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Waltonchain WTC

-8.3
2,57 USD
0,000407 BTC
Market Cap
103 142 436 USD
16 286 BTC
Volume (24h)
3 424 617 USD
541 BTC
Circulating Supply
40 144 099 WTC
Max Supply
70 000 000 WTC

Blockchain Platform for IoT

Waltonchain is a blockchain project that was named after RFID (radio-frequency identification) inventor Charles Walton. RFID is a chip that lets tag various consumer products, production details, and pets for identification purposes. Therefore it is not a surprise that this particular project is mainly focused on applying the blockchain technology to logistics and the Internet of Things (IoT) concept.

New Value Internet of Things Concept

Waltonchain introduced the Value Internet of Things (VIoT) concept that can utilize the decentralized blockchain to store and identify information about objects. This logistical solution brings such benefits as improved security, eradicating counterfeit, tracking the product origins info and reducing logistic system’s running costs.

Waltoncoin token

The system’s token has a ticker symbol WTC. There is a supply of 70 million tokens in total now with the maximum amount due to reach the 100 million mark. Waltonchain eco-system uses the Proof of Stake and Trust consensus algorithm, which provides WTC holders with dividends for token hodling as well as encouraging its users with a system of node reputation bonuses.

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