WiFi Map PriceWIFI

What is WiFi Map (WIFI)?

WiFi Map (WIFI) is the native utility token of WiFi Map, a global connectivity platform that combines a community-driven database of WiFi hotspots with Web3-enabled services. According to its official description, WiFi Map provides access to over 16 million WiFi hotspots worldwide and has accumulated more than 200 million app downloads. The platform is built on the Polygon blockchain and uses the WIFI token, an ERC-20 asset, to reward users for contributing data and participating in the ecosystem. WiFi Map positions itself as a crowdsourced on-chain DePIN (Decentralized Physical Infrastructure Network) dApp, bridging traditional internet access with decentralized incentives. The token has a maximum and total supply of 1,000,000,000 WIFI, with a circulating supply reported at approximately 693.86 million tokens, representing roughly 69% of the total supply. The project launched its cryptocurrency on March 28, 2023, while the underlying company was founded in 2014.

Key Specifications & Tokenomics

• Name: WiFi Map
• Ticker / Symbol: WIFI
• Blockchain / Network: Polygon
• Token Standard: ERC-20
• Category: DePIN, Distributed Computing, Polygon Ecosystem
• Total Supply: 1,000,000,000 WIFI
• Max Supply: 1,000,000,000 WIFI
• Circulating Supply: Approximately 693,864,994 WIFI
• Circulating Supply Percentage: Approximately 69.39%
• Launch Date: March 28, 2023
• Official Website: https://www.wifimap.io/
• Whitepaper: https://s3.amazonaws.com/files.weconnectu.io/Whitepaper_03_2023.pdf
• Explorer: polygonscan.com
• CertiK Rating: 3.6
• Holders: 4.9M

Who created WiFi Map?

WiFi Map was founded in 2014 by Igor Goldenberg and Denis Sklyarov. Denis Sklyarov serves as Co-founder and CEO, while Igor Goldenberg is a Co-founder and is described as Founder & Builder at WiFi Map. The company behind the project is WiFi Map LLC, headquartered in New York City, United States. The leadership team includes the Co-founder, CTO & Chief Product Officer, Founder and CEO, Chief Marketing Officer, and Chief Operating Officer, overseeing product innovation, market expansion, financial health, and organizational growth. WiFi Map began as a crowdsourced map and has since grown into a platform serving users in over 200 countries. The company has raised an undisclosed amount of funding and operates in a competitive landscape that includes other connectivity-focused applications.

How does WiFi Map work?

WiFi Map operates as a decentralized wireless network powered by user-generated data and blockchain incentives. Users contribute by adding WiFi hotspots, updating existing data, conducting speed tests, and sharing information about public restrooms and water fountains. In return, participants earn WIFI tokens, which serve as the currency underpinning the ecosystem. The platform is built on the Polygon blockchain, which provides a secure and transparent environment for transactions and rewards. The app integrates Web3 technologies, including decentralized finance tools such as token swaps, to enhance user engagement. Additionally, WiFi Map offers an eSIM service for international data plans that can be redeemed for WIFI tokens. The system relies on community participation to maintain an up-to-date database of hotspots, essential amenities, and crypto ATMs.

What makes WiFi Map unique and valuable?

WiFi Map distinguishes itself by merging real-world connectivity needs with a decentralized incentive model. Its extensive community-driven database of over 16 million WiFi hotspots and more than 200 million app downloads creates a network effect that is difficult to replicate. The platform goes beyond simple hotspot mapping by integrating essential travel tools such as public bathroom locators, tap water source maps, and crypto ATM maps. The use of the Polygon blockchain ensures low transaction costs and fast confirmation times, while the WIFI token aligns user incentives with platform growth. The project also offers an eSIM service that extends connectivity beyond WiFi, making it a comprehensive travel companion. With a CertiK rating of 3.6 and a large holder base of 4.9 million, WiFi Map demonstrates notable adoption within the DePIN sector.

What is WiFi Map used for?

The WIFI token serves multiple functions within the WiFi Map ecosystem. Primarily, it is used to reward users for contributing data, such as adding new WiFi hotspots, updating passwords, performing speed tests, and sharing information about public amenities. The token also acts as a tipping mechanism, allowing users to support one another within the community. Additionally, WIFI can be used to redeem eSIM data plans, providing an alternative payment method for international connectivity. The platform integrates DeFi tools, including token swaps, enabling users to exchange WIFI for other assets. As the native currency of the ecosystem, WIFI facilitates participation and engagement across all features of the WiFi Map application, from mapping to connectivity services.

How Is the WiFi Map ecosystem developing?

The WiFi Map ecosystem continues to expand through app feature development and community growth. The platform offers a range of tools including WiFi hotspot discovery, speed testing, offline maps, eSIM services, and maps for public restrooms, drinking water, and crypto ATMs. The app is available on both iOS and Android, with the Google Play version reporting over 100 million downloads and a 4.4-star rating from millions of reviews. The App Store version holds a 4.6 rating and is ranked in the Travel category. Community channels include Twitter, Discord, Facebook, Instagram, and Telegram, supporting a global user base of more than 200 million users. Milestones include reaching 170 million users and surpassing 195 million users across 200+ countries. The project also maintains an active help center and provides regular app updates focused on stability and performance improvements.

How to mine WiFi Map?

WiFi Map does not use traditional mining. Instead, participants earn WIFI tokens through contribution-based activities within the ecosystem. Users are rewarded for adding new WiFi hotspots, updating existing hotspot data, conducting speed tests, and sharing information about public restrooms and water fountains. This model functions similarly to a decentralized physical infrastructure network where real-world data contributions are incentivized. The tokenomics structure encourages ongoing participation and community support through a tipping system. There is no proof-of-work or proof-of-stake mining process associated with WIFI; rather, the distribution mechanism is tied to useful contributions that enhance the platform's database and services. Users can also earn points for contributions, which can be used to remove ads within the app.

How to keep your WiFi Map Coin safe?

Securing WIFI tokens requires standard cryptocurrency safety practices. Since WIFI is an ERC-20 token on the Polygon network, it can be stored in compatible wallets that support Polygon-based assets. Users should use reputable wallet software and enable all available security features, such as two-factor authentication and strong passwords. Private keys and seed phrases should never be shared or stored digitally in unsecured locations. For long-term holdings, hardware wallets offer enhanced protection against online threats. When interacting with DeFi tools or token swaps within the WiFi Map ecosystem, users should verify contract addresses and ensure they are using official platform links. Regular software updates and caution against phishing attempts are also recommended to maintain the security of WIFI holdings.