World Cellular launches token buyback program, leveraging income to empower its sharing financial system

World Cellular has introduced the launch of a token buyback program to help the sustainable development of its sharing financial system. The token buyback program will see World Cellular’s treasury buy its native utility token, World Cellular Token (WMT), from the open market. The primary buyback occurred on Could 29.

The token buyback program will accumulate rewards for members within the World Cellular sharing financial system who’ve contributed to creating and adopting its revolutionary cell options. The token purchases are made utilizing income from its community operations following the launch of economic providers within the East African nation earlier this yr. 

World Cellular CEO Micky Watkins stated: “The token buyback program reaffirms our dedication to each our token holders and the community operators who’ve and can proceed to play an important function within the success of our sharing financial system. By repurchasing World Cellular Tokens (WMT) from the open market, we goal to construct a sustainable sharing financial system for all our members. We consider that by executing on our enterprise mannequin and initiating buybacks from real-world income is a big step in direction of mass adoption and strengthens the general stability and utility of the World Cellular ecosystem.”

World Cellular’s imaginative and prescient is to create a extra inclusive and sustainable cell ecosystem the place customers can earn income and have extra possession over community infrastructure and knowledge. The token buyback program is a part of World Cellular’s long-term technique to realize this imaginative and prescient and create extra worth for its customers and members in its sharing financial system. 

With World Cellular planning growth throughout Africa, Asia, and the US, buybacks are anticipated to extend in each worth and frequency as extra income is generated following buyer onboarding. 

About World Cellular

World Cellular was based with a far-reaching objective: to attach everybody all over the place whereas advocating for financial freedom and dignity. In contrast to conventional cell networks, World Cellular relies on blockchain and incentivizes individuals to be a part of a sharing financial system that faucets into the trillion-dollar world telecom market. People and enterprise house owners worldwide can function nodes on its community and convey their group on-line whereas incomes income.

Be taught extra: https://worldmobile.io/