Have you heard of the utility token that is aiming to provide internet and access to underserved areas? It is the World Mobile Token that facilitates transactions and rewards participants who contribute to the growth of the mobile network. You too can be part of this project.
Key Takeaways
- Purpose: WMT is a utility token powering a decentralized mobile network that aims to provide internet access to underserved areas.
- Ecosystem Participation: Users and node operators (EarthNodes) earn rewards by offering telco services and maintaining the network, with staking options available.
- Multi-chain Strategy: WMT is deployed across Base, Ethereum, and BNB Chain, enhancing scalability, security, and transaction speed.
- Partnerships and Technology: Collaborations with firms like SingularityNET and DITO Telecom support connectivity and AI-powered services for remote areas.
- Tokenomics: The total supply is 2 billion WMT, with 29% allocated to node operators and stakers, incentivizing network growth and participation.
What is World Mobile Token?
World Mobile Token (WMT) is a digital currency that facilitates the growth of the World Mobile Network by connecting those who are not connected to the blockchain technology. It is offering cryptocurrency trading advanced tools and staking options for new and seasoned investors. Transactions on the network are generated when people use the network through calls, texts, and use data. So, whenever you connect to the World Mobile network using your device, you make use of the token utility.
In simpler terms, World Mobile Token is a decentralized mobile network that aims to promote participation in the World Mobile network by rewarding users and node operators for their contribution in providing telco services and securing the network.
Features of World Mobile Token
Utility Token
World Mobile Token ($WMTX) is a utility token that powers the World Mobile network, making it possible for people to interact with the World Mobile Chain. It serves as a utility token that facilitates transactions and incentivizes participation in the ecosystem. The utility token powers the World Mobile network using blockchain technology.
Multi-chain migration
World Mobile Token uses a multi-chain migration to Base, Ethereum, and BNB Chain, an approach that ensures that the network is secure due to the strength of each Blockchain. For example, Ethereum offers smart contract capabilities while BNB Chain offers high transaction throughput. Due to its distribution across various blockchains, WMT has become resilient and scalable.
Decentralized Network Participation
$WMTX is listed on both centralized (CEX) and decentralized (DEX) exchanges. However, World Mobile Network has a decentralized network, and you can participate as a node operator either by providing network coverage by hosting, operating, relaying data, or facilitating blockchain operations. As such, you can become an EarthNode operator, process telco data, and stake World Mobile Tokens
EarthNode
World Mobile Token operates an EarthNode, which requires at least 100,000 tokens. EarthNodes are important in the network because they are responsible for maintaining the blockchain and processing transactions. By so doing, it ensures that node operators promote stability and scalability of the network.
How to stake $WMTX tokens?
Staking means locking up your $WMTX to support the World Mobile network. By so doing, you get rewards and access. You can unstake anytime you want to. There are two ways to stake World Mobile Network and earn rewards. They include:
- Core Staking. It allows WMT holders to stake their tokens on various blockchains, with options for EVM staking on Base using MetaMask or other web3 wallets. The aim is to support and strengthen the WMT network while you earn rewards.
- Earth Node Staking. Earth Node Staking allows individuals to stake their WMT tokens and contribute to the network. Earth nodes are responsible for tasks such as securing the network, providing services, and processing telco data. In return, you get to earn rewards such as a 5% APY depending on network conditions.
World Mobile Chain
The WMT is composed of the World Mobile Chain, a high-performance layer 3 blockchain built for telecom to ensure an immutable and transparent record of operations. Its role is to ensure real-time communication and secure data transmission at a lower cost, thereby promoting connectivity to underserved regions. It aims to alleviate challenges experienced by traditional telcos by optimizing performance.
How World Mobile Network is used?
1. Processing Network Transactions
Whenever node operators and stakers process network transactions, they earn World Mobile Tokens. In return, they use WMT to provide services to their customers, such as making calls, sending texts, and even using data.
2. Rewarding Users
WMT is used to reward users and node operators for their contributions, such as providing telco services. By staking WMT, node operators can secure their network and earn rewards.
3. Generating Revenue.
World Mobile generates revenue from its network and uses it to purchase WMT from open markets, which is later given to operators and stakers and rewards.
World Mobile Token ($WMTX): The Tokenomics
Tokenomics refers to the distribution and supply of crypto assets. The total supply of World Mobile Token is about 2,000,000,000, while the circulating supply is approximately 625,000,000. This is the breakdown of the Tekonomics:
| Category | Percentage | Total |
| Private Sale | 2.5% | 50,000,000 WMTX |
| Public sale | 10% | 200,000,000 WMTX |
| Incentive rewards | 3% | 60,000,000 WMTX |
| Early staking rewards | 2.5% | 50,000,000 WMTX |
| Advisors | 5.9% | 118,000,000 WMTX |
| Cofounders | 17.75% | 355,000,000 WMTX |
| Team | 1.5% | 30,000,000 WMTX |
| Partnerships | 7.85% | 157,000,000 WMTX |
| Community Fund | 2% | 40,000,000 WMTX |
| Operational Fund | 18% | 360,000,000 WMTX |
| Node operators/stakers | 29% | 580,000,000 WMTX |
Team Behind World Mobile Token
World Mobile Token was founded by Micky Watkins and Antonio H. Micky Watkins is a renowned entrepreneur and has wide experience in telecommunications and blockchain technology while Antonio H. has experience in renewable energy. They both developed WMT to focus on sustainability and privacy.
World Mobile Network: The Partnerships
WMT has forged some partnerships to integrate other technologies, which have boosted its growth. Some of the companies that WMT has partnered with include SingularityNET, 51nodes, DITO Telecom, SEW, Tenity, and many others. Through these partnerships, WMT has enhanced connectivity, utilized AI to offer accessible services to underserved areas.
Final Word
World Mobile Token is not an ordinary cryptocurrency. Instead, it’s a tool that is leveraging blockchain technology to empower communities with easy access to the internet while rewarding users and node operators for their contribution to the World Mobile network.
Node operators offer telco services to underserved areas. World Mobile network has multi-chain integration across Base, Ethereum, and BNB Chain to ensure speed, scalability, and security. Whether you are an investor, a tech enthusiast, or whatever field you’re in, you can be part of the World Mobile Token movement.
Frequently asked questions
World Mobile Token is a decentralized mobile network that connects the world by leveraging blockchain technology. Its main aim is to provide internet access to underserved areas. It uses a utility token to connect people, reward users and node operators.
The price of World Mobile Token keeps changing. At the time of writing $WMTX price was ranging between $0.15 and $0.17 USD, with a 24-hour change ranging from -3.66% to -9.62%.
World Mobile Token is a utility token that powers the World Mobile Network. So, the work of the World Mobile Token is to power World Mobile network by allowing people to connect through the use of blockchain-based solutions.
You can easily buy World Mobile Token on centralized exchanges such as Binance or Coinbase, or decentralized exchanges such as KuCoin using a credit card or a debit card. All you need to do is to select the “Buy Crypto” option and select your card as the method of payment.
