MEXC AMA with Zachary Vann from World Mobile Token (WMT)
Guest: Zachary Vann, Head of Token for WMT
Hello everyone! My name is Zachary Vann, I am the Head of Token for WMT. It is a pleasure to be here and answer the communities questions about World Mobile Token (WMT)
Questions from community:
Miranda: Can you tell us what is WMT ? Can you share with us more in detail
Zac: World Mobile Token (WMT) is the utility token that powers the sharing economy for World Mobile’s global mobile network. All transactions generated on the network will be paid out in WMT to node operators and stakers. Transactions on the network are generated via calls, texts, streaming, internet browsing or using any other value added services such as content, finance, healthcare, insurance, micro-loans offered and more through World Mobile service.
So every time someone uses their device to connect to the World Mobile network, the token utility comes into play
Miranda: What triggers you to WMT? What are some of the real-world problems/ pain points that World Mobile Token aims to solve?
Zac: This is a really good question!
Half the world is unconnected, World Mobile is providing a solution to fix this and help bridge the digital divide, whilst providing opportunity for hundreds of millions of people. Through the sharing economy, World Mobile Token gives power to the users of the network.
Beyond this, through the sharing economy model we have created a way for the users of the network to also be owners of the network and reward these stakeholders with their native token.
I am a blockchain enthusiast and want to do good in the world, I get to combine two things I am passionate about and that is helping people and blockchain!
Miranda: Let’s do good to the blockchain and the world!
Zac: I could not agree more!
Miranda: What about WMT ’s unique selling points as compared to other similar projects in the industry?
Zac: I will try summarise this the best that I can so people don’t have to read an essay!! There are so many things that make us unique but below are some of the most important !
1 First mobile network on blockchain
2 Team and experience in finance, regulations, tech, blockchain
3 Partnership with IOG
4 Hybrid network
World Mobile Token is the first of its kinds token, powering a global mobile network where everyone, anywhere in the world can own part of the network, help secure it and also be rewarded for doing so, at the same time changing people’s lives and empowering them through the World Mobile Network
The World Mobile Token solution is not purely about technology, there also needs to be a strong regulatory team in telecommunications in Africa, so it is a combination of factors and this is where WM is unique with a team that has worked across the region for the last 20 years.
World Mobile has a unique partnership with IOG to provide blockchain engineering experience and also to be a flagship project on Cardano deploying across Africa — WM connecting the unconnected while IOG banks the unbanked. Also a 10% equity partnership.
World Mobile is Implementing a hybrid network combined with renewable energy to reduce the costs of delivering the network and making it more affordable for end users. Some of the technology is specifically designed to dramatically reduce cost of delivery such as the use of aerostats and stratospheric balloons to deliver connectivity over large areas.
We are doing something special, and I am honored to be playing a part in this :)
Miranda: Thanks for the details Zac,next can you introduce the native token $WMT? What’s its role and tokenomics?
Zac: I certainly can!
World Mobile Token is used to incentivise users of the network to participate in the sharing economy, the supply of WMT is a fixed supply token with a maximum of 2 Billion tokens.
These tokens will take 20 years to reach full dilution and supply. The mechanics of the token release incentivise early adopters of the network and node operators, providing greater rewards at the launch of the mainnet and tapering off as the network grows and transaction fees increase.
Miranda: Are there any exciting news or updates with regards to WMT that you would like to share with the users?
Zac: This is something I haven’t told anyone about yet, so…………… SPOILER ALERT!
We are working with the community to create strong staking mechanics for LP tokens for people who decide to add liquidity to WMT/XXX pools on the DEXs that will be launching, this will be done through our own Vault and reward and incentivise holders of WMT who want to earn additional rewards for providing liquidity.
Miranda: Please update us once started🤣🤣
Zac: you bet!
Miranda: If you were to summarize your project in ONE word, what would it be? Why?
Zac: This is actually a really good question and something I have quite often asked myself… each time I always end up back at the same word and that is “Empowerment”
I chose this word because we want to do things differently, we want to empower our customers of the network and give back, rather than take like many traditional mobile network operators. Empowering our customers to be able to earn from the connectivity they provide.
Q1. Are you a global project or local project? At present, which market are you focus on, or is it focused on building and growing to gain customers, users and partners?
We are a Global project! It is in the name “World Mobile” Currently we are heavily focused on rolling out our network in Africa, we are rolling out in Zanzibar and have partnered with the Zanzibar government. We have a lot of countries on our road map and will be deploying our network in many different parts of the world !
Q2. Do you guys feel satisfied by seeing your progresses and achievements till now, when you look back to the day when you have started this project?
We as a team, feel incredibly satisfied with the progress we have made so far, we have already provided internet access to many people. We have connected schools and universities and small rural villages empowering them with life changing connectivity. However this is just the beginning. We wont stop until half the world who have been left offline are connected and has created mass adoption of blockchain and the sharing economy, changing the way telecommunications networks operate forever!
Q3. Where i can get all the latest news about ? Do you have Twitter/Telegram/Discord community? If yes can you share the link here because there is a lot of fake telegram/twitter groups?
You can find all the latest news here in our telegram and our twitter!
Our telegram is here: https://t.me/WorldMobileTeam
Our Twitter is here: https://twitter.com/wmtoken
MEXC trading: https://t.me/MEXCTradeofficial