What is Wayru?
Wayru is a network that offers internet access to the people, by the people.
Wayru is the Internet Service Provider with distributed ownership for the urban developing world. A small investment will get you a piece of the Internet in emerging countries. Our Network will provide reliable, fast, and affordable Internet access to homes, businesses, and people.
What problem are we solving?
We are passionate about technology and telecommunications. We want to create a world that is fair to all, and digital inclusion should be a part of it.
As declared by the United Nations 10 years ago, Internet access is a human right and should be available for everyone.
We are trying to solve the lack of connectivity in emerging countries. We are focused on Latin America to start but we have a global vision.
What is the solution?
The best way to democratize internet service is by taking away from traditional providers what until now has been an absolute dominance over telecommunications infrastructures.
A single company, or even a government, should not assume control and responsibility for the entire telecommunications infrastructure of a country. This places us, as users, at a total disadvantage.
To avoid being at the mercy of the giants that dominate the market, it is necessary that we all take control of this.
We will build a massive Internet network using fiber + wireless mesh fiber-like technologies, to rapidly deploy gigabit networks.
An important part of what makes Wayru an innovative proposition is its distributed ownership model: anyone can buy regions on the network, known as "AirBlocks", which are estimated to have a return on investment of 300% in five years.
The number of AirBlocks that a person can buy is limited so that we do not fall back into the monopolies that plague us so much.
What is a Grid?
The grid is an invisible blanket of Internet coverage over a specific area which is divided into regions called AirBlocks. Our grid will be built over any city in the world using the latest technologies, focusing on delivering the best quality of services for end-users.
What is an AirBlock?
An AirBlock is a representation of a piece of Wayru's Internet network. AirBlocks are issued as smart contracts using Algorand's Blockchain. Owning an AirBlock gives the owner the rights to 10-20% of the revenue generated for 5 years on Wayru’s network for that specific AirBlock.
An AirBlock does not represent a specific geographical location. An AirBlocks is only a piece of a whole.
What is distributed ownership?
A core element of Wayru’s network is distributed ownership. We believe that ownership of the internet should be in the hands of as many people as possible. If the cost of broadband tech drops, then more people can help pay for the cost of the network. And if you're one of the people paying for the distribution, we believe you should get revenue in return.
The Internet grid is divided into regions called AirBlocks, which are smart contracts issued on Algorand's Blockchain. Anyone can buy an AirBlock and earn royalties with a 5-year renewable agreement. We offer a minimum of 150% ROI over the 5-year agreement. Every 5 years owners renew or a new buyer can purchase that available AirBlock. This way we make sure that the network is never owned by a single person or entity and we solve the CAPEX problem that traditional ISPs usually have.
What tech do you use?
We are technology agnostic when it comes to distributing our services.
Today, with a fiber backbone, we deploy a series of the latest radio and wireless mesh antennas to spread the Internet across a certain region.
If the situation comes that we can't reach a client via mesh, we will provide fiber to the home. The goal is to connect as many people as possible as fast as we can.
What is a mesh network?
A wireless mesh network is a communications network made up of radio nodes organized in a mesh topology. It can also be a form of wireless ad hoc network. A mesh refers to rich interconnection among devices or nodes. Wireless mesh networks often consist of mesh clients, mesh routers, and gateways.
Wireless mesh networks, an emerging technology, may bring the dream of a seamlessly connected world into reality.
Wireless mesh networks can easily, effectively, and wirelessly connect entire cities using inexpensive, existing technology. Traditional networks rely on a small number of wired access points or wireless hotspots to connect users. In a wireless mesh network, the network connection is spread out among dozens or even hundreds of wireless mesh nodes that "talk" to each other to share the network connection across a large area.
Mesh nodes are small radio transmitters that function in the same way as a wireless router. Nodes use the common WiFi standards known as 802.11a, b, and to communicate wirelessly with users, and, more importantly, with each other.
Nodes are programmed with software that tells them how to interact within the larger network. Information travels across the network from point A to point B by hopping wirelessly from one mesh node to the next. The nodes automatically choose the quickest and safest path in a process known as dynamic routing.
Are there any regulations on Wi-Fi usage?
We take regulations very seriously, but to our luck, the spectrum Wi-Fi runs on is not regulated. The mesh network technologies we use are all in different types of Wi-Fi frequencies, all of them in a non-regulated spectrum.
What are the differences with a traditional provider?
To begin we are a startup, it is in our DNA to move fast and solve problems for breakfast. We will continue to have a startup structure thus innovating fast to better serve our customers.
We are the first and only ISP with a distributed ownership model in Latam.
We are the first and only ISP to bring the front desk 100% to the cloud to reduce costs and offer 24/7 service.
We operate in a non-licensed spectrum that allows us to reduce costs and time up to 10 times over the competition and quickly deploy gigabit networks.
Our internet services will be 100% prepaid, meaning non-bankarized people can still access the service and we don’t have long-term contracts that you can’t easily get out of and only create debt.
What types of services will Wayru offer?
Our main focus will be to connect people to the Internet. We will offer fixed Internet services for homes and businesses as well as Wi-Fi On-The-Go access.
How much does an AirBlock cost?
The base price of an AirBlock is $50.
Why does the AirBlock price increase?
The AirBlock price does not increase, it starts with a discount which happens so that people who buy first get more benefits than people who buy later. The original price is $50.
What is the security when investing in AirBlocks?
There is nothing safer than investing in service with such growing demand. The internet today has become a basic necessity.
If we do not reach the goal in a specific city, we give AirBlockers the option to place their investment in a city that is closer to completing its goal or is already up and running.
If in the end, you decide to pull out your money because the network in the city you wanted to support was not built, and you also do not want to move your investment to another city, we offer to give back your money, minus any expenses made towards that specific goal of building a network in the city offered.
Those expenses could be anywhere from 25-30% of the AirBlock cost, which includes people's salaries, marketing communications, transactions costs, and planning.
Why should I buy an AirBlock?
By buying an AirBlock you are taking part in an unprecedented social change while making money. It is a perfect combination where you can not only satisfy your desire to change the world but at the same time, you are part of something innovative that generates passive income.
Are there discounts for buying a large quantity of AirBlocks?
Yes, the more AirBlocks you buy, the better your costs. You can receive up to a 20% discount if you buy 1,000+ AirBlocks.
What are the payout projections?
Wayru will be as transparent as possible about revenue with its AirBlockers. The fact that we offer up to 150% return on investment at a regular price ($ 50 / AirBlock) is public, that is, if you acquire an AirBlock you could expect a return of up to $ 125 in the 5 years that the agreement lasts. This profit could be more and it will depend directly on the number of users we have on the network. The more people we connect to the Internet, the more AirBlockers earn.
Where can I buy an AirBlock?
You can buy AirBlocks directly on our website. You create an account and you can enter your dashboard to make the purchase.
How do I buy an AirBlock?
Create an Account.
Go to your Dashboard.
Choose the option “Get AirBlocks”.
Choose the amount of AirBlocks that you want
Choose the payen method.
That’s it, you are now an Airblocker.
Does AirBlocks have an expiration date?
AirBlocks do not expire, they are eternal, but your ownership of an AirBlock does expire. Every 5 years you must renew your ownership of the AirBlock.
What happens after 5 years with an AirBlock?
The owner renews the temporary ownership or someone else can buy that available AirBlock.
What is the payment distribution system?
Wayru’s Distribution system will be available equally in every area covered. This means that there is no better AirBlock, all of the AirBlocks are worth the same and will have the same payouts. We believe that this model will generate a real distribution of earnings.
When do payments to AirBlockers start?
AirBlockers start to accumulate profits from day one that we officially launch the network for public use. Payments are annual on accumulated earnings.
How many AirBlocks are available in each city?
That will depend on the city. In each city the number of AirBlocks will vary, AirBlock’s prices will vary, and AirBlock earnings will vary. These variations depend on city size, number of inhabitants, density, current Internet service coverage and more.
What percentage of AirBlocks must be sold to start building the network?
Our goal is to install as soon as possible and help everyone connect to the Internet. At least 10% of the total AirBlocks must be sold.
How long does it take to set up a network in a city?
It depends on the city, but it took us approximately 6 months to raise funds with the sale of AirBlocks and when we reached the breakeven point to be able to set up an initial infrastructure, we started with the facilities.
The minimum facilities necessary to be able to offer services to the first clients may take a minimum of 3 months, and a maximum of 12 months depending on permits, topography, availability of equipment, etc.
Do I have to pay taxes on my royalties?
Depending on the country you are in, you should consult an accountant about the taxes to be declared for your royalties.
Can I sell my AirBlocks?
In the future, AirBlockers will be able to sell their AirBlocks to other users, but for now, we don’t have that option available.
What is Algorand?
Algorand is a blockchain-based cryptocurrency platform that aims to be secure, scalable, and decentralized. The Algorand platform supports smart contract functionality, and its consensus algorithm is based on proof-of-stake principles and a Byzantine Agreement protocol. Algorand's native cryptocurrency is called Algo.
Algorand aims to solve the trilemma of blockchain technology, providing decentralization, scalability and security in its network, simplifying the development process and providing a fertile ecosystem to create the future of decentralized systems, we see in Algorand as a perfect space for the creation of the Wayru Network.
Algorand created the world’s first pure proof-of-stake foundational blockchain designed for the future of finance. Beyond the elementary requirement of an open, public network, Algorand’s technology enables a set of high performing Layer-1 blockchains that provide security, scalability, complete transaction finality, built in privacy, Co-Chains, and advanced smart contracts that are essential in a FutureFi world.