Waltonchain
Crypto Overview
Project Overview
Waltonchain is a blockchain project that aims to combine blockchain technology with IoT (Internet of Things) through RFID (Radio-Frequency Identification) technology. The project was founded in 2017, and named after Charlie Walton, the inventor of RFID technology.
Intended Utility
The WTC token is designed to serve as the native currency of the Waltonchain ecosystem, intended for: governance rights, staking for network security, payment for network services, and incentivizing RFID data collection and verification.
Current Status and Development
Recent analysis reveals significant concerns about Waltonchain's current state. The project has shown minimal development activity since 2021, with their GitHub repositories showing little to no updates. Their social media channels and official communications have become sporadic and inconsistent.
Real World Adoption
While Waltonchain initially announced several partnerships and pilot programs, particularly in China, there is limited evidence of current real-world implementation or adoption of their technology. The token's trading volume has decreased significantly, and many of their previously announced partnerships appear to be inactive.
Token Distribution and Governance
Information about current token distribution is unclear, with limited transparency regarding founder and team holdings. The project's initial token distribution included significant allocations to the founding team and early investors, but current holdings are not well documented.
Crypto Impact
To assign a comfort level investing in Waltonchain from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Waltonchain.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.