What is World Mobile Token?

World Mobile Token (WMT) is a digital token that forms the backbone of the World Mobile Chain, a blockchain-based solution designed to address the global issue of internet connectivity. WMT is a utility token that encourages network participants, including node operators and token holders, to contribute to the growth and maintenance of the network. The World Mobile Chain strives to provide internet access, data protection, and economic freedom to the unconnected half of the planet, leveraging blockchain technology and the sharing economy. The network is designed to be decentralized, run by the people, and ensures total privacy for its users.

How does World Mobile Token work?

World Mobile Token operates within a shared economy model, where network participants are encouraged to provide services and expand the network. The network comprises three types of nodes: Earth Nodes, Air Nodes, and Aether Nodes. Earth Nodes handle core logic, authentication, identity, blockchain, and telecommunications services. Air Nodes provide coverage and internet access to users, while Aether Nodes link to legacy telecommunications operators. Node operators are required to stake a certain number of WMT tokens to participate in the network. They receive compensation for providing services, producing blocks, and committing them to the blockchain. Users of the network utilize services provided on the network, with each service requiring a transaction fee to be spent in WMT.

What are the potential use cases for World Mobile Token?

World Mobile Token is primarily used to incentivize the operation and expansion of the World Mobile Chain network. Node operators stake WMT to participate in the network and receive compensation for providing services and producing blocks. Users of the network spend WMT as transaction fees to utilize services on the network. These services initially include internet access, media, and messaging communications, with the potential for additional services in the future. The network also allows for peer-to-peer transfer of WMT, enabling sharing and distribution of network utility among users.

What is the history of World Mobile Token?

World Mobile Token was developed as part of the World Mobile Chain project, a solution designed to address the global problem of internet connectivity. The project was born out of the recognition that nearly half of the world's population remains unconnected to the internet, a situation that the United Nations has highlighted as a significant issue. The World Mobile Token was introduced as a utility token to encourage network participants to contribute to the growth and maintenance of the network. The project's history is marked by its commitment to leveraging blockchain technology and the sharing economy to strive for internet access, data protection, and economic freedom for unconnected individuals.