Wanchain Token Review
The Wanchain platform aims to develop a perfect financial market that comprises digital assets. The token connects various digital assets. With Wanchain, financial services involving different digital assets can be executed in a distributed manner. This will go a long way in yielding a financial market that comprises different business products, clients, as well as application developers.
Launch, ICO and Market Cap
On October 2017, the token was launched through an Initial Coin Offering (ICO). The project attracted huge interest and was sold out within a day. Jack Lu and Dustin Byington led the team that founded Wanchain. It is an international company with an experienced team from all over the globe. The company has office locations in Austin (Texas, USA) and Beijing (China).
Current stats according to Coinmarketcap (23/09/2019):
Circulating Supply: 106,152,493 WAN
Market cap: $26,847,034 USD
24h Volume: $5,176,722 USD
On March 23, 2018, the token started trading on Binance. Currently, you can trade the token on Binance, Kucoin and many other exchanges. At one point, Wanchain was the 70th largest crypto company in terms of the market capitalization. Now, it ranks 128th based on market cap.
Wanchain launched its token sale on October 4, 2017. The hard cap was set at 36 million dollars. At the ICO, 1 WAN = $0.34. The token sale was completed within 12 minutes. The entire hard cap was collected within this period!
On May 3, 2018, the token hit an all-time high price of $9.92. It also hit an all-time low in July 2019 when it traded for $0.217.
Wanchain provides a blockchain platform that uses cross chain transfers of different digital assets. This is achieved through the connection of account setups from different blockchains. It also provides a framework as well as a layer for financial executions on digital assets.
In addition, it is network that can effectively operate on its own. The Wanchain token has different features such as its ability to support intelligent smart contracts and enhance privacy protection techniques for financial transactions. The token is the first to provide these features all at once.
Here is a summary of the ICO:
- Total tokens issued: 210,000,000 WAN
- Tokens sold on ICO: 107,100,000 WAN
- Tokens available to project team: 42,000,000 WAN
- Fund: 39,900,000 WAN
- Network support: 21,000,000 WAN
Team and Founders
The project team consists of more than 20 professionals. Veterans in the crypto industry lead the team. The team also boasts experienced developers and advisors.
Jack Lu (CEO and Founder) was the CTO and cofounder of Factom. He used to be a Software Architect at Xerox and HP. His hands-on experience attests to the fact that Wanchain is committed to effecting change in the Fintech industry in a great way.
Ni Li and Weijia Zhang are the Vice Presidents of Business Development and Engineering, respectively. They both have years of expertise and experience in building tech on a large scale. This goes a long way to instill confidence in the project. The team also include Oliver Birch, the VP of Communications among others.
Wanchain Token Roadmap
Wanchain’s roadmap and milestones are highlighted below:
Research on privacy protection and cross chain transactions
Development of Proof of Concept
White paper published
Wanchain 1.0 went live (this comprises WANCoin, Wallet Blockchain Explorer)
Wanchain Token Technology
Wanchain is the first crypto project in the world to feature cross chain features. This is in addition to an ability to work with the ETH platform via secure multiparty computing.
Wanchain token builds on the strengths portrayed by ETH. You can run any ETH Dapp on Wanchain without creating any changes in the code. Applications can be enhanced by making use of Wanchain’s API. This will harness the token’s privacy protection and cross chain functions.
Wanchain Token Scam Accusations
There are no past or current fraud allegations against the project. One can attribute this to the team’s positive reputation.
Where to Buy Wanchain Token
You can purchase the token many exchanges, including:
If you want to build a portfolio with a great future, then you should consider including WAN in your holdings. The Wanchain community exudes positivity and goodwill. This indicates that the project will likely stick around for a long time. Fintech applications are beginning to draw the attention of financial institutions who intend to get on the blockchain. Platforms with great first impressions like Wanchain will attract a lot of positive interest in the future.
The token might have a long term value. Many experts say it is one of the most important projects in the financial market today.