[WARNING] Walton Chain (WTC) is a SCAM

[bamoqi]

I can read chinese and has connections in JinJiang. Here is what I've found:

The JinJiang competition is real. Jin Xiji is a real person and his project "JinJiang Silicon" did get selected in the second class (I don't know what it means). Source here: http://www.sohu.com/a/192263128_740675 . It is in row number 6.

However, the JinJiang competition is just a competition funded by a local city, and there are many projects get selected. It is not a very big deal.

My opinion: WaltonChain seems overhyped, and there are a lot of shills around. They have some tech, and they have some local business partners (which may or may not be a real deal), and they got some honour in some local competition. But they are really just a local business adventure that tries to attach blockchain to their RFID technology in order to ride the ICO hype, just like most chinese ICOs are. I still don't understand why we need to use blockchain for RFID in the majority of the use cases, but it could just be my own limitation of understanding.

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[phanhongphuctg]

Why walton is SCAM and the price is 0.00147089 BTC now?
https://coinmarketcap.com/currencies/walton/

[PPleaseman]

its a bit strange that a lot of newbies are shilling this coin. I dont find a lot about waltonchain besides on reddit or their website. Could be because of china, could have different reasons.
anyway I  stay alert, its rather suspicious (my best prince oberyn impression)

cheers

[szesch]

No matter what you say, there will be a kid saying that you shill this coin.
I never bought WTC and I probably won't in the near future, because I never do risky investments. If this coin is still there in 2 years, we can talk about this again.
I only said that the author is a troll, which should be obvious to everybody.
I lived in China for many years and I'm still quite fluent in Chinese. I have many Chinese friends and I still follow media. WTC gets a lot of attention there.
When I see ignorant people who say there is no information about a certain topic, only because they live in their small little world, always reading the same media, it makes me angry and amused at the same time.
Also it's just poor to judge an account only by its number of comments.

[Keihatsu]

Here's a theory:

[blokHed]

I'll give you my quick take on it re. tying in RFID and BlockChain... IMO... RFID has fastested transaction of simple data set for given product attached to, BlockChain, the most efficient monetary system within, the process for businesses, instantanious. Eliminating couterfeits. From Manufacturer, through to courier, to store, to audit etc..., a most efficient model that can be scaled and most profitable, eficient throuput for businesses. Full stop. IMO...
EDIT.. From here, about getting the blockchain to the masses, and seems future true products are being given leighway (sp) from Govs currently.

[Ging]

really thanks man

[Anayo]

Whether it is shitcoin or not, it has given me over 500%

[invest2lose]

i rode the pumps, but now i'm out. not sure if this one legit or not, but rather take my chances elsewhere. oh well, if i lose out on more pumps, made enough so i'm happy.

[Peter1984]

LOL, OP is obviously a comedian troll who is clearly aware that all of his comments are nonsense. He doesn't even make an effort to form good arguments.

In fact, carefully reading this thread clears all doubts that WTC is a serious project. Lots of great references that I hadn't seen before. So, OP in fact has done WTC a great service by creating this very informative thread.

Notice how OP has completely ignored this comment: https://bitcointalk.org/index.php?topic=2214505.msg22365584#msg22365584 which eliminates all doubts 100%.

Again, here is the link to a scientific paper which SuKi Kim has co-authored (with a photo of him at the end), it's clearly the same guy.

See all of his scientific papers here: http://www.dbpia.co.kr/Author/AuthorInfo?arcId=&ancId=1035431

Fake News!  

[jono_t2000]

LOL, OP is obviously a comedian troll who is clearly aware that all of his comments are nonsense. He doesn't even make an effort to form good arguments.

In fact, carefully reading this thread clears all doubts that WTC is a serious project. Lots of great references that I hadn't seen before. So, OP in fact has done WTC a great service by creating this very informative thread.

Notice how OP has completely ignored this comment: https://bitcointalk.org/index.php?topic=2214505.msg22365584#msg22365584 which eliminates all doubts 100%.

Again, here is the link to a scientific paper which SuKi Kim has co-authored (with a photo of him at the end), it's clearly the same guy.

See all of his scientific papers here: http://www.dbpia.co.kr/Author/AuthorInfo?arcId=&ancId=1035431

Fake News!  

Haha i know right! I guess he reckons Korea University were in on the scam and agreed to create an email address for him as part of the ruse.

The Original Poster of this thread is really living in a fantasy world.. the fact that he goes on and on and on about WTC is bordering on obsessive (does he not have anything else to do with his time?)

In fact, the amount of time and devotion he spends trying to run WTC down makes me think HE is the one who is running a scam.

[jono_t2000]

LOL, OP is obviously a comedian troll who is clearly aware that all of his comments are nonsense. He doesn't even make an effort to form good arguments.

In fact, carefully reading this thread clears all doubts that WTC is a serious project. Lots of great references that I hadn't seen before. So, OP in fact has done WTC a great service by creating this very informative thread.

Notice how OP has completely ignored this comment: https://bitcointalk.org/index.php?topic=2214505.msg22365584#msg22365584 which eliminates all doubts 100%.

Again, here is the link to a scientific paper which SuKi Kim has co-authored (with a photo of him at the end), it's clearly the same guy.

See all of his scientific papers here: http://www.dbpia.co.kr/Author/AuthorInfo?arcId=&ancId=1035431

Fake News!  

Haha i know right! I guess he reckons Korea University were in on the scam and agreed to create an email address for him as part of the ruse.

The Original Poster of this thread is really living in a fantasy world.. the fact that he goes on and on and on about WTC is bordering on obsessive (does he not have anything else to do with his time?)

In fact, the amount of time and devotion he spends trying to run WTC down makes me think HE is the one who is running a scam.

I have just gone through the Original Posters's posts on here and literally 99% of them include the word scam at some point in the post. He has no credibility, think this dude has probably been scammed at some point and now have some deeper personal issues than just WTC

[Peter1984]

I'm pretty sure OP doesn't actually believe his nonsense. Perhaps he just enjoys messing with people and clowning around. Well, he's helped me get good info.

Here's more:

At the bottom here is a photo of Kim with his Chinese name Jin Xiji (金锡基): http://www.xmsilicon.com (Asian names are usually translated: https://i.imgur.com/Uq2kvIR.png )

Here is one of his patents: https://encrypted.google.com/patents/CN1025094C?cl=no

Here he is wearing a Walton shirt: http://tech.china.com/article/20170712/2017071239958.html

Also nice:

http://english.china.com/about/

About China.com

Launched in May, 1999, China.com is one of the earliest Web portals in China. After 18 years of growth and development, China.com has evolved into the most profitable online platform for businesses in China. Being one of the country's most influential online media outlets, China.com boasts at least 10 million regular readers. Among them, 82 percent are well-educated, mature males with high-end jobs and high incomes.

Yeah, right, Fake News!  

I have just gone through the Original Posters's posts on here and literally 99% of them include the word scam at some point in the post. He has no credibility, think this dude has probably been scammed at some point and now have some deeper personal issues than just WTC

He's clearly a poor researcher:

I'm a fan of Zcoin. Much better privacy that Monero and a good, innovative road map.
Very undervalued.

[Keihatsu]

I know I am close the mark, hence, your response 

Keihatsu has yet to be scammed.

And, yes, I like Zcoin.

I just googled "bitcoin seoul" AND "scam". The man has a history.

Domain privacy service useful, considering.

[edrek]

Without any shadow of a doubt, WTC is a scam.

Get out while you can!

There is no reliable record of the team i.e. linking them and their experience to the project.
Try and find evidence linking the supposed former VP of Samsung to Samsung and the project.

This forum and Reddit is full of very blatant WTC shills. The comments on Reddit are beyond belief.

Listed on only one exchange, with a relatively small number of tokens (compared to similar projects) the price looks like it is being manipulated.

They are pretending to win a competition that does not exist. The "Jinjiang Competition" - there is no reliable source for this whatsoever. This is an unverified/fake news http://www.kinews.net/news/articleView.html?idxno=110897
Seriously, they have just won a major competition - logos stuck on t-shirts, with a dodgy banner outside a sports centre. I've been to plenty of award ceremonies and competition results, this is a joke.

The website is poorly developed. If these people are serious/investable why can't they design a website or t-shirts. And it's called Walton coin. Serious business people would be much, much slicker than this.

I suspect a lot of effort has gone into making this appear credible but it isn't. Some people have seen big returns this week and are talking about market cap increase to $1billion+ and are dismissing my point of view with comments like "ah, well, things are lost in translation. they all have similar names and everyone is VP at Samsung. Western news would not cover the competition" etc.

You have been warned!

My only interest is for good people not to lose money.

For the record, my investments are: Waves, Wagerr, Zcoin, District0X, ARK and Monero.

I have no conflicts of interest and nothing to gain from this post.

Jin Xiji (chinese name) / Kim Suk-Ki (korean name), the chief scientist for WaltonChain:
Patents: https://www.google.sr/search?tbo=p&tbm=pts&hl=en&q=ininventor:%22%E9%87%91%E9%94%A1%E5%9F%BA%22&gws_rd=ssl
Mentioned in ETRI journal: https://i.imgur.com/Uq2kvIR.png : http://[Suspicious link removed]/ZRbuHY
More confirmation of his credentials through visionkorea: http://www.visionkorea.com/will/pol/inmuldetailinfo.asp?checkpost=checkpost2015&mfldname=will&prm1name=id&prm1value=13728&prm2name=&prm2value=&jcd=2013&cid=915&partcid=&menuno=3&submenuno=4&page=&memcheck=1234567vs&PHONE_NUMBER=&apgugun=&aprange=&tablename=%C1%A4%C4%A1%C0%CE%B9%B0%C1%A4%BA%B81#가족관계
Here, he is the Chief Scientist for Silicon Group (who won the Jin Jiang competition), and who sponsors Walton Chain: http://www.xmsilicon.com
Looking around on that site, it looks like they pretty much ARE WaltonChain. Mo Bing and Chen Zhangrong are also directors there: http://www.xmsilicon.com/col.jsp?id=130
On this page, the picture of the office looks to be the same one in the WaltonChain tour video, which further substantiates WaltonChain's link to Silicon Group: http://www.xmsilicon.com/col.jsp?id=104
Or how about Chen Zhangrong, who you're labeling "budget actor"? An article on him when he was (or still is) president of Tianyu International Group, Co. Ltd.: http://news.china-ef.com/471356.html
There are also countless news articles about the Walton team & their partnerships:
https://kknews.cc/tech/z3r55ep.html
Here is one about their cooperation with Septwolves: http://tech.china.com/article/20170824/2017082452565.html
http://www.jcjcs.com/news/2017122.html
http://blog.sina.cn/dpool/blog/s/blog_1762e50170102xb44.html?type=-1
http://tech.china.com/article/20170826/2017082652997.html?qq-pf-to=pcqq.c2c
http://tech.china.com/article/20170823/2017082352011.html
http://district.ce.cn/newarea/qyzx/201706/19/t20170619_23708580.shtml
and there's likely much more that I missed over.
Mate, their credentials are definitely legitimate.

Thanks to user areesseye on Reddit!

https://www.reddit.com/r/waltonchain/comments/73rfho/just_went_to_bitcointalk_to_see_what_the_thoughts/

[fetka88]

Not having Slack is a good thing though, too many fake accounts phishing for ether wallets on there.

)

agree, slack is far more scammy than WALTON itself. Telegram to the mooon

[kakusnice]

Statement

Banning ICOs is to prohibit future ICOs to be carried out in South Korea, the currently existing and completed ICO projects in South Korea will not be affected. The meaning of the news articles is to punish or convict individuals and groups using the tool of initial offering of crypt to currencies to be used in unlawful activities. On the other hand, this regulation on banning ICOs is good news to WTC, to rid of the fake and leaving the strong and the good, to refine high quality and even global block chain projects. The block chain industry / communities require such self-discipline and supervision, for the promotion of a healthier development of the block chain industry.
As for WTC, we are clearly done with our ICO process and already being traded on an exchange right now. This regulation would not impact us, and from another angle, the industry will certainly benefit from this regulation. WTC Korea will continue to accelerate our pace and efforts here and also the global market.
(Walton chain Technology Co.,Ltd)

2017/9/29

[thepo1m]

Statement

Banning ICOs is to prohibit future ICOs to be carried out in South Korea, the currently existing and completed ICO projects in South Korea will not be affected. The meaning of the news articles is to punish or convict individuals and groups using the tool of initial offering of crypt to currencies to be used in unlawful activities. On the other hand, this regulation on banning ICOs is good news to WTC, to rid of the fake and leaving the strong and the good, to refine high quality and even global block chain projects. The block chain industry / communities require such self-discipline and supervision, for the promotion of a healthier development of the block chain industry.
As for WTC, we are clearly done with our ICO process and already being traded on an exchange right now. This regulation would not impact us, and from another angle, the industry will certainly benefit from this regulation. WTC Korea will continue to accelerate our pace and efforts here and also the global market.
(Walton chain Technology Co.,Ltd)

2017/9/29

I have been looking for ways how these affect the ICO projects that have already completed their token sale, so project like  Walton and Boscoin will not be affected, I think

[deadestfish]

I see Waltonchain have added an English section to their website. Useful quote:

The logic of Waltonchain appreciation

1      Any child needs to use Waltonchain to create money, with Walton ecosystem continues to grow, there will be more and more businesses to join Walton's ecological system, businesses need to consume a large amount of money for Walton to create a variety of sub chain, Walton on currency demand rising.

I mean, ANY CHILD NEEDS TO USE WALTONCHAIN TO CREATE MONEY. This should clear up any doubt. How could anyone fud this wonderful project?

ANY CHILD NEEDS TO USE WALTONCHAIN TO CREATE MONEY!

[Keihatsu]

I have spoken to Fujian Septwolves Industry Co Ltd  +86 59 2537 7777

They are unaware of Walton Chain (WTC). As a company listed on the Shenzhen Stock Exchange, they have a legal obligation to disclose any partnership that would have a material impact on the business. The company does not know who Xu Fang is (according to Walton Chain he is the project sponsor and "seven wolves company supply chain management director"). Xu Fang is certainly not listed in any company filings going back several years:
http://quicktake.morningstar.com/stocknet/secdocuments.aspx?symbol=002029&country=chn
https://www.bloomberg.com/research/stocks/private/people.asp?privcapId=12763522

I have emailed Jin Xiji (SuKi Kim) "former VP of Samsung" about his involvement in the project, I have yet to receive a response.

I have contacted Korea Universtiy to check the SuKi Kim is a Professor Emirates there and that I have the correct contact details.

It is very difficult to find public profiles for most of the team. I have tracked down a Zhu Yanping, who is Taiwanese and has a PhD in engineering, he is not aware of Walton Chain.

Qiu Jun "angel investor" and the "Shenzhen Hong Tao Fund" does not exist, neither does the "Calton Dayton Clothing Co".



So, as the previous poster stated, this should not be viewed as anything other than shit coin for pump and dump.

I find it hard to believe people would invest in project like Watlon Chain based purely on face value and what they say. There are more holes than swiss cheese.