Earn money when you share your hotspot
About the Project
Wicrypt is pioneering a new approach to global internet access by bridging the gap between the traditional ISP market and the decentralized, tokenized world. Rather than competing with the established ISP giants, Wicrypt leverages their existing infrastructure while empowering individuals to act as ISP sub-retailers. This decentralized model not only democratizes internet service provision but also significantly reduces the cost of mobile internet access. The success of Wicrypt’s pilot phase in Africa, where mobile internet costs were reduced by over 60%, showcases the viability and potential of this innovative approach. Wicrypt envisions a future where decentralization is not just a financial model but a superior methodology for organizing technical and organizational infrastructures across B2C industries.
At its core, Wicrypt is a unique decentralized internet sharing, storage, and monetization network. It allows users to control their mobile data, ensuring secure, end-to-end encrypted connections that are ISP and location agnostic. This network enables users to pay based on actual data consumption while providing credits to hosts who share their internet. By fostering a user-to-user relationship, Wicrypt aims to build a global internet access platform where everyone can simultaneously act as both providers and consumers. This approach aligns with the principles of Web3, promoting a decentralized, user-centric internet service model that offers enhanced security, cost-efficiency, and accessibility.
Use Case
One of the primary use cases for Wicrypt is to provide affordable and accessible internet services in regions where traditional ISPs fail to deliver cost-effective solutions. By enabling individuals to become sub-retailers of internet service, Wicrypt empowers local communities to take control of their internet access. This model is particularly beneficial in rural or underserved areas where the cost of setting up traditional ISP infrastructure is prohibitively high. With Wicrypt, residents in these areas can share their internet connections, ensuring widespread access and significantly lowering costs for everyone involved. The decentralized nature of Wicrypt also ensures that these communities are not reliant on a single point of failure, enhancing the reliability and resilience of their internet access.
Another compelling use case for Wicrypt is in the context of secure, encrypted internet sharing for sensitive data transmissions. Businesses and individuals who require high levels of data security can leverage Wicrypt’s decentralized network to ensure that their data remains private and secure. The end-to-end encryption provided by Wicrypt makes it an ideal solution for industries such as finance, healthcare, and legal services, where data integrity and confidentiality are paramount. Additionally, the ability to monetize unused data can provide a passive income stream for users, incentivizing more people to join and expand the network. This creates a virtuous cycle of increasing coverage and improving service quality, making Wicrypt a robust and versatile solution for a wide range of internet access needs.
Tokenomics
Wicrypt's tokenomics are designed to ensure a robust and sustainable ecosystem centered around the $WNT token. $WNT, an EVM-compatible token launched on Polygon, serves as the cornerstone of the Wicrypt ecosystem, facilitating various interactions within the platform. The total supply of $WNT is capped at 200,000,000 tokens, ensuring scarcity and value retention over time. This cap can only be altered by a future DAO decision, emphasizing the decentralized governance model Wicrypt is committed to. The $WNT token is currently tradable on platforms such as Quickswap and MEXC, providing liquidity and accessibility for users and investors. The tokenomics structure supports the platform’s utility and governance functions, ensuring that $WNT holders have a direct influence on the network's development and operations.
The $WNT token economy is carefully planned to include various allocation and distribution strategies to support the network's growth and sustainability. Tokens are allocated for multiple purposes, including incentivizing users, governance, and ensuring network security through a proof-of-stake (PoS) mechanism. This PoS mechanism requires participants to stake $WNT tokens to validate transactions and maintain the network, thus ensuring its security and efficiency. Additionally, the token distribution plan includes vesting schedules to prevent sudden market flooding and ensure a steady release of tokens into circulation. This structured approach to token distribution and the integration of $WNT into all aspects of the Wicrypt platform help create a balanced and incentivized ecosystem that benefits all participants, from users to hosts and developers.