A new chapter begins for World Mobile as it announces a novel buyback program. World Mobile, a revolutionary mobile network built on blockchain technology, is set to roll out a token buyback scheme designed to foster the sustainable growth of its sharing economy.
The scheme, which kicked off at the end of May, involves World Mobile’s treasury buying back its native utility token, WMT, from the open market. This move is aimed at rewarding the participants who have significantly contributed to the network's growth.
A press release reveals that the first buyback has already taken place on May 29, primarily benefiting those who have been instrumental in the network's development.
World Mobile's CEO, Micky Watkins, views the buyback initiative as a reaffirmation of the company's commitment to token holders and operators. He emphasizes their crucial role in the network’s shared economy and states, "By repurchasing World Mobile Tokens (WMT) from the open market, we aim to build a sustainable sharing economy for all our participants. We believe that executing on our business model and initiating buybacks from real-world revenue strengthens the overall stability and utility of the World Mobile ecosystem."
World Mobile's overarching goal is to establish a sustainable mobile ecosystem where customers can generate revenue and exercise greater ownership over data and infrastructure. The token buyback program aligns with this long-term strategy, promising added value for its users.
The network also recently announced successful field tests of its DeWi technology in Nigeria, Kenya, and Mozambique. These tests demonstrated the scalability of World Mobile's hybrid-connectivity solution, signaling the potential for expanding services across Africa.
Serving as a lifeline for rural areas often overlooked by leading providers, World Mobile delivers affordable internet access via its blockchain-built network.
Elaborating on the successful tests, CEO Watkins said, "These tests validate the feasibility and scalability of our DeWi technology, bringing us one step closer to providing affordable and reliable internet access to both rural and underserved areas worldwide.” Thus, World Mobile is not just making strides in its business growth but also contributing significantly to the global digital inclusion drive.
