World Mobile, a mobile network built on blockchain technology, has announced the launch of a token buyback program aimed at supporting the sustainable growth of its sharing economy. The program involves the treasury purchasing its native utility token, WMT, from the open market and distributing rewards to participants within the network’s ecosystem. This move reaffirms World Mobile’s commitment to its token holders and operators who have played a crucial role in the success of its sharing economy.
Enhancing Sustainability and Adoption
By repurchasing WMT tokens from the open market, World Mobile aims to build a sustainable sharing economy for all participants. The buyback program, executed using real-world revenue, represents a significant step towards mass adoption and strengthens the overall stability and utility of the World Mobile ecosystem. This initiative demonstrates the network’s dedication to creating an ecosystem where customers can earn revenue and have increased ownership over data and infrastructure.
World Mobile’s buyback program primarily focuses on leading contributors who have supported the development of the network. This strategic approach acknowledges the valuable contributions made by key participants and encourages their continued involvement. CEO Micky Watkins emphasizes the importance of these contributors in the success of World Mobile’s sharing economy and highlights the buyback program as a testament to their significance.
Adding Value for Users
The token buyback program aligns with World Mobile’s long-term strategy of establishing a sustainable mobile ecosystem that empowers its users. By repurchasing WMT tokens and creating a market for them, World Mobile aims to add more value for its participants. The increase in token value benefits token holders, providing them with additional incentives for their involvement in the network.
In addition to the buyback program, World Mobile has recently completed its DeWi technology field tests in Nigeria, Kenya, and Mozambique. These successful tests demonstrate the scalability of World Mobile’s hybrid-connectivity solution, indicating the potential for expanding its services across Africa. As a decentralized wireless network operator, World Mobile focuses on supplying affordable internet access to rural areas that are often overlooked by traditional providers. The implementation of World Mobile’s solution in struggling regions could have a transformative impact on connectivity and economic opportunities.