Saturday, October 23, 2021
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

- Advertisement -

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. 

- Advertisement -
Mark Brennanhttps://thecryptobasic.com/
Mark is 27, holds a Master degree in Business Administration, and works as a content Creator at TheCryptoBasic mostly on Crypto Market Updates. Since 2014 he has been active in the crypto sector. Thanks to the Business College in which other than Business subjects, he was taught about the disruptive potential of Blockchain. His interests include Blockchain technology and Crypto Market innovations. He also founded a small startup in which he gives lectures on cryptocurrencies.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Recent News & Articles

The Bank Of Israel Aims To Launch Its CBDC On Ethereum

For now, central banks around the world are still working on developing and testing their own CBDCs, but there are new ones that are...

Russian Central Bank Head Says Russia Is Not Ready To Launch Crypto ETFs

The head of the Bank of Russia, Elvira Nabiullina gave a negative answer to the question about the possibility of trading cryptocurrency ETFs in...

Spanish Banks Anxiously Waiting For Central Bank Approval To Work With Cryptocurrencies

Spanish banks are interested in providing cryptocurrency services directly to clients and expect the Spanish Central Bank will bring regulatory clarity for crypto.

Reddit Intend To Bring Its Non Fungible Token (NFT) Platform

Reddit is looking to hire people for what could become a new platform for non-fungible tokens (NFTs) and digital goods. ...

Second Bitcoin ETF, Valkyrie Bitcoin Strategy ETF (BTF) Started Trading On Nasdaq

On the Nasdaq Stock Exchange under the ticker BTF, a Bitcoin futures ETF from Valkyrie Investments began trading at a price of $25.5.

Transient Raises $1.2 Million in IDO Public Sale to Build the Amazon of Smart Contracts

Tortola, British Virgin Islands, 22nd October, 2021, Transient Network, a Smart Contract Global Marketplace, is thrilled to announce that it has raised $1.2 million...

Binance Smart Chain Is Bringing Fee-Burning Mechanism Like Ethereum

The Binance Smart Chain (BSC) has published a proposal to improve the BEP-95 ecosystem, This new mechanism will be similar to the Ethereum chain...

Subscribe To Our Newsletter

Get Updated with All The latest Crypto News, Articles, Reviews, Analysis and much more. Delivered Every Monday.