WiFi Coin (WIFI) is a blockchain-based cryptocurrency that powers the WiFi Map ecosystem, a community-driven decentralized wireless network with a database of over 4.5 billion WiFi hotspots. The token allows users to participate in the network, earn rewards, and access premium services such as eSIM mobile data plans. It is built on the Polygon network and supports secure, instant transactions globally.
The crypto token WIFI, also known as WiFi Coin, is a utility token created by WiFi Map to reward contributors and provide access to premium services within the app. Here are the key ways WIFI is used:
- Earn by Contributing: Users can earn WIFI tokens by adding new hotspots, verifying network information, and running internet speed tests. This encourages community participation and helps grow the app's database of WiFi hotspots.
- Redeem for Services: WIFI tokens can be redeemed for eSIM mobile data plans, allowing users to access internet services.
- Cashback Benefits: When users redeem WIFI tokens for eSIM plans, they receive a 15% cashback in WIFI tokens, incentivizing continued use of the token.
- Tips to Appreciate: Users can send WIFI tokens to thank others who have contributed their favorite hotspots, fostering a sense of community.
- Trading and Investment: WIFI tokens can be bought, sold, traded, and staked on several top-tier cryptocurrency exchanges, including OKX, Huobi, and Gate.io, allowing users to engage in trading and investment activities.
Overall, WIFI is designed to facilitate a community-driven, digitally-connected world by rewarding contributors and providing access to premium services within the WiFi Map app.
To store Wifi Coin (WIFI) tokens securely, you can use a cold wallet, which is a wallet that is not connected to the internet. There are two types of cold wallets:
Paper Wallet: This involves generating public and private keys offline and printing them on a piece of paper. The keys are printed in the form of QR codes, which you can scan for future transactions. Store the paper securely to protect your assets.
Hardware Cold Wallet: This is a physical device, similar to a USB drive, where you can store your cryptocurrency. Your crypto addresses and keys are kept in the device, and only the person who possesses the device can access the assets. Hardware cold wallets are popular options for storing large numbers of coins or tokens.
Additionally, you can also store WIFI tokens in a non-custodial wallet like MetaMask. To add WIFI to MetaMask, you can import the token manually by copying its contract address (0xe238ecb42c424e877652ad82d8a939183a04c35f) or use MetaMask's chrome extension to add it with one click.
To buy WiFi Coin (WIFI) tokens, follow these steps:
Install a Browser Wallet:
- Install MetaMask or any other browser wallet to store and manage your cryptocurrencies. This will be used to interact with decentralized exchanges like Uniswap.
Deposit USDC (Polygon):
- Deposit USDC (Polygon) into your wallet. This is the currency you will use to purchase WIFI tokens.
Access Uniswap:
- Go to Uniswap.org and select the Polygon network.
- Connect your MetaMask wallet to Uniswap.
Swap USDC for WIFI:
- Enter the amount of USDC you want to exchange for WIFI tokens.
- Confirm the transaction and wait for the confirmation.
Alternative Exchanges:
- WIFI tokens can also be traded on centralized exchanges like Gate.io, OKX, and Huobi Global. You can create an account on these exchanges and follow their procedures to buy WIFI tokens.
Security:
- For long-term storage, consider using a cold wallet like a paper wallet or a hardware wallet to ensure the security of your tokens.
For detailed step-by-step instructions, you can refer to the video tutorial on YouTube.
