The latest decentralized exchange (DEX) on the Cardano blockchain, Astroswap is partnering with mobile network provider World Mobile to enable the trading of World Mobile Token (WMT). The partnership will bring users of the network from Africa and other parts of the world to the DEX.
“It is definitely breathtaking to see this many Cardano tokens being traded on the exchange. Our bridge and the order execution speed are true innovations. We are excited to add the World Mobile Token to the long list of Cardano tokens listed on AstroSwap” CEO of Astroswap, Astronaut Yuri said.
The Astroswap team has been working to make the Cardano ecosystem more tradable at higher speed and lower cost. It is achieving this by bridging over and listing Cardano native tokens through the Swapz Bridge. The team has also provided several liquidity farms and staking pools to make the ecosystem easier to use.
By listing World Mobile Token, it is adding a significant number of traders the world over, particularly from developing parts of Africa. The network will start from East Africa initially and spread to other parts of the continent. Users of the network will be able to leverage the sharing economy and blockchain technology to connect the unconnected.
Based on the Cardano blockchain, WMT is the native token of the World Mobile network. The token is used to power the sharing economy and reward all users on the World Mobile network. World Mobile boasts of being the first mobile network run by the people for the people.
“We are excited about our collaboration with AstroSwap; we believe their unique Layer 2 solution on the Velas blockchain will allow traders to acquire the World Mobile Token on its functioning and stable DEX. In addition, we believe the integration of MetaMask will allow the WMT holders to truly unlock our token’s cross-chain potential, bringing World Mobile Token into multi-chain ecosystems.” Zachary Vann, Head of token at World Mobile Token said.
The network generates transactions on the network via calls, text messages, streaming, internet browsing, or by using any other value-added services such as healthcare, insurance, micro-loans, and other services offered through the World Mobile service. When the mainnet goes live, all transactions generated on the network will be rewarded in WMT to node operators and stakers to Earth Nodes.
Astroswap DEX was built on Cardano blockchain using a cross-chain Layer 2 solution. It uses the fast, efficient, and affordable Velas infrastructure which has recorded transaction speeds of up to 75,000 TPS. Users can bridge Cardano native tokens between Cardano Velas via Swapz that links Ethereum Virtual Machine (EVM) and non-EVM tokens.