World Wi-Fi Raises $4.7 Million at the pre-Sale
World Wi-Fi — a blockchain company developing a free decentralized worldwide Wi-Fi network — raised $4.7 million a month before the end of its pre-sale that already exceeded its soft cap almost by 25%.
Internet, March 16, 2018
The blockchain project World Wi-Fi successfully reached its soft cap $3.6 million having raised $4.7 million during the course of its pre-sale which started December 1, 2017. The main part of the token sale launches on April 18, 2018. During the main event, which is scheduled to proceed until May 18, World Wi-Fi plans to raise $25 million (the hard cap).
The main stage of the development of this blockchain platform that would integrate home routers and public hotspots around the world into a free network and connect advertisers with their target audiences directly is finished now. The platform is at the stage of alpha testing now. The deployment of the full version of the platform is scheduled for the period between April and June, 2018.
In February 2018, ICORating, an international rating agency for the ICO market, assigned a Stable+ rating to World Wi-Fi. They have also remarked that the idea of the project is interesting and relevant and pointed out the experienced team and the well-developed legal aspects of the platform.
World Wi-Fi is developing an Ethereum-based decentralized platform that would bring free Internet coverage to most residential locations of the world and that would generate passive income for routers’ owners, reduce advertising costs for advertisers, and provide free internet access to users.
The payment instrument of the World Wi-Fi platform will be WeToken (WT), an ERC20 standard-compliant token. Its price will be equivalent to the price of 10 ad views in World Wi-Fi. The emission of WeTokens will be limited. It will be possible to convert the tokens into fiat currencies, sell them at crypto exchanges or pay with them for advertising in the World Wi-Fi network. During the Token Sale, one WeToken will cost $0.1, which is more than three times lower than the market average for 10 ad impressions in Wi-Fi networks.
Behind World Wi-Fi is the team that has previously built Radius Wi-Fi, a service that provides public Wi-Fi network owners with a phone number-based user identification software, and Adrenta, a B2B aggregator of public Wi-Fi hotspots. Last year, the number of Wi-Fi hotspots in 80 cities partnering with these projects grew by 784%.
About World Wi-Fi
World Wi-Fi is a blockchain platform designed to develop a worldwide decentralized free Wi-Fi network focused on integrating residential routers. The participants of the platform will be ordinary users, router owners, and advertisers. Ordinary users will have free internet access; router owners will get compensated by advertisers for the advertising viewed by their users; advertisers will be provided with an efficient tool for ad campaign targeting and analysis. World Wi-Fi is planning to monetize by charging a small ad fee. The rest of ad budgets will be automatically distributed between owners of access points through the use of blockchain. The World Wi-Fi’s headquarters is located in Singapore. To learn more about the vision and the structure of World Wi-Fi, please read the project’s White Paper and visit its website.