Details

What is WTC

Tokens

1. What is WTC?

Introduction to WTC Cryptocurrency

Name: Waltonchain (WTC)

Overview: Waltonchain is a blockchain-based supply chain management platform built for enterprise-level applications, focusing on the Internet of Things (IoT) and radio-frequency identification (RFID) data tracking for supply chain purposes.

Features:

  • Public Blockchain: Waltonchain is a public blockchain designed to provide secure and transparent supply chain management solutions for enterprises.
  • IoT and RFID: Waltonchain leverages IoT and RFID technology to enable real-time data tracking and supply chain management.
  • Token: Waltonchain’s token is denoted by the code “$WTC,” used for trading and payments on the platform.

Basic Information:

  • Founded on: July 21, 2017
  • Total Supply: 86,364,611 tokens
  • Circulating Supply: 81,389,399 tokens.

Community and Official Information:

  • Official Website: https://www.waltonchain.org/
  • Official Twitter Account: @waltonchain
  • Facebook Page: Accessible via the official website.

2. Who founded WTC?

Waltonchain (WTC) was founded by Do Sanghyuk and Fangcheng Xu. Although the project is named in honour of Charles Walton, the inventor of RFID technology, the actual founders are Do Sanghyuk and Fangcheng Xu.

3. Which venture capital firms invested in WTC?

According to the provided information, the following venture capital firms have begun to pay attention to or invest in the cryptocurrency space:

  1. Sequoia Capital
  2. Lightspeed China
  3. Matrix Partners

These funds started to focus on the cryptocurrency sector in 2021, indicating that traditional VC is entering the cryptocurrency arena.

4. How does WTC operate?

How WTCC Cryptocurrency (Waltonchain) Operates:

  1. Blockchain Technology: Waltonchain (WTC) is a cryptocurrency based on blockchain technology. It uses a distributed public ledger (blockchain) to record all transactions, ensuring security and transparency.

  2. RFID Technology Integration: Waltonchain's uniqueness lies in its combination of blockchain technology with RFID technology to enhance supply chain management. By recording every step of the supply process on a secure blockchain, Waltonchain ensures transparency and security in the supply chain.

  3. Decentralization: Like other cryptocurrencies, Waltonchain is decentralized and not controlled by any central authority or government. This means transactions are peer-to-peer and anonymous, providing greater privacy and security.

  4. Cryptographic Technology: Waltonchain employs cryptographic technology to secure transactions and control the creation of new units. This technology ensures the safety of transactions and prevents fraud and hacking attempts.

  5. Trading and Storage: Users can buy and sell Waltonchain through exchanges and use crypto wallets for secure storage. Crypto wallets may be physical devices or online software used to protect the private keys of cryptocurrencies.

In summary, Waltonchain offers a secure, transparent, and decentralized supply chain management solution by combining blockchain and RFID technology.

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