World Mobile TokenPrice

(WMTX)

No, $WMTX has replaced $WMT as the primary utility token. The migration was undertaken to enable multi-chain interoperability, allowing the token to expand its presence beyond Cardano to include Base, Ethereum, and BNB Chain. This strategic move aims to broaden the network's reach and functionality across different blockchain ecosystems, enhancing accessibility and utility for a wider user base.

Holders can swap their old $WMT for $WMTX at a 1:1 ratio using the official World Mobile Token Upgrade Portal. If your tokens were on a centralized exchange, the migration was likely handled automatically. For tokens held in Cardano wallets, users typically connect a compatible wallet, like Eternl, to the portal to perform the manual upgrade. While an initial early deadline was mentioned, the portal is expected to remain open for an extended period, potentially several years, to ensure all long-term holders can complete the upgrade.

$WMTX serves as the foundational economic backbone of the World Mobile network. Its core utilities include paying for network services such as calls, data, and value-added offerings. It is also essential for node operation, required for staking to run EarthNodes (which secure the network) and AirNodes (which provide local connectivity). Furthermore, $WMTX is distributed as rewards to node operators and stakers for their contributions, fostering a sharing economy. Lastly, it enables governance, allowing holders to vote on key network proposals.

$WMTX is designed as a multi-chain token to enhance interoperability and accessibility. It natively exists on Cardano and is also available as an ERC-20 token on Base (a Layer 2 network), Ethereum, and BNB Chain. This multi-chain presence allows the token to interact with various decentralized applications and users across different blockchain environments. The project is also developing its own "World Mobile Chain," which is a Layer 3 solution built on Base, further expanding its technological footprint and network capabilities.

There are two primary methods for staking $WMTX. "Core Staking" offers a simplified approach where users lock their tokens for 30-day epochs to earn rewards, accessible on both Cardano (via the Vault) and Base (via the Staking App). For more advanced participation, "EarthNode Staking" allows users to either delegate their tokens to an existing EarthNode operator or run their own EarthNode, which typically requires a substantial amount, currently 100,000 WMTX. EarthNode stakers contribute to network security and share in transaction-based rewards.

AirNodes and EarthNodes play distinct yet complementary roles in the World Mobile network. AirNodes are physical hardware devices, similar to advanced Wi-Fi routers, that are deployed locally to provide actual internet and cellular coverage directly to end-users in specific geographic areas. In contrast, EarthNodes are software-based components that serve as the "brains" of the network. They are responsible for processing blockchain transactions, validating data, maintaining the network's ledger, and ensuring overall network security and integrity.