Recap of the Wicrypt AMA with Blockchain Space

  • High cost of mobile internet data
  • Unavailability of mobile internet data in urban and remote regions
  • Highly centralized telecommunication market
  • Lack of Innovation and Underutilization of Mobile infrastructure.
  1. Staking: Wicrypt hosts will need to stake Wicrypt Network Tokens (WNT) to become active hosts that can mine WNT when they provide Wi-Fi connection to users. Staking WNT helps to prevent bad actors from joining the network.
  2. Voting rights or Governance : WNT holders will be able to perform governance actions to control different parameters that determine the operational structure of the network.
  3. Airdrop Reward: WNT is used to reward hosts that provide active hotspots with high uptime. Clients get incentivized with WNT when they connect to multiple hosts for a specified period of time and have consumed a certain amount of bandwidth. 20% of overall network tokens have been allocated for mining rewards for hosts while 5% have been allocated to reward clients. Rewards and incentives helps to create a large network effect which leads to fast adoption.
  4. Payment for service or Product/Payment for ads: Businesses are allowed to place ads on the Wicrypt Network. Payment for the ads will be done with WNT.
  5. Gas/Transaction Fees/Discount on Wicrypt fees: Payment for internet connection with WNT gives discounts on fees.
  6. Discount on Payment for Wicrypt Devices: Wicrypt devices can be purchased with WNT at a discounted rate.
  1. The Wicrypt OS can improve browsing speed and reduce bandwidth used in browsing especially in remote areas with poor internet service.
  2. The OS now supports real-time location for each device.
  3. The OS supports customized landing pages and syncs seamlessly with the web dashboard.
  4. The OS supports multiple clients and handles concurrency much better than the previous version.
  5. The OS allows mining of WNT (Wicrypt Network Tokens) to happen seamlessly on the device.
  6. The OS supports VPN capabilities to ensure privacy when surfing the web.

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Blockchainspace

Blockchainspace

Blockchain space gives room for discourse which regards crypto-related topics, projects and cryptocurrencies. https://linktr.ee/blockchain_space