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Decentralizing The Internet: How Wayru Is Bringing People Together With Blockchain

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In 2011 the UN released a report declaring the internet a Human Right, but over a decade later millions of people in developing countries still lack the necessary means for a simple WiFi connection, many of which reside in Latin America. This is due to industry control by a few large Internet service providers (IPSs), with a preference to upsell to their established customer base, rather than expanding to untapped regions in which millions of people are in dire need of connectivity.

A Question of Human Rights

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These companies fail to prioritize sufficient connection quality & network coverage to developing nations, with an approach that has led to 37% of the world’s population currently living without the internet. This gap in the market has attracted the attention of a new web3 telecommunications innovator named Wayru, who is spearheading tech advancements that could provide a decentralized solution to a centralized problem.

What was born as an idea to help connect the people of less developed countries may end up being one of the most savvy business ideas of 2022. The market size for the Global Internet Service Providers industry recently surpassed an eye-watering figure of 1 Trillion USD, with demand only set to increase.

The Wayru Mission: Decentralizing the Internet

Wayru is a startup that believes that people’s internet infrastructure should be in their own hands. The Florida-based company is a strong advocate for the internet as a human right and is striving to make this a reality with a pioneering new decentralized network of Hotspots and Genesis hardware devices, that will not only provide internet to millions in undeveloped regions but also reward those who chose to support the network.

Wayru’s mission is to decentralize internet access for a global market and it aims to achieve this by expanding its decentralized network of Hotspots and stimulating the adoption of its Genesis hardware devices on a global scale. Wayru’s goal is to achieve 1,000 fixed broadband clients and 10,000 WiFi users by the end of 2022 but has far more lofty targets in the long term.

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Wayru Founder and CEO Charvel Chedraui stated that:

“Only a few large Telcos manage most of the sector worldwide. It is time to give the power of connectivity and access to information back to the people. We believe that the ownership of Internet infrastructures should be in the hands of as many people as possible.”

Having already received the backing of Industry leaders Borderless and Algorand, Wayru has now developed a unique sharing economy model that has the potential to disrupt the telecommunications industry in underdeveloped nations, and beyond. Creating a viable internet infrastructure is only half the battle though. For Wayru to complete, or even surpass its centralized counterparts, it must offer advancements from both a technological standpoint and an economical one.

For this reason, the Wayru network has been designed to reduce both the time and cost of their broadband deployments, whilst increasing the internet speeds for its WiFi On-the-Go service to meet the needs of homes and businesses. The lower-cost model looks even more attractive as it avoids the trap of pricey, long-winded contracts and setup costs that are familiar to most global broadband users. And the cherry on the top, the first month will be free for early adopters.

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LatAm Becomes an Early Benefactor

Wayru has carefully selected Latin America to launch its network. Less than half the households there have internet access, due to expensive services, poor coverage and unattractive, long-term contracts. Only 56.1% of urban areas have internet access and it’s much worse in rural locations with only a paltry 21.6% of people connected.

The first two cities to reap the benefit of the Hotspot network are Quito and Guayaquil, the two largest and most populated in Ecuador. In these two cities, the effects of the Wayru Hotspots have the highest potential to cause a significantly positive effect on people’s quality of life. This launch is just the first step in the Wayru mission, as the company plans an aggressive expansion off the back of the first wave of adoption.

Wayru Founder and CEO Charvel Chedraui stated that:

“We will deploy the first internet nodes in Latin America. We want to set a standard on how this niche technology works and how others can join our network later.”

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Blockchain Leading the Revolution

Beneath the surface of the revolution is the lifeblood of the project the Wayru Hotspots. Wayru will deploy at least 1,000 Hotspots that use cutting-edge, fiber-quality mesh technologies to comprise a hybrid network across the cities of Quito and Guayaquil.

Wayru has leveraged Algorands blockchain technology to tokenize the Hotspots into groups of 1,000 or more, which are called Hotspot Pools. Anyone who wants to support the network can back the Hotspot pools by purchasing ‘Pool tokens’.

Once Pool tokens have been purchased that person is automatically staked and will start receiving WRU as soon as that pool is active. The number of tokens in the Pool is dependent on its location & number of Hotspots. More growth in an area’s network will result in more token pools available to purchase.

Genesis hardware devices are the second act in the Wayru revolution and hold huge potential for mass adoption. Each device is a universal WiFi hub that can be purchased outright from Wayru and used by individuals, businesses, and communities to share an internet connection and become part of a larger network.

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Getting Back What You Put in

Wayru believes that what you give, comes back to you. That is why the participants’ earnings come from what’s been generated by its users. Anyone who sets up a node shares an existing connection or secures the network staking, will be rewarded in $WRU for their participation, and help solidify internet access as a human right.

Wayru’s unique user-led decentralized model approach will not only facilitate an increased pace of cryptocurrency and blockchain adoption in commerce but will pave the way for much more innovation in the future, triggering an embrace of new technologies industry-wide.

To learn more about how Wayru is leading the mission to create a more connected world visit their main site here.


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Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Animal Farm

Taking Yield Farming To The Next Level With Animal Farm

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Taking Yield Farming To The Next Level With Animal Farm

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As a result of DeFi protocols, access to finance has been democratized, allowing anyone with an Internet connection to gain access to opportunities and services. However, they only gained popularity after the ‘DeFi summer of 2020’ and the yield farming craze that followed.

The concept of yield farming has changed the way people view savings by becoming the standard means of generating passive income in the cryptosphere. Consequently, numerous DeFi protocols have developed their architecture and functionalities around yield farming. However, yield farming has remained virtually unchanged over the years despite its value.

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Introducing Animal Farm

Animal Farm is a DeFi protocol that is modelled after George Orwell’s novel of the same name that criticizes centralized power. Unlike its competitors, it is the first and only decentralized ownership lending and yield aggregation protocol in the DeFi industry.

The platform uses two native tokens, DOGS ($AFD) *live October 18th*, the reward asset, and PIGS ($AFP), the governance token, which represents the platform’s ownership stake.

Dynamic Supply

In contrast to other DeFi platforms, Animal Farm utilizes a dynamic supply control algorithm. By employing this innovative algorithm, the supply of the DOGS ($AFD) token, which will launch on October 18th, and the PIGS token, is determined in a trustless, decentralized manner.

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As a result of the supply control algorithm and tokenomics of DOGS ($AFD) and PIGS ($AFP), the supply is designed to remain stable and even become deflationary during times of low demand, thereby allowing for optimal pricing performance in all market conditions.

$AFP Giveaway – Join the Animal Farm Craze

The Animal Farm team will be conducting a giveaway contest in celebration of the full launch of the protocol on October 18th. After completing a series of tasks, one user will be awarded exactly $5,000 worth of BUSD. In order to avoid adding to the circulating supply of tokens, Animal Farm does not pay for promotion or marketing with native tokens. Therefore, the reward will be in BUSD.

Animal Farm Tokenomics & Reward Model

Launching on October 18th, DOGS ($AFD) has a unique vesting model which does not lock users’ tokens. By instead using a variable tax model, it has created an incentive structure that rewards those who secure profit in the form of BUSD and BNB dividends by staking DOGS ($AFD) instead of selling it on the market.

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Stakers in Animal Farm’s ‘DogPound’ have the tax associated with transacting their DOGS ($AFD) reduced at a rate of 1% daily. This model perfectly aligns incentives for optimal performance. It rewards users for removing AFD tokens from circulation while allowing them to earn as the wealthy do by accumulating assets; this allows them to earn a dividend paid out in BNB.

70% of taxes placed on DOGS ($AFD) token transactions are swapped for BNB and paid out to the ‘DogPound’ loyalty staking contract, allowing DOGS ($AFD) stakers to reduce their DOGS ($AFD) transaction tax while earning a high yield BNB dividend.

30% of taxes on transacted DOGS ($AFD) tokens are swapped for BUSD and paid out to the ‘PigPen’ as a high-yield BUSD dividend. The platform owners receive 75% of the fees generated from deposits and withdrawals in BUSD, which are then distributed as a high-yield dividend to $AFP stakers in the PigPen. 25% of fees generated on the platform from deposits and withdrawal fees are utilized to buy DOGS ($AFD) and add AFD/BUSD liquidity, generating a consistent flow of DOGS ($AFD) buy pressure and locked decentralized liquidity.

Whenever $AFP or $AFD tokens are sold, 3% of the transaction is burned, which removes them from circulation forever, making them deflationary.

Higher Yield Through Lending

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Decentralized lending is achieved by lending collateralised TVL (Total Value Locked) to Pancakeswap, the largest decentralized exchange on Binance Smart Chain (BSC). Thus, Animal Farm offers low-risk yield aggregation compounded on top of yield natively generated by the protocol. Yield generated through lending to Pancakeswap is converted to BUSD and paid out to ‘PigPen’ stakers. The users gain all the benefits of earning yield on Pancakeswap while earning additional cash flow on Animal Farm with improved incentive structures.

Governance

Not only are stakers of the $AFP token earning platform fees and taxes as owners of the platform, but they also have a vote on future roadmap proposals.

Sustainability & Performance

With all of the mechanics detailed above, rewarding users for removing $AFP & $AFD tokens from circulation and paying out a dividend for doing so in the non-native token (BUSD & BNB), and dynamic control of the supply based on underlying demand, Animal Farm and it’s native tokens are designed to be the highest performing yield generating assets ever created.

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Closing Thoughts

Animal Farm is ready to become one of the leaders in the DeFi world. There is an extensive roadmap, which includes already developed products, generous incentives, an appealing referral program, an elegant user interface, a distinctive architecture, and an innovative yield-generating system that performs at all market levels.

To learn more about Animal Farm, how to purchase $AFP now, and prepare for the full launch on October 18th, visit the official website and socials (Twitter, Discord, Youtube).


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Frutti Dino

Frutti Dino’s FDT Token To Be Listed On Huobi Global And Gate․io

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Frutti Dino’s FDT Token To Be Listed On Huobi Global And Gate․io

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Monoverse, a blockchain game developer, announced the simultaneous listing of FDT (Frutti Dino Token), the governance token of its blockchain game Frutti Dino, which will list on global crypto exchanges Huobi Global and Gate.io from October 5th.

Huobi Global and Gate.io announced on September 30th that FDT would be listed, and trade would begin on October 5th. Frutti Dino’s listing on the two exchanges represents an extremely significant step toward international recognition.

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Developed based on BEP-20, FDT (Frutti Dino Token) is the governance token of Frutti Dino, one of the most anticipated NFT Play-to-Earn games of 2023. A lot of effort is being put into preparing for the upcoming launch of Frutti Dino’s main game following the successful completion of its private sales last year and the first and second pre-sales in early 2022.

It is anticipated that Frutti Dino Stories – a social game in the growth simulation genre where users raise Dino characters – will be launched in the fourth quarter of this year. As for Frutti Dino, the main game is expected to launch in the first quarter of 2023. The company is anticipating that the official launching of both games will boost the value of their token.

Frutti Dino Stories features “MAP” (Minting after Play), symbolising the paradigm shift in NFT games. Through MAP, players can acquire ownership of in-game characters they have raised through NFT minting and load them into the main game. As a result, the strategy is expected to attract gamers unfamiliar with P2E games to become naturally connected while introducing them to the blockchain and NFT minting services.

Huobi Global, founded in 2013, is one of the world’s leading digital asset exchanges with offices across the globe. In recent months, Huobi Global has obtained an Innovation License from Dubai International Financial Centre (DIFC), enabling it to offer a full range of cryptocurrency exchange products and services in Dubai. Since its founding in 2013, Gate.io has become one of the most renowned cryptocurrency trading platforms. According to Forbes Advisor, it is ranked among the Best Crypto Exchanges for 2021. Based on global liquidity and trading volume, both exchanges are ranked among the top 10 cryptocurrency exchanges by CoinMarketCap.

Monoverse strongly believes that the initial listings of FDT on Huobi Global and Gate.io will be a substantial leap toward the international cryptocurrency scene for the company.

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Monoverse also mentioned discussing further with other major global exchanges after the initial Huobi Global and Gate.io listings. At the same time, the company is also planning to continue its efforts to secure more global partnerships and additional listings to expand its presence in the industry.

About Frutti Dino

Official Website: https://www.fruttidino.com/

Twitter: https://twitter.com/FruttiDino

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Facebook: https://www.facebook.com/FruttiDino

Social media channels: https://linktr.ee/fruttidino


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Unix Gaming & Delysium Are Decentralising Games In Surprising New Ways

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Unix Gaming & Delysium Are Decentralising Games In Surprising New Ways

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One of the core principles of web3 gaming is the idea of decentralisation–more specifically, decentralised ownership of assets. But, the teams at Unix Gaming & Delysium believe that by limiting decentralisation to assets, developers have also been limiting themselves.

What started as a desire to create a genuinely next-gen open-world title, even attracting investment from companies like Y Combinator, Delysium has expanded beyond its original confines. Instead, the team at Delysium recently announced that their game would be available for multiverse operators to publish under licence in what they’re calling Decentralised Game Publishing. Unix Gaming will be their very first multiverse operator.

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Why Not Just Publish It Themselves?

While the team at Delysium are more than capable of publishing their game, they believe this new approach enables it to evolve beyond even their wildest dreams. The example they give is Rockstar’s Grand Theft Auto V. While no one can argue that GTA V hasn’t been a truly incredible success, even Rockstar couldn’t predict how much it would evolve once put in the hands of gamers.

If you’re not familiar with GTA RP, or GTA Roleplay, it’s what happens when players take to the streets of GTA Online, taking on and acting out the roles assigned to them–be it a by-the-books police officer, innocent shop clerk, or east-side mob boss. Roleplay takes the idea of online second life to a whole new level, and it would have never happened if Rockstar maintained rigid control of the gaming experience.

To unlock the true potential of the world they’ve painstakingly built, the Delysium team hands keys to the castle to operators so they can put their unique twists on the experience–possibly taking it in inventive, exciting new directions. And, as it’s a web3 title, operators can use their token as the currency of the game’s world, adding more utility to their tokens.

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When it came to choosing their first multiverse operator, the choice was an obvious one.

Like Delysium, Unix Gaming Does Web3 Gaming Differently

Unix Gaming has grown from strength to strength, starting as one of the largest play-to-earn guilds after raising $30M in 2021, now serving as the premier partner for many of the industry’s best web3 titles, including Delysium. And as part of its partnership with Delysium, Unix Gaming will collaborate on developing several game modes and play experiences within the first iteration of Delysium–set to launch in 2023.

In a recent blog update, Unix Gaming announced its new focus on empowering web3 developers through its ecosystem–starting with an end-to-end development SDK to a first-of-its-kind web3 gaming platform, OWNED.

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Being Delysium’s first multiverse operator promises incredible new utility for the Unix Gaming token. It’s also an opportunity for its gaming studio, 1MHZ Studios, to flex its development muscles by assisting Delysium in defining this new approach to game publishing.

Both Delysium and Unix Gaming promise new updates soon. As part of their newfound collaboration, they also recently launched limited edition NFT skins providing access to an early version of the game.

The team at Unix Gaming described it as decentralised game testing, as players who purchase these skins provide essential data for refining the game and allow gamers to earn more than they paid for the skins in the first place.


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Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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