Wachain's Progress and Potential

In the previous two articles, I wrote about about what Wanchain is all about. In this post, I'll be talking about Wanchain's achievements thus far. I believe that if you have invested in cryptocurrencies, you will know that the updates from that particular cryptocurrency gives you assurance. Those updates are a form of accountability to you, the investor and informing you of how on track the project is. Wanchain for example, has been posting updates of their project on their twitter account. There are also Medium articles detailing a rather comprehensive progress report on all their recent achievements.

Image source

Based on their recent progress report , Wanchain has been pretty busy lately, testing their latest Wanchain 3.0 Bitcoin interoperability. This is due to be completed by the end of this year (2018). The testing, or specifically, their alpha testing of Wanchain 3.0 is significant for a few reasons. For one, if this succeeds, Wanchain will have cross-chain capabilities with Bitcoin. They already have that capability with Ethereum and I am personally thrilled with the fact that any DApps, project or decentralized exchange built on the Ethereum blockchain will be able to interoperate with Wanchain. This would allow the different projects built on Wanchain and Ethereum to interact. While this may seem rather trivial, I think this is part of a bigger picture, so hear me out.

First, I will touch on two aspects, Wanchain's roadmap and focus as a 'crypto-bank' and Wanchain's Wanlabs. In a previous post, I pointed out how Wanchain plans to focus on use cases such as digital currency debit , credit, settlements, payments, investing and financing. Essentially, having interoperability between different cryptocurrencies is a very strategic move. If Wanchain does not focus on interoperability, yet, decides to be a an avenue for cryptocurrency projects to seek financing and investing, they will lose most of their potential customers to Ethereum. Now, if Wanchain has blockchain interoperability, any project that is built on Wanchain's blockchain will still have access to Ethereum's marketcap and very soon, Bitcoin's marketcap. This creates liquidity as Bitcoin and Ethereum take up more than half of the entire cryptocurrency marketcap. This is approximately 135 billion dollars. Thus, any investor or project can build their project on Wanchain's blockchain and not worry about missing out on investors from both Bitcoin and Ethereum.

However, Wanchain is still a different blockchain and interoperability or not, there just isn't enough developers and human capital to build on their blockchain as compared to Ethereum. This is where Wanlabs comes in. Over the past few months, Wanlabs has been incubating and preparing different projects built on Wanchain's blockchain for launch. These projects will also have the blockchain interoperability capabilities of Wanchain. Furthermore, Wanchain will provide these projects with advisory, guidance, funding and even marketing.

Image source

With this, Wanchain isn't just building projects and ecosystem, it is adding value by helping different revolutionary projects succeed. Unlike a certain ahem... Ethereum Kitty project. I admire how Wanlabs is taking the time to build and nurture other projects within their ecosystem. Wanchain sits on the 55th place in terms of cryptocurrency marketcap. Realistically, if they wanted to increase their marketcap, they should be dishing out different projects quickly. In addition, they could require the use of Wanchain's token in all of these projects. This will create demand for the token and also increase the price. However, they are doing the complete opposite because it is my opinion that they are focusing on quality projects which is in line with their project's fundamentals even if this can be slow and difficult. Thus, I respect them for that.

Other noteworthy things that Wanchain is doing is attending conferences all over the world including Shanghai, New Zealand, Australia and Singapore. Furthermore, they have also recently partnered Bittemple in Singapore and Wanchain has also recently joined the Enterprise Ethereum Alliance (EEA). There are many other milestones that Wanchain has achieved and you can check out their most recent report here.

Wanchain has a few competitors in the form of Aion and Icon. We looked at what Wanchain is up to and while they are all great, there are other aspects on Wanchain's token (WAN) that makes it a particularly tempting buy. For one, it is at 1 USD at the moment with a potential to move back up to its all time high of about 10 USD. However, how does it stack up to Aion and Icon. First, lets look at all time highs, in this area, Icon dominates, having been to an all time high of 12 USD, there is still potential for it to head up there again. However, it has fallen to an even lower value as compared to Wanchain. This in my opinion suggests that the hype is gone.

Some may argue that Aion is much similar to Wanchain and having been to about 10 USD as well, it may hold the same potential as Wanchain. Now, looking at all time highs are great, but there is another aspect that we should look at, that is the total supply of Wanchain. This is important because the lesser the token supply the more valuable the token will become once funds start pouring into the project. With that said, Wanchain holds the lowest supply among Aion and Icon. As such, I believe that after more projects are launched from Wanlabs, we could see more liquidity and thus a higher price for Wanchain. Also, it should be noted that Wanchain is one of the quickest ICOs to sell out in 2017. All their tokens were sold out in less than a minute.

Image source

Things look pretty grim at the moment in the cryptocurrency market with many waiting for the bulls to return. However, I think Wanchain's true worth will show once we see another bull run in the market. I do think that all signs point to a coin that is valued much higher than it is now. The question is not if it will moon but more of when. If you are excited, I've attached a few social media and site links for you to explore and find out what they are doing. Also, the sources below should give you some perspective of what others are saying about Wanchain. A quick search online will show many positive reviews about Wanchain's project and token. Thus, do check it out and if you like it, don't miss out on getting it at such a low price.

· Project Website: https://wanchain.org/

· Products & Services: https://wanchain.org/product

· Documents: http://www.wanchaindocs.org/en/latest/

· Facebook: https://www.facebook.com/wanchainfoundation/

· Medium: https://medium.com/wanchain-foundation

· Telegram: https://t.me/WanchainANN

https://medium.com/wanchain-foundation/wanchain-progress-update-sept-19-2018-28c4fa2dd63b

https://hackernoon.com/why-i-think-wanchain-is-an-incredible-long-term-investment-86b9d0d6eb6c

https://www.newsbtc.com/2018/07/24/wanchain-2-0-launches-ceo-says-crypto-will-have-huge-impact-on-finance-industry/

https://medium.com/@rajoyjose/wan-chain-vs-aion-vs-icon-whitepaper-comparison-e77185f6daa2

Many of the findings here are researched but are based on my own opinion. I welcome any debate and discussion but I am no financial adviser. As such, always do your own due diligence before selling your kidney to invest in anything.