What is WMTX?

World Mobile Token (WMTx) Now Available on Uphold

We’re thrilled to announce that World Mobile Token (WMTx) is now available to trade on Uphold! 

WMTx powers the World Mobile Chain, a decentralized mobile network built on the Baseblockchain. Aimed at reshaping global connectivity, World Mobile network works to to extend mobile coverage and internet access through a sharing economy model!

What is World Mobile network?

World Mobile network is a decentralized alternative to traditional mobile and internet service providers. Its mission: to build and scale the world's first decentralized mobile network that empowers users as co-owners, focuses on privacy, accessibility, and economic opportunity while dismantling the traditional telco paradigm. Leveraging blockchain technology, the network aims to create a world where every individual has true ownership and control over their connectivity, data, and digital autonomy through a decentralized mobile network.

Key highlights include:

• Global Internet Connectivity: World Mobile network utilizes a decentralized infrastructure to bring mobile services to areas often neglected by traditional providers.
• Community-Driven Operations: More than 13,685 nodes currently form the backbone of the network, managed and supported by participants around the globe.
• Daily Impact: The platform serves over 1.6 million unique daily paying users, demonstrating its growing adoption and real-world utility.

The Role of WMTx in the Ecosystem

The WMTx token is central to the World Mobile ecosystem, supporting a variety of use cases:

1. Transaction Payments: WMTx is required for onchain settlement of user activity including calls, text messaging, data sharing, streaming, and browsing.
2. Staking and Node Operations: Nodes stake WMTx to validate transactions and further network integrity. Node operators and stakers earn WMTx rewards for their contributions. These rewards are not associated with the Uphold Rewards Center. 
3. Incentive Mechanism: WMTx incentivizes participation across multiple roles within the ecosystem, driving the network's growth and sustainability.
4. Gas On World Mobile Chain: Every transaction on the WMC ecosystem requires WMTx as gas.
5. Buybacks: Revenue from World Mobile is used to buy back WMTx on the market.

Tokenomics:

• Node and Staking Rewards: 29%
• World Mobile Foundation: 18%
• Co-founders: 17.75%
• Public Token Sale: 10%
• Partnerships: 7.85%
• Advisors: 5.9%
• Incentive Rewards: 5.5%
• Private Token Sales: 2.5%
• Community Allocation: 2%
• Team: 1.5%

Meet the Founder

World Mobile network is the brainchild of Micky Watkins, its Founder and CEO. Watkins brings extensive experience from the telecommunications industry, and has been an active investor in Web2 startups and ventures.  

Ready to Trade WMTx?

You can now buy, sell, and hold WMTx on Uphold. Whether you're passionate about the mission of global connectivity, or intrigued by the token’s role within the World Mobile network, WMTx represents a unique opportunity to participate in this emerging mobile movement!

Trade WMTX

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