Wicrypt
WNT
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Wicrypt Info
Wicrypt Team
IndividualsWicrypt Intro
Wicrypt is a decentralized smart Wi-Fi network platform that belongs to the sharing economy and Internet of Things track.
It is to let users earn income and mine Wicrypt Network Tokens (WNT) by sharing their hotspots, while letting other users connect to these hotspots by paying WNT. Wicrypt also provides an explorer mechanism that lets users participate in the network maintenance and governance by staking WNT.
It was founded in 2019 by Nigerian entrepreneur Ugochukwu Aronu, who was inspired by his personal experience in Nigeria, where he often faced unstable and expensive data charges. He came up with the idea of using blockchain technology and cryptocurrency to build a more fair and efficient Wi-Fi sharing network.
Wicrypt has achieved the following important milestones and events:
In 2019, Wicrypt obtained the approval of the Nigerian Communications Commission (NCC), becoming the first legal Wi-Fi sharing platform.
In 2020, Wicrypt conducted pilot tests in two cities in Nigeria, Lagos and Abuja, attracting more than 10,000 users.
In 2021, Wicrypt conducted a token presale on Coinbase Launchpad, raising about $1 million in funding.
In 2021, Wicrypt launched two hardware devices, Spider and Lynx, which allow users to deploy and manage their hotspots more easily
The current status and progress ：
Wicrypt is expanding globally, planning to enter the markets of the United States, Europe and Asia in 2022.
Wicrypt is developing its own blockchain network, to improve security and scalability.
Wicrypt is collaborating with other cryptocurrency projects, to provide more services and features, such as DeFi, NFT and gaming.
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Q&A about Wicrypt Tokenomics
Explore the tokenomics of Wicrypt (WNT) and review the project details below.
What is the allocation for Wicrypt (WNT) ?
According to Wicrypt whitepaper, the allocation for Wicrypt (WNT) is as follows
-30% for mining rewards
-20% for team and advisors
-15% for ecosystem development
-15% for marketing and partnerships
-10% for reserve fund
-5% for legal and compliance
-5% for public sale
The maximum supply of WNT is set as 200,000,000, meaning that unless future DAO decides otherwise, there can never be more tokens in circulation
What is the supply schedule for Wicrypt (WNT)?
The supply schedule for Wicrypt (WNT) is based on the token distribution and the vesting periods of different stakeholders. According to the Wicrypt whitepaper, the max supply of WNT is 200,000,000 coins, of which 26,124,772 are currently in circulation1. The remaining tokens are allocated as follows:
30% for mining rewards, which are distributed monthly at a rate of 2.0834% of the max supply.
20% for team and advisors, which are vested over 24 months with a 12-month cliff and a monthly release of 4.17%.
15% for ecosystem development, which is vested over 18 months with a 6-month cliff and a quarterly release of 14.2%.
15% for marketing and partnerships, which are vested over 18 months with a 6-month cliff and a quarterly release of 14.2%.
10% for reserve funds, which are vested over 36 months with a 12-month cliff and a monthly release of 2.7778%.
5% for legal and compliance, which are vested over 9 months with a 3-month cliff and a monthly release of 11.1%.
5% for public sale, which are released 50% at the time of listing and 50% one month later.
Wicrypt Token Allocation
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Wicrypt is a decentralized smart Wi-Fi network platform that belongs to the sharing economy and Internet of Things track.
It is to let users earn income and mine Wicrypt Network Tokens (WNT) by sharing their hotspots, while letting other users connect to these hotspots by paying WNT. Wicrypt also provides an explorer mechanism that lets users participate in the network maintenance and governance by staking WNT.
It was founded in 2019 by Nigerian entrepreneur Ugochukwu Aronu, who was inspired by his personal experience in Nigeria, where he often faced unstable and expensive data charges. He came up with the idea of using blockchain technology and cryptocurrency to build a more fair and efficient Wi-Fi sharing network.
Wicrypt has achieved the following important milestones and events:
In 2019, Wicrypt obtained the approval of the Nigerian Communications Commission (NCC), becoming the first legal Wi-Fi sharing platform.
In 2020, Wicrypt conducted pilot tests in two cities in Nigeria, Lagos and Abuja, attracting more than 10,000 users.
In 2021, Wicrypt conducted a token presale on Coinbase Launchpad, raising about $1 million in funding.
In 2021, Wicrypt launched two hardware devices, Spider and Lynx, which allow users to deploy and manage their hotspots more easily
The current status and progress ：
Wicrypt is expanding globally, planning to enter the markets of the United States, Europe and Asia in 2022.
Wicrypt is developing its own blockchain network, to improve security and scalability.
Wicrypt is collaborating with other cryptocurrency projects, to provide more services and features, such as DeFi, NFT and gaming.