WiFi Map, a crowdsourced global map containing WiFi hotspots, is set to launch its native utility token called WIFI on the Polygon network. The token's rollout will reward users for actively participating in the platform by adding new hotspots, verifying information about WiFi networks, and conducting speed tests. WiFi Map has been downloaded over 150 million times, with more than 13 million people contributing to the crowdsourced network. The company's founders, Denis Sklyarov and Igor Goldenberg, have stated that the creation of a utility token presents an incredible opportunity to reward the community that has made it a world-leading app.
.png "How WiFi Map is Revolutionizing Web3 Connectivity with Native Utility Token")
The WIFI token will circulate both inside and outside the ecosystem, allowing contributors to realize the value of the huge network they’ve helped to build and tap into the new functionality that WIFI is bringing. One of the token's core utilities is to reward users who participate actively in the platform, adding new hotspots, verifying information about WiFi networks, and conducting speed tests.
WiFi Map also provides eSIM mobile data, a vital part of its ecosystem, which reduces bandwidth strain and helps bring down costs by enabling cellular providers to 'hop on' to WiFi networks where possible. The team recently announced a price drop, bringing the cost of a 10 GB 30-day eSIM package down from $49.99 to $39.99, and they are currently expanding their eSIM coverage from 70 to over 100 countries.
The WIFI token will interact with eSIM mobile data, making the offer even more tempting when the token goes live. Users will be eligible for a 3-5% cashback reward in WIFI after purchasing an eSIM in the app. Additionally, users who have topped up their in-app WIFI wallet with tokens or earned enough through participation in the ecosystem can redeem them for eSIM packages and receive a 15-20% token cashback immediately.
WiFi Map aims to provide a full stack of connectivity and lifestyle services in the coming months, ensuring people are connected wherever they are, regardless of whether there’s a WiFi hotspot in range. With the WIFI token's launch, users can benefit from the symbiotic relationship between the existing network of millions of free WiFi hotspots and eSIM connectivity. This is expected to accelerate the circulation of the WIFI token and support sustainable growth.
Tokenizing the WiFi Map ecosystem means users don’t need to provide their infrastructure or make any upfront investment to build out the network. The ecosystem could scale more rapidly, with potentially limitless upside. The founders believe in the internet as a fundamental human right, and innovative approaches to wireless connectivity will be required to reach the one-third of the world's population that doesn't have access to a stable and secure internet connection.
With its global crowdsourced network of WiFi hotspots and eSIM mobile data, WiFi Map aims to make the internet accessible to everyone. The WIFI token launch on the Polygon network is expected to create new value and opportunities for the community, reinforcing WiFi Map's position as a world-leading app.
