What is World Mobile Token? All You Need to Know About WMT

World Mobile Token (WMT) is a digital currency for the World Mobile network, aiming to connect the unconnected through blockchain technology.

Despite significant technological advancements, nearly half of the global population remains disconnected from the internet, missing vital services. Traditional efforts by mobile operators and tech giants have struggled with high operational costs and inefficiencies. A novel approach focuses on sustainable, community-powered networks providing affordable access to underserved areas. Leveraging a sharing economy and energy-efficient technologies, it aims to reduce costs and engage local communities. This strategy is supported by the introduction of World Mobile Token (WMT), a digital currency designed to facilitate and incentivize expanding an inclusive and accessible network.

What is World Mobile?

Launched in 2018, World Mobile embarked on an ambitious mission to transform the globe into a “global village,” recognizing the pivotal role of connectivity in achieving this vision. With a stark connectivity gap in regions like Sub-Saharan Africa, where access barely reaches 22%, World Mobile set out to shift this landscape towards universal access. The foundation of its strategy lies in constructing the world’s first mobile network that leverages a trio of innovative pillars: blockchain technology, renewable energy, and the principles of a sharing economy.

This approach marks a significant departure from traditional mobile network models, promising to deliver a more robust and inclusive communications infrastructure. By integrating blockchain, World Mobile aims to ensure secure, transparent operations and foster community engagement through a sharing economy model. This model encourages local ownership and operation of network infrastructure, thereby reducing costs and promoting sustainability through the use of renewable energy sources.

The introduction of World Mobile Token (WMT) serves as a cornerstone of this ecosystem, providing a digital currency framework that incentivizes participation and investment in the network’s expansion. This economic model is designed to support the network’s scalability and accessibility, making it a critical component of World Mobile’s strategy to achieve near-universal connectivity, especially in underprivileged areas. Through this innovative approach, World Mobile aspires to redefine the landscape of global connectivity, ensuring that even the most economically deprived regions can join the digital world, moving closer to the goal of a fully connected global village.

How Does World Mobile Work? Nodes and Sharing Economy

World Mobile’s innovative approach to connectivity leverages a distributed network architecture, enabling a sharing economy that aims to provide internet access to the unconnected parts of the world. This architecture is composed of three distinct types of nodes: Earth Nodes, Air Nodes, and Aether Nodes, each playing a crucial role in the network’s functionality and sustainability.

Earth Nodes serve as the backbone of the World Mobile Chain, acting as the central intelligence that orchestrates the network. They handle core functions such as user authentication, transaction processing, and telecommunications services through a suite of software modules. These modules include a Decentralized Identity (DID) for digital ID solutions, a blockchain for recording transactions, and a telecommunications module for managing communication services. Earth Nodes can be operated by anyone with a PC and an internet connection, requiring a minimum stake of 100,000 WMT, which can be pooled among multiple users.

Air Nodes are tasked with providing the actual network coverage and internet access to end-users. They come in various hardware configurations to suit different coverage needs, from individual users to entire communities. Air Nodes connect users to the network, authenticate them through Earth Nodes, and meter their usage. Operators have flexibility in their hardware choices, ranging from cost-effective solutions like a Raspberry Pi with an antenna to more extensive setups for broader coverage.

Aether Nodes act as the interface between the World Mobile network and legacy telecommunications systems, ensuring compatibility and facilitating communication across different networks. To operate an Aether Node, one must comply with local regulations, possess the necessary licenses, and hold a minimum of 1 million WMT. These nodes are essential for the network’s operation in any given country and are rewarded based on the volume of traffic they process.

The node quality grading system evaluates the performance and reliability of nodes, influencing their participation in the network and ensuring high service quality. This grading system, along with the decentralized nature of the network, empowers communities and local businesses to partake in the network’s operation, fostering a sharing economy that benefits all stakeholders.

This revolutionary model of using a distributed network of nodes aims to extend internet connectivity to underserved regions and introduces a new paradigm of a sharing economy in telecommunications. By decentralizing the infrastructure and incentivizing participation through rewards, World Mobile sets the stage for a more inclusive, accessible, and sustainable future of global connectivity.

Source: worldmobiletoken.com

Sharing Economy

At the heart of World Mobile’s vision is the implementation of a sharing economy that fundamentally transforms how network services are deployed and utilized. By encouraging the use of off-the-shelf equipment, World Mobile makes network nodes both affordable and accessible, enabling local business owners and communities to build their connectivity infrastructure. This approach not only democratizes access to the internet but also ensures that the rewards of network expansion are equitably shared among those who contribute to its growth. Instructional materials in local languages support node owners in setting up and maintaining their networks, bolstered by local ambassadors who advocate for the benefits of the sharing economy in unconnected areas.

This sharing economy model is pivotal in minimizing operational costs traditionally shouldered by network operators, facilitating more rapid and demand-driven network expansion. Community and business-led node operation shifts the responsibility of network maintenance and growth to local stakeholders, fostering a sense of ownership and direct benefit from improved connectivity. By incentivizing good service and coverage expansion, World Mobile aligns the interests of network participants with the broader goal of closing the digital divide.

Conclusively, World Mobile’s sharing economy not only incentivizes participants through a decentralized model but also empowers communities with the tools and knowledge to sustain and expand their own network infrastructure. This innovative approach promises a scalable, efficient allocation of resources, making the dream of global connectivity increasingly attainable. Through collaborative efforts, World Mobile is paving the way for a more connected and inclusive world where every contribution to the network’s expansion is valued and rewarded.

Source: worldmobile.io

What is the WMT Coin?

WMT is World Mobile’s digital token for network participation and reward distribution. Its maximum supply is capped at 2 billion units, of which 492 million (24.60%) are already in circulation (February 2024).

WMT Coin, a Cardano native token, powers the World Mobile Chain, catalyzing its circular economy and managing telecommunications and network transactions. With tokenomics crafted for a gradually decreasing inflation model, starting with an annual rate of 11.41% to aim for a 2 billion WMT supply by year 20, it ensures that the total inflation during this time constitutes 29% of the total supply. This strategic inflation rate benefits early participants more, gradually reducing to zero by year 20, offering a balanced dynamic of risk and rewards for node operators and stakers as the network evolves.

Token distribution is strategically planned to ensure the network’s growth and sustainability: Co-founders hold 17.75%, the Operation fund is allocated 18%, Node operators and stakers receive a significant 29%, with the Public sale contributing 10%, Private sale at 2.5%, Community fund at 2%, Advisors at 5.9%, Partnership allocations at 7.85%, Incentive rewards at 3.0%, and Early staking rewards at 2.5%. This distribution model is designed to incentivize all stakeholders, from co-founders to community members, ensuring a vested interest in the network’s success and the broader adoption of WMT Coin within the ecosystem.

Source: worldmobiletoken.com

WMT Use Cases

World Mobile Token (WMT) is the cornerstone of the World Mobile ecosystem, providing diverse functionalities that underscore its significance in network operations and incentives. The primary use cases of WMT include:

• Network Participation and Security: WMT facilitates network participation and enhances security by enabling token holders to stake WMT. This is crucial for maintaining consensus and securing the network, drawing parallels with Cardano’s staking mechanism. It protects the network by delegating to Earth Nodes or by staking, thereby supporting its overall operations.
• Transaction and Service Payments: The token also plays a vital role in transaction and service payments. Users can utilize WMT to pay for telecommunications services such as calls, messages, and data usage directly through the World Mobile app. This system accommodates payments in both WMT and local currency, adapting to the legal and operational context of cryptocurrencies in different jurisdictions. Beyond telecommunications, WMT can be used for a variety of additional services within the ecosystem, including streaming, gaming, and e-commerce, offering a versatile medium for transactions. Furthermore, it simplifies person-to-person transfers and online payments, enhancing the utility and accessibility of WMT across the network.
• Node Operation and Incentives: Node operators earn WMT through transaction fees and network usage. This setup not only provides a direct incentive for maintaining and expanding the network but also includes additional rewards for operators who introduce connectivity to new areas for the first time.
• Staking Rewards: This allows users to earn from holding WMT. Users can receive rewards by staking any amount of tokens, promoting long-term engagement and investment in the network’s growth and stability. The release of tokens and the accrual of rewards are conditioned on meeting certain thresholds, encouraging sustained participation.

Through these use cases, WMT is positioned as an integral component of the World Mobile ecosystem. It incentivizes the network’s operational side, including node operators, and the user side through various services and rewards mechanisms. This multifunctional approach ensures the long-term viability and growth of the network, making WMT a key driver in the effort to bridge the global digital divide.

World Mobile Main Features

World Mobile is revolutionizing connectivity and access to digital services through its unique features, leveraging blockchain technology and innovative solutions to bridge the global digital divide. At the core of its offering are three main features: Atala PRISM for digital identity, the World Mobile App, and the World Mobile eSIM, each contributing to a more inclusive and connected world.

Atala PRISM and Cardano Integration

At the heart of World Mobile’s digital identity solution is Atala PRISM, deployed on the Cardano blockchain. This self-sovereign identity platform empowers users with control over their personal data, facilitating access to essential services like digital banking, healthcare, and education. The choice of Cardano for its blockchain infrastructure brings advantages such as low transaction fees, fast speeds, superior privacy, and a focus on sustainability. This strategic partnership with IOG not only underpins the network’s security and efficiency but also reflects a shared vision for empowering the less privileged with digital identity solutions.

World Mobile App

The World Mobile App, initially introduced in Zanzibar, represents a cornerstone of World Mobile’s strategy to enhance connectivity and provide economic freedom. Through its global launch, the app integrates advanced features like the World Mobile Wallet for managing digital assets, a fiat on-ramp for easy exchange between currencies, and a network scanner for identifying connectivity issues. Additionally, it offers a marketplace for purchasing various products and services, including vouchers for popular platforms like Netflix, enhancing the digital lifestyle of its users. The app’s development, informed by community feedback, demonstrates World Mobile’s commitment to user-centric innovation and global expansion.

World Mobile eSIM

The World Mobile eSIM feature offers affordable and seamless roaming in over 40 countries, representing a significant advancement in global connectivity. It enables users to buy, manage, and top up their eSIMs from anywhere, providing instant setup and hassle-free international data services at prepaid rates. With plans accommodating different data needs, from 1GB to 10GB, the eSIM facilitates worry-free travel and constant connectivity. This innovative solution underscores World Mobile’s dedication to eliminating barriers to communication and fostering a world where everyone can stay connected, regardless of their location.

In conclusion, World Mobile provides connectivity and a comprehensive ecosystem that includes secure digital identities, a versatile mobile app, and global eSIM services. These features embody World Mobile’s vision of a connected global village where access to information, financial services, and communication is universally available, marking a pivotal step towards bridging the digital divide.

Is WMT a Good Investment?

World Mobile Token (WMT) underpins a noble initiative aiming to connect the unconnected, leveraging advanced digital ID solutions and a sophisticated system of nodes to foster global inclusivity. This endeavor not only promises to bridge the digital divide but also introduces a transformative approach to digital identity and network access. However, potential investors should consider the challenges inherent in deploying such an ambitious project, including regulatory hurdles and the adoption rate in targeted markets. These factors could impact the project’s scalability and, by extension, the long-term utility and value of WMT, underscoring the importance of thorough research and risk assessment.

How to Own WMT?

To own WMT, you can use the services of a centralized crypto exchange. Start by creating a Gate.io account, and get it verified and funded. Then you are ready to go through the steps to buy WMT.

News on World Mobile

According to an announcement on the World Mobile official blog, dated December 20, 2023, a partnership with Vodacom Mozambique has been established to launch an aerostat trial aimed at enhancing rural connectivity. This initiative utilizes tethered balloons equipped with telecom gear, offering a cost-effective and rapid deployment solution for internet access in remote areas. Highlighting the collaboration’s role in economic and social development, this trial marks a significant stride towards achieving global connectivity, with both companies emphasizing innovation and the potential impact on underserved communities.

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