Quick question about WMTx repurchases—once tokens are bought back, are they permanently burned, or are they held in reserve? Trying to understand if this reduces the circulating supply or if they remain available for future use. Anyone have insights on how this is handled?
Great question, @Gladir, and welcome to the community!
Repurchased WMTx is not burned. Instead, these tokens are held in reserve and primarily used to reward operators and token holders through staking. They may also be allocated for ecosystem incentives, liquidity management, or future network needs as the project evolves.
There will be a total supply of 2 billion WMT, and this supply will remain fixed.
As the network grows, customer transactions generate revenue, which the World Mobile Treasury uses to buy WMT from the open market to reward node operators and stakers. This cycle sustains the network while ensuring a fixed token supply and long-term sustainability.
Thanks. And will those 13 million from DITO generate revenue for WMC so that buybacks will increase?
These 13 million customers will pay DITO directly, and since DITO leverages World Mobile’s AirNode infrastructure, they’ll be generating usage fees on WMC. This increased revenue from usage helps boost buybacks over time —much like WorldCall does in Pakistan. So yes, these customers will indirectly drive up buybacks as DITO grows its network.