World Wi-Fi

DECENTRALIZED FREE WI-FI NETWORK POWERED BY BLOCKCHAIN

About World Wi-Fi

World Wi-Fi, as the name implies, is a platform that enables a distributed network of globalized WiFi access. Network operators can participate by configuring their routers to offer a public internet access point. When connecting to the access point, guest users will first have to view targeted ads, and the router owners will be rewarded with WT tokens for engagement thus generated. Advertisers will also use WT tokens to place their ads on the World Wi-Fi platform.

Token Sale Use of Blockchain

Product

2.6
Product
Readiness

Is the product ready for use? Is there a working prototype or MVP? How long until it is operational?

2.0
N/A
2 - Proof of concept or test platform.
Appeal

How appealing is the product? How good or necessary is it? Does it have a distinct edge?

2.0
N/A
2 - Meh, okay.
Target User Base

Is it mass market or niche?

5.0
N/A
5 - General audience / mass market.
Competition

Are there many other similar solutions or is this one of just a few, or even one of a kind?

2.0
N/A
2 - Quite a few / somewhat better competitors.
Innovation

How innovative or inventive is the product, either conceptually or technologically?

2.0
N/A
2 - Some, but nothing outstanding.

Product

Users that wish to participate in operating the network will create a second access point through their router that is for public use. In order to gain access, guest users will have to view an ad before connecting to the network and network operators will be rewarded based on the number of users that have viewed/clicked the ad. Users are rewarded 1 WeToken (WT) for every 10 ad impressions. The target user base is for the mass market. While there is a fair number of competitors that aim to provide distributed and decentralized networking, it should be noted that the solution that World Wi-Fi proposes is quite simple in comparison to most. The GitHub page is provided, but the level activity and content is quite low.

Product Whitepaper

Use of Blockchain

2.4
Use of Blockchain
Blockchain Development

Is blockchain technology essential? Does it make the solution significantly different and better?

2.0
N/A
2 - Some smart contract functionality.
Disruptive Blockchain Advantage

How disruptive is the introduction of blockchain technology into the product's market space?

3.0
N/A
3 - Potentially disruptive.
Need for a Custom Token (vs. BTC or ETH)

Is the token essential or could it be done just as well or better with fiat or Bitcoin?

1.0
N/A
1 - None really, just fundraising.
System Decentralization (besides token)

How decentralized is the system architecture other than the token (e.g., data collection, storage, access, and use, or decision making processes, etc.)?

4.0
N/A
4 - Mostly decentralized.
Contribution to Blockchain Ecosystem

How compelling is the solution's contribution to the evolution of blockchain infrastructure and economy?

2.0
N/A
2 - Meh, okay.

Use of Blockchain

WT is an ERC223 compliant token and is used as a rewards system on the platform. It is stated that “World Wi-Fi is a project with a proprietary cryptoeconomy”. It is explicitly stated that the purpose of the token sale is to raise funds for the development of the platform. The fundamental concept of the platform does not require a custom token. There is not a significant amount of innovation with regard to the blockchain solution and it is mainly used as a reward system. WT tokens are used by advertisers in order to place ads on the World Wi-Fi platform.

Use of Blockchain Roadmap

Whitepaper

3.4
Whitepaper
Comprehensiveness

Does it cover the full scope of the problem and solution?

3.0
N/A
3 - Covers most key issues; a few holes.
Readability

Is it easy enough to understand?

4.0
N/A
4 - Easy to read and understand.
Transparency

Does it candidly describe and disclose where the project now stands, how much exists and how much still needs to be done, etc.?

3.0
N/A
3 - Basic honesty with some hype.
Business Plan Presentation

Does it contain a viable, comprehensive business plan?

4.0
N/A
4 - Clear, well thought out, realistic.
Technology Presentation

Does it present a well thought out technological architecture? Does it address implementational challenges?

3.0
N/A
3 - More information required.

Whitepaper

The whitepaper is 42 pages long, but would be much shorter if fewer visual elements were used. The technology plan is presented in moderate detail. There is a section that discusses the platform’s technical features and architectural overview, but the explanation is at a layman level. The business plan is presented in fair detail; specific fee structure and advertising strategy are discussed. The document outlines a step-by-step guide as to how users will become network operators and also how advertisers will be able to rollout an ad campaign on the platform. Overall the whitepaper relies on a heavy amount of visual elements and contains sufficient information regarding the logistics of how the platform will operate, although more information regarding the technical specifications of the platform operation could be provided.

Whitepaper Compliance

Roadmap

2.6
Roadmap
Concreteness

Is there a concrete and practical development plan (vs. just a conceptual vision)?

3.0
N/A
3 - An overall plan, major milestones stated.
Feasibility

Is the development plan realistic? Is it based on reasonable goals and timelines?

2.0
N/A
2 - Very ambitious.
Vision

Is there a larger, long-term vision?

3.0
N/A
3 - A trend with potential.
Dependencies (services or capabilities)

How available, operational, or trusted are the other systems or capabilities on which the project relies?

3.0
N/A
3 - Imperfect but available, or using substitutes.
Current Position

Where is the project now, relative to its vision and plans?

2.0
N/A
2 - Critical obstacles ahead.

Roadmap

The roadmap presented in the whitepaper spans from August 2017 to March 2021 and contains moderate levels of detail. 9 milestones are presented and primarily focus on business development. Milestones reached thus far include the the product prototype and development of the marketing strategy. The beta version is planned to launch on between May and June of 2018, and the mobile application is planned to launch between August 2018 and March 2019.

Roadmap Company and Team

Compliance

2.6
Compliance
Token Utility (value through usage)

How much use is there for the token itself (regardless of its value as an investment vehicle)?

2.0
N/A
2 - Minimal or contrived.
Token as Security (tradable instrument)

How valuable is the token as an investment vehicle or financial instrument?

3.0
N/A
3 - Partly; compliance not fully assured.
Token/Smart-Contract Readiness

Is the blockchain infrastructure of the project ready for use? Is there a working prototype or MVP? How long until it is operational?

2.0
N/A
2 - Proof of concept or test platform.
Attention to Compliance Issues

How much attention is given to compliance (via token and ecosystem design, token sale participation, etc.)? Is this issue addressed directly and coherently?

4.0
N/A
4 - Specific, detailed.
Legal Review/Risk Assessment

What kind of legal documentation (reviews or agreements) and risk assessment are provided?

2.0
N/A
2 - Insufficient or unprofessional.

Compliance

The whitepaper contains a very brief disclaimer section. The document is fairly specific with regard to compliance of the token sale and states that the token sale will abide by “US Securities Law, Regulation S, and Regulation D (for US investors), and with all qualified investors satisfying the criteria of Directive 2003/71/EC”. Purchase of WT tokens is not permitted to residents from China, the United States, and Singapore. It is stated that the document has been “checked and approved by [their] legal advisers”, however there is little discussion regarding legal considerations.

Compliance Token Sale

Company and Team

3.2
Company and Team
Company Stage and Foundation

Is the company already established? Has it raised funds before? Is it mature?

3.0
N/A
3 - Company structure in place.
Background of Lead Team Members

Do we know who they are? Do they have LinkedIn profiles? Do they have solid, relevant backgrounds?

3.0
N/A
3 - Minimally sufficient.
Team Assembly and Commitment

Is a solid, fully committed core team in place? Do they have online (e.g. LinkedIn) profiles showing sufficient relevant experience? Is their participation transparent?

3.0
N/A
3 - Mostly assembled and committed.
Team Skill Set Relevance

Does the amount of talent and skill in each area seem to fit the project requirements?

3.0
N/A
3 - Correlated to project requirements.
Team Skill Set Balance

Is the team well-rounded (biz/tech/blockchain)? Is there sufficient talent and skill in all areas of required development?

4.0
N/A
4 - Good, sufficient for each aspect.

Company and Team

The team 12 team members are listed in the whitepaper, along with their profile pictures, very brief descriptions, and links to social media accounts. The skill set of the team is geared towards technology, as opposed to business. A few of the team members have networking experience, more specifically in the development of a hotspot solution. There does not seem to be a team member with extensive professional experience working on blockchain-related projects.

Company and Team Product

Token Sale

2.6
Token Sale
Raise Amount Max

Is there a clear cap? Is the maximum raise amount modestly sufficient (as opposed to either greedy or insufficient)?

2.0
N/A
2 - Somewhat greedy or unrelated to plans.
Raise Amount Min

Is the minimum raise reasonable considering the development plan? Are there raise-amount dependent milestones?

3.0
N/A
3 - Justifiable.
Fund Allocation

Is fund distribution and allocation reasonable and justified?

3.0
N/A
3 - Rough estimates, but sensible.
Token Allocation

Is the ratio of tokens sold to those kept reasonable? Does it prevent the company from having too much control?

3.0
N/A
3 - Sufficient company/community interest balance.
Media Presence and Following

Is the sale being talked about in Reddit, Bitcointalk, Social Media, Medium, etc.? Is information available and accessible? Is there interest?

2.0
N/A
2 - Minor exposure and interest, or ambivalent reception.

Token Sale

The total number of WT tokens is 600 million (33% is for sale, 40% is for future development, 5% is for the team, 7% is for the founders, 3% is for advisors, 2% is for the bounty and 10% is for the pre sale). The allocation of funds is described in moderate detail (39.5% is for advertising, 24.4% is for R&D, 6.4% is for expenses for building a B2B network, 25.5% is for agent network expenses, 2.4% is for software and hardware expenses, 1.3% is for payroll and 0.5% is for administrative expenses). The soft cap is $3.5MM USD and the hard cap is $25MM USD, where 1 WT = $0.10 USD. The pre-sale will be held from February 16th to April 16th and the crowd sale will be held from April 18th to May 18th.

Product

Users that wish to participate in operating the network will create a second access point through their router that is for public use. In order to gain access, guest users will have to view an ad before connecting to the network and network operators will be rewarded based on the number of users that have viewed/clicked the ad. Users are rewarded 1 WeToken (WT) for every 10 ad impressions. The target user base is for the mass market. While there is a fair number of competitors that aim to provide distributed and decentralized networking, it should be noted that the solution that World Wi-Fi proposes is quite simple in comparison to most. The GitHub page is provided, but the level activity and content is quite low.

Category Breakdown
Readiness

Is the product ready for use? Is there a working prototype or MVP? How long until it is operational?

2.0
N/A
2 - Proof of concept or test platform.
Appeal

How appealing is the product? How good or necessary is it? Does it have a distinct edge?

2.0
N/A
2 - Meh, okay.
Target User Base

Is it mass market or niche?

5.0
N/A
5 - General audience / mass market.
Competition

Are there many other similar solutions or is this one of just a few, or even one of a kind?

2.0
N/A
2 - Quite a few / somewhat better competitors.
Innovation

How innovative or inventive is the product, either conceptually or technologically?

2.0
N/A
2 - Some, but nothing outstanding.
Product Score:
2.6

Use of Blockchain

WT is an ERC223 compliant token and is used as a rewards system on the platform. It is stated that “World Wi-Fi is a project with a proprietary cryptoeconomy”. It is explicitly stated that the purpose of the token sale is to raise funds for the development of the platform. The fundamental concept of the platform does not require a custom token. There is not a significant amount of innovation with regard to the blockchain solution and it is mainly used as a reward system. WT tokens are used by advertisers in order to place ads on the World Wi-Fi platform.

Category Breakdown
Blockchain Development

Is blockchain technology essential? Does it make the solution significantly different and better?

2.0
N/A
2 - Some smart contract functionality.
Disruptive Blockchain Advantage

How disruptive is the introduction of blockchain technology into the product's market space?

3.0
N/A
3 - Potentially disruptive.
Need for a Custom Token (vs. BTC or ETH)

Is the token essential or could it be done just as well or better with fiat or Bitcoin?

1.0
N/A
1 - None really, just fundraising.
System Decentralization (besides token)

How decentralized is the system architecture other than the token (e.g., data collection, storage, access, and use, or decision making processes, etc.)?

4.0
N/A
4 - Mostly decentralized.
Contribution to Blockchain Ecosystem

How compelling is the solution's contribution to the evolution of blockchain infrastructure and economy?

2.0
N/A
2 - Meh, okay.
Use of Blockchain Score:
2.4

Whitepaper

The whitepaper is 42 pages long, but would be much shorter if fewer visual elements were used. The technology plan is presented in moderate detail. There is a section that discusses the platform’s technical features and architectural overview, but the explanation is at a layman level. The business plan is presented in fair detail; specific fee structure and advertising strategy are discussed. The document outlines a step-by-step guide as to how users will become network operators and also how advertisers will be able to rollout an ad campaign on the platform. Overall the whitepaper relies on a heavy amount of visual elements and contains sufficient information regarding the logistics of how the platform will operate, although more information regarding the technical specifications of the platform operation could be provided.

Category Breakdown
Comprehensiveness

Does it cover the full scope of the problem and solution?

3.0
N/A
3 - Covers most key issues; a few holes.
Readability

Is it easy enough to understand?

4.0
N/A
4 - Easy to read and understand.
Transparency

Does it candidly describe and disclose where the project now stands, how much exists and how much still needs to be done, etc.?

3.0
N/A
3 - Basic honesty with some hype.
Business Plan Presentation

Does it contain a viable, comprehensive business plan?

4.0
N/A
4 - Clear, well thought out, realistic.
Technology Presentation

Does it present a well thought out technological architecture? Does it address implementational challenges?

3.0
N/A
3 - More information required.
Whitepaper Score:
3.4

Roadmap

The roadmap presented in the whitepaper spans from August 2017 to March 2021 and contains moderate levels of detail. 9 milestones are presented and primarily focus on business development. Milestones reached thus far include the the product prototype and development of the marketing strategy. The beta version is planned to launch on between May and June of 2018, and the mobile application is planned to launch between August 2018 and March 2019.

Category Breakdown
Concreteness

Is there a concrete and practical development plan (vs. just a conceptual vision)?

3.0
N/A
3 - An overall plan, major milestones stated.
Feasibility

Is the development plan realistic? Is it based on reasonable goals and timelines?

2.0
N/A
2 - Very ambitious.
Vision

Is there a larger, long-term vision?

3.0
N/A
3 - A trend with potential.
Dependencies (services or capabilities)

How available, operational, or trusted are the other systems or capabilities on which the project relies?

3.0
N/A
3 - Imperfect but available, or using substitutes.
Current Position

Where is the project now, relative to its vision and plans?

2.0
N/A
2 - Critical obstacles ahead.
Roadmap Score:
2.6

Compliance

The whitepaper contains a very brief disclaimer section. The document is fairly specific with regard to compliance of the token sale and states that the token sale will abide by “US Securities Law, Regulation S, and Regulation D (for US investors), and with all qualified investors satisfying the criteria of Directive 2003/71/EC”. Purchase of WT tokens is not permitted to residents from China, the United States, and Singapore. It is stated that the document has been “checked and approved by [their] legal advisers”, however there is little discussion regarding legal considerations.

Category Breakdown
Token Utility (value through usage)

How much use is there for the token itself (regardless of its value as an investment vehicle)?

2.0
N/A
2 - Minimal or contrived.
Token as Security (tradable instrument)

How valuable is the token as an investment vehicle or financial instrument?

3.0
N/A
3 - Partly; compliance not fully assured.
Token/Smart-Contract Readiness

Is the blockchain infrastructure of the project ready for use? Is there a working prototype or MVP? How long until it is operational?

2.0
N/A
2 - Proof of concept or test platform.
Attention to Compliance Issues

How much attention is given to compliance (via token and ecosystem design, token sale participation, etc.)? Is this issue addressed directly and coherently?

4.0
N/A
4 - Specific, detailed.
Legal Review/Risk Assessment

What kind of legal documentation (reviews or agreements) and risk assessment are provided?

2.0
N/A
2 - Insufficient or unprofessional.
Compliance Score:
2.6

Company and Team

The team 12 team members are listed in the whitepaper, along with their profile pictures, very brief descriptions, and links to social media accounts. The skill set of the team is geared towards technology, as opposed to business. A few of the team members have networking experience, more specifically in the development of a hotspot solution. There does not seem to be a team member with extensive professional experience working on blockchain-related projects.

Category Breakdown
Company Stage and Foundation

Is the company already established? Has it raised funds before? Is it mature?

3.0
N/A
3 - Company structure in place.
Background of Lead Team Members

Do we know who they are? Do they have LinkedIn profiles? Do they have solid, relevant backgrounds?

3.0
N/A
3 - Minimally sufficient.
Team Assembly and Commitment

Is a solid, fully committed core team in place? Do they have online (e.g. LinkedIn) profiles showing sufficient relevant experience? Is their participation transparent?

3.0
N/A
3 - Mostly assembled and committed.
Team Skill Set Relevance

Does the amount of talent and skill in each area seem to fit the project requirements?

3.0
N/A
3 - Correlated to project requirements.
Team Skill Set Balance

Is the team well-rounded (biz/tech/blockchain)? Is there sufficient talent and skill in all areas of required development?

4.0
N/A
4 - Good, sufficient for each aspect.
Company and Team Score:
3.2

Token Sale

The total number of WT tokens is 600 million (33% is for sale, 40% is for future development, 5% is for the team, 7% is for the founders, 3% is for advisors, 2% is for the bounty and 10% is for the pre sale). The allocation of funds is described in moderate detail (39.5% is for advertising, 24.4% is for R&D, 6.4% is for expenses for building a B2B network, 25.5% is for agent network expenses, 2.4% is for software and hardware expenses, 1.3% is for payroll and 0.5% is for administrative expenses). The soft cap is $3.5MM USD and the hard cap is $25MM USD, where 1 WT = $0.10 USD. The pre-sale will be held from February 16th to April 16th and the crowd sale will be held from April 18th to May 18th.

Category Breakdown
Raise Amount Max

Is there a clear cap? Is the maximum raise amount modestly sufficient (as opposed to either greedy or insufficient)?

2.0
N/A
2 - Somewhat greedy or unrelated to plans.
Raise Amount Min

Is the minimum raise reasonable considering the development plan? Are there raise-amount dependent milestones?

3.0
N/A
3 - Justifiable.
Fund Allocation

Is fund distribution and allocation reasonable and justified?

3.0
N/A
3 - Rough estimates, but sensible.
Token Allocation

Is the ratio of tokens sold to those kept reasonable? Does it prevent the company from having too much control?

3.0
N/A
3 - Sufficient company/community interest balance.
Media Presence and Following

Is the sale being talked about in Reddit, Bitcointalk, Social Media, Medium, etc.? Is information available and accessible? Is there interest?

2.0
N/A
2 - Minor exposure and interest, or ambivalent reception.
Token Sale Score:
2.6

Use this code to share the ratings on your website