World Mobile Token(WMT)

Toronto, Canada, July 20th, 2023, ChainwireConflux Network, the first regulatory-compliant public blockchain in China, has today announced a new collaboration with World Mobile, the only global mobile network built on the blockchain.The partnership comes on the heels of the successful launch of the Conflux BSIM card earlier this year and will see the two companies work together initially in four areas:1) Public BridgingWorld Mobile Token (WMT) will bridge from Cardano blockchain into the Conflux blockchain ecosystem and will be the first bridge outside the Cardano ecosystem for the mobile network’s native token.2) Tech IntegrationWorld Mobile and Conflux will collaborate on the technical integration of the Conflux network into World Mobile's sidechain, AyA,bringing EarthNode capabilities and financial settlement to the Conflux network.3) Asian and African Market ExpansionConflux and World Mobile enjoy a strong presence in the Asian and African markets, respectively. The two businesses will work together to leverage these strengths to increase connectivity, drive user acquisition and further market penetration in key markets. Conflux’s CFX now ranks top 3 in most popular crypto currencies in Nigeria.This is especially relevant as Nigeria holds nearly 67% of crypto interest in Africa. World Mobile has recently concluded successful field tests of its hybrid dynamic network in Nigeria, following a successful commercial launch in Zanzibar earlier this year.4) Blockchain-based SIM card developmentWorld Mobile and Conflux will collaborate on how the mobile network can best utilize Conflux’s blockchain-based SIM card to increase access to digital connectivity across the world.YuanJie Zhang, Co-Founder of Conflux, said of the partnership: “Conflux Network takes its mission to push the frontier of Web3 adoption at a low cost, with fast speed and decentralized security very seriously. One important strategy is to promote collaboration with telecommunication service providers all over the world. World Mobile is the next significant partner Conflux brings on board after China Telecom. Together, affordable and applicable blockchain technology is bridged beyond Asia to the rest of the world.”Zachary Vann, Head of Token, World Mobile Token added: “We are excited to work with Conflux to build a more connected and inclusive future. This partnership will accelerate our market expansion in Asia and to provide connectivity globally. The Conflux network has a unique, regulatory-compliant blockchain, and the world's first blockchain-based sim cards bring many opportunities to our mobile network and our AyA chain. This is our most significant partnership to expand our network and sharing economy into the Asian markets and beyond.”About ConfluxConflux Network is a permissionless Layer 1 blockchain connecting decentralized economies across borders and protocols. Recently migrated to hybrid PoW/PoS consensus, Conflux provides a fast, secure, and scalable blockchain environment with zero congestion, low fees, and improved network security.As the only regulatory-compliant public blockchain in China, Conflux provides a unique advantage for projects building and expanding into Asia. Conflux has collaborated with global brands and government entities in the region on blockchain and metaverse initiatives, including the city of Shanghai, McDonald’s China, and Oreo.Learn more: https://confluxnetwork.org/About World MobileWorld Mobile was founded with a far-reaching goal: to connect everyone, everywhere while advocating for economic freedom and dignity. Unlike traditional mobile networks, World Mobile is based on blockchain and incentivizes people to be part of a sharing economy that taps into the trillion dollar global telecom market. Individuals and business owners around the world can operate nodes on its network and bring their community online while earning revenue.Learn more: https://worldmobile.io/ContactMelissa TireyShift6 [email protected]

Source: Depositphotos Decentralized wireless (DeWi) operator World Mobile has announced a major expansion to its African network coverage following successful field trials. The company, whose decentralized network forms part of the sharing economy, has been conducting tests in Kenya, Mozambique, and Nigeria ahead of a broader rollout across the African continent. World Mobile Does DeWi For the past few months, World Mobile has been on a mission to convince Africans to trial its cellular data service. Its message is simple: World Mobile can provide data significantly cheaper than incumbent carriers and provide better coverage, particularly in rural areas where residents can struggle to get a signal. World Mobile’s ultimate goal is to create a community-owned wireless network that spans the globe, with users incentivized to provision spare bandwidth. To get its African service up and running, however, the company has utilized TV White Space equipment. This taps into unused spectrum in the TV broadcast band, harnessing it to deliver mobile network services. To further boost bandwidth, World Mobile also utilized Starlink, the satellite internet constellation operated by SpaceX. According to World Mobile CEO Micky Watkins, “The successful completion of field tests in Kenya, Mozambique, and Nigeria, mark a significant milestone in World Mobile's mission to connect the unconnected. 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.” From Zanzibar to India and Beyond World Mobile has been steadily rolling out its services to select territories with a view to gauging demand and ensuring its network can scale to match demand. Last month, the company launched its commercial service in Zanzibar, having completed successful trials in the East African island cluster that saw 16,000 users sign up. Meanwhile, the company has announced its intention to perform periodic buybacks of its WMT token. The token is used to reward participants in World Mobile’s sharing economy and support adoption of its mobile solutions. Ultimately, World Mobile aims to forge an inclusive mobile ecosystem in which users can earn revenue while retaining a degree of ownership over network infrastructure and data. Within the radical decentralized mobile economy World Mobile is building, individuals and businesses are encouraged to operate nodes on the network. This helps provide greater network coverage while rewarding operators for their efforts. While Africa has formed the focus of World Mobile’s strategy for much of 2023, there are plans to gain a foothold in other key regions including India. Tellingly, the company recently announced the appointment of Manoj Kohli as an advisor. As the former country head of SoftBank India and CEO of Bharti Airtel, Kohli’s telecoms expertise will be pivotal in realizing this goal. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.