• World Mobile has launched a token buyback program to support the growth of its sharing economy.
• The token purchases are made with revenue from network operations following the launch of commercial services.
• The token buyback program is part of World Mobile’s long-term strategy to create more value for its users and participants in its sharing economy.
World Mobile Launches Token Buyback Program
World Mobile has announced the launch of a token buyback program to support the sustainable growth of its sharing economy. The first buyback occurred on May 29, 2023 with more expected as revenue is generated following customer onboarding. Micky Watkins, CEO of World Mobile, said this initiative “reaffirms our commitment to both our token holders and the network operators who have and will continue to play a crucial role in the success of our sharing economy”.
Revenue To Empower Sharing Economy
The token buys are made using revenue from network operations following the launch of commercial services in East African countries earlier this year. This move aims to build a sustainable sharing economy for all participants by repurchasing World Mobile Tokens (WMT) from the open market.
World Mobile Vision
World Mobile’s vision is to create an inclusive mobile ecosystem where users can earn revenue and have more ownership over network infrastructure and data. This move is part of their long-term plan to achieve this vision and create more value for its users and participants in its sharing economy.
Expansion Across Africa, Asia, US
With plans for expansion across Africa, Asia and US underway, buybacks are expected to increase in both value and frequency as more revenue is generated following customer onboarding.
About World Mobile
Founded with a far-reaching goal –to connect everyone everywhere while advocating for economic freedom dignity – World Mobile is based on blockchain technology that incentivizes people to be part of a sharing economy that taps into the trillion dollar global telecom market allowing individuals and business owners around the world operate nodes on its network while earning revenue at no cost or risk.