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3.2 Outliers (NFT Hotspot Hub)
The Outliers are a digital, NFT representation of the Wicrypt Devices on the blockchain. The Wicrypt devices create hotspots for peer-to-peer internet sharing and IoT connections. Each device’s real-time information and data volume transfer is represented on the Wicrypt blockchain explorer and world map. It creates an open data network of information and data transfer in different parts of the world on the blockchain.
Wicrypt outliers are used for the following purposes:
- Joining Wicrypt as a digital host: digital host is no longer required to buy and set up a node physically but instead cascades that action to Wicrypt Decentralised network. In exchange for acquiring NFT, the host becomes part of a larger network and participates in a global pool of digital host’s profits. Digital hosts have no influence on the bandwidth, uptime and region in which hotspot hubs are being set up. Their NFTs are more a ‘token of participation’ rather than an actual, manageable device.
- Storing hotspot hub metadata - Upon hub purchase (both physical and digital), NFT with hub metadata is minted. That NFT contains multiple information about the hub, including owner’s wallet, date of purchase and essentially - device type and grade.
- Device type tells whether the hub is in physical possession of the host or was it rather minted as a digital token.
- Grade of the device is either ‘basic’ or ‘originals’. Premium device means bigger bonuses and rewards for the device owner, as well as more attractive conditions related to proof of stake requirements (please refer to the next chapter for more details on Proof of stake). Hosts can always decide to upgrade that parameters (i.e. from basic to premium), through burning the previous NFT assigned to the hub and replacing it with newly minted ‘premium’ one.
Wicrypt device hub classification