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.
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.
— World Mobile (@WorldMobileTeam) June 16, 2021
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.
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.