Genius Yield Partners Cardano Blockchain Powered World Mobile Token for Fueling DeFi Adoption
Genius Yield is partnering with the World Mobile Token, a Cardano-powered platform that seeks to fuel a multi-trillion dollar international mobile network, to expedite DeFi uptake. The objective of this partnership is to facilitate access to financial learning while introducing real DeFi use cases for everyday customers.
The World Mobile Token is a utility token used on the World Mobile global cellular network to facilitate the network’s decentralized sharing economy. Operators and staking participants in the network will be compensated in WMT for all network-generated transactions. Calls, messages, streams, web browsing, and the use of additional value-added services including content, banking, healthcare, insurance, microloans, and more are all examples of how the World Mobile service generates network transactions.
If you want to use DeFi, you can now thanks to Genius Yield, an all-in-one protocol built on Cardano. In a mitigated setting built on security, transparency, and automation, our solutions enable participants to enjoy the advantages of DeFi with no effort.
Promoting digital inclusion is one of World Mobile Token’s main goals; by establishing a dynamic hybrid mobile network of aerial and ground assets, it will be possible to link the disconnected and finance the unbanked, thereby contributing to the 17 UN Sustainable Development Goals (SDGs). Because of its goal to provide consumers with banking, insurance, small loans, RealFi, and more, World Mobile has joined forces with IOHK.
With this agreement, Genius Yield and World Mobile Token will mutually support one other’s tokens inside their respective protocols, furthering the goals of blockchain technology to foster greater interoperability and composability. As a result, this will increase the value of their tokens on the market.
The Genius DEX and Smart Liquidity Vault will both accept World Mobile Token, which will be used to fund Genius Yield’s liquidity pools. The Smart Liquidity Vault, or Yield Optimizer, is an AI-powered platform that sits atop the Genius DEX. However, Genius Yield will be responsible for operating a World Mobile Token (WMT) EarthNode and setting up the off-chain order matching bot, Smart Order Router. When it comes to protecting the World Mobile Token’s ecosystem and handling transactions, the EarthNode is vital.
When used in conjunction with the World Mobile app, WMT serves as a means of payment for content delivery, game play, and digital goods and services throughout the World Mobile network’s worldwide mobile ecosystem. With the staking function of the Genius DEX, WMT holders may stake in fixed pools to increase their WMT income.
Furthermore, Genius Yield and World Mobile Token will create and produce 2,000 utility NFTs in collaboration. Those who want to stake their NFTs with WMT on the Genius DEX will enjoy a greater WMT yield. In addition, NFT members will get priority access to VIP areas and World Mobile app features. In the second quarter of 2023, holders will get a 25% discount on the one-year, paid blockchain course provided by Genius Academy.
The distribution of the 2,000 NFTs will be as follows:
- The World Mobile Token community and EarthNode operators will get 1000 NFTs through airdrop.
- There will be a distribution of 1,000 NFTs to the Genius Yield community.
By providing in-depth materials, Genius Academy arms its audience with the knowledge they need to make sense of the complex and ever-changing crypto and DeFi ecosystems.
The platform has recruited three of the world’s foremost authorities on cryptocurrencies and blockchain technology: Dr. Lars Brunjes, Christopher Fox, and Loic Staub, and formed fruitful relationships with PSL University (Paris Sciences & Lettres), an umbrella organization uniting eleven of France’s most prestigious institutions and technical schools.
Genius Academy has partnered with PSL University to provide a degree program designed exclusively for mid-career executive professionals. This program will be taught by faculty from MINES Paris — PSL and Paris Dauphine University.
During the inaugural Hackathon for Haskell and Plutus in Latin America (LATAM) taking place at Universidad Tecnológica Nacional (UTN), Argentina, Genius Yield and World Mobile Token will also showcase their concepts via livestream. On September 3rd and 4th, 2022, UTN and Ada Solar, a Cardano-based initiative that harnesses solar power’s promise to democratize electricity, will host a conference. This event is sponsored by Genius Yield, CardanoFeed.com, AnetaBTC, Tosidrop, and the development team behind the Cardano blockchain, Input-Output Global (IOG).