WANCHAIN - Using Distributed Ledger To Integrate Financial Infrastructure & The Native Token (Wancoin.)

xpency (63)in #wanchain • 6 years ago (edited)

If you are a conversant trader, or investor, you would have involved Wancoin (Wanchain token) in some of your trades, or hold some bags of the coin sitting right in your portfolio, this is because of the high level of profit people have made with it, the roadmap that shows a promising journey for the project, their prototype and a dependable team handling the project.

The first experience I had with Wanchain was during the Altcoin bull run in 2017, their ICO has gone more than three times the price of the Initial Coin offering and investors attention were focused on this project as it was dominating other Altcoins at that moment, but before then I had seen a video review of the project that wasn't detailed, so I made more research about the project and it's token which I am willing to share at every moment.

Traditional banks and other financial institutions offer different banking infrastructures that enable individuals to operate their businesses and enhance lifestyle, these operations are offered with less technology and involves only the use of fiat currencies with third parties involved. Wanchain is integrating blockchain technology with the involvement of Financial Technology, offering financial infrastructures such as loans, interests and several banking services.
Wanchain uses Distributed ledger technology to offer financial services with different digital assets, it creates a financial market where everyone can take part, either offering business opportunities, developing apps and offering other financial activities on the blockchain platform. The distributed ledger system creates a trustworthy environment where users can perform transparent, reliable and instant transactions.

About WanCoin.

The Wanchain developers introduced the Wancoin in 2017 including other core features in the Wanchain 1.0 launched. Although the blockchain company was launched in 2016, with a detailed roadmap that showed a lot of other features to be introduced in the coming years. The WAN token are the native tokens that fuels activities on the platform, they are used for processing fees of transactions that take place on the platform. They also cause an increase in value of Wancoin by the bond deposits of nodes which ensure efficient cross-chain transactions.
The platform had an Initial Coin Offering and crowd funding in the month of September 2017 with the following details.

Token Details.

Ticker - WAN
Price - 1 ETH = 750 WAN
Hard cap - 210,000,000 WAN
Available tokens for sale - 107,100,000 WAN
Total supply = 210,000,000
Token Type - ERC20 token
Accepted Currencies - ETH

Token distribution

ICO 51% (107,100,000)
Team 20% (42,000,000)
Foundation 19% (39,000,000)
Miners 10% (21,000,000)

The project had a successful ICO as the tokens were sold out in a short time, the project raised over 35,657,629 USD.

Coin Market capitalization (https://coinmarketcap.com/currencies/wanchain/) also shows an illustrated arrangement and some features of Wancoin. The coin has been listed on Binance, which is a world well know exchange and twelve other exchanges where it can be traded against pairs like Bitcoin, Ethereum, Ripple, and others.

The coin is number 59 on the list and with its progressive project, the success will lead to a huge impact on the advancement of financial part blockchain, which will definitely take the coin to be the one of the top 10 coins in the cryptocurrency market.

Benefits Of Wanchain Platform

Users of the platform will have the capacity to execute over different types of trades with different crypto assets
With the Wanchain cryptocurrency investment possibilities, users will be able to offer a variety of investment options with the cross-chain transactions processes
The ability to seek a loan or lend money in form of cryptocurrencies.
During crowd funding and Initial Coin Offerings, ICO's will be more accessible by participant, which enables them to purchase these new tokens, with different cryptocurrencies.

Conclusion.

Wanchain has designed a decentralised financial infrastructure on blockchain technology using the scope of financial institutions, the project's aim is to make financial services simply available for not just blockchain technology users, but every individual that is against third parties and prefer instant and reliable transactions. The Cross-blockchain protocol concept is also the perfect step for creating complex blockchain applications. These features of the Wanchain blockchain stand a chance to improve the adoption of blockchain technology.

Wanchain Useful Links For More Information.

Project Website: https://wanchain.org/Whitepaper: https://wanchain.org/files/Wanchain-Whitepaper-EN-version.pdfProducts & Services: https://wanchain.org/productDocuments: http://www.wanchaindocs.org/en/latest/Facebook: https://www.facebook.com/wanchainfoundation/Medium: https://medium.com/wanchain-foundationTelegram: https://t.me/WanchainANN

Disclaimer:

The information contained within this post shall not be taken as a financial advice. I am not a financial advisor and none of your investment decisions should be carried out based on any information presented here. You can lose all of your money by investing. The information presented in this article is for educational and entertainment purposes only.