Airtor ($ator) just came out on Uniswap. Currently has a $15M fully diluted market cap. They are a competitor of Helium from what I can tell to provide a network of wifi nodes that is operated in a peer-to-peer fashion. I really like that concept, Helium were the first, but market adoption is very low unfortunately. I would love nothing more than seeing large telecom down to their knees, especially in country like Canada. They over charge so much for services, and it's essentially a monopoly. So, I'm all in favor of decentralized telecom infrastructure. Given that Helium has a $300M market cap, I think Airtor has a good 10X growth potential if they succeed more than Helium in getting traction.
Economic viability, it's all based on demand for the service, are people willing to pay a monthly subscription to get data plan on wifi, is the coverage good enough and are the prices low enough to compete against existing centralized telecom? If so, then of course I can see constant buying volume from users that trickle in the economy and hopefully makes the node operator earn enough to cover their initial hardware investment. Anyone could potentially earn passive income from setting up a hardware wifi router to cover a zone and earn fees from users.
Tokenomics: very good to see so much token supply dedicated to liquidity. The team doesn't have that much only 10%, and they reward node operator 10% as well. They implemented a tax system that penalize traders/speculators, I like to see that as well as it favors real users. Vesting of the team and node operators is over 2 years, could have been longer, but 2 years is better than other projects.
Here's an excerpt from the white paper that I really like "*Our contract holds 25% of supply to facilitate the post-launch taxation scheme. The end user (buyers and sellers on the automated-market-maker) are not subject to any taxes, but the contract still sells tokens in correlation to a 'hypothetical' sell tax, allowing further raises for the project without hindering trading volume". From what I understand here, is that they keep a portion of their supply to stabilize the price of their token and act as a market maker. They also do not penalize market markers with the tax system. I just hope they align with a good market maker that is not there to destroy their project.
After the initial 2 years, node operator will be incentivize through the revenue they can generate, just like miners in the case of BTC. Let's hope user adoption is large enough to generate a profitable business for node operators, otherwise the same struggle that happened to Helium could happen here as well.
The significant tax system should enable them to build a treasury that allow the project to fight off market manipulators, but it's not explained what they plan to do with that excess tax, so hopefully they don't just pocket it to the founding team.
I think this project is worth a deeper look. Show Less
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