fabrication; verify that routers are duly rewarded for each ad viewed and other necessary information relating to the company, advertising agencies, routers and the users.

These solutions provided will make them a contender in the world of wireless network and communications and the idea of tokenizing the global wireless infrastructure is a promising venture that has the potential of changing the lives of millions of people around the world.