Wicrypt is a decentralised hotspot sharing and token mining network that enables users to earn WNT cryptocurrency by sharing their WiFi connection through Wicrypt routers or mobile devices. The platform aims to democratise internet access by allowing individuals to share their internet data at prices they set and receive rewards.
Wicrypt operates by using advanced routers that are ISP and location agnostic, enabling them to receive internet anywhere globally. Users can share their WiFi hotspots with others, earning tokens in return. The platform leverages blockchain technology for a secure and transparent environment, utilising a Proof of Stake (PoS) consensus mechanism where hosts stake WNT tokens to join the network and earn rewards.
Wicrypt has several potential use cases, including:
Wicrypt was founded in 2018 by Ugochukwu Aronu after an experience with an internet cut that demonstrated the need for such a data-sharing solution. Significant milestones include partnerships with Minima and peaq, government-backed deployments, and several funding rounds, including a $1.5 million raise in 2021. The project aims to provide affordable, decentralised, and secure connectivity, embedding blockchain technology into its infrastructure.