In a crowded blockchain and cryptocurrency space, credit goes to projects that stand out with an innovative approach and clear solutions. Wanchain has demonstrated both of these, giving blockchain developers a reliable alternative.
In a previous post, we highlighted the feature and benefits of Wanchain (WAN), giving reasons why it would be a good long-term investment. Click here to read the article.
Apart from the inherent quality and features of the Wanchain network, the team has set out to court strategic partnerships and identify specific applications for Wanchain features. Success in these partnerships and use cases, expand the Wanchain ecosystem and predicts a bright future for it.
Introduced late in December 2017, Wanchain by no means enjoy the benefits of a pioneer status in the cryptocurrency sphere. To excel, it has to rely on superior technology and partnerships which will in turn guarantee a strong community of users. Wanchain currently enjoys support from big industry players and the Chinese government. This explains to some extent its successes so far. These partnerships help spreads word about the project and increase the confidence of investors.
Wanchain Partnership with Kybernetwork
Early this year, Wanchain partnered with Kybernetwork, an instant decentralized cryptocurrency exchange service. They partnered in areas of advising, exchange creation, and liquidity provision. This was strategic as it mutually improved the reputation of both parties. They also agreed to collaborate on the PeaceRelay Project, which will improve interaction between blockchains of ethereum forks.
Wanchain Partnership With Pundi X Labs
Wanchain CEO and his counterpart from Pundi X Labs made the most of the Consensus 2018 blockchain summit to broker a partnership between the two companies.
We are delighted to announce a partnership with @wanchain_org. @zibin had a productive meeting with Jack at #Consensus2018 this morning and showed him the new XPOS device. We look forward to announcing some details in the near future. pic.twitter.com/9C3eQLCaYc
— Pundi X Official Account (Pls do not send ETH) (@PundiXLabs) May 16, 2018
Pundi X Labs develop devices that allow users to transact cryptocurrencies including ethereum based tokens. Their devices enable blockchain developers and token holders to sell cryptocurrency and services at any physical store. This is another key partnership for Wanchain which offers its users a multi-currency digital wallet.
Wanchain Blockchain for Agriculture in China
Wanchain protocol was recently used in China as part of an effort to integrate blockchain technology to traditional agriculture. Blockchain can be used to track data, to monitor the efficiency of project management, to monitor supply chain and logistics as well as financial transactions. After winning its confidence, the Chinese government may consider extending this benefits beyond the Agriculture to other areas.
Wanchain (WAN) Price Watch
At the time of writing, the price of Wanchain (WAN) is $3.10 with a market capitalization of $328,617,333. It is still a long way out of the woods, having reached an all-time high of $9.74 in May. Despite the dip, which is a reflection of the current cryptocurrency downtrend analysts are very optimistic that it will regain its value and go on to enjoy a very successful future.
Price surges, fluctuation, and corrections are normal in cryptocurrency markets. However, the long-term success of a coin is determined by the project’s platform development, the extent of services, marketing, and partnerships. Wanchain tick this boxes well as it compares favorably with other top projects.