Wanchain ICO Review – WAN Investment Analysis

https://wanchain.org

ICO Details

Symbol – WAN

WhitepaperLink

When – Wednesday, September 6th

How to Participate – WAN tokens can be bought by contributing ETH (Ethereum) tokens

Soft Cap – None

Hard Cap – 107.1 Million WAN

Total Max Market Cap At ICO – ~81 Million USD including team/foundation/miner allocation (provided all WAN sell at the highest exchange rate.)

Exchange Rate: Time Based:

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Total Tokens in Circulation At ICO – 210 Million WAN


Overview

 

Wanchain is a bold attempt at bridging the gap between the current blockchain infrastructure of payments, settlement, and financial services and the more contemporary technology in use by the banks of today. Currently, it’s difficult to do something like taking out a blockchain based loan, and these kinds of technologies are the kinds of services we will require as a userbase that is transitioning into blockchain based currencies.

While banks are being outdated in the application of currency, they still have the upper hand in the fields of financial services such as granting loans, collecting interest, and compatibility between different banks. Wanchain aims to bring blockchain up to speed by creating a platform that enables these kinds of services, as well as adding additional cryptographic security in the form of Ring transactions.

Finally, Wanchain can be thought of as a competitor to services such as BlockNet, Polkadot, and Ripple, as their use cases vary and can be utilized in favor of the previously mentioned solutions.

 

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Notable Team Members/Advisors

Jack Lu

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Jack Lu is the founder of Wanchain – a graduate of Peking University (along with other notable personalities such as Jihan Wu), he went on to found ambitious projects such as Factom and Wanglutech.

Ying Zhang

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Ying Zhang worked as a Senior Engineer for Huawei, as well as working as a CTO for several different companies. He also worked as a Senior Developer on the Ethereum project.

 

Wanchain

 


Positives

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Wanchain, being a Chinese project, will enjoy the benefits of a much wider Chinese audience as opposed to more Western projects – Chinese investors make up far more of the cryptocurrency space compared to Europe and the Americas, and as such will have far more exposure and ability to leverage their advantage into greater wins for their investors..

While Wanchain has many aspects that can be compared to other projects, one of their most important features is this small text line hidden in their whitepaper:

Wanchain supports cross-chain transactions between mainstream public chains, between private chains, and between public and private chains.

The ability to interact with private chains is a godsend and will be one of the most important features future companies (such as banks, attorneys, hospitals, etc.) will look for when deciding which platform to build their software on. This interoperability between private chain and public domain is similar to the kinds of interaction we have in the Internet today (with Internet and Intranet systems being the direct analogy).


Negatives

Wanchain, being a Chinese project backed by Chinese personalities, makes it difficult to do any kind of verification on their team members – while they state persons such as “Michael Y.” and even the above mentioned “Ying Zhang” as contributors to the project, I found it impossible to find any kind of relevant articles, web sites, or discussions that linked these people directly to the Wanchain project. I expect a Chinese individual would get much better results in this respect, as this is a Chinese project and most of these sources will likely be in Chinese. Regardless, caution should be taken if a decision is going to be made to invest in Wanchain on a team-based merit.

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Conclusion

Wanchain is one of the latest in competitors to become an intermediary layer between services and solutions that people of today currently use with the legacy banking system. An investment here will do one well, however care must be taken when considering their team members link to the actual project.

 

Investment Grade: 85%

5 thoughts on “Wanchain ICO Review – WAN Investment Analysis

      1. I’d dock it down to 80% personally – that being said, it will be around 40 million cap from the end of the ICO. My personal criteria includes any project under 50 million – these are generally fine to go in on, so the rating will stand here.

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