World Mobile Token
Crypto Overview
Project Overview
World Mobile Token (WMT) is the native token of World Mobile Chain, designed to power a blockchain-based telecommunications network that aims to connect the unconnected in Africa and beyond. The project's core mission is to create a distributed wireless network infrastructure using a sharing economy model.
Intended Utility
WMT serves multiple functions within the World Mobile ecosystem: It acts as a governance token allowing holders to participate in network decisions, enables node operators to earn rewards for providing network coverage, and facilitates payments for telecommunications services within the network.
Actual Implementation & Usage
The project has demonstrated real-world implementation, particularly in Zanzibar, Tanzania, where they have successfully deployed network infrastructure and connected previously unserved communities. They have established partnerships with Input Output Global (IOHK) and are built on the Cardano blockchain.
Token Distribution & Economics
The token distribution shows a balanced allocation: 40% for public sale, 20% for the team and advisors (with vesting periods), 25% for network operations and growth, and 15% for future development. Team tokens are subject to a 5-year vesting schedule, indicating long-term commitment.
Development Activity
The project shows consistent development activity with regular updates to their infrastructure and network expansion. Their GitHub repositories demonstrate ongoing technical development, and they maintain transparent communication about project milestones through official channels.
Crypto Impact
To assign a comfort level investing in World Mobile Token from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to World Mobile Token.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.