Why Investors Should Pay Attention to Walton Token
Every billion-dollar company there is has two main priorities: get more attention from customers, and get more data on the customers. The problem is that the online and offline world are currently very fragmented and there is no strong solution in existence to connect them.
This absence of full integration is what creates the opportunity for a blockchain company like Walton Chain to jump in and capitalize. The word “ecosystem” may be used far too often, but it is done so for good reason: connection is everything. The power of the Internet is in its ability to connect large swaths of people all over the world. It is only reasonable that if a company could create “a perfect commercial ecosystem” to connect the real world and blockchain, this would change the world all over again.
Walton Chain as the Next Evolution
Ever since the advent of futuristic TV shows like the Jetsons, we have been awaiting the time that smart object would enter our homes. These devices would be connected to the Internet and use sensors to gather data about their environment and use. Ideally, this could create a perfect feedback loop for companies to modify their goods to suit customers needs.
Based on the location, time, temperature, humidity and everything else that can be extrapolated from that data, it would be possible to greatly improve the safety and value of products. Supply chain management could turn into a bi-directional loop of adaptation.
Customers would benefit from a better product and more knowledge about the suppliers who make it. Suppliers would learn more about the consumers and what they want. Essentially, use of a commercial network for Internet of Things (IoT) devices would maximize consumer surplus.
Walton Chain refers to their business ecosystem as the Value Internet of things (VIoT), which will follow a 4-phase development plan as the infrastructure is rolled out.
Current State of Walton Chain
Right now, Walton Chain is going through a very strong period. They are close to implementing their solution in China, and have racked up a strong list of partnerships that include: Alibaba, Accenture, China Mobile IoT Alliance, China Telecom, Korean IoT Research Center, Mobius, Morpheus Network, Skynovo, with more coming soon.
Just in 2018, they have unveiled a new wallet (Android has been released and iOS should be released soon), as well as beginning their token swap. Most importantly, they have continued to invest in low cost RFID tech, and the price has come down to nearly $0.05 per chip. Earlier this year, it was announced they had applied for over 20 patents with more on the way.
Additionally, Walton Chain is going through scaling issues right now, which is why they are doing a token swap back to ERC-20 tokens while they make sure miners are committed to the mainnet. This caused a strong hiccup in pricing, but investors seem to be gaining confidence once again.
Performance of WTC
The token for Walton Chain, Walton Coin, is used to maintain the network and build child chains for each device. This is the root of the demand for the coin, and demand would only be expected to pick up as the network expands.
Walton Coin had a rocky start this year when there was a marketing gaffe regarding a token giveaway, but the market tends to forget these small things. Now the price is currently around $5.17. This is up 23.3% in the last week and 36.9% in the last 30 days, which indicates a massive amount of momentum.
This is an ambitious project, and much of the current success can be attributed to the hype around partnerships. However, with Walton Chain planning on opening its own unmanned retail store in the near future, as well as expanding into several different industries at once (smart cities, agriculture, energy, etc.) it seems like the market might see a positive long-term outcome for the company. Compared to the previously mentioned VeChain, Walton Chain is much closer to its goal, which is also a factor in recent price performance.
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