🪙Token Paper

The Key to Universal Internet Connectivity

Abstract

In the unfolding digital era, a groundbreaking asset emerges, transforming the landscape of internet access. This asset, deeply rooted in blockchain technology, sparks a global democratization movement. Incentivizing participation and shared WiFi connectivity in a decentralized ecosystem is the bedrock of an economic model championing transparency and fairness. It empowers individuals to partake in and reap the benefits of a more interconnected world. This pivotal asset, fueling growth and innovation, tokenizes a modern-era commodity and revolutionizes the game of internet access.

Wayru Token ($WAYRU)

The Wayru Foundation will create a proprietary token called Wayru Token ($WAYRU).

The Wayru Token ($WAYRU) was crafted to ignite active community participation and facilitate seamless transactions within the network. $WAYRU is a key that unlocks all services the Wayru platform offers, serving as the exclusive medium of exchange and interaction.

At its core, $WAYRU embodies Wayru’s mission to build a unified global network. Every interaction fueled by $WAYRU isn’t merely a transaction; it's a stride towards fostering a globally connected society. The token incentivizes community engagement, rewards contributions, and symbolizes a shared endeavor to enhance network capabilities.

Wayru distributes $WAYRU Tokens to Users and Hotspot Operators based on their contributions to the network. The $WAYRU is a utility Token.

It is important to clarify that $WAYRU tokens do not confer governance rights, ownership, or decision-making within the Wayru network, Wayru Inc., The Wayru Foundation, or any of its affiliates.

Internet Sharing Economy

The $WAYRU powers the circular economic incentives of Wayru's Ecosystem.

The sharing economy represents an economic system where assets or services are shared between private individuals, often facilitated through a community-based online platform. In the context of the Wayru Network, the sharing economy model is applied to internet access, making it a communal resource that can be shared and monetized through blockchain technology.

The Wayru Network introduces a pioneering take on the sharing economy, leveraging the power of its native asset to democratize and incentivize internet access. In this ecosystem, the token serves as both a reward and a medium of exchange, fostering a self-sustaining cycle of shared resources.

Hotspot Operators can share their WiFi connectivity and, in return, receive tokens as a reward. These tokens can then be used within the network, for instance, to purchase Data Credits to access the global WiFi network or trade in the broader crypto market. This creates a virtuous cycle, where more sharing leads to more tokens, which can then encourage further sharing and network growth.

The token flow graphic exemplifies this dynamic ecosystem, showcasing how the token functions as the lifeblood of the Wayru Network. It embodies the essence of the sharing economy, showing how collaboration and community participation can create a more equitable and accessible Internet for all.

For more information about Wayru, please read the White Paper here.

Supply

A max Supply of 10 Billion $WAYRU will be minted.

Token Allocation

The following table delineates the token allocation:

Category	Supply	Tokens
Total Supply	100%	10,000,000,000
Pre-mint	50%	5,000,000,000
Network Rewards	50%	5,000,000,000

Pre-mint

Entity	Percentage	Tokens	Reason
Investors	20%	2,000,000,000	Initial Capital
Wayru Foundation	8%	800,000,000	Operations Fund
Team	20%	2,000,000,000	Team & Founders
Advisors	2%	200,000,000	Advisors & Supporters
Total	50%	5,000,000,000

Investors' and Foundation's tokens will be unlocked at TGE.

Team's and Advisors' tokens have a cliff of 6 months, followed by an 18-month linear vesting schedule.

Network Rewards

Entity	Percentage	Tokens	Reason
Hotspots	40%	4,000,000,000	Deploying Hotspots
Oracles	5%	500,000,000	Processing Network txs
Users	3%	300,000,000	Validating & Sharing Networks
Governance	2%	200,000,000	Voting on Improvements
Total	50%	5,000,000,000

Network Reward tokens have an Emissions Schedule and are distributed on a per-epoch basis.

*Terms and values are subject to change until investment rounds are finalized and TGE has occurred.