How to Buy World Mobile Token
Find out how to buy and store World Mobile Token
This has been provided for informational purposes only and should not be considered financial advice.
World Mobile Token (WMT) is the utility that powers the unstoppable World Mobile network, creating a sharing economy that lets anyone benefit and earn from connecting the unconnected.
Unlike other digital assets, WMT is linked to real utility – it’s the token that EarthNode Operators earn for processing transactions on the World Mobile network, it rewards holders who stake their tokens to help secure World Mobile Chain, and its tokenomics are designed to ensure constant supply with the potential for steadily increasing the value of the token economy.
WMT is built on the Cardano blockchain as a Cardano Native Token, which means it can be transacted out of the box without smart contracts. This also means you can store your WMT directly in a supported Cardano wallet.
Here is a step-by-step guide on how to buy WMT and join the global movement that lets you earn rewards for powering the mobile network disrupting the trillion-dollar telco industry. Below is a snippet of all the exchanges WMT is listed on.
CEXs are online platforms that let you easily buy and sell digital assets, often directly using fiat currency. They are “centralised” because they conduct trading and token storage on the user’s behalf, making them the easiest and most popular way of buying and trading digital assets.
You can buy WMT from the centralised exchanges below:
Withdrawal limits: Please note that each CEX sets its own minimum withdrawal limit and withdrawal fees. If you are planning to purchase WMT on a CEX to withdraw to your wallet please do your own research on what these are to avoid disappointment.
Here’s how to buy WMT on a CEX where the token is listed:
- 1.Register to create your account on your chosen exchange website.
- 2.Verify your identity and complete any AML/KYC requirements.
- 3.Transfer funds from your local bank to the exchange account or set up a card payment option.
- 4.Use your funds or payment card to purchase USDT on the platform and buy WMT at its rate of exchange against your fiat currency.
- 5.Once you have purchased WMT on a CEX, your tokens will be stored in your account’s custodial wallet, which is operated by the exchange.
If you’re only able to sign up on an exchange that doesn’t support WMT but does support other tokens, you can buy and send these tokens to a different exchange that does support WMT trading and buy your WMT there.
To do this, you need to create another account on an exchange where WMT is listed, purchase a token supported by both exchanges from the initial exchange, find your deposit address for the new exchange and send your tokens from the old exchange to that address.
You will then receive the tokens in your new exchange account and can use them to purchase WMT as above.
If you already own Cardano or other tokens and are more familiar with crypto trading and wallets, you might want to exchange your tokens for WMT on a decentralised exchange (DEX).
Whereas a CEX is run by a company, a DEX is run entirely by smart contracts with transactions occurring on-chain. This means you will need to use tokens or stablecoins to buy WMT and other assets, not fiat.
You can exchange ADA for WMT directly on supported Cardano DEXs, no middleman required.
Below are the decentralised exchanges where WMT is listed:
Here’s how to buy WMT from a decentralised exchange:
- 1.Navigate to the DEX of your choice and enter the application.
- 2.Connect your Cardano wallet, ensuring it is supported by the DEX you are using.
- 3.Select your trading pair - in most cases this will be WMT/ADA.
- 4.Select the amount of WMT you wish to buy
- 5.Pay the corresponding amount of ADA to the DEX’s smart contract address.
- 6.You will receive your WMT directly into your Cardano wallet
If you already have ADA or other tokens in your Cardano wallet, trading on a DEX can be an easy way to access a range of tokens without needing to go through a third party. DEXs also allow you to earn by providing liquidity in the platform’s shared liquidity pool.
Please look out for news about more exchanges on the official channels. Then you'll be the first to know and you'll avoid buying tokens from unofficial sources and possibly getting scammed.
Please be careful and follow the guidance in the official Telegram group and do not take advice or send payments to anyone requesting payment via DMs.
Once you’ve purchased your WMT, you’ll need to send it to a compatible Cardano wallet to create your Vault and start earning rewards.
If you’ve bought WMT on a decentralised exchange, you may be using a supported wallet already. If you bought WMT from a centralised exchange, however, you should send create a Cardano wallet and send your tokens there to take advantage of WMT’s utility and gain full control over your assets.
As WMT is a Cardano Native Token, you will need to create a Cardano wallet that supports this technology to connect it to your Vault and start earning rewards.
Once you have created your wallet, head over to the WMT Vault page to open your Vault and connect your new wallet. When this is complete, you should see your WMT listed in the Vault interface.
Last modified 3mo ago