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KuCoin lists World Mobile Token (WMT)

World Mobile Token (WMT) is now available on KuCoin (KCS/USD) with the trading pair WMT/USDT supported, the exchange posted on its website. Deposits are effective immediately. Cardano’s (ADA/USD) network is supported.

Trading opens on Feb 23

Trading will open at 10:00 am on Wednesday, February 23 (UTC) and withdrawals will be possible starting at 10:00 am on February 24, also UTC.

Project details

The total supply of WMT coins available is two billion. The circulating supply is just under 230 million WMT. Other details are as follows:

  • Market cap: $205,527,053
  • Issue date: December 23, 2021
  • Consensus protocol: ADA
  • 24 hour trading volume: $2,337,613       

About World Mobile Chain

WMC is the native token of a blockchain based solution to empower a sharing economy for telecommunications infrastructure. The utility token was created to connect the unconnected and bank the unbanked.

With nearly 4 billion people left offline, digital exclusion is a significant problem. Together with Input Output, World Mobile Chain will deliver a revolutionary, scalable network in Africa and beyond.

It’s on a mission to kickstart the sharing economy, reboot telecoms, and open a new world.  

Three layers of nodes

There are three layers of nodes in the proposed network model (World Mobile Chain): Earth Nodes, Air Nodes, and Aether Nodes.

Earth Nodes provide authentication, identity, blockchain, internode communication, telecommunications services.

Air Nodes provide coverage and Internet access to users. Aether Nodes provide the link to legacy telecommunications operators.

Quality grading system

The network operates a node quality grading system which is used throughout the solution as the source of information for managing quality and incentives for node operators.

These historic quality and health check parameters include values such as local latency between nodes, jitter checks, packet loss, upload and download speed tests, node uptime and several other metrics.

A “Historic Grade”

The node grading system stores all previously scored grades for each node identified by a hardware fingerprint in order to calculate the “Historic Grade”, which will be used as a weight in the random selection together with “Today’s Grade”, the most recent results of the health checks and performed communications.

   

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