Join the Community Update AMA tomorrow on X Spaces for the latest updates & a live Q&A.
Wednesday, February 26th at 16:00 UTC
Call summary:
1. Rebranding & New Identity
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Why Rebrand?
- Reflects World Mobile’s significant evolution and ambition to disrupt the telecom industry.
- Moves beyond merely “connecting the unconnected” which was too restrictive - to connect everyone everywhere - empowering users with ownership and control over their connectivity and data.
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The Yellow Wave
- The bold yellow color is chosen for its energy and distinctiveness in a market dominated by blues, reds, and blacks.
- Symbolizes disruption and helps set the brand apart visually and in its mission.
2. Website Transformation
- The new website is a complete redesign and replatforming—not just a visual facelift.
- It offers a clear, seamless user experience for signing up for phone plans, staking, purchasing airnodes, and exploring the world mobile ecosystem.
- It will continue evolving based on regular updates and community feedback.
3. Unified Brand Vision
- Aims to consolidate multiple brand identities into a single, unified platform.
- New visual assets and an updated toolkit will be provided for community members, content creators, and partners.
4. First Truly Web3 Integrated Phone Plans
- New phone plans combine traditional mobile services with decentralized incentives:
- Staking rewards (cashback-style rewards in WMT tokens)
- Industry-leading SIM security, encryption, and decentralized storage.
- These plans offer a premium mobile experience and have generated massive excitement in the community.
5. Integrated Decentralized Incentives & Transparency
- Staking Rewards & Ownership:
- Rewards are built directly into the subscription model.
- Security & Privacy:
- Emphasis on advanced SIM security, encryption, and decentralized data storage.
- Transparency:
- Clear, no-contract plans that allow users to switch or cancel anytime, avoiding hidden fees and surprise charges common with legacy carriers.
6. Coverage & Global Reach
- U.S. Coverage:
- Designed to be as extensive as major carriers (T-Mobile, Verizon, AT&T), including underserved areas.
- International Calling:
- All plans include international calling.
- Global Access Reliability:
- The global plan leverages direct partnerships with mobile network operators to deliver premium service across 60+ countries.
7. Comparison with Legacy Providers & Pricing Strategy
- Legacy Carrier Critique:
- Traditional providers rely on hidden fees, forced contracts, and data monetization.
- Mid-Market Positioning:
- World Mobile focuses on superior value, offering enhanced services, ownership benefits, and sustainable economic incentives.
- Long-Term Vision:
- While costs may drop dramatically in the future, the goal is to build a sustainable, incentive-driven ecosystem for all participants in the sharing economy.
8. Cashback and Data Priority
- Cashback Mechanism:
- Revenue buybacks by World Mobile distribute a proportional share back to subscribers.
- Priority High Speed Data:
- U.S. plans provide a fixed amount of high-speed data (e.g., 10GB for the Essential plan, 30GB for the Advanced plan).
- After the threshold is reached, data speeds adjust (without cutoff or overage fees) ensuring continued service at slower speeds during congestion.
9. Security, Insurance, and Family Plan Options
- Security Insurance Coverage:
- Protects subscribers if their SIM is misused, covering losses in monetary value or cryptocurrency.
- Additional Lines / Family Plans:
- Options to add extra lines at discounted rates are available (details currently in the broadband fact sheet) with plans to rebrand these as “family plans” for clarity.
10. User Privacy and Network Founder Program
- Data Privacy:
- All traffic is routed through secure tunnels; user identities are protected using decentralized identifiers (DIDs) and encrypted storage.
- Network Founders:
- The first 1,000 subscribers (via wait list/magic link) who become network founders receive bonus tokens based on their upfront payment commitment (e.g., 100% bonus for a 12-month commitment, 50% for 6 months).
- These bonuses are locked within the ecosystem for staking and yield additional rewards and exclusive perks (such as event access and team meetings).
11. Staking and Rewards Mechanisms
- Different Staking Modes:
- Core Staking: Early rewards available for a few months.
- Earth Node Staking: Rewards sourced from the earth node operator pool and network revenue. It will replace Core Staking when live.
- Premier Staking: Rewards are derived directly from real revenue buybacks rather than a fixed allocation; structured to support the sharing economy.
- Staking Logistics:
- Premier staking rewards are based on WMTX stakes and the selected tier.
- Tokens are vested for a set time, remain under the user’s control, and generate rewards.
12. Platform Developments, Node Drops, and Network Growth
- Node Airnodes Drops:
- Recent “spark drops” have sold out quickly, indicating strong community engagement.
- New Airnodes operators can expect to claim their first earnings roughly one month after full monthly rewards are received.
- Platform Upgrades:
- The existing node management platform is being updated with new branding, enhanced dashboards, and additional features for community interaction.
- Growth Vision:
- The network is projected to expand exponentially, with plans for hundreds of thousands of nodes.
13. Grant Program and Testnet Engagement
- Grant Program:
- A $25 million grant program is underway, attracting projects from both the AI and telecom sectors.
- Testnet and Community Involvement:
- The public testnet is active, showing record transaction volumes and hosting diverse projects (e.g., NFT marketplaces).
- Community members are encouraged to join Discord for further details and support.
14. Founders Plan Eligibility
- First Thousand Signups:
- Subscribers who signed up via the wait list and magic link should watch their emails for notifications.
- Founder Perks:
- The first thousand paid customers (network founders) will retain lifetime benefits, including permanent discounts and exclusive rewards.
15. MWC25 & Global Engagement
- MWC25 Participation:
- World Mobile will have a strong presence at MWC25 with meetings, workshops, and sessions—including a case study on the sharing economy.
- Collaboration with GSMA’s blockchain leader is also underway.
16. Mobile Plans & Data Prioritization
- Plan Details:
- Mobile plans feature “10GB of priority data” followed by unlimited data.
- After the priority data is used, users experience speed adjustments (deprioritization) rather than hard throttle or overage fees.
17. Privacy, Pricing & Ecosystem Advantages
- Privacy & Security:
- The model emphasizes protecting user data and privacy, contrasting sharply with traditional telecom practices.
- Pricing Model:
- Designed to maintain or lower prices over time, rather than continually increasing costs or locking users into long-term contracts.
- Rewards & Incentives:
- Additional benefits include staking rewards (e.g., 15% on phone plans), referral bonuses, hardware discounts, and access to partner services (like Spotify and Dragon Pass).
18. App Development, Infrastructure & Future Capabilities
- Mobile App Rollout:
- The iOS app is currently in internal use; a public release (and an Android version for managing “scamper points”) is expected in 6–8 weeks.
- Points earned can be redeemed for various services or vouchers.
- Infrastructure Expansion:
- The network is expanding its reliance on Earth node operators, with plans to shift much of the cloud infrastructure to these nodes.
- On-Chain Integration:
- Efforts are underway to bring users on chain, with plans to deploy wallets for every user soon.
19. Additional Topics & Upcoming Announcements
- Payment Options:
- Support for stablecoin payments and WMTx for phone plans will be available from launch.
- Retail & Hardware Financing:
- Discussions include potential partnerships with phone manufacturers and brick-and-mortar stores for financing and distributing the plans.