Wednesday, June 29, 2022
Home Crypto News Market Input Output Global (IOG) Partner World Mobile Launching Their Token On Cardano

Input Output Global (IOG) Partner World Mobile Launching Their Token On Cardano

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Two months ago Input-Output Global (IOG) announced partnership with World Mobile. The objective was to “connect the unconnected” provide African majority with internet connection and make voices of those heard that are deep back from the modern world.

Read: Weiss Ratings Shows Cardano Technology Is Superior Than Ethereum


Now World Mobile is taking another step by launching World Mobile Token on Cardano. World Mobile aim is to raise 40 Million USD in one month time. They have already raised $5 million in a private token sale.

Read: Nasdaq Admire Cardano As “By The People, For The People” Type Of Currency

World Mobile is based on IOG’s Atala PRISM. The main goal of token launch and fund raising is to allow everyone in Africa to have access of global financial system by creating a “WMT sharing economy”. To connect basic necessities deprived African population with banking, finance, education, healthcare and more.

Read: Charles Hoskinson Announced That Cardano Developers Will Soon Release New Research Paper On Algorithmic Stablecoins

Why Cardano:

Sean Inggs, Director of World Mobile Token says that World Mobile Token will push our vision forward:

WMT will fuel our ecosystem to empower thousands to obtain access to basic necessities including identification, access to education, banking and other fundamental services.

CEO of World Mobile, Micky Watkins tells why company decided to launch their WMT token on cardano:

We chose Cardano for their Ouroboros consensus mechanism, Plutus Platform smart contracts, and Atala Prism Digital IDs (DID), which are essential in unlocking access to banking and other financial or insurance services such as micro-loans.

He further said:

Our mission is to create a sustainable and affordable global mobile network promoting data protection, economic freedom, and digital inclusion. Since we’re starting in Africa, where connectivity is in the highest demand, Cardano’s African focus aligns with ours.

Cardano ecosystem is growing rapidly. Please remember that price of ADA matters but what matter the most is Cardano adoption. If cardano is adopted globally, there is no doubt that Cardano price will follow.  


So Cardano believers must hold their tokens for long term (Atleast Five Years). Cardano network is growing exponentially and there is not a single doubt that early adopters will reap the rewards in the long term. 

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The content is for informational purposes only and may include the author’s personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

Mark Brennan
Mark Brennan has been active in the cryptocurrency sector since 2014. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class.


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