World Mobile Token Ltd, which is enabling a new global mobile network built on the sharing economy, announces the launch of its utility-based World Mobile Token (WMT) on the Cardano blockchain. The company aims to raise 40 million USD within the first five weeks of the public sale on top of the 5 million USD it has raised privately.
The sale started on July 5 and will close on August 16 at 11 a.m. UTC. Tokens can be purchased with ADA, BNB (BEP2), BTC, DAI (ERC20), or ETH.
Token sale timeline and number of tokens available per person, per purchase:
– June 15, 20:00 UTC: Open vault creation & KYC
– July 4, 11 a.m. UTC: Reserve WMT and enter queue
– July 5, 11 a.m. UTC: Sale opens! Week 0, $2K
– July 12, 11 a.m. UTC: Week 1, $100K
– July 19, 11 a.m. UTC: Week 2, $250K
– July 26, 11 a.m. UTC: Week 3, $500K
– Aug. 2, 11 a.m. UTC: Week 4, $1M
– Aug. 9, 11 a.m. UTC: Week 5, $2M
– Aug. 16, 11 a.m. UTC: Sale closes
Globally 1.7 billion adults remain unbanked, according to the World Bank. Despite many of the technological advancements many of us take for granted, most traditional banks require a manual onboarding process and rely on credit bureaus to verify client identity. These manual, in-person procedures deny many demographics from basic services, such as the ability to open an account, apply for a loan and mortgage, or obtain access to other financial opportunities.
The World Mobile Network aims to bring sustainable connectivity to communities, in Africa and beyond, through the WMT sharing economy. The company sells affordable network nodes to local business owners and implements blockchain-based digital IDs, in turn empowering the African continent with greater economic freedom, digital inclusion, blockchain adoption, and connection to the Internet.
The World Mobile Network already operates in East Africa. Starting with Tanzania and Kenya, the company aims to bring sustainable connectivity to communities through the sharing economy. WMT will power the World Mobile Network ecosystem, allowing World Mobile Network users access to digital banking, healthcare, digital identification, and educational institutions.
“Our vision is to connect as many people as possible,” says RJ Katunda, CXO Africa at World Mobile Token LTD. “Everyone should have access to the Internet. It’s a fundamental human right. The right to access. Connectivity is a primary asset and it can be realised in a very short period of time.”
Discussing the World Mobile Token Project, CEO Platinum Crypto Academy and Editor in Chief at Cryptonaire Weekly Mr Karnav Shah says “It’s rare you come across a project that explores wider utilities of the blockchain technology, hybrid spectrum, renewable energy for building a mesh network. We are truly excited to share the World Mobile Token Sale and explain its fundamentals to our readers. The World Mobile Network aims to bring sustainable connectivity to communities, in Africa and beyond, through the WMT sharing economy. We are certain that we will have more about this promising venture and WMT Sale in our subsequent edition of Cryptoniare weekly.”
About World Mobile Token
World Mobile Token powers the World Mobile Network, a global mobile network built on blockchain and the sharing economy. With nearly 4 billion people left offline, digital exclusion is a significant problem.
Unlike traditional telecom operators, the World Mobile Network is run by the people for the people, so anyone can become a network operator and share the rewards. Together with IOHK, World Mobile and the World Mobile Token will deliver a revolutionary scalable network in Africa and beyond.
World Mobile Token believes in digital inclusion, self-data governance, environmental sustainability, decentralised identity, and financial empowerment for all.
To find out more visit: www.worldmobiletoken.com
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