World Mobile Token v1

World Mobile Token v1 (WMT) is the original utility token of the World Mobile Chain, designed to facilitate a decentralised telecommunications network. Operating on a sharing economy model, WMT incentivises individuals and communities to participate in the network by deploying and maintaining nodes. The token is integral to enabling affordable and sustainable internet and telecommunications access, particularly for underserved regions.

Built on the Cardano blockchain, WMT leverages blockchain technology for its decentralised ledger and smart contracts, ensuring secure, transparent, and efficient operations within the network.

World Mobile Token v1 (WMT) is used for several critical functions within the World Mobile Chain ecosystem:

• Incentives and Rewards: WMT is the reward mechanism for node operators who maintain network infrastructure and quality.
• Transaction Fees: Network users pay for services such as internet access, voice calls, and messaging using WMT.
• Staking and Delegation: Token holders can delegate or stake their WMT to node operators and earn a share of the network's transaction fees and rewards.
• Network Growth and Sustainability: WMT incentivises deploying network nodes in regions where connectivity is limited or non-existent.
• Facilitating Smart Contracts: The token is instrumental in executing smart contracts that underpin the network's operations and automated processes.