- World Mobile, a blockchain-powered mobile network, has launched a token buyback program to support the growth of its sharing economy and reward ecosystem participants.
- The company successfully completed DeWi technology field tests in Nigeria, Kenya, and Mozambique, signifying its determination to extend internet services across Africa.
As an innovation leader in the digital realm, World Mobile has announced a token buyback initiative to bolster the sustainable growth of its sharing economy. The company, using blockchain technology to revolutionize mobile networking, intends to buy back its native utility token, WMT, from the open market and subsequently redistribute rewards among its ecosystem’s stakeholders.
The buyback program, which was officially put into action on May 29, is primarily aimed at notable contributors who have played significant roles in advancing the network’s development. CEO Micky Watkins has highlighted the strategic importance of this move as a testament to World Mobile’s dedication to token holders and operators, who are the pillars of its successful sharing economy.
“We’re aiming to fortify a sustainable sharing economy by repurchasing World Mobile Tokens from the open market. This strategy, aligned with our business model and funded by real-world revenue, is a significant step towards wider adoption and strengthens the stability and utility of the World Mobile ecosystem.”
World Mobile’s overarching mission is to create a sustainable mobile ecosystem in which customers can both earn revenue and claim more ownership over data and infrastructure. In this vein, the token buyback scheme serves as a key component of their long-term strategy, poised to add substantial value for its users. Notably, the announcement has already impacted the market, causing a nearly 5% surge in WMT’s value over the last 24 hours, pushing it above $0.10 per token.
In another significant development, World Mobile has recently expanded its services in Africa. They’ve disclosed successful DeWi technology field tests in Nigeria, Kenya, and Mozambique, showing the scalability of their hybrid-connectivity solution. This move suggests a planned spread of their affordable internet services across the African continent.
World Mobile’s solution uniquely targets rural areas often neglected by major providers, marking a critical step towards achieving digital inclusivity in underprivileged regions. Watkins, sharing insights from the successful field tests, emphasized,
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“These tests validate our DeWi technology’s feasibility and scalability, bringing us closer to providing affordable and reliable internet access to rural and underserved areas worldwide.”