The Sleeping Giant

Check-1-2 said:
What does the coin accomplish that can't be done with dollars? Pardon my ignorance.
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By creating the genesis block (ETA: Feb 2018), WTC-ERC-20 will be transformed to Waltoncoin (digital token in the Waltonchain ecosystem). Here are some basic informations for the future functions/value of WTC-Tokens:

  • Issuing sub chains: Issuing sub chains such as the production sub chain, storage sub chain, logistics sub chain and sales sub chain needs to consume WTCs. Of course, issuing sub chains is not the privilege of the Waltonchain team, as any Waltonchain ecosystem user can consume WTCs to issue its own sub chains in the Waltonchain ecosystem. The consumed WTCs are used to allocate the accounting node wallet to support the parent chain –PoST mechanism. Simplified: WTC will be the gas (like in NEO) of Waltoncain ecosystem.

  • Dividend interest: Waltonchain team officially issues important sub chains, such as the sales sub chain used in stores (assuming the token is A coin), and the transaction sub chain used in the retail industry (assuming the token is B coin). In the above high-frequency circulation sections, even if the transaction fee for each transaction is very small, many small fees can add up to a substantial number. Therefore, in order to ensure the robustness of the sub-chains and the parent chain at the same time, the allocation mechanism regarding the consumed fees needs some innovative adjustments. The majority (e.g. 90%) is assigned to the accounting node wallet of the sub chains, and the minority (e.g. 10%) is assigned to the accounting node wallet of the parent chain. Simplified: This will be one of the main features of WTC, because WTC profits from all sub chains.

  • Credit and mortgage system: The account on the parent chain can form a credit mechanism. As the circulation and consumption amount of sub chains increases, the credit value of the corresponding account of the parent chain increases. Here is an application scenario: a customer needs to pay for his consumption at A store, A store supports A coin, but the customer does not have any A coin, then the customer can pay by mortgaging parent chain WTCs (in a frozen state), A store and the customer sign an smart contract on the chain automatically to set an agreed time to return A coins, when such WTC coins will be unfrozen. Correspondingly, the creditability of this account increases, and the number of WTCs needed for mortgage decreases. However, if the A coins failed to be paid back, the number of WTCs frozen for mortgage will increase correspondingly. Simplified: WTC can be used as build-in-credit-mechanism to secure inter sub chain transactions.

  • Distributed asset exchange: If we exchange assets on the parent chain, the parent chain will be able to exchange the assets of any sub chain tokens on any sub chain. This allows the sub chains to interact with each other and opens up many collaboration opportunities to allow cross-chain asset transactions, which is also a required function in the Waltonchain ecosystem in the long term.
    *Simplified: WTC will be the necessary link between cross-chain asset transactions.

  • Distributed voting and governance system: This system will be the core of decentralization in the future. Safe and anonymous voting will be available for all sub chains on the parent chain. Simplified: WTC will be part of a voted-based trust mechanism (like in DNT).

  • Decentralized exchange: All the coins on the sub chains can be traded in the decentralized exchange on the parent chain, where the digital currency used to act as an intermediary is WTC. Simplified: WTC will be the like BNB of Waltonchain ecosystem.*
Of course, only some of the core functions of WTC are mentioned above. WTC has more functions and as the project progresses, the Waltonchain team will give WTC more advanced features.

As i mention before: WTC will be an all-in-one-token with many functions and benefits. Not like other coins/tokens we have an added value! It's not just a voting coin or - more worse - just a investment without function.

Source: Whitepaper v.1.0.3.
 
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elavmunretea said:
I’m + on $ but it’s not gone up as much as BTCView attachment 98671
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Many investors know about WTC. Waltonchain has no focus on over marketing or trying to to FOMO their project. When they release news, you dont have time to buy haha. Everyone is watching. And while there was no news, whales were able to drown the price to accumulate more(since it is only on binance). These negatives will disappear after they release blockchain and masternode program. Walton will be very scarce and will of course KABOOM when their first sub-chain is created(most likely with the popular clothing company named Septwolves)
 
hero76 said:
Not a damn thing
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The parent chain and sub chains will use WTC, simple as that. Blockchains like ethereum, btc, etc cannot scale enough to handle the mass amount of data and transactions.
 
Mcgyyver said:
Fishy company: https://bitcointalk.org/index.php?topic=2214505.20
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Walton is a strong community, its not bunch of people who spam the forum and "defend" their coin against people who call it scam. Deep onion community is so "strong" just because they get many coins every week :\ and because people make many accounts for the airdrop.

Whoever posted this has done little to no research I see. There is old and current articles that link the members One recently on a gov.cn site. Old articles on current team members in there perspective fields and people forgot about neo’s Old website with 100 typos come on man they are Chinese let them finish their parent chain and tech then send a real comment. Plus the current coin is an erc20 placeholder token until the parent chain comes out in a few weeks so of course they’re not going to settle for Big exchanges yet. Do some real research before you call something a scam I heard the same story for Neo when it was Antshares and not known as it is now. relax
 
This claim is very old and is talked about a lot since it appears on googles first page. I actually had a discussion with a insider walton guy about getting someone from BHW to push it off the first page. Yeah, I actually support this forum too.

Walton is a strong community, its not bunch of people who spam the forum and "defend" their coin against people who call it scam. Deep onion community is so "strong" just because they get many coins every week :\ and because people make many accounts for the airdrop.

Whoever posted this has done little to no research I see.
 
I am interested to see what becomes of this scam/noscam quandry in the future.
 
I have seen sometimes u talked about it, seems promising, but its a bit high now, can't afford, missed the train.
 
waterworks said:
I am interested to see what becomes of this scam/noscam quandry in the future.
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If anyone did the slightest bit of research, they would know its clearly not a scam. Pretty fricken elaborate scam it would be with industry titans at the head of the project. There are many videos of the team and what they are working on.
terrycody said:
I have seen sometimes u talked about it, seems promising, but its a bit high now, can't afford, missed the train.
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you without a doubt didnt miss the train. Maybe it will bleed as low as 6 before mid january but thats all you will get. It's a top 10 coin after first sub-chain creation. Its crypto though, and the crypto-world, as i can see more-so now, is extremely irrational and easily manipulated.

im not in walton for the money, its about blazing a trail for a new, connected future. Seems like most crypto enthusiats are younger, new generation people. But it seems they are starting to take after their parents and all the old people that only care about money, graphs, hype. Its also possible that many of the crypto discussers here are the older crowd, which would explain the saltiness of disrespectful language over the internet.
 
So the top(parent chains) can issue out lower levels(sub chains), but can those chains issue out lower levels,essentially becoming higher tiers, since each parent chains gets paid based upon the success of growth from the lower chains.
Am I understanding that right?
 
patriotnews said:
So the top(parent chains) can issue out lower levels(sub chains), but can those chains issue out lower levels,essentially becoming higher tiers, since each parent chains gets paid based upon the success of growth from the lower chains.
Am I understanding that right?
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That would actually be a cool feature, and highly possible if necessary. Im assuming its not entirely necessary or else it would have been brought up with the technicians in alpha testing. The key point is that a companies sub-chain will be able to be tailored to their exact needs, from manufacturing all the way to retail.

Obviously this is in itself a new feature. The malleability of their blockchain is incredible. So much will be able to branch off as proven by their wide variety of contacts/partnerships.
 
hero76 said:
Not a damn thing
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I know like literally nothing about what people are talking about. I just remember how cheap Bitcoin was and how much it is now...

Someone actually asked me this question a while back... The one your responding to. The only thing I could think of is like... What if they trying to do the whole one world order conspiracy thing. Then wouldn't Bitcoin or whatever coin that ends up on top be like... The new form of currency?

Because me and my coworker came up with the same conclusion... We are already pushing "digital $$" and there doesn't seem to be problems... The only thing we could think of was... A conspiracy theory revolving around the main countries trying to become one and have a new, singular form of currency for all....

But like I said. I don't know shit on how Bitcoin or this coin works.... Only that it's... Secure(?) Secure in that it can't really be hacked/counterfit...
 
OnMGrind said:
I know like literally nothing about what people are talking about. I just remember how cheap Bitcoin was and how much it is now...

Someone actually asked me this question a while back... The one your responding to. The only thing I could think of is like... What if they trying to do the whole one world order conspiracy thing. Then wouldn't Bitcoin or whatever coin that ends up on top be like... The new form of currency?

Because me and my coworker came up with the same conclusion... We are already pushing "digital $$" and there doesn't seem to be problems... The only thing we could think of was... A conspiracy theory revolving around the main countries trying to become one and have a new, singular form of currency for all....

But like I said. I don't know shit on how Bitcoin or this coin works.... Only that it's... Secure(?) Secure in that it can't really be hacked/counterfit...
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Here is all you need to know about how bullish Waltonchain is - https://www.reddit.com/r/waltonchain/comments/7jyyli/summary_of_some_of_waltonchains_government_and/
 
The highest volume exchange for Walton(70% of volume) is now detected as an outlier in price. How does that happen? CMC shows about 12 dollars, and the price hit 24 dollars in Korea(Coinnest)! I suspect a conspiracy theory in keeping WTC price down.
 
The sleeping giant has awoken. But it is a slow giant. It will begin its path late Q1/early Q2.
 
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