tfgrid/info_docs_depin
9
0
Fork 0
Code Issues Pull Requests Actions Packages Projects Releases Wiki Activity
main
info_docs_depin/docs/depin_specs/emerging_depin_projects/wicrypt.md
mik-tf 2a8fc095e6 update
2025-01-13 09:50:53 -05:00

1.6 KiB
Raw Permalink Blame History

title description sidebar_position
Wicrypt Detailed information about Wicrypt 5

Wicrypt

Overview

Wicrypt is a decentralized wireless network that allows users to share their internet bandwidth with others. It leverages blockchain technology to create a peer-to-peer internet marketplace.

Key Features

  • Currency: WNT (Wicrypt Token)
  • Buying Currency: Available on decentralized exchanges like Uniswap.
  • Utility:
    • Used for network transactions and incentivizing bandwidth sharing.
    • Staking rewards for network validators.
  • Automation:
    • Smart contracts automate bandwidth sharing and reward distribution.
  • Utility in the Project:
    • Users can earn WNT by sharing their internet bandwidth.
    • Validators can stake WNT to secure the network and earn rewards.
  • API: Yes, Wicrypt provides an API for developers to integrate with their applications.
  • User Perspective:
    • Users can easily set up a Wicrypt node to share bandwidth and earn rewards.

How It Works

  1. Step 1: Users set up a Wicrypt node by installing the Wicrypt software.
  2. Step 2: The node shares unused bandwidth with the network.
  3. Step 3: Users earn WNT tokens based on the amount of bandwidth shared.

Staking

  • Staking Requirements: Minimum of 1,000 WNT tokens to become a validator.
  • Rewards: Validators earn a percentage of transaction fees and block rewards.

Documentation

For detailed documentation, visit Wicrypt Docs.

Additional Resources