What Is World Mobile Token (WMT)?
The World Mobile Token is a blockchain-based platform that enables a sharing economy for telecommunications infrastructure. A shared economy model provides a network infrastructure that supports the design and operational efficiencies. The network intends to provide users with more flexible connectivity. The platform employs blockchain technology to eliminate intermediaries and the layer of cost to the delivery process. It also allows for rapid network expansion due to the transparency given by smart contracts. Users can benefit from a proven and guaranteed reward system by smart contracts.
The platform aims to offer alternatives to the global issue of nearly half of the globe remaining unconnected. According to the World Mobile Token, the current operators' energy consumption accounts for 20–40 percent of network operating expenses. As a result, the platform offers a reduced-power architecture and a solar and battery solution to minimize these expenses further. Second, the sharing economy notion lowers operational costs like maintenance, security, and leasing. It also establishes an autonomous system by incentivizing node operators to grow and expand the network and its services.
The platform's sharing economy allows for reduced operational costs and more effective resource allocation, resulting in a scalable token-based approach. A distributed network with three layers of nodes is required for the sharing economy to function. Earth nodes help in authentication, identification, inter-node connectivity, and telecommunications. However, Air nodes give users coverage and an internet connection. And Aether nodes serve as a connection to legacy telecommunications providers.
WMT is the platform's primary utility token built on the Cardano blockchain. The token's primary function is to incentivize both token holders to contribute to the network's functioning by delegating their token to a node operator and node operators who run their nodes. The network intends to provide everyone equal access to the Internet via staking WMT.
History of World Mobile Token (WMT)
The World Mobile platform was founded by Micky Watkins in 2018. Micky is a telecommunications entrepreneur who develops solutions and business structures that have revolutionized how we interact. The maximum supply of the WMT token stands at 2,000,000,000 WMT.
