The Waltonchain (WTC) coin powers its namesake platform that connects blockchain and tracking microchips to create a management system for supply chains. Using the hardware (chip) and the software (blockchain), WALTON is creating solutions for different industry verticals where supply chain and logistics are fragmented to fill in the gaps.
The Waltonchain coin serves to drive a project working on coordinating data between large businesses by tracking products during each step of production and distribution. This data is stored on the blockchain, ensuring its accuracy regardless of where in the process it is, and combines this technology with RFID tags – chips that respond to specific electromagnetic frequency with sending back data.
100 million WTC were issued with the genesis block and no more will be created. Of those 100 million, there’s currently a total supply of 70 million, and the remaining coins will be mined over the next few years. As of September 24th, 2018, the coin is ranked number 53 by market cap, with a market capitalization of around USD 117.7 million. Currently priced USD 2.93, the coin’s all-time high was a staggering USD 41.15 at the end of January, 2018.
If you are interested in trading WTC, you can do so on a number of exchanges, the most popular of them being Binance. Notably, the only fiat payment option currently available for WTC is the South Korean won (KRW) on exchanges such as Bithumb and CoinNest. At others, you can choose between the most common cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH) or Tether (USDT).
You can keep your WTC coins in Waltonchain’s own wallet service. There have been no security issues with it up until now. However, WTC is still an ERC20 token. That means until these are swapped for the native tokens, you can also keep your coins in supporting wallets, including hardware wallets.
It is even possible to mine WTC coins: according to the project’s official Reddit Ask Me Anything thread, “you can run the node on a home computer if you want, but the rewards will be smaller compared to other more suitable machines, such as GPU PoW centric machines.”
As of September 2018, Waltonchain has had no shortage of partnerships – several of which are high-profile.
Late in February, Waltonchain’s subsidiary IOT Technology signed a strategic partnership and purchase agreement with Ishijah Trading, relating to intelligent food and beverage management systems. At around the same time, they announced that its Project Director, Lin Herui, would become the Vice President of the newly created Fujian IoT Industry Association.
In March, the company announced their first subchain: Freyrchain, that builds the first blockchain-based collection database platform worldwide. Late in June this year, FashionET entered a strategic partnership agreement with Waltonchain. Waltonchain will develop an exclusive traceable child chain under its public chain for FashionET.
To find out more about this coin and the underlying project, read our in-depth guide for information such as the technical properties of these RFID chips, mining and masternodes, as well as more information about where the project is now.