Wi Coin (WIC) – The purpose of having a Crypto portfolio in our modern day is basically for two reasons: either as a resource for speculative purposes or simply a treasure with the hope that one day, they could become a millionaire overnight with his help.
And this is the main reason why Crypto is not adopted by many people. This is the problem that WIC Crypto is trying and will eventually solve. WIC is a coin that will give people a reason to buy Crypto and use it in their daily activities.
WIC is what has been described by some as the killer app of the Crypto world. CryptoWi, is an app that rewards its users in Wi Coins (WIC) to perform their daily activities: the use of their Wi-Fi.
Wi Coin (WIC): Coin specifications
WIC is an Ethereum ERC20 token. The token name is Wi Coin, while the Ticker is known as WIC. The coil has a total stock of one hundred million coins. On the allotment of the coin, the amount of the token offered for sale is 90 million coins, which represent approximately 90 percent of the total currency available. Assigned for its distribution in the App is 5 million coins, 3% is allocated to the team, while the last two percent is awarded as a reward.
Read – Telcoin (TEL): enabling financial inclusion in a world permeated by mobile phones
The sale of tokens began on September 1, 2017 and was hosted by Livecoin.net. there was no minimum requirement in token sales.
To participate in the pre-sale, interested candidates had to use a portfolio compatible with ERC20 tokens like; Fog, Parity, Myeterwallet and much more. there was not even a minimum contribution, while the accepted payment methods were via Ethereum, Litecoin and Bitcoin.
Wi Coin (WIC): How does it work
The first thing the user needs to do is create an account to be able to use the app, earn and even store their own WICs. After doing so, the user can then load the password from the "Wi-Fi" tab. Once this has been done, the user will receive one hundred WIC for each correct password he has loaded to grow the network.
Read – Managing a secure blockchain asset using EIDOO (EDO) technology
The user is also enabled with the ability to set a price in WIC for each of those networks. This is done in such a way that anyone interested in connecting to the networks will have to pay that personalized price. The price paid will then be credited to the uploader of the original password. This is an additional incentive for people who do not change the password and encourage community growth.
Up to now, around 5 million WICs have been reserved for distribution to users in the initial phase of the app in order to increase the user base. At a speed of 100 coins per password, this will amount to a total of 50 thousand passwords.