What is Walton (WTC)?
Future of WTC Cryptocurrency and know how to buy WTC

#1 - What is Walton?

WTC: The basics

  1. As a leader in blockchain + Internet of Things technology based on real industrial applications, WaltonChain used the blockchain to serve the real economy, to help transform and enhance the industry, to combine the frequent blockchain technology with Radio frequency identification chip and realize the value of internet of things.
  2. The WaltonChain application system uses the blockchain to combine tamper-resistance and decentralization features with RFID chip hardware, to connect the real and digital world seamlessly.
  3. Since it’s early developmental stages, WTC considered various industry application scenarios and problems; from data collection to data integrity, authenticity, security, and traceability, the chain laid a solid foundation and achieved a cross-industry data connection.  Through an innovative parent chain - child chain structure, enterprises in various industries can create and customize sub chains according to their needs.
  4. 6 large industrial child chains have been built and created already.

WTC Development  

  1. The Value Internet Of Things (VIoT) technology builds an ecosystem of business integrating into the real world with the blockchain, ushering people into a reliable digital life.
  2. WaltonChain intends to open up an era of IoT technology. Walton is, in fact, an acronym for “Wisdom Alters Label Trade Organization and Network”.
  3. Invented by Charlie Walton in the 20th century, RFID (Radio Frequency Identification Device) technology is now been widely used around the world and has become a need for mobile payment.
  4. On 30th November 2016, the fifth death anniversary of Charles Walton’s, the project was first initiated by Do Sanghyuk and Xu Fangcheng and was named WaltonChain.

 

#2 - What are the benefits of WTC?

WTC Technology

  1. In phase 1.0 of the WaltonChain project, the team developed the RFID tags based on the proprietary technology, adopting the proprietary asymmetric encryption algorithm. The RFID tags helped achieve a useful convergence of the blockchain and Internet of Things.
  2. In phase 2.0, WaltonChain should be used by clothing, retail, and logistics industry; with the flexible and powerful token creation in the trading system, Walton will benefit from all the three industries, customers and merchants.
  3. In phase 3.0, WaltonChain hopes to be widely used by manufacturers for smart packaging, product customization, and traceability. Blockchain technology will be used to keep a standardized and reliable record of an entire manufacturing procedure. Thus, will be able to provide manufacturers with low-cost data and information solution, achieving smart management.
  4. With the upgrading and innovation in the hardware, there will be an improvement of blockchain data structure. In phase 4.0 of the project, all physical assets will be registered on the blockchain. By this time, WaltonChain hopes to be widely used by the physical world, solving the trust problems involved in asset ownership.                   

 

#3 - How to buy and store WTC?

How to buy WTC

The WTC coin is listed for trading on multiple global trading exchanges and is paired with a few major cryptocurrencies like BTC, ETH, BNB, KRW, and USDT. This allows WTC users to access or obtain the WTC token by using their crypto holdings, bypassing the need for more KYC norms.   

The entire list of trading exchanges for the WTC cryptocurrency includes major global exchanges such as CoinSwitch, Binance, KuCoin, Latoken,  and more.

  1. While cryptocurrency exchanges provide you with a platform to buy or sell the WTC cryptocurrency, CoinSwitch, best cryptocurrency trading platform helps you make the right decision by providing the prices for WTC on multiple crypto exchanges. It supports more than 140 coins and 45,000 pairs of cryptocurrencies. You can choose whichever pair you want with your Walton token and CoinSwitch will facilitate the comparison at different exchanges. This way you can choose the best deal for you!
  2. What’s more - with CoinSwitch, you do not rely on a separate wallet from the exchange to store your WTC cryptocurrency. Instead, all transactions happen to and from your own personal private wallets.

WTC Storage

WaltonChain has its own secure wallet for mobile and desktop. It offers mobile wallet for both, Android and iOS. Download it from its official website.

 

#4 - What is the future of WTC token?

WTC Global Acceptance

The Market Cap ranking of the WTC cryptocurrency is 49 as of June 2018, and it holds a market capitalization of $198.6 million. A total number of 70,000,000 WTC coins are in circulation.     

Also Read: Complete Analysis of Walton | Live Walton (WTC) Price Charts And Predictions

Price History

Date

Open

High

Low

Close

Volume

Market Cap

1 June, 2018

11.21

12.30

11.01

11.20

6,953,840

349,193,000

1 May, 2018

15.48

15.57

14.30

15.41

4,789,020

481,983,000

1 March, 2018

18.60

19.97

17.36

18.76

23,994,500

463,193,000

1 January, 2018

11.38

11.90

10.62

11.34

27,012,000

283,308,000

1 November 2017

5.56

6.01

4.92

4.99

9,936,870

138,501,000

Future Prospects

  1. Walton’s child chain creation, and the transactions on the Walton network themselves consume WTC coins. Gradually as the ecosystem of Walton grows, more business should be added to the ecosystem. As a result, they will consume a growing amount of WTC tokens. So, the demand of WTC should rise.  
  2. WTC is the one and only token belonging to the parent chain in the complete business ecosystem. Any kind of cross-child-chain advanced technology attachment transmission and asset exchange will consume WTC. When the ecosystem is formed, the demands for WTC from businesses should keep increasing.
  3. The transaction fee allocation mechanism used in various vital officially-released child chains can be adjusted in a creative manner, like the transaction or sales of a child chain that will be utilized in high-frequency circulation. The maximum amount of transaction fees (around 90%) will be allocated to the wallets for child chain bookkeeping nodes, whereas a small amount (remaining 10%) will further be exchanged with WTC tokens and will be allocated to the wallets for parent chain bookkeeping nodes.
  4. Walton has also decided to enter into the agriculture, smart medical care, smart food traceability, and smart art industries in the near future.    

 

#5 - How is WTC different from other cryptocurrencies?

Let’s compare WaltonChain with VeChain, as the two blockchains are similar in nature.

  • Market Numbers (as of June 2018)

WaltonChain

VeChain

Price

$6.37 USD

$2.45 USD

Market Cap

$198,254,928 USD

$1,338,696,460 USD

Volume (24h)

$3,717,580 USD

$37,929,300 USD

Total Supply

70,000,000 WTC

873,378,637 VEN

Circulating Supply

31,144,099 WTC

547,497,243 VEN

  • The Blockchains

WaltonChain

VeChain

Idea Conception

2016

2015

Communication

RFID

RFID and NFC

Partners

Mobile Staking

Mobile Staking

Consensus Algorithm

PoST

PoS

 

#6 - Should you invest in WTC?

The Good:

  • Interoperability: The side chains and the parent of WaltonChain, both are designed in a way to transfer data between various sidechains. For completing the transactions in this case, the WTC token is needed.
  • Physical Products: There are two major components of WaltonChain - the physical products and the supply chains. This indicates that till the time there are testable results, it can be used immediately.
  • Industrial Connections: The team of WaltonChain has a great experience in the clothing industry of China. Adding to this, WTC has also partnered up with various clothing manufacturers.
  • Research Background: The WaltonChain team has an entire list of associate professors from Chinese and Korean universities.
  • WaltonChain has its own RFID chip, trackers, and scanners.
  • The value of WTC token depends on the number of sub chains it holds.
  • It also enables retail item tracking from the beginning to end.
  • WTC has its usage in the real world which helps in increasing the company's profitability.

The Bad

  1. The token users/ owners do not hold any share in the company.
  1. The masternodes of WTC earn token only when the token is moved to main chains from sub chains or in between the sub chains, which means low returns on masternodes.  

The coin is still being overlooked due to other major digital currencies. WTC will need to rise and position itself better to join the run amidst the top cryptocurrencies.

Related Searches



Exchange WTC and win upto $100 on your first order.
Exchange Now
Exchange WTC and win upto $100 on your first order.