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 is an economic system in which 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. It leverages the power of its native asset, the $WAYRU token, 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 share their WiFi connectivity and 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.
For more information about Wayru, please read the White Paper here.
Supply
A max Supply of 10 Billion $WAYRU will be minted.
Token Allocation
Network Rewards
45%
4,500,000,000
Wayru, Inc.
20%
2,000,000,000
Wayru Foundation
20%
2,000,000,000
Investors
15%
1,500,000,000
Total
100%
10,000,000,000
Pre-Seed Investors & Wayru, Inc. have a 6-month cliff, followed by an 18-month linear vesting schedule.
Seed/Strategic Investors and Wayru Foundation will be fully unlocked at TGE and vested immediately.
Network Rewards Token Allocation
Hotspots
80%
3,600,000,000
Oracles
20%
900,000,000
Total
100%
4,500,000,000
Network Reward tokens have an Emissions Schedule and are distributed on a per-epoch basis. The maximum supply will last 100 years (36,525 days).
*Terms and values are subject to change until investment rounds are finalized and TGE has occurred.
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