1. What is Waltonchain (WTC)? ๐
Waltonchain is a blockchain platform designed to automatically and immutably integrate RFID (Radio Frequency Identification) data into the supply chain. This means that every product with an RFID tag can be tracked, verified, and follow its digital footprint throughout its life cycle.
---
2. WTC Token and Its Functions
The WTC token plays a crucial role as:
Payment of transaction fees on the main network (parent chain)
Creation of custom sub-chains for specific business scenarios
Staking on nodes through the PoS & Trust consensus system (PoST), providing opportunities for passive income
Operational support in internal DEX as well as governance and voting needs
---
3. The Team and Technology Behind It
The Waltonchain team consists of blockchain, IoT, and supply chain experts from Korea and China. For instance, one of its co-founders is a former Director of the Korea Standard Products Association and Supply Chain Director of Septwolves Group, as well as a former VP at Samsung serving as Chief Scientist Advisor.
This technology implements a โparent-child chainโ model where sub-chains allow scalability and flexibility for various applications without overloading the main network.
---
4. Cases and Ecosystem Potential
Some examples of real-world usage include:
Detection of counterfeit products through RFID tracking
Supply chain tracking such as in the fashion or pharmaceutical industry
Government collaboration in China for smart city and blockchain-based logistics
With increasingly cheaper RFID hardware (around $0.1 per unit), the opportunities for adoption are growing.
---
5. Current Price & Market Capitalization
The current price of WTC is $0.003614 (as recorded on June 15, 2025) with a market capitalization of approximately $321,551 and a circulating supply of about ยฑ 89 billion tokens.
---
6. Strengths and Challenges
Advantages
Unique & real technology: a combination of blockchain and RFID
Advanced technical structure with the sub-chain concept
Experienced team and several industry connections