Wicrypt is a decentralized mobile internet sharing and monetization network. Wicrypt is a virtual Internet Service Provider that gives users the power to control their own mobile internet data. Wicrypt is ISP agnostic and location agnostic. The Wicrypt protocol is a protocol that enables end to end encryption of user data, bills the user for the amount of data consumed and credits the host. The wicrypt protocol also creates a decentralized storage network making use of routers as micronodes. The Wicrypt network is a decentralized network of routers(micro nodes) and connected clients (mobile phones, laptops, PCs, Smart TVs, Smart Watches and IoTs). The routers are powered by the custom Wicrypt firmware. The network is not controlled by any central authority. Any user or host can acquire a supported router (micro node) and install the wicrypt firmware. The user can use this device to create a WiFi zone within the range covered by the device and anyone with a WiFi-enabled device can connect and have access to the internet. The wicrypt firmware extends these routers(micro-nodes) by increasing their storage capacity and hence enabling them to act as storage in the decentralized storage network powered by Filecoin. The Wicrypt network is powered by a native token called Wicrypt Network Token($WNT). The tokens are used to incentivise users(WiFi Hosts) to create and manage WiFi zones that enable people to have access to the internet and also enables IoT devices to connect seamlessly. $WNT is also used to pay fees to WiFi hosts for providing routers(micro-nodes) for storage purposes. $WNT is also used to reward WiFi connected clients for using the WiFi.
Wicrypt is a global decentralized mobile internet sharing and monetization network. Wicrypt has built its own custom hardware device powered by the Wicrypt OS(Operating System). Each device is represented on the blockchain by a unique Wicrypt Outlier NFT. Every wicrypt device rewards the owners with Wicrypt Network Tokens (WNT) as they use and share WiFi with the devices.
$WNT has a fixed supply and the reward for setting up WiFi zones is reduced as more people create WiFi zones on the Wicrypt Network. This gives the initial $WNT holders for value as scarcity of $WNT builds over time. The reward is a function of Wi-Fi zone(router) uptime, amount of bandwidth shared in the Wicrypt network and number of Wi-Fi zones. The reward distribution and scarcity calculation are all handled by a reward smart contract with governable parameters. The Wi-Fi hosts can set up Wi-Fi zones or participate in the decentralized storage network at their preferred times. They are incentivized by the network to stay up through network fees paid by users on the Wicrypt network and $WNT rewards. Wi-Fi hosts stake $WNT to become qualified for the pre-minded $WNT rewards distributed to Wi-Fi hosts when they share Wi-Fi with their routers. To ensure good user experience for connected clients, the Wi-Fi hosts will have to have a minimum amount of router up-time per day. If this minimum threshold is not met, they lose part of their accumulated $WNT rewards.
Wicrypt router is a proprietary hardware design built to solve problems plagued by existing routers such as low storage capacity , low computing resources and short range. Wicrypt routers are also designed to withstand rough handling because the WiFi hosts are able to provide internet on the go. The Wicrypt routers also have a low power and battery powered variation that is able to last for up to 10 hours and charge with Direct Current(DC). This enables WiFi hosts in remote regions of the world to provide last mile internet access with ease. Wicrypt routers are also being laced with solar accessories to enable the routers to last all day by storing solar energy in the batteries during the day and expending the energies at night.
The Wicrypt firmware is a Linux Embedded Distribution Environment based software that powers the operations of the router(micro-node) in the Wicrypt network. The firmware is a highly adaptable software built to run on billions of devices and scale nicely. The firmware enables traffic control, end-to-end encryption of user data, data usage billing and security to prevent unauthorized access to the device.The firmware syncs all information with the Wicrypt network.
Wicrypt Network Token ($WNT)— Utility ::
$WNT is used to reward the hosts that provide active hotspots with high uptime and have shared a specific amount of bandwidth. 20% of overall network tokens will be allocated for the $WNT reward for hosts. Clients get incentivized with $WNT when they connect to multiple hosts for a specified period of time and have consumed a specific amount of bandwidth. 5% of overall network tokens will be allocated for client reward.
I am a huge fan of this $WNT token and I’m eargerly waiting for it’s boom in this bull run….