World Mobile Token is a project that creates wireless networks to bring affordable internet to areas that don't have good access. They do this in a way that doesn't rely on a central authority, making it decentralized.
Today, we will cover the following topics:
- About World Mobile Token
- How does World Mobile Token work?
- Key Features
- Technical Analysis
- Why is WMT The Coin of the Week?
About World Mobile Token (WMT)
What is World Mobile Token?
World Mobile Token (WMT) is at the heart of a big plan to bring better internet access to places that need it most, like Sub-Saharan Africa.
WMT combines the power of blockchain technology with renewable energy to create a communication network that isn't controlled by any one company or authority.
By adopting a shared economy approach, the network incentivizes local ownership and participation, rewarding node operators and stakers for their contributions to maintaining and expanding the network.
This strategy not only enhances transparency and security but also reduces operational costs and accelerates network growth through the use of smart contracts.
Dig deeper into World Mobile Token whitepaper.
WMT Token
WMT is the native token of World Modile ecosystem.
Built on the secure and transparent Cardano blockchain, WMT facilitates various essential functions within the network.
WMT serves multiple purposes within the network, facilitating payments for value-added services such as finance and healthcare. Operators who expand connectivity to new areas are incentivized with WMT, promoting network growth.
Additionally, WMT holders can participate in decentralized governance, influencing the network’s direction and policies. These diverse use cases make WMT a vital tool for transactions, participation, and network expansion.
How does World Mobile Token work?
The network is powered by a combination of blockchain technology, renewable energy, and a shared economy model, ensuring a more efficient and cost-effective delivery of services.
At the heart of the network are three key infrastructures: Aether Nodes, Earth Nodes, and Air Nodes:
Aether Nodes
Aether Nodes are like the liaison between the WMT network and traditional telecommunications networks.
They connect to existing legacy systems, ensuring that the decentralized network can integrate seamlessly with established infrastructures. Only WMT holders who comply with local regulations can operate an Aether Node.
Earth Nodes
Earth Nodes are easy for almost anyone to run—you just need a basic computer and an internet connection. Operators of Earth Nodes must stake WMT tokens, which helps keep the network secure.
Air Nodes
Air Nodes are the devices that provide reliable Wi-Fi access to users, bringing the internet directly to people.
These nodes receive signals from Aether and Earth Nodes and convert them into wireless connectivity for local communities. Local business owners can invest in Air Nodes to offer internet services in their areas, earning WMT rewards from transaction fees and network participation.
Key Features
Atala PRISM
World Mobile's digital identity system is powered by Atala PRISM, which leverages Cardano’s blockchain to give users complete control over their personal data. With Cardano’s platform offering rapid, cost-effective, and private transactions, the network’s security is enhanced, aligning with the mission to uplift and empower underserved communities.
WMT App
Launched in Zanzibar and crafted with user input, the World Mobile App is a cornerstone of World Mobile’s mission to broaden global connectivity, offering features like the World Mobile Wallet, a fiat on-ramp, a network scanner, and even a marketplace for services such as Netflix vouchers.
WMT eSIM
The World Mobile eSIM provides seamless, affordable international roaming across more than 40 countries, allowing users to effortlessly manage plans from 1GB to 10GB for uninterrupted connectivity during travel — highlighting World Mobile’s commitment to eliminating communication barriers and keeping people connected worldwide.
Technical Analysis
As per our previous market outlook, WMT is still bearish trading within a descending channel highlighted in red.
This week, WMT found support around the $0.125 - $0.15 zone.
For the momentum to shift from bearish to bullish, a break above the upper red trendline and the last major high at $0.225 is required.
Why is WMT The Coin of the Week?
World Mobile Token (WMT) is the Coin of the Week because of its groundbreaking way of decentralizing mobile networks and making internet access more affordable.
From a technical standpoint, WMT is rejecting a massive support zone, providing an edge to capitalize on the next bullish phase.
Discover more Coin of the Week articles.
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See you next week for another coin of the week! 🚀
