World Mobile leads the strategic deployment of ADA ecological Africa

Hello everyone, I am the host. Welcome to this AMA. The theme of this issue of AMA is WorldMobile leading the strategic layout of ADA ecological Africa. Today we are honored to invite Micky, the founder and CEO of World Mobile, and Zac, the person in charge of World MobileToken. Say hello fans!

Q1: Before the event starts, let us first ask you to introduce yourself and briefly introduce what kind of project World Mobile is?

Micky: World Mobile was founded with the ambitious goal of connecting everyone around the world with the Internet while advocating for economic freedom and dignity. Different from the traditional mobile network, the establishment of World Mobile is based on blockchain technology and sharing economy. In unconnected areas, local entrepreneurs can run low-cost nodes on our network and bring their communities online while sharing the reward - WMT.

Q2: Many Chinese users are concerned that the price of WMT will fluctuate greatly after the mainnet is launched. They will worry about the price performance of WMT and the development of the ecology. What do you think about this?

ZAC: WMT will be a utility token that empowers the network. Whenever someone uses their device to connect to the network, data and transactions will be generated on the network, and these transactions will be processed by global node operators around the world. One real use of WMT is that when a user operates a node or pledges WMT, they will receive WMT rewards. Regardless of any market conditions, WMT will have year-round utility and use cases. As we bring millions of customers onto the network, transaction volumes grow rapidly, which translates into more rewards.

Q3: In the highly competitive blockchain industry, what makes World Mobile stand out, or is there any strong barrier?

Micky: World Mobile is the first global mobile network based on blockchain technology. By combining spectrum to provide network connectivity and distribution network, and introducing a sharing economy, this really makes us stand out. No one else in the world is doing the same thing, we are making blockchain technology available at scale in a seamless way.

Q4: After listening to your reply, I believe that Chinese users will gain confidence once they have it. In addition to the three exchanges that have already been launched, is there any plan to list WMT on other exchanges or DEX? If so, which exchanges would you choose?

ZAC: We have signed cooperation agreements with Sundae Swap and ADAX. As the Cardano ecosystem begins to flourish and more and more DEXs are launched, I have established a very good relationship with the DEXs on Cardano. We will continue to release more News! Currently, we are negotiating with more than 11 exchanges, many of which are first-tier exchanges, and the development in the next few months will be blockbuster!

Q5: In China's 3G era, mobile network communication charges are very expensive. What was the early charge standard of World Mobile?

Micky: One of the key problems we want to solve is to provide affordable Internet communication rates for users around the world. For those low-income groups, the cost of Internet access is very expensive, which is very unfair. Then our desire is to take measures to reduce the cost of the network at each stage of delivery. For example, from the use of renewable energy from solar energy, the software that runs the network, the spectrum that transmits signals to equipment, we will reduce the corresponding costs.

Q6: The Chinese community has been very lively these days. Among them, the economic model of World Mobile is what everyone is most concerned about. Although it was said in the last live broadcast that CEO Micky has already explained it to everyone, everyone would like to ask you about the economic model. Any ideas for something different?

ZAC: The key to the success of mobile in the world is the sharing economy. Through the sharing economy, anyone in the world can own their own network, which will drive mass adoption. We will also use renewable energy to empower as many networks as possible to help with ecological development.

Q7: Which era is the current African telecom market similar to the Chinese telecom market?

Micky: Probably the current African telecom market is similar to the Chinese telecom market 5-10 years ago.

Q8: The friends who watched the AMA live broadcast have already participated in the lottery. Many friends in the Chinese community have bought WMT to participate in the pledge. However, there are relatively few wallets in China that support Cardano (ADA), so I would like to ask if World Mobile will promote it. What solutions?

ZAC: I've been working closely with Cardano's technical team to help many different wallets support native tokens. There are many Cardano-based solutions out there, but we want to ensure that everyone, everywhere, can safely store WMT and will continue to support native token integration on as many wallets as possible.

Q9: What is the current share of World Mobile in the African telecom market? What are the plans for the future? What kind of market share is expected to be reached in the future?

Micky: We've been deploying proofs of concept for the network and the solution, so we're in the very early stages. We have obtained our commercial license in Tanzania and are in the process of obtaining our commercial licenses in two other African countries. Our goal is to connect the unconnected - a market with huge potential in a continent where more than 800 million users are not efficiently connected. According to our plan, we intend to add millions of users in the next few years and deploy it in other countries at the same time to achieve explosive growth.

Q10: At today's event site, there are many friends who are very optimistic about World Mobile. Do you have any special insights on World Mobile and what you want to say to the friends at the scene?

ZAC: World Mobile is different from other projects in the blockchain space. We have an addressable market of over 3.5 billion people and viable products that can connect them. We're working with the world's strongest teams to find solutions to the world's toughest problems. Therefore, its development potential is huge.

Q11: What changes has World Mobile brought to African people?

Micky: Every user connected to the world mobile network will have a digital ID

As we connect one region to another, among millions of people, unprecedented talent and skills will be unearthed. We recently met with three local Zanzibari - Isa, Asisha and Mwajuma - and learned how the internet has opened up new worlds for them to take advantage of opportunities for themselves.

Q12: So what stage has the World Mobile project progressed to?

Micky: We are doing ground deployment of the actual network in Zanzibar, Tanzania. We are building a wireless network on the island and we also hope to deploy our first high altitude balloon (tethered balloon) later this year to provide extensive network coverage. We are working with the government of Zanzibar to help them develop a resource circular economy and improve the economic development of the marine and fisheries industries. Zanzibar is the perfect epitome of this technology showcase, and once successfully deployed, we will see the potential of blockchain-based sharing economies in other parts of Africa.

Okay, thank you very much. Next, we will turn our attention to the fans and friends in the live broadcast room to see what questions you have about World Mobile and want to ask Micky and Zac:

Q1: How long will the staking rewards increase?

ZAC: The staking rewards after the mainnet launch will be affected by different factors, and the economic model is deflationary. We have been developing different practical tools for WMT so that there are multiple options for staking and earning rewards

Q2: As a Chinese user, how to participate in the ecological construction of World Mobile?

Micky: Global nodes can be operated anywhere in the world, and users can help run the network by operating infrastructure and software.

Q3: Does it cost gas to receive staking rewards?

ZAC: There is no gas fee for Cardano native tokens. When sending native tokens on the Cardano network, there will be a small network fee, which is paid in ADA (Cardano). When you claim your rewards through the vault, we will ask you to send us a small amount of ADA, and we will refund you your rewards with the equivalent amount of ADA you sent. Therefore, users do not need to spend any fees to claim staking rewards.

Q4: How should Chinese users build Earth Nodes (global nodes)?

Micky: Information about running global nodes is currently being compiled by the development team, and we will share this information with the community soon.

Q5: Is there an upper and lower limit on the number of pledges?

ZAC: There is no upper or lower limit for staking, you can stake any amount in the vault.

Q6: How are Earth Nodes (global nodes) operated and maintained?

Micky: Our goal is to make running a global node as easy as installing software on a Raspberry Pi or larger server (cloud server or bare metal server). If your users are familiar with operating a Cardano node, it will be a similar process.

Q7: Will there be any losses in the currency standard of my pledged assets?

ZAC: Staking will not result in any loss of assets.

Q8: When will China be able to use World Mobile's telecom network services? What plans does the team have?

Micky: If there is a need to operate this network in China, once we successfully deploy it in Africa, we will seek to replicate this model in other parts of the world.

Q9: Will the Token I pledged in my personal vault be locked? Can I still transfer money normally on the wallet?

ZAC: The pledge will not be locked. The current stage of staking has a period of 1 month. At the beginning of the month, a snapshot of the WMT balance in your wallet will be taken. If your wallet is lower than the snapshot amount at any time, you will give up the rewards for staking at this stage, but the token Will not be locked at any time. The vault scans for staking keys associated with registered wallet addresses, so if you send any other native token or ADA from that wallet, transaction outputs for spending will not affect staking.

Q10: For the data on the chain, how to balance the impossible triangle? What kind of technical means are used to ensure safety and speed?

Micky: We are working with Input Output, one of the leading companies in the development of blockchain, which has deployed one of the most advanced consensus mechanisms (Ouroboros), which aims to solve this problem as well as some new scaling techniques, such as Hydra

Q11: Is the staking reward annualized or daily? Is there compound interest?

ZAC: The current stage is 6.1% per month. These rewards increase as your stake increases.

Q12: Is the staking reward a currency-based fixed income? If not, how is the calculation rule for income fluctuation calculated?

ZAC: The return of staking is fixed, so there is no need to calculate volatility. When the DEX launches LP incentives, we will introduce new staking, and more information will be released in the future.

Q13: How does the token in the pledge guarantee the security of assets?

ZAC: You stake through your own wallet, not a smart contract, reducing any risk of exploitation. All you need to do is keep your wallet and your seed phrase safe!

Q14: Will the pledged reward be void if not claimed for a long time?

ZAC: Staking rewards are valid until they are claimed.

Q15: Is there a strategic plan for multi-chain interoperability in the future?

Micky: Yes! We realize that one chain is not enough, multi-chain interoperability is necessary. This is our plan after realizing the main goal of "network economy and sharing economy".

Q16: How do retail investors participate in Earth Nodes (global nodes)?

ZAC: If people want to keep a global node, they will need 100,000 tokens, and then they can keep one in the vault. If people don't want to run a global node at mainnet launch, they can stake their tokens to the node operator and participate in the network that way

Okay, dear friends, due to time constraints, we will answer so many questions for the time being. For more information about World Mobile, you can follow Telegram or ask the official customer service on WeChat. Our live broadcast today will be This is the end, I look forward to more good news from World Mobile.