That is correct. We are not working on a bounty campaign as of yet. We are deciding on how to best manage the project.

Important considerations we posted in the Slack group (which is temporarily disabled for security reasons):

SECURITY


A reminder to everyone again

1.    Please do not send any ETH to any address. We will not demand any ETH without a proper notice in advance.

2.    There are fake websites emerging. Please visit wanchain.org (this is for now the ONLY real website pertaining to Wanchain) and bookmark it. Also, please bookmark the proper MEW, Parity and other wallet websites in advance. There are many fake websites claiming to be these. They usually remove a letter or add a random letter to make it look real (e.g. FAKE MEW: ~myeterwallet.com~ – THEY REMOVE THE H IN THIS CASE). BE ALERT.

3.    Slackbot should be disabled but if you ever receive an email or a message from Slackbot, DO NOT CLICK THE LINK.

4.    We have disabled Microsoft office documents to be uploaded, this is for your security.

5.    We have 2FA active for our admins, and all passwords are in “deep cold storage” but admins can be compromised (unlikely but we must take measures if this was to occur). Admins will never send you an ETH address to send funds to. If you believe an admin has been compromised, please write to one of us on here, slack, reddit, facebook or twitter.

6.    Please do not rush to do anything. We will NEVER ask you to contribute on the same day of the notice. We are trying to ensure the security of the community but users must be pro-active too.

7.    No profanity. This includes abusive language to other users and/or admins.

FAQ

What should I do first?
Check out the information at www.wanchain.org (as of now this is the only LEGIT WANCHAIN WEBSITE).

No abusive language towards other users.

When does the ICO start?
ICO is postponed.  No date currently set.

How do I participate in the crowdsale?
Check wanchain.org/crowdsale for information regarding ICO participation. (ICO Postponed)


Is there a presale, registration, or whitelist?
Currently No, no and no. The ICO is postponed and this may change.


Tell me more about the ICOINFO whitelist.
Please remove your funds from ICO.INFO.

Can you give a short description of Wanchain?
Wanchain is a unique public blockchain with inter-chain transactions and privacy protection.  Wanchain has its own protocol for inter-chain transactions, which is based on locked account and threshold signature. With it, wanchain can support multi-assets trading.

Where is Wanchain registered?
The Wanchain Foundation is registered in Singapore. See the commercial whitepaper for details.

What are the main roles of Wancoin?
Two main roles for the Wancoin are: 1) process fees for Wanchain transactions and cross-chain transactions and, 2) bond deposits at each node for ensuring cross-chain transactions. In terms of applications, as more and more cross-chain transactions are processed by Wanchain and as Wancoin appreciates in value, Wancoin will become an intermediate currency for currency exchanges. This is similar to being the transaction medium for other currencies or digital assets.

Can the US participate in the ICO?
US, Singapore and Mainland Chinese citizens may not participate in this ICO. Use the laws of your locale to determine your participation in the ICO. We can't comment on the eligibility of any specific person or situation.


What about scams?
Beware of scammers sending phishing messages - if this happens to anyone, screenshot it and send it to one of the admins (on here that would be me).

PLEASE PAY ATTENTION. THE ONLY REAL WEBSITE IS WANCHAIN.ORG - ANY OTHER WEBSITES CLAIMING TO BE THE OFFICIAL WEBSITE IS TRYING TO SCAM YOU.


WE HAVE SO FAR UNCOVERED ONE FAKE SITE ENDING IN .CO


PLEASE BE ALERT, AND REPORT ANY OTHER SITES TO US.


THANK YOU

The website was run by a third party for security reasons. We have contacted them to remove it. Should reflect this any time now. Sorry for the hassle.

Dear Wanchain Supporters,

Due to the ICO regulations from the Chinese government, the Wanchain team has made the following decisions to protect our supporters’ interest:

1﹜ The ICO planned on Sep 6th will be delayed to a future date (still to be confirmed exactly when).
2﹜ We will continue developing our project per specified in the white paper.
3﹜ If you have any ETH locked in any of the Wanchain’s partners, please log in to their platform to get your ETH back.

We will continue updating the community on all platforms as soon as we receive further information regarding this matter.

Thank you so much for your support and patience.

There is no Pre-ICO. The point of Wanchain is to keep an active community after the ICO and to have users integrated into the platform so a media campaign after would make more sense after. I hope this makes sense

The exact release date has not been specified only Q4 2017 with a high chance of a November release. No, exchanges will be able to list these tokens as they please as well.

Singapore and the US

Hey!

Well you receive ICO ERC20 tokens which will be traded at a 1:1 ratio when the Wanchain platform goes live in November 2017. These tokens will give you the transfer rights to obtain WANcoins upon release of the platform. The structure is a bit different but we believe working on the platform and having it all ready with the tokens at the same time is the way to go!

Hope that clears it up if not just message me or join our slack

80 K ETH

Participation will be made by sending ETH to the smart contract released prior to the ICO on the 6th of September.

MEW, Metamask and ImToken are recommended wallets.

Hard cap is still being defined (Not 122,000 ETH though) as one of our ICO PLATFORMS had to temporarily suspend participation. Join our slack for updates. We will also post updates on here and reddit.

Many thanks

I am sorry for the hassle. It can occur sometimes during high traffic. Please try again and if it doesn´t work PM me your email and I will add you.

Please try using the Slack invitation link on the first page (at the top).

https://wanchain.herokuapp.com/invite

SLACK INVITE

1. There is no need for a trusted third party, the verification nodes run by miners will ensure maximum stability, security and protection for the users (those staking a percentage of WANcoins).
2. When conducting cross-chain transactions, the original chain will not be changed thus enabling any altcoin to communicate and exchange value with the Wanchain platform.
3. Wanchain will enable a series of smart contract scenarios with the added bonus of privacy protection (concept-of-privacy - please view the whitepaper for a better understanding).

Bankera - Judging from their website I believe they need to acquire a banking license. This will function more in a centralized way. Nothing is wrong with that but it is completely different to Wanchain that aims at being a decentralized and distributed financial market - offering concept-of-privacy (privacy protection of users) as well as incorporating secure transactions between other blockchains. In order to verify transactions and run the ecosytem, miners will stake a percentage of their WANCOINS (the platform token) to run a verification node.

Change - not too familiar with this so I will read up on it and give you my input on the differences.

That is correct. It will also allow interoperability (in this sense, communicating and exchanging tokens through its platform with other blockchains - the aim is to incorporate as many altcoins as possible in the near future).

I believe Polybius is not using its platform for communications/exchanges/privacy protection between other ledgers but exclusively and native to the Ethereum ledger. Polybius is built on the Ethereum network and is working exclusively within this platform.

Wanchain is built on Ethereum Go but will create smart contracts not only within Ethereum blockchain as a decentralized bank but between other blockchains as well - thus incorporating privacy protection for the users, exchange of value (tokens,currencies) and communications between other blockchains (not limited to only one) and using smart contracts in a variety of scenarios.

As far as the roadmap goes, the testnet will be released in September with the Wanchain 1.0 release in Q4 2017. COMMERCIAL WHITEPAPER - SEE PAGE 13 FOR ROADMAP

In June 2016, theoretical research and POC (Proof of Concept)
started for cross-chain transaction and privacy protection.
Going back to the origins of Wanchain, we introduced multi-chain division and
multi-chain layering methods in the Factom project, which mainly solved the
single-chain performance problem. The design was later referenced in many
parts of the prototype British National Crypto-currency. The architecture of
Wanchain is similar in nature to these previous projects. Our team has been
continuously researching cross-chain technology, and the current result is
based on this research. In June 2016, Wanchain project design began and the
team started researching and developing blockchain cryptographic algorithms.

In December 2016, proof of concept development is conducted for
token privacy protection of smart contracts.
Theoretical proof for token privacy protection of smart contracts based on
one-time addresses and ring signatures was completed in 2016, and the POC
was completed at the beginning of 2017. At the beginning of 2017, we
completed the design of the cross-chain transaction mechanism and the
cryptographic technology.

In June 2017, the white paper is released. The Wanchain website
goes online and Wanchain enters the ICO phase.
This commercial white paper and the technology white paper were released
together. We will give the first version to our advisory team and many other
blockchain insiders to review, hold several closed-door meetings, and collect
comments and feedback. Based on this feedback, and after revisions and
proofreading, the Wanchain project will be officially announced to the public,
and enter the public crowd-funding stage.

In September 2017, the ICO will begin to sell tokens and release a
Wanchain test network.
After two months of publicity, and after ensuring that potential participants
interested in the ICO fully understand the relevant Wanchain information, the
Wanchain project will open token sales and simultaneously release a
Wanchain test network. ICO sales will be publicly available through Ethereum
ERC-20 tokens; participants can buy it directly through their ERC-20 Ethereum
wallets. In order to benefit other participants, we will also have sales
cooperation through official partners.

In November 2017, Wanchain 1.0 will be launched.
Wanchain wallets and smart contract functionality with privacy protection will be
completed and Wancoin will be released.
In order to promote more rapid community development and business
applications for the Wanchain project, Wanchain will first introduce privacy
protection version 1.0 and then introduce the official Wanchain wallet. At that
time, participants holding ICO tokens can download the official Wanchain
wallet and exchange the crowdfunded tokens for Wancoin.
In June 2018, Wanchain 2.0 will be launched. Ethereum cross-chain
trading will be available, the Wanchain 2.0 cross-chain protocol will
be online, and the multi-currency Wanchain Wallet 1.0 will be
online.

The main goal of Wanchain project in 2018 is to achieve cross-chain trading
with Ethereum and Bitcoin, while promoting the Wanchain community and
environment. The goal of the Wanchain community is to attract more talented
developers to the low-level Wanchain protocols and tools and offer better
multi-currency wallets, browsers and other options for users. At the same time,
we will encourage and support more developers to develop different
Wanchain financial applications based on the needs of the end-user.
By the end of 2018, Wanchain 3.0 will be online. Bitcoin cross-chain
trading will be available, the Wanchain 2.0 cross-chain protocol will
be online, and the multi-currency Wanchain Wallet 2.0 will be
online.
The Wanchain business team will conduct targeted market promotions and
gain more in-depth cooperation from digital currency exchanges, OTC
institutions, digital wallets and other agencies, to provide digital currency
transactions for the distributed infrastructure. In the traditional financial
sector, Wanchain will seek more application development team members and
encourage and support them to use Wanchain as their basic platform to build
alliances and pave the way for future cross-chain connections.

In 2019, Wanchain 4.0 will be online. Wanchain cross-chain trading
is available, the Wanchain 3.0 cross-chain protocol will be online,
and the multi-currency Wanchain Wallet 3.0 will be online.
As the Wanchain technology platform matures, Wanchain will support more
digital currencies and digital assets in the public blockchain network. While the
consortium chains are increasingly applied to conventional applications, the
value of cross-chain transactions will be fully explored.

Glad to hear that. If you have any questions regarding this post, whitepapers or the project in itself please let know

Hi cryptoworldwide. At the moment (leading up to the ICO) there is no social media bounty campaign. However, there will be talks about it upon completion of the ICO.

There are two major factors that differentiates Wanchain from other projects in the same space. For one, there is no need for a trusted third party. In other words, it is completely decentralized. Secondly, when cross-chain transactions are executed, the mechanism in the original chain will not be changed (it adapts). Wanchain was built on Go and allows the support of smart contracts being applied to a number of different scenarios whilst also providing a concept-of-privacy.