Waltonchain (WTC) is a supply chain oriented blockchain looking to integrate value with the Internet of Things (IOT) to mesh the real world and blockchain into a cohesive ecosystem. WTC is on schedule to release its maininnet along with one child chain before the end of March.
Further child chains will follow the initial launch as several high quality projects with mature technologies have shown interest and have contacted Waltonchain to launch their own child chain on the mainnet. The Waltonchain 2.0 wallet is also set to coincide with the launch of the mainnet.
Waltonchain may see some heavy price action this week. WTC is currently trading around $13.58 and is up 4% on the day. The current 24-hour trading volume is $5.5 million with a circulating supply of 24,898,178 WTC. The total supply is 70 million WTC with a max supply of 100 million, so the current free float of roughly 25% is great news for such a highly sought after project. With a current market cap of $338 million there is definitely room for Waltonchain to grow. We may see some positive price action in the coming days so be on the lookout for good entry points.
Binance currently accounts for almost 83% of the total trade volume for Waltonchain, so if you’re looking to trade WTC it’s probably best to use Binance as it has the highest liquidity.
Masternode Rewards
According to the team, Masternode rewards are also on schedule to be released before the end of march. This should please all the node holders. In December, Waltonchain launched the Gaurdian Masternode (GMN) program, which is the most senior masternode that WTC token holders can secure. To be eligible for this, one needs to hold 5,000 WTC in a Waltonchain wallet starting on Dec 10 2017. If the number of WTC tokens held falls below this level, seniority is reset. The nodes utilize a combination of Proof of Work and Proof of Stake. There is a miner reward pool of 30 million WTC that has been set aside for mining, which will be available as soon as the mainnet is launched before the end of March.There is also a separate reward pool for Guardian Masternodes which has yet to be announced.
This article appeared first on Cryptovest
