waltonchain coin

[invest2lose]

Anyone invested in this coin? I'm all in walton and ripple for now. seems like this is one of the few coins with an actual real world case like ripple. what are your thoughts?

[deadestfish]

I dunno... I heard about Waltonchain before and I thought it looked interesting, but the more I look into it, the fishier it looks to me. The claims don't seem to add up. The initial ICO was like a month ago and it is already at $6 per coin, it was less than a dollar on the 1st September. They make the following claim:

Quote

Up to now, many companies such as Tries, Joeone, SMEN in the apparel industry, Kehua, Lipson plastic in the manufacturing industry and Xiangyu group in the warehouse industry have applied for our WTC & RFID integration system. What is impressive is that all of them have benefited a lot by integrating our system! Compared to before integration, their yield rate has increased by 1.2%, the stock turnover increased by 5.8%, the distribution efficiency has improved by almost 100%, and the inventory efficiency almost tripled in their stores.

In what, a month? How is this even possible? - even if true, how could a measure of distribution efficiency improvement by 100% be done on one month's worth of data?

When I try to do research on this coin, the only proper news story I find is this: http://www.bitcoininsider.org/article/6991/litecoin-and-neo-subreddits-briefly-redirected-users-waltonchain

What it is actually meant to do? Something about RFID chips and cryptocurrency. I don't get how it works or why it would be worth so much money, so fast. I don't understand it. If I don't understand it, I don't invest. Personally, I'm not investing in this one.

Edited October 1, 2017 by deadestfish

[mvenneau]

Seems like a scam to me as well, reddit moderators actually caught Paragon coin downvoting their posts and getting moderators banned. Some scare stuff they just pump bots out there to sway public opinion. Definitely have to be safe and research your investments. They currently dont have to report to anyone for being a scam and if youre in the US you have even less protection...kids are just excited about the fast money and see the price raising so it must not be a scam...worst excuse ever.

 

 

Edited October 1, 2017 by mvenneau

[enrique11]

16 hours ago, invest2lose said:

Anyone invested in this coin? I'm all in walton and ripple for now. seems like this is one of the few coins with an actual real world case like ripple. what are your thoughts?

It's great now that I've had a little more time to look into it. It has huge potential because of the large and experienced team behind it, the partnerships it's trying to establish currently, the pervasiveness of RFID tech in many industries, and very importantly, because it's targeting primarily the IoT.

Here's the original Chinese source I found then translated via google translate: https://translate.google.com/translate?hl=en&sl=zh-CN&u=http://www.waltonchain.org/&prev=search

 

My guess is it will grow in similar fashion and to similar rank as NEO just from the speculative expectation alone.

Anyway, it won't let me link directly to the "team members" link over a secure connection (https) - don't know why, but to see the team and support, click on the link above, and then go to top of web page and click on text link that says "Team Members".

Edited October 2, 2017 by enrique11

[XYZZZ]

I was a buyer at $1.4, very happy with its performance obviously although I nearly sold during the peak of China FUD at a loss.

At a high level, they have significant partnerships in place, good connections with the government, and a very strong team; along with the fact that this has been in the works for quite a while before the ICO. I don't think it's a scam, and they have been pretty transparent with communicating with investors. RFID + Blockchain makes sense in theory, in my opinion. 

However, as with every hyped up coin, there are now too many  new joiners screaming triple digits without any good reason for backing that up. This has probably turned a lot of people off. Is it worth the current valuation at this point in time? Probably not, but you could argue the same about a good portion of coins in the top 25. In fact, relatively speaking I think WTC probably deserves to be higher than a lot of those projects and I think the market will feel the same way, so I'm just riding the price to make $ gains. In the next couple of months they will be getting on Korean exchanges, coming out with a wallet & moving to their own blockchain. All these point to positive signs in the short term future. As for the long term and whether the blockchain+RFID solution makes sense for companies to adopt - we will have to see as they are still early on their roadmap. I will probably have sold by then lol.

[enrique11]

5 hours ago, EggsArePee said:

I was a buyer at $1.4, very happy with its performance obviously although I nearly sold during the peak of China FUD at a loss.

At a high level, they have significant partnerships in place, good connections with the government, and a very strong team; along with the fact that this has been in the works for quite a while before the ICO. I don't think it's a scam, and they have been pretty transparent with communicating with investors. RFID + Blockchain makes sense in theory, in my opinion. 

However, as with every hyped up coin, there are now too many  new joiners screaming triple digits without any good reason for backing that up. This has probably turned a lot of people off. Is it worth the current valuation at this point in time? Probably not, but you could argue the same about a good portion of coins in the top 25. In fact, relatively speaking I think WTC probably deserves to be higher than a lot of those projects and I think the market will feel the same way, so I'm just riding the price to make $ gains. In the next couple of months they will be getting on Korean exchanges, coming out with a wallet & moving to their own blockchain. All these point to positive signs in the short term future. As for the long term and whether the blockchain+RFID solution makes sense for companies to adopt - we will have to see as they are still early on their roadmap. I will probably have sold by then lol.

Yes, a lot of people did - you're not alone. China surely threw a wrench into a lot of investors' plans. I invested in it shortly after China banned ICOs and bitcoin exchanges - don't remember what I paid for it, but I sort of bought it early and after the price was in decline from China's BS, so I got lucky. I didn't hesitate buying it because I read somewhere (article, youtube video, Hell if I remember) that Walton had team members in other parts of Asia, like South Korea, for example, and if need be they could relocate operations geographically if China went all-out against cryptos, something along that line. 

 

Edited October 4, 2017 by enrique11