Wicrypt
Crypto Overview
Overview
Wicrypt is a decentralized mobile internet sharing and monetization protocol that enables users to share their internet connection with others and earn rewards in WNT tokens. The platform aims to create a peer-to-peer internet sharing ecosystem where hosts can monetize their unused internet bandwidth.
Purpose and Utility
The primary purpose of WNT token is to serve as the native currency within the Wicrypt ecosystem. It is used for payments between users sharing internet connections, rewards for hosts, and governance participation. The token has clear utility within a functioning platform focused on internet connectivity sharing.
Business Model
The business model involves facilitating internet sharing through specialized Wicrypt hardware devices and mobile apps. Users can share their internet connection and earn WNT tokens from those who connect to their network. The model is transparent and focuses on providing legitimate internet connectivity services.
Platform Development and Adoption
Wicrypt has developed physical hardware devices and mobile applications that enable their internet sharing functionality. The project has shown continuous development activity and has established partnerships in various regions, particularly in Africa. While adoption is still growing, there is evidence of real-world usage of the platform for its intended purpose.
Token Distribution and Governance
The WNT token distribution includes allocations for ecosystem development, team, and community rewards. While specific vesting details are not widely published, the token serves functional purposes within the ecosystem beyond speculation.
Crypto Impact
To assign a comfort level investing in Wicrypt from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Wicrypt.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.