Alpha Release Notes, Funding and more
From 2010 I made some brave predictions about the future of digital communications and I'm here to tell you how that's worked out.
My Claim
I claimed Internet access, must (and will) become a free and inherent right for everyone. This became our charter from 2011. And in 2012, I flew to a world summit and presented this future vision to the United Nations' (International Telecommunications Union). It has since been adopted by Mark Zuckerberg and even Tim Bernes-Lee (the founder of the Internet itself), who've both launched similar initiatives to investigate this opportunity with their own approaches.
- I claimed I would be able to develop a technology platform which would be capable of fulfilling this charter. Development began in 2011.
- I claimed the world would begin demanding such a solution from as early 2015.
- I claimed our technology platform would be ready and able to fulfil this market need.
- I claimed internet as a free an inherent right would make cyberspace a new, alternative social framework and our economic model would evolve accordingly. And the abandonment of the old model and revolution to the new would happen extremely quickly. Weeks or even days.
I saw and a huge market opportunity back then and we all backed this vision of mine with our hard earned cash. It's been a challenging journey which has been riddled with intellectual,philosophical, political and technological obstacles and paradoxes. But we found a way through the maze and here's what's happened since.
Our Approach
- A pioneering new billing model for network operators and Internet Service Providers (ISP's)enabling them to monetise their networks, without billing the end-users.
- Value added service to the financiers of this revised billing model e.g. advertisers who fund this platform would need a strong reason to switch from other forms of advertising, especially and including Internet advertising.
- A solution which is able to resonate with trends (and protect itself from risks pertaining to)environmental, political and economical changes (from 2015 onwards). This will ensure continuous growth, prosperity and sustainability of the platform and will make the early investment of energy, time and funds worthwhile. This solution would need to compliment the shift to a knowledge/resource based economy, the freeman movement, virtual currency, decentralisation, social,mobile, local and innovations in augmented reality devices. Protection from environmental risk is important if free Internet access is to become an inalienable right of everyone by 2020.
- To make a platform which is more than just basic ads-for-access, as suggested by this projects honorary adviser, Sir Michael Moritz. In consideration of the above the result is a pioneering new approach to applications which extends to advertisers and compliments the need of all other point of our approach.
- Operate as a private trust under common law jurisdiction. This prevents us from enjoying many many benefits that a legal entity operating under regulatory statutes would, but we have waived those benefits to provide a bigger one and serve a greater good: to offer users of our technology digital communications as a free internet and inherent right. As we shift to a new economic model as a consequence of free internet becoming a human right, convention becomes a hindrance. This is based on our theory that Governance will shifts from being a centralised point of control to being de-centralised and embedded into internet access points.
Our Solution
- A simple service enabling you to switch to 'free Internet'. Simple to understand and operate. Visitors to our website (1) sign in, (2) select their Internet service provider and (3) run our automated wizard (which upgrades the firmware of their broadband/ Wi-Fi router).
- Behind the scenes there is a huge amount of complexity, both technically and philosophically. Our decentralised platform is open-source (allowing anyone to re-host the service and collaborate on development for accelerated growth). With no centralised point of control it's effectively impossible to shut down, which ensures it remains an inalienable human right. The University of Nottingham also discovered that such a software solution could be made into a contagious WiFi virus which can spread across WiFi routers in the same way a virus would spread from host to host.Since the platform contains applications for the shift toward a new,knowledge-based economic model, this revolution could happen more quickly and painlessly with Wave. This is further assured when you consider the traction such a technology would have when such a capable existing infrastructure already exists e.g. One of the most successful applications ever is a game called Angry Birds which gained 50 million users in 35 days. So if a viral software patch for WiFi routers existed (and were deployed) by way of a self-service installation (or spread by contagiously infecting WiFi routers, spreading in away which seems to be artificially intelligent), it would materialise the long awaited concept of 'mesh networking'. The other way to ensure free Internet remains an inalienable inherent right (and truly democratic) would be to ensure users remain anonymous. Thanks to the power of virtual currency this is all possible with Wave.
- The virtual currency aspect of this project has become so significant it's now very much a part of the foundation of this pioneering platform. There is an area of virtual currency emerging called scripting which intrigues us. It was only a concept when it was included in the design but thanks to a new US tech start up, it's now reality. This capability effectively allows money to be programmed. In the case of Wave,revenue from digital advertisers are passed to networks (and Internet service providers) in order to compensate them for providing our users with free Internet access. This is complex to manage with ledgers and banking and bookkeeping. With virtual currency the reward can be optimised and automated for efficiency which makes this model feasible. The platform will also become flooded with advertisers and the (already) premium ad inventory will become more scares. The cost of supplying data services to end-users will also continually reduce and soon a crescendo will be reached whereby the reducing costs of data (and the increasing ad revenue growth) take the model from feasible to lucrative. Included in this is the possibility of using end-users devices and their processing power to mine for virtual currencies.This has been explored and would accelerate the crescendo, the feasibility of this model and it's prosperity. One of the final benefits of the automation is the payouts. Shareholders will be able to trade shares via the platform and instead of waiting quarterly for net profits they can be credited to the shareholders virtual currency wallet in real time. Investment rounds can be managed in house without using any form of crowd funding service of securities exchange. Using exchange services such as Kraken.com, virtual currency can be reverted back to real-world money with ease. Wave also offers shareholders a means of converting virtual currency to equity and vice versa in the same way Kraken offers cash to virtual currency exchange. In the future Wave will be able to incorporate the benefits of Kraken using API's to give investors a one-stop-shop to converting equity to cash and vice versa.
Features/ Benefits/ User Types
· Free Internet Users - Simple to operate, as easy as 1-2-3 to get started. New type of browsing experience where apps are accessible via the web browser and chat which you surf. Default apps include a phone(providing free international calls). New ad experience.
· Digital Advertisers - A pioneering new approach to advertising where ads rescale to fit any device. They do not lose any quality at any size thanks to Scalable vector Graphics (SVG). The loading time,animation and interactivity capabilities outperform any canvas/image type ads.And there is no need to create multiple ads for multiple devices, it's one for all making the development of rich-media ads more like app development.
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Public/PrivateWiFi Networks - A self-service, simple to deploy, monetised, free Internet solution. This is the solution these networks have been dreaming of. One control panel to access their funds and gather analytics as well as an integrated ad platform for target demographics of footfall at their venues.
· Internet Service Provides - hundreds of thousands of people are pre-registering for this free Internet service. It only takes one Internet service provider to see the opportunity and join. Once verified their firm will appear in the list of Internet service providers for everyone to select. Those who are pre-registered for this free Internet solution (but do not see their Internet service provider listed) may consider switching Internet service providers. This service brings the ISP's many new customers. ISP's will have revenues generated from Wave users connected to their network, whether it be in their homes or at other locations. Rich analytics about users give ISP's a new paradigm of information about their customers. In the same way advertisers bid for business so too will Internet Service Provide compete on this platform for customers. The better quality of service they are able offer,at the lowest rate, will get these ISP's the most customers and the most acceleration in growth of their infrastructure and global reach. The traction of growth is no longer determined by the billing barrier. If the ISP is the best and most trusted, they can quiet deceivingly and quiet quickly, dominate the marketplace with very little friction.
· App developers - App developers can deploy apps which are one for all. There is no longer a need to create an app for each of the app stores. Ads are also managed so monetisation of an app is built in.Submission is easy and cheap at only £1 per app. Analytics are rich and API's are coming for access to the users social profiles and virtual currency service. Apps can have their own API's allowing cross app API to exists. For example with the users contacts and the data's connection to the phone app, the social profile and the messaging.
Volunteers/ Students - Wave is a cause in humanitarianism, to liberate people, to make their lives better, to create equality, to cause transparent. Free internet access is all this and more.Volunteers are welcome to join this venture and get access to some of the areas and tools our development (and business) team use. There are opportunities in PR, development, management. Volunteers may find themselves employed/contracted by Wave once their value and contribution is evident and trusted. Volunteers will have basic access to our WiKi and CMS.
· Business Team - Our business team hold office based on votes and endorsements of the business team and wider community. All the tools needed to operate Wave are accessible to each team member, including CRM, CMS, WIKI, CODE, etc
· IntegrationAlliance Partners -Integration Alliance partnership opportunities exist when we brave into new waters and need local knowledge and expertise to help us succeed. Integration Alliance Partners do pay a membership which is subsequently converted into equity. As the value of the platform grows through these partnerships the equity they are rewarded with at the beginning of the membership term grows in proportion to the value they bring.
· Investors - This is one of the most exciting platforms to invest in. Wave Telecom is pioneering what it means to be an investor. Firstly, you are a beneficiary of a trust not a shareholder in a company. You receive real-time royalties not quarterly/annually dividends. It's all managed in virtual currency so there is complete anonymity when shifting from one financial instrument to the next. Shares in Wave can be bought from us directly as part of our funding round. This option uses a merchant account to mediate your transaction so you are protected should any issues arise. We also take your email address and keep you right in the loop about all the happenings. Or you can trade directly with other shareholders using our day book where buyers and sellers give notice of their intent to trade and the quantity and price they are selling/buying. These deal are private between the two parties but on confirmation of each trade (from the block chain) the register will update accordingly. Banks and solicitors accept Wave as a form of collateral. Within your investor account you can generate a shareholders certificate which takes a snapshot of the performance of your stock and puts it into a certificate of estate you can show other parties when needing to prove you have collateral. We foresee this becoming more and more recognised, giving you the ability to use Wave as a frequent reward, high interest, virtual currency bank account. Obviously the earlier you invest in Wave the better.
Performance
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There's been many twists and turns but as you can see from the above and the website we have something beautiful emerging from the chaos of code, r&d and much trial and error.
- The funding has been volatile. Some months there is no funding for this project and the development team and I work on credit terms. But we believe in this technology even when others don't so it's continued to materialise. Subsequently there has been over £400,000 invested since 2010, but the estimated value is currently £3,500,000.
- Between Seed funding and trading withthis technology we have struggled with funding. But since we'reincorporating our own virtual currency, crowd funding-securities exchange into this platform, we believe that this project will soon get the support it deserveswithout any bureaucracy hindering the investment phase.
- The team has changed quarter to quarter with only one or two full time employment roles in operation at any one time. But there are consistent, loyal and focused people emerging and they are being rewarded for this. As to our the investors who's stayed loyal to this venture.
- We have taken longer than planned to get integration alliance partners and begin trading with the technology, but the changes we made that caused this were necessary to the overall product.
- Complete functionality of the entire model so that a proof on concept is there and easy to demonstrate. By the end of April 2014 investors will have the opportunity to have the first go of our Alpha release and it's features.
- We will stop the start up investment round from 1st April 2014. We will inject all of the capital we have (£15k -/+20%) into online advertising to help stimulate the viral marketing of Wave.Pre-registrations are our method of measuring traction and estimating the potential of Wave. I will then re-distribute the 11.43% equity of the investment round to all of the shareholders.
- In May we will have enough traction and pre-registrations to set the valuation for the Series A investment round. I estimate this will be in the region of £10million. We will then be asking for£1.5m of investment (on our own virtual currency securities exchange) for 8-15%of the business. I do not bend to the will of the support I receive. So regardless of funding, investments or belief in what I'm doing with Wave (or how I'm pricing this) it is what I am saying. It should be evident to those who've supported my early claims that what I say happens because this is an industry I know very well.
WHAT I NEED FROM YOU!
- If you've paid attention on what I'm saying in my last point, it's evident that anyoneinvesting in the next 10 days stands to benefit a great deal. So spread the word about the investment opportunity and if you can, pick up some more equity yourself. This is the last opportunity to invest before we begin releasing royalties to shareholders. So the more equity you have the more royalties you'll receive.
- Your virtual currency wallet addresses can be found on the below register: DO NOT LOOSE IT! This is the account your royalties will be paid into, in real-time. Please contact me to arrange your access to this virtual currency wallet. More information about trading equity, releasing equity etc can be found by visiting our Investors Area.
- Please also visit your Angel.co profile and changed your name to your bitcoin address. When all inventors have done this we will draw serious attention to Wave.
I can be reached on email if you wish to discuss any of the above: hywel@surfonwave.com (my old addresses remain effective, this is now my primary one)
Title | Certificate ID | Total Hold | ||||||
| Cliff (mth) | Vesting (mth) | Start | Holding | Shares | Value (BTC) | Value (£) | ||
| StartUp Funding Round | 11.43% | 114,286 | 1056.212 | 401,952 | ||||
| 1K2Lu9ZaCzMskwRVgiZL2yMPUuvzFSgbHx | 999,953 | 0.17% | 1,725 | 15.939 | 6,066 | |||
| 1MAy5dStCuSoweSMirH4zkABNiUB9h7Ckz | 999,989 | 0.08% | 772 | 7.130 | 2,714 | |||
| 17yCUg7iUr7m6iva5cYXuZY57NtHdcgQQ8 | 999,949 | 12 | 36 | 11/1/2013 | 3.04% | 30,408 | 281.026 | 106,947 |
| 13KskCnyaNnDqszkQsz6pLQxsgBS7cPhFA | 999,969 | 0.17% | 1,670 | 15.437 | 5,875 | |||
| 1E3HXfLYCYXtPbdFEbkdZMAqq38L7xXpp3 | 999,991 | 3.93% | 39,331 | 363.493 | 138,331 | |||
| 1JkNHpVjFThQWCvziK9ac7onPf2wG1HTbT | 999,965 | 0.10% | 1,029 | 9.507 | 3,618 | |||
| 182Uk92AN84boiKQLNwj3XX9EzUUhPe8Jv | 999,952 | 0.15% | 1,535 | 14.189 | 5,400 | |||
| 1HJRJu4g9t8UDK8XdsZyxs6aH9fkgDSPqv | 999,998 | 3.97% | 39,716 | 367.046 | 139,683 | |||
| 1KbFYpCYQUBJmGdFqWAJMLkAZHpmTHqtK8 | 999,959 | 0.08% | 772 | 7.130 | 2,714 | |||
| 1AD7uZobAS37R2iM6Cr9gAPAvY4tRSXg62 | 999,981 | 6.58% | 65,809 | 608.195 | 231,455 | |||
| 1FVjQu45U6gaJDJ1NXxqWDZb8J2FN3Ft3m | 999,980 | 0.99% | 9,897 | 91.471 | 34,810 | |||
| 13LKnaa5Mtws1y3weiQTqHqN8DmDZYBmGk | 999,968 | 1.32% | 13,229 | 122.259 | 46,527 | |||
| 1DbwuCLu9jE9CkNzckMMc9jHVhzTKaeVLw | 999,977 | 0.24% | 2,442 | 22.567 | 8,588 | |||
| 19JYikZKRDrhPRokVAjQWc7itw9vGSGUCM | 999,996 | 4.52% | 45,179 | 417.535 | 158,897 | |||
| 19ndjusPXZZyCALdX4crguMBjPUQ7Q1vSz | 999,983 | 0.80% | 7,969 | 73.644 | 28,026 | |||
| 1MzY5HoZmQLkyZZU9MAWbQ3js4g57juJ8M | 999,986 | 0.18% | 1,799 | 16.625 | 6,327 | |||
| 171h77wNaEyNiC1ddd8hHg4So3xahEW8vz | 999,974 | 0.15% | 1,542 | 14.249 | 5,422 | |||
| 13mbEhMeRn2srsgGirWSmmiVc4h9o1kYjs | 999,994 | 5.84% | 58,354 | 539.304 | 205,237 | |||
| 16B5a58cBkrUHpZjWahQ4b5nvom7Nv78jF | 999,972 | 0.15% | 1,542 | 14.249 | 5,422 | |||
| 1LNvhRJbff4LSD1SJMTEhMvM6H27gYtBuZ | 999,967 | 1.26% | 12,631 | 116.733 | 44,424 | |||
| 1Ge9bCS4MfiZinWUm6C1iwYTNJgYQf2GbR | 999,973 | 0.23% | 2,313 | 21.379 | 8,136 | |||
| 19LEceZqw9YTZR1WVMZRK8LQKmcesDCAZu | 999,979 | 0.26% | 2,560 | 23.658 | 9,003 | |||
| 1KHtyDeVMQiiH7adracuVRzxzhXmXkXW2H | 999,960 | 0.08% | 772 | 7.130 | 2,714 | |||
| 1BCrS9uzqF6eYiPXM6HF96beSQ4Fbzx9do | 999,990 | 0.18% | 1,799 | 16.625 | 6,327 | |||
| 1AjzUsMeYpbT5nwT9hwrX13uw61FbUbBh9 | 999,992 | 0.32% | 3,213 | 29.698 | 11,302 | |||
| 1Fe36EyhC6FstNPQyr8fx3tdiQgsgH9XcF | 999,970 | 0.32% | 3,213 | 29.698 | 11,302 | |||
| 1LzrAZXjT2MtLthWRD4jxfDWstpLRDZuZ5 | 999,958 | 0.58% | 5,793 | 53.540 | 20,375 | |||
| 17JyGdWqTsSf26NwYdATd7HKSmVfKTLTF8 | 999,951 | 0.21% | 2,057 | 19.015 | 7,236 | |||
| 1C7BvskqgofkY2DyiaoCVj5iT3PmRTwX51 | 999,988 | 0.40% | 3,984 | 36.816 | 14,011 | |||
| 13BgqFBa4EMVWfypRi9mxj9Q8XakZ58rLt | 999,956 | 0.01% | 129 | 1.188 | 452 | |||
| 1DCiLkKscndqNtwzn9ZkwzRUG7TqUkRcR1 | 999,993 | 0.64% | 6,427 | 59.396 | 22,604 | |||
| 1A5hJ9F1XwZaf5wAqXGUmRdgCK8FuBUxgb | 999,999 | 0.15% | 1,542 | 14.249 | 5,422 | |||
| 13fecuYUTKvrJvceytAeAi1xQdZV7CNdF1 | 999,997 | 3.97% | 39,716 | 367.046 | 139,683 | |||
| 1B8eAyCJEBDUppxzFAeB8XTA3ntUWzGFzi | 999,985 | 6.58% | 65,809 | 608.195 | 231,455 | |||
| 1AAcJf9bHZzDCBcpKDbn9xbKtU9mshtFnB | 999,971 | 0.08% | 772 | 7.130 | 2,714 | |||
| 194G1iWEM6Y1oZaJ6PeHz5JgNDe1v8NKwR | 999,955 | 0.01% | 129 | 1.188 | 452 | |||
| 1296iLamt62PZ2EE62voxEVkSadAdPj14V | 999,987 | 2.61% | 26,092 | 241.136 | 91,767 | |||
| 18brQY1F4Bjc9SVTLpVAWA9k6ZXjFZ2uZN | 999,964 | 0.40% | 3,977 | 36.755 | 13,987 | |||
| 18turovRsXz3E6CohrTSmweMNUZQ3UEHXv | 999,957 | 0.12% | 1,152 | 10.647 | 4,052 | |||
| 1GCExgWndFGV6aZTcSC2XFCJzbr3m21JxJ | 999,995 | 0.15% | 1,542 | 14.249 | 5,422 | |||
| 1Kztm9vprGTdJQ9hMa5PRfhNfEZvNQxL1c | 999,961 | 0.10% | 1,029 | 9.507 | 3,618 | |||
| 1D7d1PEcAytWofp6KkTSqaJasfgvYZbAoE | 999,975 | 0.08% | 772 | 7.130 | 2,714 | |||
| 1Q7GX8S75a6m4WB7F5fSHP8XxCH8YVbn5E | 999,984 | 0.80% | 7,969 | 73.644 | 28,026 | |||
| 1EPAyFv75fUKaSQiNxMNAtaR6tBo6AZDKU | 1,000,000 | 30.73% | 307,328 | 2840.280 | 1,080,897 | |||
| 1G1UWeViCkKrdr9Xz8CPcvBuo7WrRq7Rb | 999,966 | 0.01% | 129 | 1.188 | 452 | |||
| 15porG3wmK6zVkVnGj1ETMADnekq9k9Sat | 999,978 | 0.32% | 3,213 | 29.698 | 11,302 | |||
| 1AD1epYoJ62CgJRysY7FU9LF3AkVsTDnMi | 999,976 | 0.15% | 1,542 | 14.249 | 5,422 | |||
| 1DBZf1q22vjLoGXDxLp59sSaDCkYHv7z8T | 999,963 | 0.14% | 1,392 | 12.864 | 4,896 | |||
| 14K6gsziXtbgqyAnSs2KVZNJN82qPxtpGe | 999,960 | 0.14% | 1,392 | 12.864 | 4,896 | |||
| 1AbRoRGZK2WahnsX6VyjV1mraABggSb8z9 | 999,982 | 5.06% | 50,612 | 467.751 | 178,007 | |||
| Totals | 100.00% | 1,000,000.000 | 9241.856 | 3,517,080.72 | ||||
Example Shares Certificate
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