Airwaive project

Data Room – Multicoin

questions from consensus meeting

1) What is Long Range WiFi and can you provide more information?

Long Range WiFi (also referred to as Super WiFi) utilizes WiFi bands such as 2.4 GHz and 5 GHz which are unlicensed frequencies in most of the world. Unlike short range WiFi access points found at home, longer ranges can be achieved with increased power and/or combining technologies also found in 5G such as MIMO and beam forming.  However, unlike 5G, WiFi protocol is used which allows it to be deployed without license permits and has the benefit of working across devices that already support WiFi. Airwaive is utilizing hardware that has already been certified and deployed, and has initially chosen a cost-effective radio that has a range of 0.5 km. In the future it will be possible to support longer ranges.

2) What did Airwaive do prior to the acquisition by JDI?

Airwaive was initially created as a marketplace for wireless operators to find properties (hosts) to deploy networks, working with 150+ wireless operators. JDI recognized the potential to become an operator, utilizing the tools that Airwaive has built for creating optimal wireless networks, to become an operator itself.  These tools, along with 5 million potential host sites that registered with Airwaive to be notified of offers, are being re-purposed with JDI’s hardware and satellite technology to build a decentralized SatFi operator.  Refer to the video below for an example of some of the wireless networking tools in Airwaive that will be available for optimizing SatFi networks.

3) What is the economic model for Airwaive SatFi?

Airwaive is a DePIN project, utilizing a similar model to other projects where  a property owner purchases equipment and creates a local network to earn tokens. In Airwaive’s case, the tokens earned by “hosts” are based on the number of users they connect, the speeds at which they connect, and the reliability of the network. Users purchase and stake tokens to get access to the WiFi network. Pages 12 to 15 of the investor deck summarize the tokenomics. For the detailed tokenomics, we suggest reading the white paper.  A brief summary of the economics:

  • Hosts make CapEx purchase of WiFi radio (<$1,000). Optional satellite receiver ($600) if no fiber backhaul.
  • Hosts have OpEx for satellite service of $120+ per month.  
  • If users purchase tokens at an equivalent of $20/month, a host is breakeven on OpEx at 6 users and breakeven on OpEx and CapEx in two years at 10 users. 

 

4) What is the geographical distribution of hosts that signed up for Airwaive?

Airwaive accumulated 5 million potential host sites, including commercial buildings, residential buildings, towers, utility poles and billboards. Utility poles and commercial buildings account for the majority properties because Airwaive focused on acquiring structures that were ideal for hosting wireless radios (height is often the most important requirement). A heatmap of the distribution is as follows:

5) Who are the existing investors in Airwaive?

Additional Information

Our Project – A SatFi Network

Mission

The Airwaive Project intends to bring affordable, broadband Internet access to many areas of the world that lack this capability. By leveraging satellite technologies to provide Internet backhaul, coupled with long-range WiFi access points at ground locations, high-speed Internet can be shared to make it affordable for all. Furthermore, utilizing DePIN principles allows a network to grow organically and be sustainable with the right token incentives. Github link.

Background

Led by JDI Global, the hardware leader for the Helium IoT network, Airwaive has brought together a team of wireless and satellite experts, along with a marketplace with millions of host locations to serve as WiFi access points. The first city piloting the SatFi network is expected to launch before the end of 2024.

Tokenomics

A summary of the tokenomics are as follows (for details see the white paper):

  • Hosts (property owners) purchase equipment to build local networks
  • Users purchase and stake tokens to get access to local WiFi networks
  • Hosts earn tokens based on the number of users connected and other metrics

Investment Round – Details

Raising USDT $1M 

Raising USDT $1M on a $50M token valuation in what will be the last round before the project’s token generation event (TGE). 

Use of Proceeds

Completion of SatFi hardware and software for the testnet launch in its first city, and subsequent listing of the Airwaive token.

Timing of Token Generation Event

SatFi testnet in one city is expected in Q3 2024. The launch of the token is expected shortly thereafter in the Q3/Q4 timeframe of 2024.

Token Lockup Period

Investor tokens are locked from TGE to 2 years thereafter, unlocking linearly each quarter until TGE+2 years.

Promo Video

Produced by actor, Terrence Howard