Here is the latest information about the currency #Waltonchain (WTC):
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💵 Price and Market Cap
• Current Price: Approximately $0.08 per WTC, with an increase of ~42% in the last 24 hours ().
• Market Cap: Approximately $2.44 million, with daily trading volume around $216,600 ().
• Circulating Supply: Around 29.2 million WTC out of 70 million ().
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🧱 What is Waltonchain?
• A blockchain network specialized in managing and tracking supply chains using Internet of Things (IoT) technology and RFID chips to monitor products from source to delivery ().
• It owns the main chain and supports the creation of sub-chains for each company or project to customize performance and cost ().
• Promoted as the Value Internet of Things (VIoT) concept, connecting the physical world to blockchain via smart devices ().
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⚙️ Technology and Consensus
• It employs a consensus mechanism called Proof-of-Contribution (PoC), a mix of PoW and PoS and Proof-of-Labor, linking security with profit distribution and performance incentives ().
• Dividends are available on Masternode contracts for those holding a certain balance of WTC, incentivizing the creation of token-driven sub-chains ().
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🧑💼 Team and Projects
• Founders: Xu Fangcheng (former official at major supply chains) and Do Sanghyuk (expert in Korean product standards) ().
• Partnerships include Chinese governments (such as Fujian and Jinhu) ().