Wayru$WAYRU

What is this network?

The network in question is the Wayru Network, a decentralized wireless network that aims to provide affordable and reliable internet access to everyone, everywhere. The network is more than just a collection of hotspots; it's a vision of an interconnected world brought to life through the principles of decentralization, driven by community participation, and underpinned by cutting-edge technology. Wayru is a network of networks, bringing together mid-small ISPs, entrepreneurs, and communities to build and operate Internet networks for the people. The network is designed with four layers: Infrastructure built by Wayru sponsored by the people, decentralized Wi-Fi network via people-owned hotspots, federation of ISPs, and community-owned networks via ISP in a box solution.

How can I mine tokens?

To mine tokens on the Wayru Network, you would need to run a Wayru Hotspot by either purchasing one of their routers or bringing your own compatible device using Wayru’s proprietary firmware, WayruOS. You can also earn $WAYRU by participating in a Hotspot Pool. The rewards fr participating in a pool are paid in $WAYRU Tokens after expenses to keep the Network running are deducted from the Internet sales. The reward is then shared between Pool participants, Hosts and The Wayru Foundation.

Any geographical restrictions?

Wayru is a global solution, thus there are no geographical restrictions. You can become a Hotspot Operator anywhere.

How can I optimize my mining rewards?

You can be part of Boosting the Network by putting your $WAYRU to work through $HPT Tokens. Whether you’re a network operator or a connectivity enthusiast, this innovative system empowers all. By depositing $WAYRU tokens into a hotspot's smart contract, its rewards are boosted, which incentivizes operators' commitment to upholding their hotspot's quality. You also mint a Token representing your position within that hotspot's contract, entitling you to a share of the extra rewards generated by that hotspot.

How can I use the network?

To use the Wayru Network, you can download the mobile app to get online or validate networks, you can run your own hotspot and earn crypto rewards, or Wayru can run it for you and share the rewards by participating in a Hotspot Pool.

To be a Hotspot operator, you will need at least one Genesis Device or a compatible off-the-shelf device, a location or site for the Hotspot to be set up, an active fixed Internet Network, access to electricity 24/7, and a Wayru WiFi mobile app account to mint your device on-chain.

To validate networks you have to download the Wayru’s mobile app and look for networks nearby to validate and earn.

Who governs this network?

The Wayru Network is governed by its founding members and team, which includes Charvel Chedraui (CEO and Founder), and Paula Ceballos (CMO and Co-Founder). However, a core element of the Wayru’s network is distributed ownership, which means that the ownership of the Internet infrastructures will be in the hands of willing people.

Funding

The funding details of the Wayru Network are not explicitly mentioned in the search results. However, the network is designed to be sponsored by the people, with the grid divided into spaces or pieces called AirBlocks. By purchasing an AirBlock, you help Wayru expand the network to connect more people to the Internet in emerging countries.