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Early Rewards
Early Rewards
Rewards
This document defines the Early Staking Rewards Distribution Programme, a
six-month operation following the World Mobile Token Generation Event (TGE)
and before the mainnet launch. It’s worth noting that 1 WMT can be subdivided up
to 6 decimal places (1 million units: “Marconis”).
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Early Staking
Rewards
Distribution
Fifty million tokens will split between the different stakers, according to Figure 1.
FIGURE1
If a user decides to stake their tokens using their TGE wallet, they will be permitted to stake with no
additional proof.
If a user decides to stake their tokens using a wallet that was not used in the TGE, they will be required to
send a transaction from their new wallet as proof of ownership.
As the Cardano network does not yet support smart contracts, if the tokens have not been moved from
the wallet at the end of the six months, the reward will be issued.
There will be a maximum reward available for early stakers who reserve their Earth Nodes first. You can
see in Figure 2 that rewards decrease until the final 101st-1000th node.
If not all Earth Nodes are reserved by the end of the six months, then the remaining reward tokens will be
split equally: 15% will be sent as an additional reward to the Earth Node reservists and the remaining
85% will be sent to the WM Operations Fund.
Copyright © 2021 World Mobile Token Ltd. All rights reserved. https://worldmobiletoken.com
Early Staking
Rewards
Node Number of Tokens required Tokens per Monthly dist. Monthly 6 month 6 months
Operators nodes per node cohort per node dist.per dist.per dist. per
cohort node cohort
Example 1 User reserves 1st Earth Node at the start of the Early Incentive Rewards
Programme, and keeps them in early staking for the full six months:
*Not including potential additional rewards if reservations are not full.
User reserves the 20th Earth Node in month three, keeps them in
Example 2 early staking for three months:
Copyright © 2021 World Mobile Token Ltd. All rights reserved. https://worldmobiletoken.com
Early Staking
Rewards
Stakers can stake any amount of tokens at any time during the programme. The release of tokens occurs
each time a threshold is achieved, as detailed in Figure 3.
Stakers earn rewards if they hold their tokens for a minimum of 30 days following the token release
threshold. During these 30 days, the participant must hold a minimum balance of their staked amount
taken at the snapshot to qualify for their rewards.
If a user decides to stake their tokens using the wallet in the TGE, then they will be permitted to stake
with no additional proof.
If a user decides to stake their tokens using a wallet that was not used in the TGE, they will be required to
send a transaction from their new wallet to prove they have the funds.
Each time a threshold is reached, a snapshot of the addresses that are staking in the pool is taken. At
the end of the 30 days following the threshold release, the address is checked to ensure the tokens
were held continuously.
Suppose not all thresholds are achieved at the end of the six months. In that case, the remaining reward
tokens will be split: 15% will be sent as an additional reward to the stakers (distribution will depend on
how long stakers have staked their tokens), and the remaining 85% will be sent to the WM operation
fund.
Stakers may leave and rejoin the staking pool. However, if they leave within the 30 days following the
previous threshold token release they will forfeit their rewards.
When 100 million tokens are staked in the public pool, there will be no further early staking rewards
available in this programme.
As tokens are released, they'll be added automatically to the total staked by the participant, and hence
there is a cumulative total for the next threshold.
Copyright © 2021 World Mobile Token Ltd. All rights reserved. https://worldmobiletoken.com
Early Staking
Rewards
1 500,000 45,767
2 1,000,000 91,533
3 2,000,000 183,066
4 5,000,000 457,666
5 10,000,000 915,332
6 20,000,000 1,830,664
7 30,000,000 2,745,995
8 50,000,000 4,576,659
9 100,000,000 9,153,318
Copyright © 2021 World Mobile Token Ltd. All rights reserved. https://worldmobiletoken.com
Early Staking
Rewards
Example 1 User stakes 1,000 tokens before reaching the first threshold and
keeps them in early staking until 100 million tokens are staked.
NUMBER OF TOKENS
NUMBER OF TOKENS
THRESHOLD calculation
(CUMULATIVE) EARNED
1 1,000 92 (1000/500000) x 45767
Total 1,200
Example 2 A user stakes 1,000 tokens before the fifth threshold is reached and
keeps them in early staking until 100 million tokens are staked.
NUMBER OF TOKENS
NUMBER OF TOKENS
THRESHOLD calculation
(CUMULATIVE) EARNED
5 1,000 92 (1000/10000000) x 915332
Total 549
Copyright © 2021 World Mobile Token Ltd. All rights reserved. https://worldmobiletoken.com
Early Staking
Rewards
The private sale staking pool will operate for 6 months and the rewards will be released monthly. These
rewards will be unlocked.
FIGURE 4
Example 1 User stakes 1000 tokens and then keeps them in early
staking for six months.
Copyright © 2021 World Mobile Token Ltd. All rights reserved. https://worldmobiletoken.com