Bitcoin Forum

I have long thought that WTC is a scam or, at very best, a sham with no chance of delivering the project.

Here is a quick recap:

• Tenuous claims about the credentials of the team and support of the Chinese government
• Fake news stories
• No code, GitHub or evidence of work
• Scores of paid shills (many newbies) being aggressive toward those who challenge and trying to pump
• Market manipulation, suspicious accounts (an account that is not an exchange or the team expense fund controlling 1/5 of the tokens)

The project has shown a video of the 'team' messing around with some RFID equipment and, apparently, a blockchain test on a monitor.

Interestingly, the team chose a select group of people from the community (I suspect on the payroll) to test the alpha.

People have been pressured into buying 'Guardian Nodes', not featured in the whitepaper, before a deadline of 9 December.

On 9 December people were asked to move their tokens to MyEtherWallet to lock in the 'Guardian Nodes' - too late for anyone else to have one - and before a move over to Walton's blockchain (no evidence of work on this i.e. code has been published).

Apparently, the beta chain will be publicly tested / available "early December" - but no announcement or sign of it. It is very difficult to see how this can happen if nobody has tokens for the new chain.

I have reported the project to the UK Financial Conduct Authority (FCA).

I do not want to see good people lose money.

Please approach this project with extreme caution.

Thank you for the update. I was following this token for a while, it spikes up and down alot with a really good difference... from 5$ to 10$... and so on.
So I guess its safe to say, I`d better stay away from this one  ;D
Thanks again.

Any update on your FUD against this coin?