Airwaive
A new infrastructure project using accessible technologies that provides access to an inexpensive and decentralized Internet.
Although the core of the Internet is a decentralized global network of interconnected servers, communication between the user and the nearest Internet Service Provider (ISP) is referred to as the last mile of the Internet, is often centralized.
As a result, the user experience is severely limited: in most countries, the Internet is expensive and broadband is not available.
Airwaive solves this problem with its breakthrough network creation and operation model.
Using blockchain technologies, Airwaive will bring low-cost broadband Internet access to the entire population of the world.
Airwaive aims to decentralize the last mile of the Internet using wireless technology, thereby:
According to the modern American standard from 2021, the minimum Internet speed is 100 Mbps, and the minimum upload speed is 20 Mbps, which allows a family of 4 people to be on video at the same time. According to the statistical report, only 12% of the population meets these standards.
Products and services have migrated online, but not everyone on the planet uses them, which leads to a "digital divide".
This is due to economic factors: the high cost of creating a fiber-optic cable infrastructure and the monopoly of providers.
Wireless connection does not have such installation costs, which expands coverage and reduces the cost of access.
Before the 5G network appeared, cable always had an advantage over wireless communication, since the transmission speed over cable was much higher. But now, with the advent of 5G, everything has changed, which means you can implement wireless instead of fiber.
Unlicensed frequencies such as 3.5GHz and 6GHz, or Wi-Fi frequencies of 2.4GHz and 5GHz also help to decentralize wireless networks because the barriers to becoming a service provider are now greatly reduced.
The broadband Internet market is ideal for blockchain technology, which is an independent source for verifying access to the Internet network.
The mission of the Airwaive project is to create an infrastructure for the deployment of a new network model and ensure the emergence of a large number of private mini-providers that distribute Internet at a low price to everyone using an incentive program ($AIRW tokens).
Airwaive connects wireless service providers with home and business owners who make money operating wireless access points in their area.
Their model covers all possible types of connectivity: fixed, mobile and Internet of Things (IoT).
The community will play an important role in this model.
The owners of access points will become miners-validators and will earn money by distributing access to the Internet and the network itself will function on the basis of blockchain technology.
Airwaive uses a Marketplace model that acts as a bridge between traditional fiat currency and a cryptocurrency that sets contracts at market rates that vary by region.
Using a carrier-host-user model, Airwaive provides next-generation ISPs and private hotspot hosts with a network deployment model and incentive program that will enable them to earn and achieve their goal of broadbanding the world's population.
Token architecture is shown here, blockchain usage and network verification for the Airwaive reward mechanism.
This scenario assumes that the active host provides connectivity for one or more end user devices.
When a connection is established, the user or user's device is authenticated for a valid connection, rewarding verified true connections and preventing fraud.
A traffic summary is also sent from the host to understand the type of device (fixed, mobile, IoT, etc.) or connection speed to test true broadband. This robust mechanism will ensure that hosts are rewarded in accordance with the provision of Internet connectivity in accordance with the service level agreement, while at the same time imposing penalties on the host in the event of a service interruption.
The growing ecosystem of operators and hosts is gaining momentum!
Airwaive is no longer just a project on paper, the company is actively developing and has already built a strong network of more than 50 operators and their partners (mobile operators, WISPs, IoT providers) in the US with approximately 6.7 million potential hosts.
Back in early December 2021, Airwaive and leading electric vehicle manufacturer Rivian Automotive announced a partnership in which Rivian became the first party to sign an IoT agreement with Airwaive.
Airwaive has tremendous potential to create the Internet of the last mile faster than centralized solutions.
This makes the web fairer and more open, and further democratizes web3, enabling more ownership and privacy across DeFi, Metaverse, and other web3 ecosystems.
More details about the technology can be found here:
https://www.airwaive.org/content/Airwaive_White_Paper_v1.0.pdf
In September 2023, a major crypto-conference "Token2049" will be held in Singapore, where the Airwaive team will present their project to a wide audience.
Team
The project is based on a strong team with extensive experience in the telecommunications industry. The team consists of 15 employees.
The founders of Airwaive are two very powerful professionals in their field:
- Jeff Yee — https://www.linkedin.com/in/jeffyee/
Former CEO of ZTE (Chinese company, the second largest manufacturer of telecommunications equipment and mobile phones in China) and AT&T (The world's largest American telecommunications multinational corporation) - Bin Zhu — https://www.linkedin.com/in/bin-zhu-3169b766/
Blockchain serial entrepreneur who previously founded the Stratos decentralized storage network https://www.thestratos.org/. Created a corporate governance system for China Mobile at Huawei. Responsible for Web2 infrastructure serving billions of people.
Company's LinkedIn: https://www.linkedin.com/company/airwaive/
The members of the Airwaive core team have extensive experience in the field of wireless networks and blockchain technologies:
- Michael Maoca — https://www.linkedin.com/in/michaelmaoca/
Product director - Beau Peters — https://www.linkedin.com/in/beau-peters-globalchanneldev/ Responsible for strategies and partnerships
- Peter Shih — https://www.linkedin.com/in/petershih/
Head of Partnerships, Business Development Manager - Loran Meynier - https://www.linkedin.com/in/lmeynier/
Executive Director - Glenn Lurie - https://www.linkedin.com/in/glennlurie/
Advisor, former CEO of AT&T Mobility - Terrence Howard — https://www.facebook.com/terrencehoward
Popular actor, Oscar nominee, Ambassador of Airwaive
Investors
Signum Capital, a large Hong Kong venture capital fund https://www.signum.capital/ (UOB Venture Management is also under their control), became the lead investor of the seed round.
This Asian respected crypto fund has been investing in blockchain technology since 2017 and has such well-known projects in its portfolio as: Acala Network, Pokadot, Mina, Gnosis, DeBank, Fantom.
They dedicated a large article to the Airwaive project on their website.
https://www.signum.capital/blog/airwaive-airbnb-of-last-mile-internet/
— it is clear that Signum Capital puts big emphasis on it.
The most famous fund here is Fenbushi Capital.
This is the oldest crypto fund with a very cool portfolio, founded in Shanghai back in 2015 with Vitalik Buterin as an adviser.
The most famous crypto projects that the fund has invested in are: Flow, Consensys, Coinlist, Kusama, Messari, Dapper.
In total, we have a solid list of investors: the Gate exchange, Singaporean funds Spartan Group and Signum Capital, Chinese Fenbushi Capital.
Token utilities
The $AIRW token is the main currency of the network and a reward for private providers for providing Internet access.
The token can be distributed among these providers and subscribers using the network as a currency that encourages the growth and use of the network.
The main distribution of tokens is a mining process using the new Proof of Connectivity algorithm (proof of connection) as a consensus mechanism to determine the reward for the network creator.
When the connection with the end user is confirmed, a reward is generated.
More connections lead to more rewards.
The user connects to the network, the validators confirm the connection and mine tokens, the tokens are distributed among the creators of the network, and then used to purchase equipment and develop the network, attracting more and more Internet users.
Airwaive is a DAO, so another function of the token is governance, a governance token that allows you to vote and make decisions about the future of the DAO.
The tokens can also be spent on the purchase of equipment by network investors or make an advance payment for Airwaive's Internet services.
The fundamental infrastructure, where mining is used as the basis for the further functioning of the blockchain and brings quite understandable benefits to people - gives them access to cheap Internet everywhere.
This is an example of how blockchain technology enters our lives and improves it.
A very practical concept related to real life applications.
Tokenomics
The total supply of tokens is limited to 1 billion tokens, of which 500 million tokens are reserved for mining rewards.
Seed round price — $0.5, 12.5% TGE unlock, no cliff with 2 years vesting (8 unlocks quarterly)
The price of Bridge and Privat rounds is $0.4 with a 6-month cliff and a 3.5-year vesting.
Right now there is an aloocation in the Bridge round, but we managed to agree with the founders of the project on investing in a much more profitable Seed round (without cliff and with less vesting)!
Thus, we have the same entry conditions as the main venture funds that entered a year ago.
TGE will take place in the 4th quarter of 2023.
The listing will take place on the Gate exchange, which is logical - these are their investors.
Negotiations are also underway with the OKEx exchange.
It is important to notice that the team has tokens locked for 2 years, we will just have time to get all the funds.
The public sale is very small, only 1%, there will not be many people willing to sell their tokens.
We have the most favorable conditions for entering the project.
To assess the potential of our project, it is useful to compare it with Helium, the closest and largest competitor.
Currently, their $HNT token is ranked 130th with a capitalization of $178 million. But the Helium model is tailored for the Internet of Things (IoT), while the Airwaive model is more global and promising because it covers all types of internet.
Helium uses a consensus mechanism that only confirms network coverage but cannot provide network usage and business value. The benefit of the Airwaive algorithm is that it allows operators to create truly decentralized networks with dedicated hardware and service level agreements, and rewards based on Proof of Connectivity consensus.
The key competitive advantage is that Airwaive does not need to be tied to any device or manufacturer, since they do not manufacture or require their own access points, such as Helium.
Airwaive allows any carrier-supported network device to connect directly to its network, thereby leveraging existing infrastructure and partner resources to scale its network, reducing overall participation costs, making the entire Airwaive network more competitive and efficient.
Thus, we can expect from Airwaive that the project will become more relevant, larger and more in demand than Helium.
Social media
There is interest in the project from crypto industry professionals.
Social networks are monitored by representatives of the venture division of the Huobi exchange, the Polkadot and Solana blockchains, as well as those funds that have already invested in the company.
🌐 Website — https://www.airwaive.org/
🐦 Twitter — https://twitter.com/airwaive_biz
👨🏻💻 Telegram — https://t.me/AirwaiveOfficial
💻 Discord — https://discord.com/invite/BGtuRdDCTN
💻 Medium — https://medium.com/@AirwaiveOfficial?p=bf04d5f8f9e4
📲 Facebook — https://www.facebook.com/airwaive
A large-scale infrastructure project aimed at the mass adoption of web3 and 5G networks.
Cutting-edge technology that outperforms the competition, a strong telecoms team, interest from large venture capital funds and the most lucrative investment round are the strengths of this offering. We recommend replenishing the crypto portfolio with this potentially successful and sought-after coin for the long term.