# What is World Mobile Token?

[<mark style="color:purple;">**World Mobile Token**</mark>](https://worldmobiletoken.com/) (WMTx) is the utility token that powers the sharing economy of [<mark style="color:purple;">**World Mobile's**</mark>](https://worldmobile.io/) global mobile network. All transactions generated on the network, including calls, data usage and wallet transactions, will be paid out in WMTx to node operators and those staking WMTx.&#x20;

Transactions on the network are generated when people use the network. This includes calls, texts, streaming, Internet browsing or using any other value-added services such as content, finance, healthcare, insurance, micro-loans and more. So every time someone uses their device to connect to the World Mobile network, the token's utility comes into play.

World Mobile Token is powered by the World Mobile Chain.

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Find out more about why we need blockchain [<mark style="color:purple;">**here**</mark>](/docs/introduction/faq/why-the-need-for-a-blockchain.md).
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