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Occam.fi

Wicrypt to Hold IDO on Cardano-based OccamRazer Decentralized Launchpad

Wicrypt, the first blockchain-based WiFi sharing network from Africa, announced today that their $WNT token will make its debut on OccamRazer on the 30th of November 2021.

Wicrypt is a decentralized mobile internet sharing and monetization network, introducing a new type of virtual Internet Service Provider (ISP) which gives users the power to control their own mobile internet data and earn money. Through the Wicrypt protocol, the end-to-end encryption of user data is enabled, empowering anyone to share and monetize their data and bring decentralized internet services to anyone worldwide — even those in remote communities. Wicrypt has already signed service contracts with several organizations, including the city of Enugu in Nigeria.

Ugochukwu Aronu, CEO of Wicrypt Network, says:

“At Wicrypt we are passionate about bringing secure, cost effective, and seamless connectivity to everyone, anywhere in the world. Through blockchain, we can empower users to share and monetize their data, regardless of whether they are an individual, a business, or a local community group. We’re pleased to be launching our IDO through OccamRazer and we look forward to welcoming the Occam community to our ecosystem.”

The Wicrypt network is powered by a native token, the Wicrypt Network Token, ticker symbol ‘$WNT’. WNT tokens are used to incentivise WiFi hosts within the Wicrypt ecosystem to create and manage WiFi zones, which in turn enable users to have access to the internet and power IoT devices for seamless connectivity. Wicrypt-connected devices are all represented by unique NFTs (Non-Fungible Tokens) that are linked to the blockchain. Data points transmitted through the devices are all represented on the blockchain through the NFTs in real time on the Wicrypt block explorer.

Additionally, $WNT is used to pay fees to WiFi hosts for providing their hotspot creator devices, also called micro-nodes within the Wicrypt network.

Elliot Hill, Head of Communications at Occam.fi, says:

“Wicrypt is an exciting project both from a technical and a societal perspective, changing the way users access internet services through the power of decentralization. We will leverage our expertise in the Cardano ecosystem to ensure that Wicrypt’s IDO is a resounding success.”

Wicrypt already has funding partners led by AU21 Capital, with participation from Polygon founder Sandeep Nailwal, Cardano’s Occam, Inclusion Capital, Outlier Ventures, Chain Capital, Pluto Digital Assets, Omega Ventures, N7 Labs, and PolkaFoundary. Registration for Wicrypt’s IDO will open on the OccamRazer launchpad shortly.

Follow Wicrypt’s social media channels to stay up to date with the latest news:

About Wicrypt: Wicrypt is a decentralized mobile internet sharing and monetization network, allowing anyone to get paid for sharing their WiFi. Wicrypt is the first African company to build a peer-to-peer infrastructure for sharing mobile internet data without need for third-party integration. WiFi can be shared via Wicrypt’s custom, affordable Hotspot Creator or mobile devices, while providers can tailor unique experiences, including surveys and ads, while collecting customer data. An already profitable company, Wicrypt has an exclusive partnership with the city of Enugu, Nigeria, to provide last-mile internet service to its citizens. Wicrypt has an international team with experience working for some of Africa’s largest employers, including KPMG, Chevron, Accenture, Nielsen, and MTN Group, and is headquartered in Enugu, Nigeria. Learn more at: https://wicrypt.com/.

About Occam.fi: The Occam.fi ecosystem is managed and maintained by the Occam Association, a Switzerland-based entity operating from the crypto-friendly Canton of Zug. When the Occam.fi ecosystem grows sufficiently, Occam.fi will be governed and steered by a carefully designed decentralized autonomous organization. Occam.fi is the first decentralized launchpad designed for the Cardano ecosystem, built with expertise and care from a veteran team of blockchain entrepreneurs and professionals. Learn more at www.occam.fi.

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The Occam.fi ecosystem encompasses the OccamX DEX, the OccamRazer decentralized launchpad, and the Occelerator Incubator. Backed by IOHK through cFund and EMURGO, Occam.fi brings DeFi to Cardano.

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