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Wisdom alters label, trade organization and network
english Whitepaper
http://www.waltonchain.org/upload/1498826072890.pdf
current circulation: 25,000,000 WTC (but including some locking amount.precisely no more than 20million.)
Exchange
binance.com added WTC(Walton Chain) on August 27.
price at startup: 0.000150 BTC ~0.8$
https://www.binance.com/trade.html?symbol=WTC_BTC
https://www.binance.com/trade.html?symbol=WTC_ETH
more infos from binance.com:
Walton is derived from Charlie Walton, who was born in California, died on November 30, 2011. As the inventor of RFID technology, he devoted his life to the development of RFID technology. He obtained the first patent related to RFID technology in 1973 and eventually obtained more than 50 invention patents. He created a new era of RFID and made outstanding contributions to the development of RFID. At present, RFID technology is widely used in various applications all over the world, from identification to freeway billing, mobile payment, credit card payment, we can see RFID everywhere. The project was founded on November 30, 2016, the fifth anniversary of the death of Charlie Walton. To commemorate the great inventor of RFID technology, the project was named "Waltonchain" to carry forward his invention and blaze a trail to the future.
As mentioned above, in the Walton ecosystem, the most core parent chain is called waltonchain in which the token used for circulation and payment is called waltoncoin (hereinafter referred to as WTC). WTC is the most important digital token in the Walton ecosystem, the total number of WTCs is 100 million, abbreviated as 10-8 , created and set in the Genesis Block. This number is constant, no more tokens will be issued.
Waltoncoin's Main Functions
1) Issuing sub chains
2) Dividend interest
3) Credit and mortgage system
4) Distributed asset exchange
5) Distributed voting and governance system
6) Decentralized exchange
RoadMap
Team Intro
The Waltonchain team is composed of a group of pioneers specializing in the integration of block chain, Internet of things, and RFID technology. The team members include Chinese and Korean elite talents from the circles of business, academy and investment. They endeavor to extend the block chain technology to the Internet of Things, with strong commitment to leading the tides of technology in the rapidly-changing times. This project is strongly supported and boosted by senior block chain developers , renowned investment institutions, prestigious attorneys, finance experts , world-class chip design experts and senior management of China’s top tech companies and clothing businesses.
http://www.waltonchain.org/team
FAQ
Q：What is the WALTONCHAIN?
A：
WALTONCHAIN （“沃尔顿链” in Chinese, or WTC for short） is a genuine, trustworthy and traceable business ecosystem with complete data sharing and absolute information transparency. It is created by the combination of technologies of RFID and block chain，which push forwards the integration of block chain and the Internet of Things.
Q：Can you summarize what WALTONCHAIN is for in only one sentence?
A：
To address the bottleneck problem of the business application of the block chain -- how to incorporate physical assets into the block chain automatically. Please refer to the White Paper of WALTON at http://www.waltonchain.org for more details.
Q：What is ICO?
A：
ICO is short for the Initial Coin Offering. The ICO derives from the phrase Initial Public Offering from the securities circle. By its very nature, ICO is also a public offering, and the difference is that its subject matter issued is digital cryptocurrency instead of the securities. All successful projects of digital currency and public block chain are invariably the community-based projects. Of the common ICOs, projects of digital currency and block chain sell tokens to the early enthusiasts. These project teams raise funds for the technological and market development through ICO. While, the project enthusiasts support these projects through ICO, and they may also choose to withdraw from the market via transaction after the corresponding token money enters the trading market.
Q：What's the total issuance volume of Walton Coin?
A：
The total issuance volume of Walton Coin is 100 million coins with no further issuance in any case.
Q：How to participate in the public offering of Walton Coin?
A：
The Walton public offering can be divided into two phases, i.e., the pre-sale in official website and the formal ICO phase. The pre-sale phase will only be conducted in the official website, whereas the formal ICO phase is expected to be carried out by the Smart Contract of Ethereum. Participants may participate directly in the public offering of ICO according to the tutorial in the WALTONCHAIN. And it is also possible for them to participate in the public offering through third party websites in collaboration with Walton. Specific third party websites（at least two websites）will be announced later in the official website.
Q：Why is there a pre-sale for the ICO of Walton Coin, and how to participate in it exactly?
A：
Recently, many of the ICOs of premium block chain projects encountered the situation that “the major customer makes a block booking”. But the WALTONCHAIN is a public block chain ready for rapid business application, which requires a large number of participants. The commercial value of the WALTONCHAIN will be higher with more participants. In order to let more participants join the WALTONCHAIN, its officials plan to conduct a three- day pre-sale of 5% - 10% of total amount of Walton Coin. The procedure of participation is to become a registered user of the official website firstly, and then proceed with subsequent actions according to the instructions on the successful registration page. In the pre-sale phase, the maximum investment quota for each participant is relatively small, so as to guarantee that more participants will be able to join the WALTONCHAIN. Specific details of pre-sale will be announced later. Please take heed of the WALTONCHAIN official website for further notice.
Q：When will the public offering of Walton Coin begin?
A：
The ICO of Walton Coin will officially begin at the end of June or early July, 2017. The official website will organize a pre-sale for a period of three days within the week prior to the ICO. Specific time and details for the launch of ICO will be announced later. Please take heed of the column of ICO in the WALTONCHAIN official website.
Q：What kinds of cryptocurrencies are acceptable for the public offering of Walton Coin?
A：
Only the payment by ETH is acceptable for the public offering of Walton Coin. Third party websites assisting the public offering will accept ETH and BTC.
Q：What is the issued price of Walton Coin? Is there any incentive policies?
A：
The public offering of Walton Coin can be divided into two sessions, the pre-sale in official website and the formal ICO. The formal ICO will adopt the mode of Dutch Auction. The price of the pre-sale in official website is more favorable than the final price of formal ICO, so as to guarantee the interests of early participants of WALTONCHAIN. Specific details will be announced later in the official website.
Q：How does the WALTONCHAIN Foundation ensure the security of the fund?
A：
All the funds raised from this public offering will be deposited into a multi-signature wallet, and its encryption key will be held by all the persons in charge and management personnel of the WALTONCHAIN Foundation. What’s more, any transfers of money must be examined and verified by several people.
Q：How long will it take before the participants receive their Walton Coin?
A：
WALTONCHAIN is a self-developed public block chain, and the wallet is expected to be on line at the end of October. In order to improve short-term liquidity and allow more people to know about，follow and finally participate in the WALTONCHAIN, the officials adopt the token money of Ethereum for the ICO; the participants will receive the Walton Coin based on the Token of Ethereum within 10 working days after the ICO. The wallet of Walton Coin will be on line before long. By then, the Walton Coin based on Token of Ethereum will be replaced by the actual Walton Coin with the exchange rate of 1:1.
Q：When will Walton Coin be tradable?
A：
We will push forward the listing and transaction of Walton Coin on the trading platform as soon as possible once the ICO and the issuance of Walton Coin based on the Token of Ethereum are completed. It is expected that the Walton Coin will enter several renowned domestic trading platforms within a month ( The online timing and exchanges are subject to adjustments according to the actual situations; and we will make an announcement in the official website in time).
Q：How the money raised through ICO is used?
A：
Please refer to the table below.
Content of Project——Percentage (100%)
R&D, testing and production of RFID tag chip——15%
R&D, testing and production of RFID reader-writer chip——20%
Design and test of RFID system scheme——15%
Development of application platform of project chain ——15%
Salaries and rewards of R&D personnel——20%
Salaries of other personnel, and costs of operation，maintenance and material——8%
Promotion of system application scheme——7%
Q：What are the technical advantages of WALTONCHAIN?
A：
1. High security;
2. It is possible to truly trace back to its source;
3. It is possible to achieve the anti-counterfeiting goal;
4. Realize the decentralization with less demanding requirements for credence;
5. Reduce labor costs.
Q：What is the value of WALTON Coin?
A：
1. It can be used as currency to purchase related commodities;
2. It can be used as the unit of measurement for credit of the Internet of Things;
3. It can be used as the unit of measurement for the workload or quality of the Internet of Things;
4. It can be used as the storage of value or the value transfer method；
5. It enjoys high popularity and increasing demands, while the issuance volume is fixed; thus, the potential of its appreciation is tremendous.
Q：What kinds of chips are involved in the WALTON project?
A：
It involves two types of chips: the RFID tag chip and the reader-writer main control chip.
Q：What are the advantages of the RFID tag chip designed in this project?
A：
Compared with traditional RFID tag chip, the RFID tag chip designed in the project has the following advantages:
1. A dissymmetric encryption and decryption module is integrated into the tag chip of this project, bringing out safer tag communication;
2．A dedicated storage space is integrated into the tag chip of this project for the storage of hash value of tag status and key information, which makes the tag content truly tamper-resistant;
3. The tag chip of this project adopts the low voltage and low power consumption design, and applies advanced technology; though with an increased size of design, its power consumption is lower than that of traditional design;
4.The anti-collision logic is added to the design scheme of the tag chip of this project. As a result, the collision probability is lower, and the probability of skipping - reading is significantly reduced.
Q：What are the advantages of the RFID reader-writer main control chip designed in this project?
A：
Compared with traditional RFID reader-writer chip, the RFID reader-writer chip designed in the project has the following advantages:
1. A dissymmetric encryption and decryption module is integrated into the reader-writer chip of this project, and this module makes the communication safer when reading and writing the tag;
2. A processing logic of hash function is integrated into the reader-writer chip of this project, capable of hashing the key information of tag. The hash value generated is written back to the tag, so that the tag information is truly tamper-resistant;
3. A relevant processing logic is added to the reader-writer chip of this project in accordance with the characteristic of block chain; it plays a role similar to the miner to share the workload of the chain, and the reader-writer may serve as a node in the chain;
4. The reader-writer chip of this project truly combines the block chain and the Internet of Things, bringing the assets into the chain in a genuine and reliable way; and it offers strong support for the asset management, warehousing, and logistics and other applications.
Q：What are the competitive advantages of the RFID system schemes of this project?
A：
1. The RFID system scheme in this project has already been successfully applied to the closed-loop system of each link, such as the production, logistics and warehousing and chain stores and so on in the garment industry and the manufacturing sectors for years. The executive team is well experienced in related industries, and capable of ensuring the good quality and effect of specific project implementation;
2. The enterprise standardization system established by the team in the industry application has become systemic industry standards. It’s easy for the wide application of the project and very likely to replicate.
Q：Why choose the application of garment industry as the breakthrough point in Phase 1.0 of this project?
A：
1．The RFID tag has achieved the management of item level in the application of garment industry. Hence, the number of usage is enormous. Large amounts of experimental data can be obtained easily in the development and early application of the chip, as a result of which the chip and system technologies will mature quickly ;
2. Many core members of the team have years of industry experience in the field of garment, and they are also familiar with the garment industry, the application of RFID intelligent system, and the promotion of software informationization products and other areas. With abundant resources of customer channels, the upfront cost of customer development is low. Therefore, it is possible to enter the market rapidly and to build up customer base in early days.
Q：What is the difference between the WALTON project and the security traceability block chain project like the Inchain?
A：
The WALTON project adopts the scheme of the combination of hardware and software. While, other security traceability block chain projects have no hardware. Therefore，the scheme of the WALTON project is intrinsically different from that of other projects in that:
1. The memory of tag chip of this project contains the hash value of tag status and critical data, making sure that the tag content is tamper-resistant;
2. The tag and reader-writer, as well as the WALTONCHAIN platform, make sure truly anti-counterfeiting and traceable to the source on the whole;
3. From the commercial value point of view, the WALTONCHAIN uses the RFID system as its carrier, and the wide popularization of RFID system is an irreversible mega-trend; its tremendous commercial value is foreseeable as a growing number of merchants will adopt the RFID system in the future, and the number of users of WALTONCHAIN will be increasing continuously.
Q：Both WALTON and Sigma project involve the chip, what is the difference between them?
A：
The chip of Sigma project is mainly used as the miner, but not a major element for business application. But there are two kinds of chips in the WALTON project -- RFID tag chip and reader - writer main control chip. RFID tag chip is the interface on the commodity side to upload the physical commodity to the chain. In other words, each commodity (such as the garment hangtag, care label and so on in the Phase 1.0 of this project) with a RFID tag chip in the future can upload relevant data to the chain through data exchange with the reader - writer, with no manual intervention needed. Reader - writer main control chip is the interface on the server side to upload the physical commodity to the chain. It may serve as the node of the main chain or child chain of WALTONCHAIN. As the number of merchants using the RFID system increases, there will be more and more nodes of WALTONCHAIN accordingly，and the robustness of the whole system will become better and better. As stated above, the chip of WALTON project is the vital element of the whole system, and closely related to the furfure business application.
Reference:
http://www.waltonchain.org
https://twitter.com/Waltonchain
https://www.binance.com/
i did not found an official announce from walton team here on bitcointalk.
also i am not endorsed by nor associated with waltonchain.
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