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OWNii Coin (LiFi Cryptocurrency) Updates And Highlights From A Recent OWNii Twitter Space Podcast
The CEO of the OWNii Token, Mr Ken Peterson, conducted an AMA (Ask Me Anything) twitter podcast on Sunday 23rd October 2022. Prior to this, questions were sent to the OWNii team and Mr Ken went through the questions during the podcast. Roger Williams, CEO of Mobile Blockchain Solutions was also in attendance. During the podcast, Mr Ken Peterson released some interesting updates about the OWNii coin while going through the questions.
Below are some of the Podcast conversations about OWNii and LiFi. Some of the conversations have been edited by Chuks from LiFi Tech News::
Roger Williams: “Hi, I'm Roger Williams, and I am the CEO, and founder of mobile blockchain solutions. Currently, we are partnered with Mr. Ken Peterson to help deliver the OWNii token as right now we are in a rebuilding mode, we decided that having this on board would be a different situation and just a better situation for our users to get a supreme experience. And so, what Mr Ken wanted to do was to rebrand the token and, and make sure that all the components of his vision for OWNii would bring to the community and LiFi, and be able to live by the world. So, that's why we were brought in to help rebrand and help get the token offering service going in. Right now, we're currently in the process of getting ready for private sale, and the launch of the token.”
Mr Ken Peterson: “Okay, I appreciate that. Quick summary, guys, he does a lot more than that. But that's kind of like the elevator speech. And I appreciate him, kind of letting you know, the more technical stuff, you probably wouldn't be able to grasp it because it's our back office stuff. But at the end of the day, he is the person and his group has got to be responsible for the launch, which we're pretty close to doing. But they had to come in and fix some things. So, I'm just going to go over the questions right now I'm gonna jump into it. The way we're going to do it here is that I'm going to read all the questions that were sent to me, given by the person's first name, and then I'm gonna give the answer to that question. And then the last portion of it is going to be a summary as to what we're going to do next.”
Mr Ken Peterson: “Next Question. How many companies or households have been using this technology successfully? The answer to that is, right now, LiFi is in beta testing mode. A lot of companies are developing end-user products for the technology as soon as LiFi is available. That's why we have developed the coin because the coin will actually help us with the infrastructure and the LiFi equipment.”
“LiFi is faster than WiFi because LiFi uses light to transmit data, as opposed to WiFi using radio waves. LiFi is also more secure and does not allow the information to be hacked. Because light doesn't travel through walls.”
Mr Ken Peterson: “A fourth question was, what do you expect your first year earnings to look like, for selling this technology? This young lady must be a salesperson because she's dead on the sales portion of it. My answer to that is first LiFi city said is expected to generate sales of $15 million the first year, but the coin is not figured into that equation.”
Mr Ken Peterson: “Next question, what makes this coin different from the others? Okay, here we go. This is an asset-backed with technology coin just designed to create revenue through internet service providers. We are an Internet service provider. And we are licenced in all 50 states. Because the coin raises funds for the infrastructure. Each time, we installed into a new area, we raised the value of the coin. And because some of the funds goes back into the coin, the value goes up. And that's just a layman's explanation. But, you guys will get more information on this when we're ready to go public.”
“The next question is, when will the coin go public? Okay, this coin will go public very soon. The issue has always been the installation of the LiFi internet. We want to actually install in our first city, and our first city is scheduled to launch here in the United States real soon.”
Mr Ken Peterson: “What is the current value of the coin? Right now, the coin is valued at 25 cents, and it's being offered to our seasoned people for 50 cents on a website that is entitled private.ownii.net.”
Mr Ken Peterson: “How soon will the investment reimbursement take place? My answer is I can tell by your statement, you are frustrated, which is the reason for this podcast. I feel that because of time restraints, to have a live broadcast would get too lengthy. And I want to answer everybody's questions with complete transparency, and not have a back-and-forth for obvious reasons. The time is not productive, and would not be fair to the other people on this podcast for them to hear this sort of bickering when I want to share good and positive news.”
“This is not your typical coin. There are more than 8000 coins on the exchange and none of them have the capability that OWNii has. We have a utility coin that would generate revenue with the new LiFi Internet, and that's the direction that we have always been.”
“If you're unhappy with what you did, with your purchases, all you have to do is request your money back. And I will return it to you.”
Mr Ken Peterson: “I'm interested in knowing how LiFi technology can be useful in green and sustainability, health. And, well, smart homes. Great question. LiFi is the internet through light. Light is safe and secure and green because it transmits data at the speed of light. The Smart Green City needs to operate at that speed and WiFi will not sustain the bandwidth to accomplish the goal. 5G has already been identified as unhealthy, and LiFi operates at 4G.”
Roger Williams: “We've launched the new ownii.net website. We're also in preparation for the private sale which will be happening between now and the end of the year. There will be a communication email coming that will let you know when we will launch the actual private sale. And then we're going to go to presale, next. And then after presale, we will go public and then we'll be on a big exchange. So, right between now and the end of the year, the private sale will actually be started.”
Roger Williams: “So, the new OWNii website is up any information on what is going to be happening, you'll be able to get an update on the email. If there's any issues, you can hit the contact section on the OWNii website. And we will have a message and we'll respond back as well from there. So, once we launched the actual tokens, they'll go straight into your trust wallet, and we'll be able to send them there. So, we're going to set the blockchain team is working on getting all that stuff together and organising it and we're also going to be working on helping Mr. Ken on getting out better communications.”
Mr Ken Peterson: “Last question is when is the release date for the coin? And the answer is the release date is pending on the release date of the first LiFi city. And that is something that we're going to publicise the LiFi city release date here real soon. Like I said, we just don't want to step ahead of the contract that we have on that, because this is a huge opportunity, guys, we got three cities that we're getting ready to launch. And we want don't really want to put the information out there too eagerly.”
Podcast Recording
You can also listen to the podcast in full on the following link:
https://twitter.com/OwniiToken/status/1584226947759976448?cxt=HHwWgMCtjf6Ap_wrAAAA
OWNii Coin
OWNii stands for Optical Wireless Network Internet Infrastructure. OWNii Coin is developed to oversee, develop, and design the physical infrastructure necessary to implement LiFi in the United States and other nations on a global scale.
OWNii creates wireless communication that is faster, addresses issues with internet security, and allows localisation due to the small coverage area of LiFi access points used for precise asset tracking. Furthermore, providing ubiquitous high-speed wireless access that offers substantially greater data density (data rate per unit area) than RF through high bandwidth reuse.
The OWNii Ecosystem is well-positioned to achieve that, and in the process of its overall development plans, achieve the very much-needed balance between the demand for speed, capacity, data throughput, security, sustainability and growth-related issues.
Highlights from the Podcast
We picked a few highlights of the recent OWNii Token Twitter Podcast:
1) The OWNii coin is an asset-backed with technology coin designed to create a revenue through internet service providers.
2) The redesign of the OWNii website is completed. The website address is ownii.net
3) The OWNii team will make an announcement of the release date of the first LiFi city in the United States very soon.
4) The OWNii private sale for the public will be announced soon.
5) The public launch of the OWNii coin will go ahead sometime after the implementation of the first LiFi city.
6) For those who have already invested in the coin and would like a refund of their investment, they can contact Mr Ken and the OWNii team.
Li-Fi Conference 2022
The Li-Fi Conference 2022 Edition was a great success. Li Fi Tech News will very soon write articles on the topics treated at the Conference.
What is LiFi?
LiFi, also known as "Light Fidelity" is a wireless optical networking technology, which uses light-emitting diodes (LEDs) to transmit data. In 2011, professor Harald Haas made a LiFi demonstration at the TED (Technology, Entertainment, Design) Global Talk on Visible Light Communication (VLC).
VLC uses light as a medium to deliver high-speed communication like Wi-Fi and complies with the IEEE standard IEEE 802.15.7. The IEEE 802.15.7 is a high-speed, bidirectional, and fully networked wireless communication technology-based standard similar to Wi-Fi's IEEE 802.11.
How does LiFi work?
LiFi is a high speed, bidirectional, and fully networked wireless communication of data using light. LiFi constitutes of several light bulbs that form a wireless network.
When an electrical current goes through to a LED light bulb, a stream of light (photons) emits from the lamp. LED bulbs are semiconductor devices, which means that the brightness of the light flowing through them can change at extremely high speeds. The signal is sent by modulating the light at different rates. The signal can then be received by a detector that interprets the changes in light intensity (the signal) as data. Also when the LED is ON, you transmit a digital 1, and when it is OFF, you transmit a 0.
LiFi Benefits
The primary benefits of LiFi are as follows:
• Security: Provides entirely secure access. Where there is no light there is no data.
• Safety: Does not produce electromagnetic radiation and does not interfere with existing electronic systems.
• Localisation: Allows localisation due to the small coverage area of LiFi access point - localisation can be used for very precise asset tracking.
• Data density: Provides ubiquitous high-speed wireless access that offers substantially greater data density (data rate per unit area) than RF through high bandwidth reuse.
Credit to Oledcomm
LiFi Applications
LiFi can be used for so many applications and the list is increasing every year. You can read our updated list of Li-Fi applications at the following link:
Credit to pureLiFi
LiFi Systems Reviews by LiFi Tech News
OLEDCOMM LIFIMAX KIT REVIEW - ONE YEAR IN
We reviewed the LiFiMax kit produced by the leading French LiFi company Oledcomm. We bought this LiFi kit system at the end of 2020. After over a year of use, we decided to write a review of this LiFi system. We looked briefly at the profile of Oledcomm, a brief history of the LiFiMax system, the Kit box contents, some testing and performance results of this LiFi system, the customer experience and our own verdict (the good and the bad points) of the LiFiMax kit.
You can read the review on this link:
https://www.lifitn.com/blog/lifimaxreview
SIGNIFY TRULIFI 6002.1 STARTER KIT SYSTEM REVIEW
We also reviewed the Trulifi 6002.1 starter kit produced by Signify, the world leader in lighting for professionals, consumers and lighting for the Internet of Things. We got this LiFi kit system with the help of PCDSI and Signify around August 2021. In a similar fashion done with our previous review of the LiFiMax kit a few months ago, we will look briefly at the profile of Signify, a brief history of the Trulifi 6002.1 kit, the Kit box contents, some testing and performance results of this LiFi system, the customer experience and our own verdict (the good points and the bad points) of the Trulifi 6002.1 kit.
You can read the review on this link:
https://www.lifitn.com/blog/trulifi6002review
In conclusion, if you are also interested to hear more information about the OWNII Coin, you can contact the OWNii Support team at info@ownii.net or use the contact form on the new OWNii website, ownii.net. If you are enquiring about LiFi devices such as the LiFiMax kits and the Trulifi kits, you can contact us through our chatbot or by sending an email through our contact us form. If you enjoyed this post and would like to hear more updates about LiFi technology, subscribe to our newsletter. Don’t forget to subscribe to our social media accounts. You can also join our Telegram group about LiFi technology on this link:
https://t.me/joinchat/FMzOmsEKyJFrU6Af