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1  Alternate cryptocurrencies / Bounties (Altcoins) / 💰💰💰[BOUNTY]WAYKICHAIN-CHANGING THE WORLD $1500 worth of WICC each month💰💰💰 on: January 28, 2021, 10:22:28 AM


MONTHLY PAYMENT DIRECTLY TO YOUR WAYKICHAIN ADDRESS, $1,500 WORTH OF WICC EACH MONTH





WaykiChain(WICC) is a finance-centric public blockchain that provides decentralized finance infrastructure through core-layer implementation of decentralized exchanges (DEX) and crypto-asset backed stablecoin (WUSD) technologies. It adopts the dPoS+pBFT consensus algorithm with 3-second block submission and confirmation speed. It claims to have achieved an average TPS of 4500+, with a peak of 7800+.

Bounty Rules:

BOUNTY STARTS EVERY THURSDAY AND ENDS EVERY WEDNESDAY 11:59PM FORUM TIME

Jan 29- Feb 4 ended
Feb 5 - Feb 11 ended
Feb 12- Feb 18 ended
Feb 19- Feb 25 ended



1. All participants must join the WaykiChain Telegram Group and Bounty Telegram Group
2. Using multiple accounts, cheating, and spamming are not allowed. You will be Banned from the bounty Campaign immediately and all of your accounts will be banned permanently.
3. Failed to follow rules and weekly shares of posts may result in no payment. Being inactive for 2 (TWO) consecutive weeks will be removed.
4. The bounty manager and the project team reserve the right to make changes to the conditions at any time.
5. Negative Trust from DT and any other person are Not Accepted For Bounty Campaign  
6. All participants must post their WEEKLY REPORTS in this thread.
7. Quoting or Editing of posts is not allowed.
8.Authentication post is needed. Fill up the form for every campaign that you choose.

9.ALL PARTICIPANTS ARE REQUIRED to download WaykiChain Wallet:
*WaykiTimes⇒ https://play.google.com/store/apps/details?id=com.wicc.waykitimes
10. Only 25 per campaign will be accepted, this will be chosen by the team.


Code:
#PROOF OF REGISTRATION[/color][/b]
Forum Username:x
Forum Profile Link:x
Telegram Username: x

Facebook Campaign 33%:
Five (5) shares per week, 1 post with hashtags #WaykiChain #WICC #WGRT #ROG #blockchain #crypto #WaykiTimes
GOOGLE FORM
FORMAT:

Code:
WEEK #
FACEBOOK SHARES
1.
2.
3.
4.
5.
FACEBOOK POST:
1.


Twitter Campaign 33%:
Five (5) shares per week, 1 post with hashtags #WaykiChain #WICC #WGRT #ROG #blockchain #crypto #WaykiTimes
GOOGLE FORM
FORMAT:

Code:
WEEK #
TWEETS
1.
2.
3.
4.
5.
TWITTER POST:
1.

LinkedIn Campaign 34%:
Five (5) shares per week, 1 post with hashtags #WaykiChain #WICC #WGRT #ROG #blockchain #crypto #WaykiTimes
GOOGLE FORM
FORMAT:
Code:
WEEK #
LINKEDIN SHARES
1.
2.
3.
4.
5.
LINKEDIN POST:
1.


REWARD SYSTEM:






2  Alternate cryptocurrencies / Announcements (Altcoins) / WaykiChain (WICC) Weekly Report (04.06–04.13) on: November 24, 2020, 07:25:40 AM
3  Alternate cryptocurrencies / Service Announcements (Altcoins) / WaykiChain (WICC) Weekly Report (11.9–11.15) on: November 18, 2020, 04:22:06 AM
Technology & Products
Public Chain Development
l Public chain 4.0: Ubuntu coding completed, libp2p library introduced (100%)
l Public chain 4.0: network connection layer rewriting to support libp2p as the communication bottom layer (50%)
l Public chain 4.0: solving the compiler warning issue (40%)
l Public chain 4.0 ncd main function: code introduction for the related plugin (70%)

Application Development
l WaykiTimes CDP functionality and display optimized (100%)
l WaykiTimes 3.0.6 Android and iOS optimized (100%)
l C-Ratio adjusted in Redeem in WaykiTimes (100%)
l USDT deposits developed (100%)
l Batch token transfers developed, tested, and realized (100%)

Weekly Plan
Public Chain Development

l Public chain 4.0: network connection layer rewriting to support libp2p as the communication bottom layer
l Public chain 4.0: solving the compiler warning issue
Application Development
l Release of WaykiTimes 3.0.6
l Development and testing of WaykiTimes 3.0.7
l Development and testing of USDT-WUSD exchange for Instant

Market
International Market
l On November 10, the cryptocurrency influencer Vella (@cryptotrader85) retweeted WaykiChain’s 86th weekly report.
l On November 11, the DeFi influencer DeFi News (@Definews_Info) invited WaykiChain co-founder and CEO Gordon Gao (@GordonGao11) to an AMA event. Over 600 users joined the AMA.
l On November 12, WaykiChain released the article “WaykiChain Co-founder & CEO Gordon Gao: Exploration and Practice of Public Chain Implementation” through the official Twitter and Medium.
l On November 13, WaykiChain’s official Twitter account reposted all the answers of the co-founder and CEO Gordon Gao from the AMA with the DeFi influencer DeFi News (@Definews_Info) in an AMA recap.

National Market
l On November 11, the article “WaykiChain Co-founder & CEO Gordon Gao: Exploration and Practice of Public Chain Implementation” released across various Chinese media. It discussed how WaykiChain developed its public chain and became the DeFi first-mover starting from the market’s just needs.
l On November 13, Chinese news media released the “Exclusive Interview with WaykiChain: Blockchain Development Is Still at Its Start”. WaykiChain founder and CSO Wayki Sun, co-founder and CEO Gordon Gao, and co-founder and CTO Richard Chen talked about the breakthrough points in blockchain services, implementation of applications, and regulatory compliance of the blockchain industry.

Website: www.waykichain.com
Twitter: https://twitter.com/wayki_chain
Telegram: https://t.me/wiccofficial
Facebook: https://www.facebook.com/WaykiChainWICC/
Instagram: https://www.instagram.com/waykichain/
Reddit: https://www.reddit.com/user/Waykichain
4  Alternate cryptocurrencies / Service Announcements (Altcoins) / WaykiChain (WICC) Monthly Report (October 2020) on: November 04, 2020, 06:28:18 AM
Technology & Products
Public Chain Development
l Introduction of libp2p library to public chain programs as the basis for underlying network communication (80%)
l Plug-in framework added to public chain programs (100%)
l WASM token mode changed to db (100%)
l Private key randomization optimized and upgraded (100%)
l Script for writing new chain code compiled, Linux and macOS support added (100%)
l Algorithm for signature verification and public key push optimized and improved (C++) (100%)
l Compilation problem in secp256k1 library solved (100%)
l Rand_bytes() random function upgraded (100%)
l Core code integrated to the new chain, correct execution of programs achieved (100%)
l WASM development documentation: emit_result analysis and sample added to WASM function explanation (Chinese) (100%)
l WASM development documentation: WASM SDK transaction document added (Chinese) (100%)
l WASM development documentation: English documentation added (100%)
l WASM development documentation: WASM_type (Chinese) added (100%)
l WASM development documentation: WASM SDK index, detailed description of SDK functions, and SDK table documents optimized (Chinese) (100%)
l WASM development documentation: new SDK-related content added and optimized (100%)


Application Development
l Lock-up reward query developed, tested and launched (100%)
l WaykiTimes 3.0.5 Android and iOS tested and launched (100%)
l WaykiTimes service suspension function for system upgrades developed (100%)
l WaykiTimes Tokens function developed (100%)
l WaykiTimes multi-channel package upgrade function developed (100%)
l WaykiTimes iOS network error notifications optimized (100%)
l Wallet, Collateral Loans, and Wayki-X pages optimized in WaykiTimes iOS (80%)
l WaykiTimes download page developed (100%)
l Development of automatic wallet activation after wallet creation in WaykiTimes (50%)
l Redirection to trading interface in Wallet — Synths developed (100%)
l Coinbase integration development (wicc-rosetta-api) (95%)
l WaykiTimes Android bugs fixed and performance optimized (100%)
l Blockchain explorer bugs fixed (100%)
l WaykiMax plug-in wallet bugs fixed (100%)
l Wayki-X bugs fixed (100%)
l WaykiTimes transfer bugs fixed (100%)
l Price display optimized on the trading page of WaykiTimes English version (100%)
l Native to HTML5 page redirection speed optimization (80%)
l Wayki-X, app download page, and official website UI optimized (100%)
l Help Center content optimized, link copy function added (100%)
l BaaS add network error notification added (100%)
Plan for November


Public Chain Development
l Introduction of libp2p library to public chain programs as the basis for underlying network communication
Application Development
l Development and testing of the optimized CDP version
l WaykiTimes 3.0.6 specification development and testing
l Mechanism update for access socket of WaykiTimes trading page
l Transformation of a part of WaykiTimes HTML5 pages to native pages
l Coinbase integration testing


Market
International Market
l On October 13, accounts on Bitcointalk (WaykiChain_Project), Reddit (https://www.reddit.com/user/Waykichain), and Facebook (https://www.facebook.com/WaykiChainWICC/) resumed posting of official content.
l On October 14, the crypto influencer @CoinsCalendar retweeted WaykiChain’s September report.
l On October 14, “Decentralized Synthetic Asset Protocol: Wayki-X” video released on WaykiChain Twitter and YouTube. The video got 500+ views and 300+ reposts.
l On October 15, WaykiChain CEO Gordon Gao released the in-depth industry analysis article “What Is the Potential of Synths?” and WaykiChain Twitter and Medium reposted it. The article hit 300+ reposts.
l On October 16, the cryptocurrency media Coinspeaker published Gordon Gao’s article “What Is the Potential of Synths?”.
l On October 21, WaykiChain co-founder and CEO Gordon Gao was invited to an AMA session at Pantera ICO (https://t.me/panteragroup), a famous cryptocurrency community in South Korea, where he introduced the DeFi ecosystem, products, and future planning of WaykiChain to Korean users.
l On October 21, the famous news agency GlobeNewswire published the news about 2020 DeFi Global Ecosystem Summit and WaykiChain Ecosystem Partner Conference jointly hosted by WaykiChain and 36Kr (https://www.globenewswire.com/news-release/2020/10/21/2111658/0/en/Top-Blockchain-Finance-Gala-WaykiChain-holds-2020-DeFi-Global-Summit-and-WaykiChain-Ecosystem-Partner-Conference-in-Shanghai-on-Oct-25.html).
l On October 21, WaykiChain announced its membership in Asia DeFi Alliance via the official Twitter.
l On October 21, WaykiChain held the first round of weekly Q&A bounty tweets. As of October 24, 100+ users participated.
l On October 24, user @_rhythms29 won the first round of weekly Q&A bounty tweets and received an ETH airdrop from WaykiChain.
l On October 24, the official Twitter of HackerNoon, the American technology publishing website, retweeted the in-depth industry analysis article by WaykiChain co-founder and CEO Gordon Gao “What Is the Potential of Synths in DeFi?”
l On October 26, WaykiChain held the second round of weekly Q&A bounty tweets. As of October 29, the number of participants exceeded 150.
l On October 26, WaykiChain reached strategic market cooperation with Vietnam’s largest blockchain media and community vbc.group.
l On October 29, users @QuyenTr0902 and @maqceem won the second round of weekly Q&A bounty tweets and received an ETH airdrop from WaykiChain.
l On October 29, Telegram group Nhóm VBC (https://t.me/nhom_vbc) of Vietnam’s largest blockchain media and community vbc.group invited WaykiChain co-founder and CEO Gordon Gao to an AMA session. Mr. Gao answered the questions of Vietnamese users about WaykiChain’s ecosystem and products, and explained why WaykiChain joined the Asia DeFi Alliance (ADA).
l On October 30, Indonesian cryptocurrency media CryptoFun (https://cryptofun.id/) invited WaykiChain co-founder and CEO Gordon Gao to an AMA session in its Telegram community CryptoFun Discussion (https://t.me/CryptoFun_Discussion).


National Market
l On October 10, WaykiChain CEO Gordon Gao released the article “What Is the Potential of Synths?” where he pointed out that “DeFi synth protocols have the highest asset utilization and produce the most tangible effect and the highest leverage.”
l On October 10, “Wayki-X Tough Questions and Answers 01: ROG C-Ratio” released across various Chinese media.
l On October 13, “Wayki-X Tough Questions and Answers 02: ROG and xUSD Rewards” released across various Chinese media.
l On October 15, “Wayki-X Tough Questions and Answers 03: Synth Trading” released across various Chinese media.
l On October 21, WaykiChain joined Asia DeFi Alliance for the common construction of a prosperous DeFi ecology.
l On October 22, the Announcement on the Solution for Wayki-CDP Users Liquidated due to October 22 WICC Extreme Market Conditions was released. As WaykiChain puts users first, the users who experienced liquidation early in the morning on October 22 at prices of 0.18 USDT and below can redeem the liquidated WICC at the liquidation price within one month.
l On October 24, the article “Conference Highlights Preview! You Are Invited to the 2020 DeFi Global Ecosystem Summit and WaykiChain Ecosystem Partner Conference Early Experience” was released across the Chinese media. It previewed the important guests and event highlights.
l On October 25, WaykiChain and 36Kr jointly held the 2020 DeFi Global Ecosystem Summit and WaykiChain Ecosystem Partner Conference in Shanghai. The guests included Vice President of the China Society for World Trade Organization Studies (CWTO) and former President of the Chinese Academy of International Trade and Economic Cooperation (CAITEC) of the Ministry of Commerce Mr. Huo Jianguo, WaykiChain founder & CSO Wayki Sun, Deputy Director of the Trusted Blockchain Bureau of China Academy of Information and Communications Technology (CAICT) Mr. He Tao, Director of ShenZhen information service Blockchain Association Mr. Zheng Dingxiang, Shanghai Blockchain Association Chairman Ms. Wang Yi, Shanghai Advanced Research Institute, Chinese Academy of Sciences, Professor Zhang Zhaofeng, and other honored guests. They discussed the development path of blockchain finance and analyzed WaykiChain’s integrated DeFi ecosystem, including the underlying public chain and DeFi products. WaykiChain gave away 15 gold bars, 3 iPads, and 1 iPhone 11 to the guests and distributed USD 300 WGRT airdrops to over 200 users.
l On October 25th, WaykiChain founder & CSO Wayki Sun made an opening speech at the 2020 DeFi Global Ecosystem Summit and WaykiChain Ecosystem Partner Conference. Mr. Sun stated that, driven by huge profits and the continuous influx of professional talents, blockchain is creating a strong wealth effect. Mr. Sun expressed his belief that blockchain will have a revolutionary impact on the society.
l On October 25, at 2020 DeFi Global Ecosystem Summit and WaykiChain Ecosystem Partner Conference, WaykiChain co-founder & CEO Gordon Gao gave the speech titled “Exploration and Practice of Public Chain Implementation”. During the speech, Mr. Gao made two announcements: 1) WaykiChain makes a strategic investment in Beekuaibao, tuoluocaijing.cn, and W Broker; 2) on January 5, 2021, WaykiChain third-year anniversary, WaykiChain will start Super Node Election.
l On October 25th, WaykiChain co-founder & CTO Richard Chen delivered a speech titled “The Power & Beauty of WaykiChain Technology” at 2020 DeFi Global Ecosystem Summit and WaykiChain Ecosystem Partner Conference. Mr. Chen outlined the technical development process of WaykiChain and the achieved results. He stated that WaykiChain has completed upgrading to three major versions, successfully integrated the WASM virtual machine, reached the average TPS of 4500+, and realized cross-chain interactions.
l On October 25, WaykiChain co-founder & CPO Xi Zhang delivered a speech titled “The Most Imaginative Project of Future DeFi Synthetic Assets” at the 2020 DeFi Global Ecosystem Summit and WaykiChain Ecosystem Partner Conference. Mr. Zhang pointed out that the Synthetic Asset Protocol Wayki-X helps users trade the best global assets without barriers and at a low cost, can expand liquidity and assets, and has unlimited future potential.
l On October 30, “Natural Selection & Survival of the Fittest! Blockchain Finance and WaykiChain DeFi Advanced Evolution” released across various Chinese media. The article summarized 2020 DeFi Global Ecosystem Summit and WaykiChain Ecosystem Partner Conference.
l On October 31, WGRT trading competition “Buy WaykiChain (WGRT) To Win BMW G310R, MacBook Pro and Gold Bar” jointly held by Gate.io and WaykiChain concluded. All the WGRT token rewards were issued. Physical rewards will be distributed shortly as collection of delivery addresses of the winning accounts finishes. See the event announcement on Gate.io for details.


Website: www.waykichain.com
Twitter: https://twitter.com/wayki_chain
Telegram: https://t.me/wiccofficial
Facebook: https://www.facebook.com/WaykiChainWICC/
Instagram: https://www.instagram.com/waykichain/
Reddit: https://www.reddit.com/user/Waykichain
5  Alternate cryptocurrencies / Bounties (Altcoins) / [Bounty] #WaykiChain weekly award-winning question and answer tweet - week 2 on: October 26, 2020, 06:47:37 AM
https://twitter.com/wayki_chain/status/1318850020293050368?s=20

  Wink#WaykiChain weekly award-winning question and answer tweet - week 1

 Wink Leave your question under this tweet(links above) about WaykiChain, every Friday we will pick one lucky winner to get $ETH airdrop


To win $ETH
Like, RT. @ 2 friends
Follow @wayki_chain on Twitter (https://twitter.com/wayki_chain)
CMT your questions

Twitter: https://twitter.com/wayki_chain
Telegram: https://t.me/wiccofficial
Instagram: https://www.instagram.com/waykichain/
6  Alternate cryptocurrencies / Bounties (Altcoins) / [Bounty] #WaykiChain weekly award-winning question and answer tweet - week 1 on: October 22, 2020, 03:00:43 AM
https://twitter.com/wayki_chain/status/1318850020293050368?s=20

  Wink#WaykiChain weekly award-winning question and answer tweet - week 1

 Wink Leave your question under this tweet(links above) about WaykiChain, every Friday we will pick one lucky winner to get $ETH airdrop


To win $ETH
Like, RT. @ 2 friends
Follow @wayki_chain on Twitter (https://twitter.com/wayki_chain)
CMT your questions

Twitter: https://twitter.com/wayki_chain
Telegram: https://t.me/wiccofficial
Instagram: https://www.instagram.com/waykichain/
7  Alternate cryptocurrencies / Marketplace (Altcoins) / WaykiChain AMA Series - Join and get lucky ETH airdrop on: October 20, 2020, 08:53:11 AM


💥#WaykiChain AMA Series with ICO Pantera(https://t.me/panteragroup)

🗓️: Oct. 21st, 9:00 AM UTC🌐 (5 AM EST🇺🇸, 16 PM WIB🇮🇩, 18PM KST🇰🇷, 16PM VST🇻🇳)

🗣️: WaykiChain CEO&Co-Founder Gordon Gao @GordonGao11

AMA live broadcast on https://t.me/wiccofficial
, join for lucky ETH airdrop



Telegram: https://t.me/wiccofficial
Twitter: https://twitter.com/wayki_chain
Website: www.waykichain.com
8  Alternate cryptocurrencies / Marketplace (Altcoins) / WaykiChain (WICC) Weekly Report (10.12–10.18) on: October 19, 2020, 10:10:37 AM
Technology & Products

Public Chain Development
l WASM token model changed to db (100%)

l Optimization and improvement of the algorithm for signature verification and public key push (C++) (100%)

l Script compilation for writing new chain code, support of Linux and macOS (100%)

l WASM development documentation: emit_result analysis and sample added to WASM function explanation (Chinese) (100%)

l WASM development documentation: WASM SDK index, detailed description of SDK functions, SDK table documents optimized (Chinese) (70%)

l WASM development documentation: WASM SDK transaction document added (Chinese) (100%)

Application Development
l WaykiTimes 3.0.5 HTML5 pages testing and release (100%)

l WaykiTimes 3.0.5 Android and iOS testing (60%)

l WaykiTimes plug-in wallet transaction history issue localization and testing (100%)

l DCND deployment in WaykiTimes (100%)

l Download page development for WaykiTimes (100%)

l Fixed WaykiTimes bugs: transfer, inability to display RegID, inability to display Remember password on Android, inability to display transaction history for all DEX tokens in Wallet (100%)

l Wayki-X project released to the production environment (100%)

l Fixed Wayki-X bugs: empty date in Yield Farming, display of inconsistent C-Ratio, inability to return from ROG Yield Farming and What Is Wayki-X pages. Navigation page images replaced (100%)

l DCND deployment in Wayki-X (100%)

l Rogming project released to the production environment (100%)

l Lock-up project development (50%)

l Network exception notification added to BaaS (100%)

l Fixing of the transaction display bug in the plug-in wallet (80%)

l Accounts page number bug fixed on the blockchain explorer (100%)

l Coinbase integration development (wicc-rosetta-api) (95%)

Weekly Plan

Public Chain Development
l Integration of the core code of the new chain and achievement of correct execution of programs

l WASM development documentation: addition of WASM type documents

l WASM development documentation: Chinese documentation optimization

l WASM development documentation: addition of English documentation

Application Development
l WaykiTimes 3.0.5 internal testing, optimization, and release

l WaykiTimes test download page development

l Coinbase integration testing and optimization (wicc-rosetta-api)

l Lock-up contract testing and development completion

Market
International Market

l On October 13, accounts on Bitcointalk (WaykiChain_Project), Reddit (https://www.reddit.com/user/Waykichain), and Facebook (https://www.facebook.com/WaykiChainWICC/) resumed posting of official content.

l On October 14, the crypto influencer @CoinsCalendar retweeted WaykiChain’s September report.

l On October 14, “Decentralized Synthetic Asset Protocol: Wayki-X” video released on WaykiChain Twitter and YouTube. The video got 500+ views and 300+ reposts.

l On October 15, WaykiChain CEO Gordon Gao released the in-depth industry analysis article “What Is the Potential of Synths?” and WaykiChain Twitter and Medium reposted it. The article hit 300+ reposts.

l On October 16, the cryptocurrency media Coinspeaker published Gordon Gao’s article “What Is the Potential of Synths?”.

National Market
l On October 10, WaykiChain CEO Gordon Gao released the article “What Is the Potential of Synths?” where he pointed out that “DeFi synth protocols have the highest asset utilization and produce the most tangible effect and the highest leverage.”

l On October 10, “Wayki-X Tough Questions and Answers 01: ROG C-Ratio” released across various Chinese media.

l On October 13, “Wayki-X Tough Questions and Answers 02: ROG and xUSD Rewards” released across various Chinese media.

l On October 15, “Wayki-X Tough Questions and Answers 03: Synth Trading” released across various Chinese media.

l On October 16, WaykiChain officially announced the 2020 DeFi Global Ecosystem Summit and WaykiChain Ecosystem Partner Conference to be co-hosted with 36Kr. The guests will include Vice President of the China Society for World Trade Organization Studies (CWTO) and former President of the Chinese Academy of International Trade and Economic Cooperation (CAITEC) of the Ministry of Commerce Mr. Huo Jianguo, Deputy Director of the Trusted Blockchain Bureau of China Academy of Information and Communications Technology (CAICT) Mr. He Tao, Chairman of Shanghai Blockchain Technology Association Ms. Wang Yi, Director of ShenZhen information service Blockchain Association Mr. Zheng Dingxiang, Guosheng Securities Blockchain Research Institute Analyst Mr. Sun Shuang, and other honored guests. The conference will be held in Banquet Hall A, 10/F, Renaissance Shanghai Zhongshan Park Hotel on October 25.

Website: www.waykichain.com

Twitter: https://twitter.com/wayki_chain

Telegram: https://t.me/wiccofficial

Facebook: https://www.facebook.com/WaykiChainWICC/

Reddit: https://www.reddit.com/user/Waykichain

WRITTEN BY

WaykiChain WICC



9  Alternate cryptocurrencies / Marketplace (Altcoins) / What DeFi should be? — WaykiChain’s approach to making finance decentralized on: October 15, 2020, 05:51:38 AM
WaykiChain CEO, Gordon Gao: What DeFi should be? — WaykiChain’s approach to making finance decentralized

On May 19th, 2020, WaykiChain CEO, Gordon Gao was invited to give a speech on Crypto Asia Summit. Here is his speech content sharing:
— — — — — — — — — — — — — — — — — — — — — — — — — —

If we pick one buzzword from 2019 and 2020 in the blockchain industry, that must be decentralized finance, which is DeFi.

Starting from 2017, ETH locked in DeFi system has been raised from nearly 0 to 2.6 M. So far, hundreds of applications are running or under development on Etherem. So it is clear to see that the development of DeFi is blooming.

WaykiChain DeFi

Starting from the beginning of 2019, WaykiChain has been thinking about how to design an efficient and secure public blockchain, which aims to provide financial services to cryptocurrency holders. We realized that the crypto community is consists of developer geeks and the rest of them, which is the largest group, are investors and speculators. Financial services are the rigid demands of those people and they need some transparent and trustworthy platforms to satisfy their demands. So WaykiChain decided to focus on DeFi, and then we launched our first DeFi product, Wayki-CDP. Wayki-CDP is a lending protocol which allows users to borrow WUSD with some collateralization. Now we have over 30M WICC pledged in the system and this takes 15% of the WICC’s total amount.

In the process of designing the system, we see some problems with Etherum and the applications on that. For example, it is nearly impossible to build a secure financial application on ETH as solidity can nearly do everything. This will cause difficulties to test every possible outcome. And the economy models of some large Defi projects are not efficient. I will share WaykiChain’s approach on how to make the improvement in our DeFi ecosystem.

Nearly all the Defi protocols start from some level of collateralization. So we believe DeFi platform should be strong under price collapse.

WaykiChain’s performance under The 3.12 Collapse

On March 12th,2020, the entire cryptocurrency market has been suffered from a severe downturn. Bitcoin’s price dropped over 50% within 24 hours. During this time, as one of the largest DeFi protocol on Etherum, MakerDAO’s liquidation system was not functioning very well, due to the traffic conjunction of ETH network and some flaws in their model design. The protocol was nearly to be closed and generated over 4M USD bad debt. These bad debts need to be removed through auction. This means that the entire MakerDao’s community and MKR holders should cover the lost.

However, at the same time, Wayki-CDP, which is a similar lending protocol with MakerDAo, is running as normal with $0 bad debts. Here is the data comparison.

How can we achieve this? I would like to introduce our token economy model. We adopted a similar 3-token model with Maker. Users who don’t want to sell their coins but need some cash can pledge their assets to the CDP and generate WUSD, the stable coin, and pay some interest to the system. The interest will be used to recycle WGRT and destroy it. With the concept who benefit from the system is responsible, when the entire system is in trouble, the potential bad debt will be covered by the inflation of Governance coin WGRT.

Moreover, we designed 4 mechanisms to make sure the system will work in different situations.

Over-collateralization: At least 200% collateral rate to ensure the overall value of WICC is over the value of WUSD.

Clearing mechanism: Liquidators can purchase discounted assets. Part of the penalty fee will be used to charge Risk Reserve Fund.

Risk Reserve Funding Pool: During Black Swan Events, this fund is used to close the insolvent CDPs.

Emergency Shutdown:When the overall collateralization rate falls below 80% during Black Swan Events, the system will be suspended. After the market stabilizes or rebounds, the community can initiate a restart proposal.

How does WaykiChain enhance security to avoid hacking?

If there is something can stop DeFi from being a widespread application. It must be safety issues. Frequent exploits drain people’s faith with DeFi and some people stop being optimistic about the future of this industry.

Here are some of the attacks: DeFi Project bZx Exploited for the second time in a week, loses $630K in Ether; An re-entrancy attack drains dForce $25M in Crypto; dForce loses 99% funds, and Enthereum-based Synthetic Asset platform loses 37M tokens in an oracle Attack.

Most of the attacks are the problem of the project itself. We believe Etherum also has some features which are not suitable to provide financial services.

If we think this carefully, most of the attacks can be avoided if the system is developed in a structured way. I will share what WaykiChain did to improve the security level. We believe in these aspects we did much better than ETH.

Oracle attack means hackers can change the price feeding program and manipulate the market price to make profits. In Synthetix’s hack event, one of the APIs on the platform was reported a 1000x higher price of the actual rate of Korean Won(KRW). However, WaykiChain makes the oracle fully decentralized to avoid this from happening. 11 Block producers act as the reporter. And the moving median algorithm is adopted to avoid misreporting on a single node.

Some attacks made use of the compatibility issues on ETH. Some operations are quite reasonable in one protocol but will cause problems if we interoperate between smart contracts. As for the bZx case, Hackers made use of the flash loan on the dYdX platform to borrow low-liquidity assets and sell them in another protocol (Kyber and Uniswap). Then make profits by shorting this low-liquidity asset. Important functions like DEX, price feeding, and stable coin developed on the bottom layer of blockchain as basic infrastructure. In this way, frequently used protocols are developed by one team and are fully tested and verified.

Some hacks are caused by the unclearly defined asset standard. In dForce case, dForce and Uniswap have compatibility issues with ERC-777 tokens as it is not a normal Ethereum standard, which makes re-entrancy attack available. On WaykiChain, Asset standards are defined on the bottom layer of blockchain. 5 asset types supported. Original Assets, pledged assets, cross-chain assets, user-generated assets, and smart assets. Every standard is unique across the system and you own your own money, not the smart contract owns.

In the real world, a healthy financial system is built in a structured way. We have a central bank, commercial bank, and investment banks. Each of them is playing different roles and have different authorities. We believe DeFi eco-system should be built in a similar way, a structured way, instead of just putting Lego blocks together.

In addition to the well-designed economy model and security level, we believe DeFi should have some other features like: Decentralization. It is interesting that decentralized finance needs to be decentralized. Because there are a lot of DeFi products on the market, but not all of them are fully decentralized. If we take care of all of the following aspects.

If we take care of all of the above aspects, we can realize that WaykiChain decentralized application on WaykiChain is the only application that is non-centralized managed, with a decentralized information source, address-initiated margin call notification, address provided marginal liquidity, community-determined interest rate, the decentralized protocol developed and updated applications.

WaykiChain Technological Features

We also believe the users and developers experience are equally important as the above-mentioned factors. Here are some technical features to improve the experience.

Although DeFi on ETH is rising, I still believe the industry should keep an eye on the DeFi ecosystem on other blockchains. Maybe some dark horses are among them, and WaykiChain is definitely one of them.

If you want to watch Gordon Gao speech video on Crypto Asia Summit, please visit: https://www.chaintalk.tv/watch/gordon-gao/
10  Alternate cryptocurrencies / Altcoin Discussion / WaykiChain(WGRT) IEO Successfully Launched on OKEx on: June 09, 2020, 07:05:47 AM


On June 3rd, WaykiChain has announced that its WGRT IEO will be started on OKEx, one of the most popular digital asset trading platforms around the world, on June 17th (UTC Time). This is the first time that WGRT goes live on the centralized exchange. The listing of WGRT on OKEx is a major step towards the world and further extends its global market accessibility.
WGRT is the governance and equity token of WaykiChain’s decentralized collateral lending platform. The platform can provide decentralized collateral lending services to users worldwide. WGRT holders can participate in the adjustment of system parameters and the governance of system operation rules, which is an important part of the financial system. In the operating process of the stablecoin system, the interest generated by collateralizing WICC and penalty generated when the bad CDP is liquidated will be converted into WGRT and then automatically destroyed by the system.
OKEx provides cryptocurrency trading services to millions of users in more than 150 countries worldwide. According to the crypto media Decrypt, OKEx leads with a 24-hour daily trading volume of more than one billion dollars and the exchange has persistently ranked among Top 10 CoinMarketCap exchanges by liquidity. OKEx has been featured in the CryptoCompare Exchange Benchmark report as the top 10 cryptocurrency exchanges in the world, by receiving a grade A verification for two consecutive years.
WaykiChain is committed to advancing and leading in the Blockchain industry by building and innovating in its Defi eco-system and underlying technologies. WaykiChain owns an industry-leading public with high-performance transaction processing capabilities (TPS3300), efficient mechanism of consensus (DPoS + pBFT), and powerful smart contract and a world-leading Defi ecosystem. Until now, WaykiChain has developed nearly 30 countries communities which include America, Britain, France, Germany, Switzerland, Dubai, Turkey, and South Korea. And more than 30 WaykiChain Global ambassadors have become WaykiChian’s solid foundation for developing overseas markets.
The listing of WGRT is further proved that the advance of WaykiChian’s cutting-edge technology, innovative product, and world’s leading team. Getting listed on another premier exchange, not only can enhance WaykiChain’s visibility and credibility to its global community, but also giving token holders the opportunity to realize the value of their investment.
11  Alternate cryptocurrencies / Altcoin Discussion / WaykiChain Listing Announcement: WGRT IEO on OKEx on: June 09, 2020, 06:50:19 AM


Dear Waykichainers,
On June 17 th, 2020, WaykiChain (WGRT) IEO will be started on OKEx. The following trading pairs will be available: WGRT/USDT, WGRT/USDK. Please be noted the available timer for different trading pairs below:
OKBelievers Exclusive Allotment Session: 04:00 June 17th, 2020 (UTC)
OKTraders Privilege Allotment Session: 05:00 June 17th, 2020 (UTC)
WGRT/USDT Spot Market: 07:00 June 17, 2020 (UTC)
WGRT/USDK Spot Market: 09:00 June 17, 2020 (UTC)
WaykiChain Foundation
June 3rd, 2020
If you want to know more WGRT IEO trading details, please check: https://medium.com/@waykichainwicc/waykichain-wgrt-waykichain-governance-coin-x-okex-jumpstart-token-sale-details-88a1a3efa0a
12  Alternate cryptocurrencies / Altcoin Discussion / WaykiChain WGRT (WaykiChain Governance Coin) x OKEx Jumpstart Token Sale Details on: June 09, 2020, 06:35:36 AM

Dear WaykiChainers,
We are pleased to announce that WGRT (WaykiChain Governance Coin) will be the project of 14th token sale on OKEx Jumpstart and will be launched on June 17, 2020 (UTC). The OKBelievers Exclusive Allotment Session will open at 04:00 (UTC), and the OKTraders Privilege Allotment Session will open at 05:00 (UTC). The rules are as follows:
Subscription Details
1. Sale Price: 1 WGRT = $ 0.003
2. Exchange Rate: to be confirmed by the OKB price on the token sale day
3. Session Supply
OKBelievers Exclusive Allotment Session: 333,333,333 WGRT; Over-subscription Limit: N/A
OKTraders Privilege Allotment Session: 333,333,333 WGRT; Over-subscription Limit: N/A
4. Subscription Amount
Individual Minimum Subscription Amount: 100,000 WGRT;
Individual Cap: 1,333,334 WGRT
5. Allotment Coefficient: Individual allotment coefficients can be viewed on the OKEx Jumpstart website.
For the details of the token sale rules, please see How to Participate in OKEx Jumpstart 14th Project WGRT (WaykiChain Governance Coin).
Points to Note
1. Only users from the designated countries who have completed KYC2 verification can participate in the subscription;
2. You are recommended to transfer your OKB to your OKEx Funding Account in advance for the subscription;
3. The subscription is available on both OKEx website and the OKEx mobile app;
4. Each subscription session lasts for 30 minutes. The OKB released from the first session can be used for the second session.
Listing
WGRT/USDT Spot Market: 07:00 June 17, 2020 (UTC)
WGRT/USDK Spot Market: 09:00 June 17, 2020 (UTC)
About WGRT Project
WGRT, (WaykiChain Governance Coin) maintains the security and stability of WaykiChain’s DeFi Ecosystem, and providing a fair and transparent platform for participants who build the system.
WGRT, the governance coin supported by WaykiChain’s decentralized lending platform. The platform provides decentralized collateral lending services for users worldwide. WGRT holders can participate in the adjustment of system parameters and the governance of system operation rules, which is an important part of the DeFi Ecosystem.
WUSD, a stablecoin whose value is pegged to USD, is developed based on the core layer of the WaykiChain public chain. In the DeFi Ecosystem, anyone can conduct collateral lending and governance through the chain, which is transparent and open.
For more information, please refer to about WGRT (WaykiChain Governance Coin)- 14th Project of OKEx Jumpstart.
13  Alternate cryptocurrencies / Altcoin Discussion / WaykiChain Defi system runs stably, Total WICC Collateral breaks 29 million on: March 13, 2020, 03:24:26 AM
Affected by the global financial market, the market experienced a sharp shock this week. WaykiChain (WICC) Defi system is still operating steadily. Since this week, WaykiChain Defi system has only liquidated 0.2 million WUSD worth of WICC. At the same time, the WICC collateral volume has also increased by more than 3.8 million. At present, the price of WUSD is stable at about $ 1

It is reported that due to turbulent market conditions, the demand for protecting funds through the professional Defi system also significantly increased. Until now, it has collateralized over 29 million WICC and issued over USD 1.4 million worth of WUSD through WaykiChain Defi ecosystem.

If you want to know more about WaykiChain, please visit:

WaykiChain Twitter: @wayki_chain
Telegram: http://wicc.me/1
YouTube: https://youtube.com/channel/UCjudZhgPcAX74LVxi23kKvg
Medium: https://medium.com/@waykichainwicc
14  Alternate cryptocurrencies / Altcoin Discussion / WaykiChain(WICC) Public Chain V2.0 Version: 10 New Features You Need to Know on: March 09, 2020, 08:49:41 AM
WaykiChain is always making efforts to develop public chain technology and ecosystem and prove its strength by technical advantage and actual business applications. Now, WaykiChain(WICC) public chain v2.0 version has completed the mainnet upgrade on September 30, 2019.

WaykiChain(WICC) public chain v2.0 version has following new features:

1. Optimize node interaction PRC interface, more standardized and concise

The RPC interface is mainly used to support cross-application and cross-host interface calls in distributed systems. The interface definition becomes more standardized and concise after this optimization and upgrade. For developers, it will make design and development easier, and for consumers, interface calls will become simpler and more convenient.

2. Increase the speed of block generation: increase from 10 seconds to 3 seconds, transaction will be quicker live on the chain

WaykiChain(WICC) public chain v2.0 version has better transaction confirmation speed. The shorter block production time, coupled with the larger data throughput (TPS3300), can further improve the data processing capacity of the public chain and create the possibility for WaykiChain to create more high-quality functions.

3. Add CDP mechanism for pledging WICC to get stablecoin WUSD

CDP (Collaterized Debt Position) is a very important concept in WaykiChain stablecoin system. CDP is used to keep and protect the asset pledged by users. The crypto assets that can be pledged at the initial stage is WaykiChain public chain token WICC, following by BTC, ETH. Along with the development of our business, other valuable assets will also be accepted as collateral.

4. Add governance coin WGRT with interest increase mechanism

As an important part of WaykiChain 3-token economy model, WGRT (Governance Coin) not only shoulders the function of coordinating the stable operation of WaykiChain stablecoin system, but also an important means for the community administrator to exercise governance.

5. In addition to the commission fee, miner nodes will also obtain a proportional WICC additional interest issued within each block during mining.

Miners are mainly responsible for transaction confirmation and data packaging on the chain. Therefore, they play a key role in the normal operation of on-chain transactions. Expanding the source of revenue and increasing the amount of revenue can further motivate miners to work.

6. Add the decentralized exchange function implemented by the bottom layer on the chain: DEX

DEX is implemented on the bottom layer of the public chain. In addition to inheriting some of the advantages of traditional centralized exchanges, carrying the same or even larger trading volume as traditional exchanges, it also solves the widespread existence of centralized asset exchanges industry risks such as security risks, transaction unfairness, regulatory restrictions and high transaction costs.

7. Transfer account model: support various blockchain assets

The account model is the basis of the trading system, and its design directly affects the characteristics of the entire system. By transforming the underlying account model, WaykiChain will be able to support more other on-chain assets, including cross-chain assets, user-issued assets, and pledge-generated assets. This will be gradually reflected in the transactions on WaykiChain’s decentralized exchange.

8. Support account activation free, registration free mode

9. Multi-coin transfer transaction support (common address-> common address, common address-> contract address) supports different types of on-chain asset tokens (WICC / WGRT / WUSD, etc.)

10. Multi-address transfer transactions support, one transfer can transfer the same or different amounts of currency to multiple addresses.

The success of the public chain is ultimately the success of the ecological community. When WaykiChain developed the public chain v.2.0 version, each new feature is based on the long-term interests of the ecological community. By transforming the breakthrough and leap of the functional framework into an engine that promotes commercial landing and attracting communities to participate in co-construction with an excellent governance model, the new features of public chain v2.0 will help WaykiChain grasp new trends and achieve more solid foundation.


If you want to know more details about WaykiChain, please visit:
WaykiChain Twitter: @wayki_chain
Telegram: http://wicc.me/1
YouTube: https://youtube.com/channel/UCjudZhgPcAX74LVxi23kKvg
15  Alternate cryptocurrencies / Altcoin Discussion / WaykiChain Foundation repurchased ETH in large Numbers on: March 09, 2020, 04:20:07 AM
WaykiChain Foundation repurchased ETH in large Numbers. WaykiChain CSO, Wayki Sun believes that its market value of ETH will surpass that of Apple Inc. in the future.

Back in late 2017, WaykiChain Team sold ETH, generating enough cash flow to support its long-term growth as the global market peaked and retreated.

According to Wayki Sun, the Founder of WaykiChain, ETH will continue to be the biggest competitor of all public chains in the near future. As the most thoroughly studied blockchain project by WaykiChain team, ETH’s current ecosystem has become increasingly mature and perfect, and it is the object that WaykiChain has been learning to catch up with. As a world-class market project, its market value might be as high as or even higher than that of Microsoft and Apple Inc. in the future, along with Bitcoin.
16  Alternate cryptocurrencies / Altcoin Discussion / WaykiChain(WICC) Successfully Listed on Bittrex Global on: February 26, 2020, 08:25:25 AM


On Februray 26, 2020, 1AM CET (UTC+1)/ Feb 25, 16PM PST(UTC-8)/ Feb 26, 8AM SGT (UTC+8), WaykiChain (WICC) is listed on Bittrex Global. The following trading pairs will be available: WICC/BTC and WICC/USDT.

About Bittrex Global

Bittrex Global is an international cryptocurrency exchange based in Liechtenstein, Europe established by US-based blockchain platform Bittrex. Bittrex was nominated as one of the most transparent exchanges, praised for reporting accurate trading volume by the Blockchain Transparency Institute (BTI) in September 2019. It is one of the internet’s largest and most active cryptocurrency exchange, managing to attract millions of digital currencies traders from around the world, to its marketplace.


About WaykiChain:

WaykiChain is a world’s leading blockchain company focused on blockchain’s underlying technology and related Defi ecosystem technology. WaykiChain owns an industry-leading public with high-performance transaction processing capabilities (TPS3300), efficient mechanism of consensus (DPoS + pBFT), and powerful smart contract and a world-leading Defi ecosystem. Until now, WaykiChain has developed nearly 20 countries communities which include America, Britain, France, Germany, Switzerland, Dubai, Turkey and South Korea. And more than 30 WaykiChain Global ambassadors have become WaykiChian’s solid foundation for developing overseas market.

WICC is the fuel for WaykiChain ecosystem, similar to gas on Ethereum. WICC is also used as collateral for the generation of WUSD. Now users can invest HK/US Pre-IPO by using WUSD as their payment, which is provided by Huatong Security

If you want to know more details about WaykiChain, please visit:
WaykiChain website: https://www.waykichain.com/
WaykiChain Twitter: @wayki_chain
Telegram: http://wicc.me/1
YouTube: https://youtube.com/channel/UCjudZhgPcAX74LVxi23kKvg
17  Other / Off-topic / WaykiBet 2.5 Bug Bounty on: November 10, 2018, 06:59:23 AM
(Click to download WaykiBet)
Hi, everyone! Come to join in WaykiBet 2.5 Bug Bounty to share 5,000 USD reward!

WaykiBet DApp V2.5 has officially launched! WaykiBet is a decentralized betting platform that runs on WaykiChain public chain. Compared to other betting products, users can build a bet with one-click in WaykiBet, with high return rate and more convenient user experience.

WaykiChain is now holding a bug bounty in community. Users can report bugs or optimizing suggestions of WaykiBet 2.5. If the bugs or suggestions are adopted, users can share total 5,000 USD bounty.

Total Bounty: 5,000 USD
Ordinary optimizing suggestions share 30% of the bounty.
Important optimizing suggestions share 70% of the bounty.
Besides, we will randomly choose 10 comments to each send 66 free WICC (worth $15).

Rules:
1.Please directly report the bugs or suggestion in comment and describe in detail as much as possible.
2.If there are comments reporting the same bug, only the first comment will be chosen.
3.This bounty activity ends at Nov. 18.
4.WaykiChain owns the final interpretation of this activity.


1.Everyone Can Build a Bet with Structured Game Data
By accessing game data from authoritative third-party, WaykiBet ensures the timeliness and accuracy of the game results. Users can build fixed-odds bets after referring authoritative data at any time. After the game is over, the smart contract will automatically calculate the results and deliver the payout, without manual participation in the whole process.

2.High Return Rate by Odds Ranking
WaykiBet uses odds ranking, which will show the highest odds option of one same game at the top. With odds ranking, users can choose odds and corresponding betting amount to get highest return. WaykiBet uses fixed odds, users can check their estimated return before placing the bet.

3.Traceable Game Records, Open, Transparent and Handling Fee Free
Based on blockchain's openness and irreversibility, all operation records in WaykiBet will be recorded on WaykiChain public chain, and can be checked at any time. Besides, through hybrid architecture, WaykiBet has solved the problems of current blockchain transaction: long confirming time, low efficiency and handling fee, etc.
(Detailed instruction in youtube: https://youtu.be/Z60FZJKjIKc)

Special Notes:
1.WaykiBet is available for registering in the following countries and regions: China, USA, Japan, India, Vietnam, South Korea, UK, Netherlands, Nigeria, Hong Kong, Macau, Taiwan.
2.WTEST used in WaykiBet is test coin. WaykiChain does not provide any two-way exchange channel for WTEST.
3.From Nov. 2 to Nov. 15, every registered user will get 100 airdropping WTEST at 11am (UTC+8) everyday.

Q&A in WaykiChain telegram: https://wicc.me/pr1
18  Bitcoin / Project Development / WaykiChain Weekly Report 10.29–11.04 on: November 07, 2018, 05:47:01 AM
Marketing Weekly Report
Domestic
1. Held the first stop of WaykiChain 2019 Campus Recruitment — South China University of Technology.

2. Co-hosted “Crypto Lucky Dog”, “WaykiChain Airdrop”, “Bitcoin 10 Years” activities with BiShiJie.

3. Co-hosted “Halloween Candy” activity with xcong.com, winner announcement on Nov. 5.

4. Held rewarded Q&A activity on Xueqiu.com.

5. Co-planned “Single’s Day Shopping Festival” activity with AEX, which will be launched recently.

6. Launched Single’s Day activity series — “WaykiChain Product Expert — Find Bugs”.

7. Launched Single’s Day activity series — “WaykiChain Pays Your Bill”.

8. Published announcement of WICC lock revenue of Oct.

Global
1. Community Members: Telegram: 262,771; Twitter: 3,613; Facebook: 10,193.

2. Community activities: Successfully held WaykiChain-Halloween themed activity; “Bitcoin 10 Years” activity is ongoing.

3. Project Updates: Published articles “Where Does Blockchain Betting like EOSBet Go?” and “An Update on Our Vision, Mission and the Road Ahead”.

Product Weekly Report
Work summary of last week
For WaykiBet V2.5 (100% completed):

1. Launched the official version of WaykiBet 2.5.

2. Collected bugs of WaykiBet from community and fixed.

For WaykiTimes V1.0 (100% completed):

1. Completed the development and testing for all functions of iOS and Android.

2. Delivered the operation training of WaykiTimes back end management to operating team.

3. Worked with Consensus Department for publicity articles for WaykiTimes launch.

For Blockchain Games (35% completed):

1. Started to design and develop game back end.

2. Started to write smart contracts.

3. Started to design UI.

Work plan for this week
For WaykiBet:

1. To complete the development and launch of WaykiBet V2.5.2; To add SMS service for overseas countries and fix bugs.

For WaykiTimes V1.0:

1. To complete all preparation work for WaykiTimes launch.

2. To confirm all function requirements for WaykiTimes V2.0.

Technology Weekly Report
Work summary of last week
1. Launched the official version of WaykiBet 2.5.

2. Collected WaykiBet 2.5 bugs and fixed 80% of the bugs.

3. Completed the task of batch-airdropping test coin (WTEST).

4. Completed the development of large-value address monitoring service.

5. Completed the interface interaction and debugging of WaykiTimes and external medias.

6. Completed the interface interaction and debugging of WaykiChain wallet.

7. Completed the testing of WaykiTimes and fixed 90% bugs.

8. Confirmed the content creating and publishing tools for developer-friendly community.

9. Created the address to receive old coins for Huobi mainnet switch and confirmed the final agreement of Huobi mainnet switch.

Work plan for this week
1. To open SMS service of WaykiBet for overseas countries.

2. Continue to collect and fix bugs of WaykiBet 2.5.

3. To complete the testing, bug-fixing, and launch of WaykiTimes.

4. To start blockchain games project.

5. To complete the documents WaykiChain calling JSON RPC interface for the developer-friendly community.

6. Continue to follow up WICC mainnet switch on Huobi and other exchanges.

Welcome feedback from the community, so please do get in touch. Want to dive in further? Follow WaykiChain on Telegram, Twitter, Medium and LinkedIn.
19  Bitcoin / Project Development / An Update on WaykiChain's Vision, Mission and the Road Ahead on: October 26, 2018, 08:54:19 AM
The “wisdom of the crowd” phenomenon has been widely explored by many experts. The discovery that the aggregate answers of many different people are often superior to those of individuals has jumpstarted new companies and industries. Companies like Wikipedia, Quora, and StackExchange show us how crowdsourced answers can lead to fast and accurate information. The rise of prediction markets demonstrates how crowdsourced answers can lead to financial gains. These markets, if leveraged at scale, could potentially provide the world with one of most efficient forecasting tools available.

It just illustrates a quote of Wayki Sun, founder of WaykiChain,
“Our business model is the most down-to-earth and the most likely to put into application. From the perspective of business model and business logic, it is the easiest to realize. We are committed to creating a whole ecological system with large scale.”

WaykiChain is not All About Prediction

Decentralized prediction is not the core of WaykiChain, it’s the entry point we take to empower the business model through market expansion. Meanwhile, WaykiChain is also targeting at the application of decentralized assets trading and decentralized foreign exchange trading.

WaykiChain Public Chain, launched in May 2018.

A Chart of WaykiChain Compared with Big Public Chains
Through comparison with other renowned chains like Bitcoin, Ethereum etc, it’s easy to find out that WaykiChain’s transaction rate is currently 30 times faster than that of Ethereum. Another huge advantage over many other competitors is that WaykiChain opens sourced both the blockchain core software and supporting developer tools and SDK on Github since this May, empowering third parties to develop their applications in a developer-friendly manner.

WaykiChain Dapp, launched in May 2018.
WaykiChain DApp has been upgraded to V2.1 ever since, attracting over 130,000 users to download and bet. The latest product DApp V2.5 is planned to launch in November, which enables a new feature that everyone can be a bet builder. With the authoritative event data and services provided by WaykiChain DApp, user even without any technical or product background can build a bet in simply one-click. And at the end of the game, DApp will automatically call the smart contract to calculate the bet results and deliver payouts, without any manual participation.
Waykitimes Wallet, Beyond Times.
The new WaykiChain wallet, named as Waykitimes to be launched on November will retain the original wallet functions, such as Lock Revenue Sharing and node voting. The newly added “Forum” gathers the community of WaykiChain and blockchain together, will become an ecology of open communication. Meanwhile, it will have a “News” section to meet different users’ needs. In the future, Waykitimes will implement WaykiChain token economy to encourage the community members.
Worldwide Communities
WaykiChain is also expanding its overseas community. “Global or die.” Gao, WaykiChain CEO said, globalization is the development trend for blockchain technology, if a company is limited in one country or area, it won’t make long. Over 33,000 members in English-speaking telegram group, more than 10,000 in facebook and 3,000 in twitter, WaykiChainers all around the world are making WaykiChain a global community worth its name.
Reasons Why WaykiChain Aims to Vanish
“The day when WaykiChain Co. ‘disappears’ will mark a tremendous success.” said WaykiChain CEO Gordon Gao. “Disappear” brings a totally decentralized, community-driven autonomous blockchain ecosystem. We don’t mean to fail but to weaken the predominant role of WaykiChain in the entire ecosystem, and eventually transforming to be one of the contributors. Our vision is to build a decentralized, community self-governance big platform and big ecosystem, and we are moving toward it.”
WakiChain will continue to contribute to the development of blockchain as always.

Welcome feedback from the community, so please do get in touch. Want to dive in further? Follow WaykiChain on Twitter, Medium and LinkedIn.
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