WiFi Map, a leading internet connectivity tool with over 150 million users, is launching the$WIFI utility tokenon March 30, 2023 in partnership with digital asset market maker DWF Labs.
WiFi Map is a global decentralized connectivity tool with over 4.5 billion free WiFi hotspots, added by its community. The company is set to launch its $WIFI utility token on March 30 in partnership with the DWF Labs digital asset market maker, marking a landmark event in the emerging DeWi (decentralized wireless) space.
Several use cases will be activated on day one, with the $WIFI token set to be issued as a reward for contributions to the global hotspot database under a participate-to-earn model. The token can then be redeemed for eSIM mobile data, VPN protection and other services at a discount compared with fiat purchases. Discounts will also be offered on a growing range of partner services such as mobile device power banks, while a megabyte farming feature will award eSIM data to users who hold $WIFI in the proprietary in-app wallet.
Partnering with DWF Labs gives WiFi Map access to a broad range of services to ensure that the token launch is a success and ignite the transition to Web3, including consulting, cybersecurity, treasury management, liquidity and smart contract auditing.