Wanchain (WAN) Will Be Listed On Atomars

What Is Wanchain (WAN)?

History Of Wanchain

Wancoin’s Crypto Market Performance

On October 4, 2017, the Wanchain ICO was completed with over 107.1 million tokens sold and about 120,000 ETH raised. The token sale represents 51% of the total supply, with 60% of the ecosystem fund going towards research and development and 10% of each towards community development, daily operations, and marketing infrastructure.

In January 2018, the Wanchain Mainnet was launched and in June, Wanchain 2.0 was launched. Wanchain 3.0 went live in December 2018. Before 2018, WAN were found on the Ethereum blockchain as ERC-20 tokens, but now WAN is its own cryptocurrency coin.

Wanchain uses a modified Proof of Stake (PoS) consensus algorithm, as well as verification nodes to maintain the overall network, though transaction fees paid to the network are split.

Vouchers — Security deposits for cross-chain transactions are held by vouchers in exchange for providing proof of the original account and Wanchain account. For example, if you deposit BTC, you will get WAN at the exchange rate, with the voucher storing your BTC and WAN addresses to record the transaction.

Validators — When these record transactional data to Wanchain’s digital ledger, they earn a part of the transaction fee.

Storemen — The Storemen hold a WAN balance and must be online with a minimum threshold of WAN to verify transactions. If the minimum threshold is not met, they can still be an online node, but not a verification node.

The Wanchain Foundation And WANLab

WANlab’s accelerator program is currently developing projects such as UTour, a travel booking platform based on blockchain, GameBank, a gaming platform also based on blockchain, and CryptoCurve, a multi-coin tracking wallet.

Partnerships

Wanchain (WAN) Will Be Listed On Atomars

About Atomars

Fast and Secure Digital Assets Exchange Platform https://atomars.com

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store