ADAX Signs a Strategic Partnership with World Mobile Token
The team behind ADAX is ecstatic. We have just signed a momentous partnership with World Mobile, a provider of innovative blockchain telecommunications infrastructure that fosters the power of the sharing economy. This mutually-beneficial partnership is anticipated to result in closer ties between our communities of crypto enthusiasts, increase the liquidity of projects’ tokens, and lay the foundations for a fruitful collaboration that advances global connectivity and financial inclusion.
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While chasing the latest DeFi trend, it is easy to forget that half of the world is still offline. Cost and maintenance considerations have so far prevented established mobile networks from establishing connectivity in remote places, thus accentuating the hardships that stem from digital exclusion.
World Mobile Chain has been the missing link — a novel blockchain-based telecommunications infrastructure that cuts operational costs through the sharing economy, connecting everyone, everywhere. In partnering up with the World Mobile Token (WMT), the project’s utility token, ADAX is throwing its weight behind the goal to democratize access to digital, financial, and social services in the outer reaches of our world.
As per our agreement, the synergies between our projects will be utilized through coordinated liquidity sharing between mutual and ADA-related liquidity pools. Additionally, further collaboration opportunities include various expansions in token utility associated with on-chain staking and improvements in the supply liquidity of the WMT/ADAX pair.
About World Mobile
World Mobile was founded with a far-reaching goal to connect everyone, everywhere. Unlike traditional mobile networks, World Mobile is built on the blockchain and operates within the sharing economy, providing affordable network nodes and rewarding local business owners around the world. Network subscribers can access Input Output’s digital identity solution, Atala PRISM, allowing them to use digital services such as banking, healthcare, and education. The World Mobile Token (WMT) is the utility token at the heart of the World Mobile Chain, providing an incentive for node operators to run their own nodes and for token holders to support the network through staking. WMT is the first of its kind to go the extra mile and connect the unconnected.
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ADAX is an automated liquidity protocol that facilitates non-custodial and censorship-resistant trades within the Cardano ecosystem. ADAX seeks to obviate the need for centralized middlemen, facilitating token swaps, providing ample asset liquidity, and broader reorientation of the DeFi world towards Cardano. ADAX users will be able to effortlessly execute smart contract-based trades instantly and only at a fraction of the cost of the Ethereum network.