Hi again Steemians ! Review #2
Let's talk about some intriguing projects and possible investing opportunities. This time I will leave all in depth analysis for the next time and take more minimalistic approach.
As always, feedback regarding post is welcome and needed, trying to become part of this new community and past few weeks I'm here was great ones. Excited about this project. STEEEM IT !
Let's get into main topic...
Can Wanchain take crown from ripple ?
This question is asked more and more in recent days. And what can i say... Yes it can!
First and foremost, what is Wanchain ?
Wanchain basically aims to build a distributed “bank”. Just as traditional banks are the infrastructure of the current financial framework, Wanchain seeks to build a new, distributed infrastructure of digital assets to form an improved and modern framework.
With Wanchain, any institution or individual can set up their own virtual teller window in the “bank” and provide services such as loan origination, asset exchanges, credit payments and transaction settlements based on digital assets. Source: https://wanchain.org
ICO (Ended)
The main ICO sold out in less than a minute. Officially, people estimate 4-10 minutes. However, it was much less. I sent my transaction on the first second but it was confirmed 4 minutes later. There were comments of people who sent on 50th second and missed out. This was perhaps the fastest ICO to sell out ever or a very close second to BAT which sold out in 35 seconds.
When it hits exchanges ?
Prediction is around 24th January - Early February. At 24th of January Wanchain implementing mainnet from ICON(ICX) Blockchain. Then it is just a matter of time when it hits exchanges (speculations are that it's going to be listed on Binance and KuCoin). Predicted price when listed from 2$ to 8$ !
No to "whales" !
Unlike BAT, individual caps means there were ~no whales~ who could pick up large quantities of WAN, therefore, it is very difficult for whales to suppress/manipulate the price. Being evenly distributed is important to avoid pump and dumps in the short term.
Has own protocol
This is not another ERC-20 token. Wanchain is it's own protocol and hence has a much higher value than most ICOs this year. You can see on Coinmarketcap, majority of top coins are protocols not tokens. In addition to this, there is no inflation, low circulating supply of 100M and POS means circulating supply will be reduced even more. Coins with POS or masternodes perform extremely well, just look at Dash.
Why it is better then Ripple(XRP) -> PoS / Privacy / Decentralised(No premining)
Wanchain is ETH XMR & XRP all in one. In theory, it is superior to all of them. Firstly, it is a fork of ETH so has smart contract capability but already has POS (Proof of stake, environmentally friendly) and ~private transactions. It is better than XMR because it generates a new one time address for private transactions everytime. Lastly it is better than XRP because it is actually decentralised and can allow banks (and normal people) to not only do settlements but also provide credit and lending facilities. The icing on the cake is that Wanchain connects all blockchains with its interoperability features.
Estimated price and predictions
The team are not greedy. They didn't aim to raise hundreds of millions. They set a fair and realistic cap which therefore allows incredible returns for ICO investors or those who buy in the first few days of being listed on exchange. You would be crazy to sell at even 100x ico price (around $3.5B or $35) unless you are hoping to buy back in cheaper. The value for this project if they deliver on roadmap is at least 35b to 70b marketcap which would be $350-$700. I expect this to be achieved within 12-24 months.
Lastly ! Always spreading news about steemit platform. Glad I'm part of it.
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