Wrapped OTA (WOTA) is a utility token designed to enable decentralized access to tools and services across the OTR network — including validation, secure messaging, translation, relays, IPFS storage and communication meshing.

This tokens is not securities, and do not represent investment contracts or ownership in any business.

Legal Classification
  • No profit guarantee is made or implied.
  • Users retain full custody and control of their tokens.
  • Staking and validator operations require work and participation — they are not passive investments.
  • The OTA system is community-operated, and no central party manages or promises returns.
Terms of Use

By receiving or using WOTA tokens, you agree that:

  • You are using the tokens to access features of the OTR network.
  • You understand that these tokens are tools, not financial instruments.
  • All participation is at your own discretion and involves no fiduciary relationship.
WOTA Token Terms of Sale

By receiving WOTA tokens, you agree to the following:

  • No Investment Intent: Tokens are not sold as investments. They are utilities intended for use on the OTR network.
  • No Guarantee of Value: Token value may fluctuate and is not backed or guaranteed by any entity.
  • No Refunds: All token transactions are final and non-refundable.
  • Jurisdiction Responsibility: You are responsible for complying with your local laws regarding token use and ownership.
  • Utility Access: Use of WOTA grants access to specific services, including decentralized relay, smart device integration, and secure messaging.

This sale does not constitute a public offering of securities in any jurisdiction, and no registration is required under current U.S. SEC guidelines for utility tokens

OTR Don’t Directly Custody or Swap 3rd-Party Tokens

To avoid MSB (Money Services Business) classification under U.S. law, Immutifi and OTR:

  • Do not custody user tokens.
  • Do not execute trades or swaps directly.
  • Do not touch fiat or act as a broker/dealer.

Instead:
We integrate existing, like Edge Wallet
We build bridges and relays .
We offer only:

  • Signed payloads
  • QR interfaces
  • API relays
  • Audit tools (IPFS + NFT)

Our infrastructure simply relays user-signed requests to trusted exchange APIs via their official endpoints — nothing more.

Legal Reasoning
  • Edge Wallet handles custody
  • Wallet handles the swap
  • OTR simply connects them without ever holding tokens or fiat
  • No KYC obligations fall on OTR since it just extends the broadcast.

If you use OTR with SDR , you can use ham bands to relay messages from (e.g., FT8, JS8Call) and relay over wifi , lora, 5g etc.

What’s Sent Over the Air:
  • Plain-text content only:
    • CID (IPFS hash)
    • Message payloads
    • Relay metadata (non-commercial)
  • No encryption, no wallet addresses, no private keys

Operator A uses HF for initial transmission, but Operator B receives the transmission the relays message to non-HF channels (WiFi, LoRa, BLE, keeping token logic off-air. This complies with Part 97, as rewards are logged and not transmitted over HF.

Where the Token Logic Happens:
  • On the blockchain layer, off-air:
    • Relayer wallet is credited on-chain based on CID proof, MAC fingerprint, or signed relay confirmation.
    • The reward is not transmitted or negotiated over RF — it’s just logged and posted to the chain or IPFS.
    • Same logic as Proof of Relay → token claim → post-event payout.
OTRnet WOTA Token Disclaimer

WOTA Utility Reward

WOTA tokens are utility rewards used exclusively within the OTRnet platform to facilitate decentralized network services, including HF (e.g., FT8 on 14.070 MHz) and non-HF (e.g., LoRa, WiFi, BLE, 5G) data relaying over lora , wifi or other non hf bands.. WOTA tokens are earned as rewards for relaying content identifiers (CIDs) and are used to access OTRnet services.

Non-Redeemable

WOTA tokens are non-redeemable for fiat currency, cryptocurrencies, or other assets in the OTRnet ecosystem. Any conversion of WOTA tokens to other currencies or assets must occur on external decentralized exchanges or marketplaces. OTRnet does not guarantee the value, transferability, or liquidity of WOTA tokens outside its closed system.

No Ownership or Rights

Possession, transfer, or use of WOTA tokens does not confer ownership, equity, voting rights, or any other legal or financial interest in OTRnet, its affiliates, or its underlying technologies. WOTA tokens are solely utility credits for accessing OTRnet services and do not represent an investment, security, or claim to future profits.

Compliance

OTRnet operates in compliance with applicable regulations, including FCC Part 97 for amateur radio communications, ensuring no encryption or commercial intent on HF bands. Users are responsible for ensuring their use of WOTA tokens and OTRnet services complies with local laws and regulations.

 Copyright 2025 Web3 Solutions LLC

Licensed under the Apache License, Version 2.0 (the “License”);

#you may not use this file except in compliance with the License.

# You may obtain a copy of the License at

#     http://www.apache.org/licenses/LICENSE-2.0

# Unless required by applicable law or agreed to in writing, software

# distributed under the License is distributed on an “AS IS” BASIS,

# WITHOUT WARRANTIES OR CONDITIONS OF ANY KIND, either express or implied.

# See the License for the specific language governing permissions and

# limitations under the License.

# OTR reference implementation by Web3 Solutions LLC

Token Reporting

  • OTA (credits)
    • Native, non-tradable credit inside the network.
    • Earned by relays/validators.
    • Spent for network access (bandwidth, messages, DDTV, storage, etc.).
    • works like loyalty points or prepaid minutes.
    • No taxable event when earned or spent, since they cannot be sold or transferred outside.
  • $WOTA (tradable asset)
    • ERC-20 (or Base chain) version.
    • Created when validators/relays explicitly convert OTA → WOTA.
    • This is the moment of tax recognition:
      • Value of OTA at conversion = ordinary income.
      • Later disposal (swap, trade, off-ramp) = capital gain/loss based on holding time.

Flow

  1. Validator earns OTA network credits → added to balance (non-taxable).
  2. Validator spends OTA → burns them for services (non-taxable).
  3. Validator off-ramps → converts OTA → WOTA (taxable event, creates cost basis).
  4. WOTA can now be swapped, staked, or sold → capital gains apply.

  • IRS only taxes property.
  • OTA non-tradable utility credits, just service units.
  • The taxable layer only starts when OTA is wrapped into WOTA.
  • This mirrors how airline miles, phone minutes, and loyalty points are treated:
    • Not taxed when earned or spent internally.
    • Taxed if you convert them into cash or transferable property.