World Mobile launches buyback program for its WMT token

2023-6-22 16:00

World Mobile, a blockchain-based mobile network “owned by the people”, has launched a buyback program for the native utility token World Mobile Token (WMT).

The repurchase program will see the World Mobile treasury buy WMT from the open market. The first buyback already happened on May 29, the company said in a press release.

Eyeing a sustainable sharing economy

World Mobile allows users to become mobile network operators, where they can share their internet connection – connect the unconnected. By securing this network, people earn the WMT token. The crypto project is making inroads into a sharing economy sector that is expected to grow to a $335 billion market by 2025.

Today, some of the top businesses in the traditional market include Airbnb, which was founded in 2008; London-based Stashbee – the Airbnb for storage; and Zipcar, a car-sharing platform.

According to details shared with Invezz today, World Mobile says it aims to accumulate rewards for participants as it targets a sustainable sharing economy. Those set to benefit from the initiative are token holders and network operators.

World Mobile CEO Micky Watkins commented:

“The token buyback program reaffirms our commitment to both our token holders and the network operators who have and will continue to play a crucial role in the success of our sharing economy. By repurchasing World Mobile Tokens (WMT) from the open market, we aim to build a sustainable sharing economy for all our participants.”

Watkins says the buyback, which is akin to a share buyback or token burn in that units of supply are removed from circulation,  is part of the business model set to not only strengthen the network’s overall stability but also improve World Mobile’s utility.

The team will use funds from the mobile network’s commercial services that launched early this year to fund the buyback program. World Mobile plans to expand the project across Africa, Asia, and the US.

The post World Mobile launches buyback program for its WMT token appeared first on Invezz.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Universal Mobile Token (UMT) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 UMT

mobile world wmt token program buyback utility

Источник: invezz.com

mobile world → Результатов: 126


Фото:

WonderHero Launches a P2E Mobile Game with 10 Major Guilds, over $2.5 million of NFTs Sold in Hours

WonderHero has launched its mobile-based play-to-earn (P2E) blockchain game featuring ten major guilds. WonderHero Launches a Mobile-based RPG Game, over $2.5 million of NFTs Sold According to a press release on January 26, the NFT-infused role-playing game (RPG) will feature ten major guilds with scholars from Asia, South America, and across the world. The YGGSEARead More

2022-1-26 18:00


Фото:

Sneakmart Launches Metakicks, An NFT Mystery Sneakers Box Collection

Sneakmart, a French mobile application dedicated to streetwear, provides users with the opportunity to own virtual footwear through its Metakicks NFT mystery sneakers boxes. According to the team behind the project, Sneakmart seeks to disrupt the world of collectible and limited sneakers editions, allowing users to own the NFT and a chance to win a […]

2022-1-24 22:55


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Lumia secures strategic funds as node sales exceed 25,000 milestone

Lumia has announced a significant milestone in its journey to revolutionize the blockchain space, with the company surpassing the sale of 25,000 nodes. This achievement coincides with the successful completion of a strategic fundraising round, marking a pivotal moment in the company’s growth.