WiFi Map, a leading internet connectivity tool with over 3 million monthly active users, is launching the $WIFI utility token on March 30, 2023 in partnership with the TrustSwap DeFi ecosystem.
WiFi Map is a global decentralized connectivity tool with over 10 million free public WiFi hotspots, all of which were added by its community. The company recently announced a move to Web3 and is set to launch its $WIFI utility token on March 30 this year, in partnership with the TrustSwap multi-chain DeFi platform and launchpad. The token marks a landmark event in
the emerging DeWi (decentralized wireless) space and will have several use cases, allowing users to access connectivity services in the app at a discount and serving as a reward for contributions to growing the platform.
WiFi Map has joined the TrustSwap Incubator programme, which was launched in 2021 and serves as an accelerator for innovative and emerging blockchain startups, offering support in areas such as tokenomics, business development, networking and counsel, and creative direction.
Denis Sklyarov, CEO of WiFi Map: “Partnering with TrustSwap underlines the strong tokenomics we have built at WiFi Map and solidifies our credentials as we transition from a leading Web 2.0 app to a disruptor in the world of decentralized wireless. We are looking forward to nurturing a mutually beneficial strategic partnership that will strengthen TrustSwap’s market position and bring WiFi Map to a broader Web3 audience.”
The $WIFI token will be issued as a reward for adding new hotspots to the platform and can be redeemed for mobile internet data, VPN protection and other connectivity services within the app, as well as premium features.
Jeff Kirdeikis, CEO of TrustSwap: “We want to show people that the blockchain is the future, and this means capturing successful Web 2.0 platforms with massive potential. It’s a win-win for us, because we’re showing people how to look for alpha outside of the usual crypto projects and bringing the industry closer to mass adoption by converting a sizeable existing user base to Web3.”
About WiFi Map
WiFi Map is a world-leading platform for locating and connecting to WiFi hotspots. Founded in 2014, the app has been downloaded by over 150 million people and helped them get online more than 1 billion times. Driven by a belief in the power of community and a conviction that the internet is a fundamental human right, WiFi Map announced a shift to Web3 in 2022.
The new $WIFI token is set to become available as a means of payment for all services offered within the app, including eSIM and VPN packages, offline maps and the ad-free pro version of WiFi Map.
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About TrustSwap
TrustSwap is a multi-chain DeFi ecosystem providing services to both corporate and retail customers. With over USD 4.5 billion secured across 23,000 projects on nine blockchains, TrustSwap is a foundational pillar in crypto security. TrustSwap’s The Crypto App has over four million downloads, making it one of the most frequented crypto applications globally. The Launchpad offered by TrustSwap has securely launched over 40 projects.
TrustSwap’s products and services provide solutions to problems related to token & liquidity locking, token minting, escrow, and vesting. In addition, it also provides solutions for cryptocurrency asset distribution, staking and tracking, NFT services, and fundraising.
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