World Mobile has launched a token buyback program as part of its mission to establish a sustainable sharing economy. The program involves World Mobile’s treasury purchasing World Mobile Tokens (WMT) from the open market using revenue generated from commercial services.
The bought-back tokens will be redistributed as rewards, supporting the growth of the sharing economy and enhancing the stability and utility of the overall ecosystem. The first token buyback took place on May 29, 2023, and future buybacks will occur at random intervals to maintain the integrity of the World Mobile Chain. The program aims to support the sharing economy, build a sustainable ecosystem, and align with World Mobile’s global expansion plans.
As World Mobile expands its services, the value and frequency of token buybacks will increase, further strengthening the ecosystem and benefiting participants. The token buyback program is a key component of World Mobile’s vision for an inclusive and sustainable mobile ecosystem.
For more details on the token buyback program, please check out the World Mobile Blog and Twitter post.