Welcome to this weeks Just The Metrics

Hello & Happy Sunday,

here is Just The Metrics - this week we have something special for you:

A deep-dive-Newsletter into World Mobile's and IOG's collaboration on a mission to bank the unbanked.

Because one thing we often forget in crypto: a project is only as good as its real-world use case and business model.

But promise, next week we will be back with the usual👇

Cardano & World Mobile on a mission to bank the unbanked

YouTuber Dan Gambardello (@cryptorecruitr) calls it: "Live impacting and a world-changing kind of thing" in his Video from the 10th of August.

Dan is talking about the World Mobile Group - a global telecommunications operator.

Why is he so excited about a telecom company?

World Mobile is not just a traditional infrastructure provider whose most significant innovation is to tear up the sidewalk in front of your door and lay fiber optic cable (this is what they currently do in my street 😄).

Instead, World Mobile partnered with Cardano to provide an internet connection to the most remote locations in the world through a mobile network built on the Cardano Blockchain.

Recently, this Project has led to some very interesting conversations between Marc Cuban - Investor and Shark Tank veteran, and Micky Watkins - Founder and CEO of World Mobile Group.

If you wanna read the full conversation, it's right here 👇

In summary, this passionate and public conversation illustrates the different approaches and Marc Cuban's questioning of World Mobiles Business Models.

That's why we deep-dive into this collaboration between World Mobile and Cardano to share the vision and insights about this project.

About World Mobile

World Mobile Global Ltd. is a UK-based mobile network operator building infrastructure for last-mile connectivity.

Why another network provider?

World Mobile differs from traditional mobile network operators (MNOs). Its mission is to create an innovative and high-impact mobile network with a tangible socio-economic effect.

What does that mean?

Currently, almost 4.66 billion people worldwide have access to the internet, which is about 53% of the global population. Unfortunately, this means the other half of nearly 4 billion people have no or only limited access.

And this at a time when many people take access to the internet as much for granted as the air they breathe:

• Groceries and food

• banking transactions

• Shopping for clothes, furniture, etc.

We all do it online.

Many of us even work 100% from home via the internet.

But next to those more convenient things, people without internet access lack the opportunity to participate in this vast online economy. Additionally, they have no access to financial services or even education.

Now imagine a day without the internet. Unfortunately, this is the reality for 4 billion people in the world's most remote places.

Why is that?

Traditional mobile network operators (MNOs) don’t want to invest in remote places because it is not profitable and difficult to maintain the network infrastructure.

According to the World Economic Forum, it takes 2 years for traditional MNOs to turn a profit from connecting areas that are currently offline. For most networks, that’s reason enough not to try.

Here, World Mobile differs from traditional mobile MNOs: they are the first mobile network operator built on blockchain, renewable energy, hybrid network, and the sharing economy. This approach aims to provide a legacy infrastructure to connect the other half of the population with the internet.

How does World Mobile Work?

Many tech companies, including Google and Facebook, have tried to solve this problem. However, after nine years of experimenting, Google’s parent company, Alphabet, ended its subsidiary, Project Loon.

World Mobile is different, and this is because of the hybrid network model. By using it, the connection can go further and cheaper while delivering lightning-fast internet speeds.

• They use fiber optics that have been laid out throughout the continent and pick up on the last mile of fiber.

• Using alternative spectrums like free-space optics or other radio spectrums that do not require licensing

• The spectrums connect to multiple air nodes to create a mesh network, providing internet coverage.

• Each air node provides reliable Wi-Fi internet to 500 to 700 people

The alternative spectrums do not require licensing. This massive tax saving translates to cheaper internet for end users.

Additionally, World Mobile is creating digital IDs for every World Mobile user with Atala PRISM, an all-in-one identity solution based on the Cardano Blockchain. Once people have a digital ID, they can access healthcare, education, and digital banking, among other things.

The World Mobile Token Scan shows the real-time progress of World Mobile and its current activities, expanding the first network in Zanzibar.

Just The Metrics

So according to the name of this Newsletter, we will of cause have a look at World Mobiles metrics and Business Model.

Business Model

As of writing, World Mobile provides an internet connection for 6679 Zanzibaris with almost 150 nodes up in East Africa.

World Mobile's average revenue per user (ARPU) in Tanzania of $3 per month.

Looking at the potential here:

working with the world’s leading aerostat providers and each aerostat will eventually connect up to 100,000 subscribers. Having approx. 30 million people without internet connection in Tanzania alone would increase the user base immensely.

What is so special about this business model is, that it builds upon the idea of a shared economy:

Unlike traditional MNOs, World Mobile is based on the sharing economy, selling affordable network nodes to local business owners so they have the power to connect themselves and others while sharing the rewards.

Hence, users, not huge telecommunication companies, will own the network.

Air nodes will be priced with a one-off fee of about $7,000, financed with microcredits. Owners can earn rewards in the form of World Mobile Token (WMT), a digital native token on the Cardano network, as people connect to the internet through their access points.

That allows local businesses in remote areas to earn more than double the average yearly salary while also providing internet coverage to their local area for the first time.

Tokenomics

The World Mobile Token is mainly used to share the rewards between the participants in the network.

29% of the total World Mobile Tokens are distributed to stakers and node operators.

Here is a detailed description of the initial allocation of World mobile tokens.

• (29%) Node Operator

• (19.25%) Co-Founders & Team — 18 and 12 months lock up, Token unlock linearly over 24 months

• (7.85%) Partnerships — Allocated at the time of partnerships

• (2.5%) Private Sale — 9 months lock up

• (2.5%) Early staking rewards

• (18%) WM Operation fund — 24 months lock up, 48 Months linear unlock

• (10%) Public Sale — No Linear unlock

• (5.9%) Advisors — 12 months lock up — 24 months linear unlock

• (2%) Community fund

• (3%) Incentive rewards

• Total supply: 2B WMT

World Mobile Tokens can be used for services, such as calling, sending text messages, and data usage. Since the value of the token can fluctuate, the token will work alongside a stablecoin, which will be pegged to the local currency.

Why Cardano?

The foundation of the partnership between World Mobile and IOG was formed from two different visions but with a common goal:

Cardano seeks to bank the unbanked, and World Mobile connects the unconnected.

The one can not be done without the other.

World Mobile has also considered other networks, such as Ethereum, but they believe that transitioning from a proof-of-work consensus to a proof-of-stake could bring issues. In addition, they see Cardano as a more scalable network.

Building a hybrid public-private Blockchain:

Cardano will be the public component, and the World Mobile Chain, the private part of this hybrid blockchain, running as a side chain.

The former will also operate as the public financial settlement layer, the latter as the distributed data layer.

Conclusion

This Twitter debate between Marc Cuban and Micky Watkins shows that regardless of the hypes, skepticism, and narratives around blockchains, in the end, it's all about the real-world utility and solutions the blockchain can provide.

The value of World Mobile and its token WMT lies in real-world utility and a sound business model that holds up even against legit and challenging questions.

💎 Gem of the Week 🧵

Ok, that's it for now. If you like what you are getting here, please

Share Just The Metrics

with friends, family, or just other crazy crypto enthusiasts

Give us Feedback!

We would love to hear from you!

• What did you like?

• What can we do better?

• Which topics are you interested in?

Write us, we will read and answer every email, pinky promise :)

If you want to learn more about crypto metrics and fundamentals give us a follow

@Dimoneymindset and @Soorajksaju2

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.