World Mobile Unveils Token Buyback Program to Foster Growth

| Updated
by Godfrey Benjamin · 3 min read
World Mobile Unveils Token Buyback Program to Foster Growth
Photo: World Mobile

The token buyback program is poised to witness an escalation in both value and frequency as World Mobile sets its sights on expanding its presence across Africa, Asia, and the United States.

World Mobile, a leading provider of decentralized mobile network solutions, has made a significant stride toward promoting sustainable growth within the sharing economy. The company recently unveiled its token buyback program aimed at supporting the development and expansion of its innovative network infrastructure.

In a press release shared with Coinspeaker, World Mobile revealed that the initiative will enable its treasury to purchase its native utility token World Mobile Token (WMT), from the open market. Additionally, World Mobile noted that the first repurchase event took place on May 29, marking a significant milestone for the platform and its community.

It is worth noting that World Mobile’s token buyback program goes beyond enhancing the value of WMT. Additionally, the program will serve as a means of acknowledging the valuable contributions made by individuals within the sharing economy. Participants who have actively supported the development and adoption of World Mobile’s technological solutions will be eligible to receive rewards through the token buyback program.

This project not only reflects World Mobile’s dedication to sustainability but also its ambition to build a more inclusive and equitable digital world. According to the details, World Mobile’s token buyback program is fueled by the revenue generated from its network operations, specifically from the commercial services launched in an East African country earlier this year.

This approach allows World Mobile to create a sustainable reward system, ensuring that contributors in the sharing economy receive their deserved benefits.

Token Buyback Program in Sync with World Mobile’s Vision

World Mobile’s vision revolves around the creation of an inclusive and sustainable mobile ecosystem, where users have greater control over network infrastructure and data while also having the opportunity to earn revenue.

Consequently, the token buyback program is an important component of World Mobile’s long-term plan to accomplish this vision and produce additional value for its consumers and sharing economy players.

Through the buyback program, World Mobile enables users to gain more ownership and control over the network infrastructure and data. This approach challenges traditional centralized models by creating a decentralized ecosystem where users can have a direct stake and influence in the development and direction of the network.

While commenting on the update, World Mobile’s CEO Micky Watkins explained that the company aims to establish a sustainable sharing economy that benefits all participants through the buyback of WMT from the open market.

Future Projections for Buyback Program

Notably, the token buyback program is poised to witness an escalation in both value and frequency as World Mobile sets its sights on expanding its presence across Africa, Asia, and the United States.

This projected increase is directly linked to the expected surge in revenue following customer onboarding in these regions. The value of the buybacks is projected to increase as well. As World Mobile achieves traction in new markets and revenue streams improve, it will have more resources to invest in token buybacks.

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