WiFi Map, a connectivity services platform with over 3 million monthly active users, has announced the launch of the $WIFI utility token on the TrustSwap Launchpad starting March 30th, 2023, at 5:00 PM UTC.

Introducing WiFi Map

WiFi Map is a leading mobile platform in the emerging DeWi (decentralized wireless) space which promotes crowdsourced connectivity and helps people find internet hotspots nearby.

The app features several useful services, including:

• WiFi Finder – Crowdsourced map showing available hotspots around the world
• Offline Maps – All the info at your fingertips even when data service is down or too expensive
• Global eSIM – When you can’t find WiFi, 4G and 5G backup is always available
• Built-in VPN – An essential service for maintaining security and privacy online
• Speed Test – Make sure your connection will meet your needs

The WiFi Map app has been top-ranked in the travel category in 100 countries since its launch and more than 13 million people have contributed to the growth of the platform by adding hotspots, verifying credentials, and running speed tests.

With a community of 150 million users and a full stack of connectivity and lifestyle services, tokenization and a transition to Web3 is the natural next step for WiFi Map, which already has an operational business model and a decentralized network of active community members.

Expanding to Web3

Driven by the belief that the internet is a fundamental human right, the founders of WiFi Map recently announced an expansion into Web3 and the launch of the $WIFI utility token, which will serve as an internal currency within the WiFi Map app. Through the launch of $WIFI, WiFi Map will close the digital divide and show what a decentralized internet provider can achieve in the age of Web3. 

The $WIFI utility token will enhance the experience for users of the app, boosting engagement and incentivizing activity within the WiFi Map ecosystem.

$WIFI Token Utility

The $WIFI token will have several core utilities within the app, including:

• eSIM Data cashback (15-20% cashback when redeeming $WIFI for eSIM data)
• Participation Incentives (earn tokens for adding hotspots, verifying credentials, and running speed tests)
• Gratuity Tips (when you log into a public hotspot, you can give a tip to the person who added it)
• Hold to Earn (hold $WIFI tokens to earn mobile data which can be used in over 70 countries)
• Access to Partner Services (power banks, ride-sharing, etc.)

The WiFi Map Vision

The $WIFI token will incentivize contributors to add WiFi hotspots and earn rewards which can be redeemed for VPN protection, eSIM packages, promotional discounts, and premium features.

WiFi-First technology will make the eSIM packages competitive by switching to WiFi where available and reducing dependence on cellular networks. Combining this with crowdsourcing and proprietary AI technologies will allow WiFi Map to become a world-leading mobile virtual network operator (MVNO) in the Web3 space. Users will be able to automatically switch between a shared global database of WiFi networks and eSIM data allowing them to save money and stay connected.

Over the next 12 months, WiFi Map will consolidate its position based on a hybrid model of connectivity and lifestyle services. Strategic partnerships with power bank sharing startups Chargefon and Fast Energy were initiated in November 2022, and app users will soon be able to access electric scooters, rideshare companies, and more without ever leaving the app.

This model is proven to be effective, and scaling it will support a positive feedback loop growing the WiFi Map ecosystem into a platform that does the job of all your favorite apps in one place.

WiFi Map vs. The Competition

The DeWi space is hot right now and set to transform both the global telecoms sector and Web3 alike. Other established players such as Helium, Pollen Mobile, and Wayru combine wireless communications and tokenized ecosystems. But WiFi Map has a huge advantage over its competitors as the basic ecosystem infrastructure doesn’t require the installation or management of physical devices. This means that it is far more accessible to users from all market segments and more rapidly scalable.

WiFi Map has plans to install proprietary routers in the future, allowing it to configure its network offering based on demand and availability.

Meet The Team

Roadmap

Partners

Learn More

Follow the links below to find out more about WiFi Map:

• Website
• White Paper
• Twitter
• Discord
• Medium
• Telegram
• Facebook
• LinkedIn
• Instagram
• App download (iOS)
• App download (Android)

Token Offering Details

Tokenomics

Secure Launch Process

To ensure a smooth launch, the WiFi Map team has agreed to:

1) Have their domain fully SSL certified one week prior to the launch date.

2) Have their domain protected by Cloudflare and share the proof with TrustSwap prior to the launch date.

3) Disclose the vesting schedule of all tokens, including team, strategic investors, private presale, influencers, etc.

4) Add no less than $100,000 of liquidity immediately upon DEX listing.

5) Distribute tokens to launchpad participants within one hour of exchange listing.

6) Lock liquidity within 3 hours of listing for no less than 60 days.

7) Provide the timeline for token distributions and distribute tokens within a one-hour window of the agreed-upon time.

8) Lock 75% or more of team & dev fund tokens for a minimum of thirty days on http://team.finance/ within 6 hours of funding DEX liquidity.

9) Have at least one community moderator on each social platform (Twitter, Telegram, etc.) actively available 24 hours a day for the first 7 days following the launch.

Participation and Allocation

Anyone with a Staking Score of at least 4,000 is eligible to apply to participate in the Public Sale round of the $WIFI token offering granted that individuals (and entities) meet jurisdictional restrictions.

To learn more about Staking Scores and the TrustSwap Long-Term Staking Pool (LTSP), read our comprehensive blog post.

Token allocation will be split up among eligible participants proportionately based on their percentage of the total combined Staking Scores of all eligible applicants. For example, if the sum of staking scores for all participants is 1,000,000 and your score is 10,000, your maximum allocation will be 1% of the total available tokens. 

Participants will be asked to pledge the maximum amount they wish to send. Individual allocations will be either the pledged amount or score-based allocation, whichever is lower.

Visit the TrustSwap Dashboard to check your staking score. You can add more SWAP and/or increase the duration of your stakes at any time to increase your Staking Score.

Step-By-Step Guide

1. On March 30th, 2023, at 5:00 pm UTC, the application window will open and remain open for 24 hours. During this time, go to the TrustSwap Launchpad and click on the “Start” button to apply.

NOTE: The SWAP snapshot will be taken at 5 PM UTC on March 31st, 2023 (24 hours after the Launch event begins). 

2. Complete all of the steps required for KYC verification. This can be done in advance at any time for free in just a few minutes. To save time on launch day, complete your KYC registration now.

3. The portal will close after 24 hours. Following its close, there will be a waiting period of up to 48 hours as the WiFi Map team finalizes internal processes.

4. Upon the success of your application, you will receive an email confirming the maximum amount you are allowed to contribute to the token offering. You will have 24 hours to send these funds. After 24 hours, your position will be given to the next in line, and you will lose it. Payments must be sent in USDC or USDT on either Ethereum (ERC20), BSC (BEP20), or Polygon (MATIC) blockchain.

5. DEX listing and TGE are planned for April.

How To Prepare

1. Based on the requirements set for a guaranteed allocation, stake your $SWAP tokens in the Long-Term Staking Portal before the snapshot on 3/31/2023 at 5:00 PM UTC.
2. Take a photo of your government-issued ID card (Passport, Drivers License, or any other form of government-issued ID card that has your photo in it).*
3. Take a selfie of yourself holding the ID card along with a note that reads: “WIFI 2023”.*
4. Make sure to follow the TrustSwap Announcement channel for updates and confirmations.
5. Submit your details and documents at any point during the 24-hour window at https://dashboard.trustswap.org/app/launchpads.

*Note: Steps 2 and 3 are not necessary if you have an active KYC registration. You can save time by pre-registering at https://dashboard.trustswap.org/app/sekuritance. 

Who Can Participate in the $WIFI Token Offering?

Anyone not domiciled in the USA or UN-sanctioned countries can participate in the $WIFI token sale.

Disclaimer: Launchpad dates and details are subject to change. This is not an endorsement, partnership, or offer for investment by TrustSwap. WiFi Map is using the TrustSwap Launchpad as a customer, with specific requests as to how they need their launch to operate. TrustSwap is a provider of non-custodial, smart-contract-based software services. Digital assets carry a high level of risk. Participation is performed at your own risk. Exercise caution and conduct your own due diligence.