Wanchain

## What Is Wanchain (WAN)?

Wanchain is a distributed ledger that allows for cross-chain transactions and the interoperability of multiple chains. Although Wanchain facilitates transactions between blockchains, it is also a stand-alone blockchain that runs autonomously. The protocol acts as a [distributed ledger](https://coinmarketcap.com/alexandria/article/what-is-distributed-ledger-technology-dlt) that processes and maintains records of cross-chain transactions.

Transactions on Wanchain do not only occur between different public blockchains but between private chains as well. As an Ethereum ([ETH](https://coinmarketcap.com/currencies/ethereum/)) fork, Wanchain enjoys some of the properties of the Ethereum blockchain. The protocol securely and autonomously processes applications via smart contracts.  The use cases for Wanchain include decentralized exchanges ([DEXs](https://coinmarketcap.com/alexandria/glossary/decentralized-exchange-dex)), lending and borrowing platforms, stablecoins, crowdfunding, multi-currency payments and settlements.

The platform is totally decentralized and requires no custodian party to manage or confirm transactions. Unlike other cross-chain systems, Wanchain does not rely on a third-party platform to authenticate transactions. The locked account mechanism is used to secure and manage accounts on the network, eliminating third-party interferences.   


### Who Are the Founders of Wanchain?

Wanchain was founded by Jack Lu in 2017 and is headquartered in Beijing, China and Austin, Texas.

Jack Lu, the founder and CEO, is an entrepreneur and technical expert with an interest in blockchain. Before Wanchain, he was the co-founder and CTO at Factom in 2014. Lu has also founded Wanglutech, a blockchain protocol focused on data deposit certificates and digital assets.

Li Ni, the VP of operations, is a computer scientist with over 15 years of experience in the technology industry. He is also experienced in marketing, business development and sales. He has formerly worked at ZTE, SuperMap Software and Delta Electronics. 

Weijia Zhang, the VP of Engineering, is an engineer and R&D expert with experience in fields like software modeling, blockchain and cognitive sciences. He was the principal software engineer at DELL for several years. Zhang has over twenty pending and granted tech patents. 


#### What Makes Wanchain Unique?

Wanchain is trying to create a broader market for digital assets by establishing connections between various standalone chains. The platform has been able to develop a series of applications via smart contracts, security systems and its own coin (WAN).

Most cross-chain transactions are completed through third-party platforms. Wanchain’s uniqueness lies in its decentralization. The platform employs multi-party computing and threshold secret-sharing technology to manage accounts autonomously.

The platform has three major cross-chain functionalities. One of these functionalities is the registration module. It also possesses a cross-chain transaction data transmission module and a transaction status query module. The three components are involved from the start to the end of a connection. Similar projects to Wanchain include Ripple ([XRP](https://coinmarketcap.com/currencies/xrp/)) and ICON ([ICX](https://coinmarketcap.com/currencies/icon/)).


#### How Many Wanchain (WAN) Coins Are There in Circulation?

The native token of the platform, WAN, is used in payments and on-chain governance. The total amount of tokens sold during the initial coin offering ([ICO](https://coinmarketcap.com/alexandria/glossary/initial-coin-offering-ico)) was 107,100,000, worth about 120,000 ETH at the time. The maximum supply is 210,000,000 WAN, while the circulating supply is 169,028,581 WAN as of March 2021.

39% of the total supply of tokens has been allocated to the founders of the project, 51% to the investors, and 10% to airdrops and rewards. WAN is used for transactions both within the parent chain and across chains. 


### How Is Wanchain Network Secured?

WAN is a fork of Ethereum and uses proof-of-stake ([PoS](https://coinmarketcap.com/alexandria/glossary/proof-of-stake-pos)). Wainchain issued [ERC-20](https://coinmarketcap.com/alexandria/glossary/erc-20) WAN tokens to all ICO participants. When the mainnet launched in 2018, the ERC-20 token was adapted to Wanchain’s native chain.

The platform’s validation nodes are divided into Vouchers (verify cross-chain transactions), Storemen (manage locked accounts) and Validators (perform regular verifications). Nodes need to stake WAN before they can validate transactions on the network. The locked accounts are created through cryptographic encryption.


### Where Can You Wanchain (WAN)?

WAN tokens can be purchased on exchanges such as:



*   [Binance](https://coinmarketcap.com/exchanges/binance/)
*   [KuCoin](https://coinmarketcap.com/exchanges/kucoin/)
*   [Huobi Global](https://coinmarketcap.com/exchanges/huobi-global/) 

Validators can also earn WAN as a reward for validating transactions.

Read our [comprehensive guide](https://coinmarketcap.com/how-to-buy-bitcoin/) to learn more about buying Bitcoin ([BTC](https://coinmarketcap.com/currencies/bitcoin/)) and other cryptocurrencies.

The world’s premier decentralised blockchain interoperability solution. Wanchain’s cross-chain infrastructure empowers developers to build the future of Web3.

ZooKeeper

Apps use ICON to operate cross-chain seamlessly, build momentum and gain reputation. ICON's Cross-Chain Framework simplifies cross-chain development with its easy-to-use xCall messaging standard and connections to secure bridging protocols.

ICON

Ontology is a project designed to bring trust, privacy, and security to Web3 through decentralized identity and data solutions. It is building the infrastructure to provide trusted access to Web3, allowing individuals and enterprises to rest assured that through regulatory compliant digital identity solutions, users and their privacy come first.

The Ontology blockchain is a high speed, low cost public blockchain. It is designed to bring decentralized identity and data solutions to Web3, with the goal of increasing privacy, transparency, and trust. To achieve this, users and enterprises are provided with the flexibility to build blockchain-based solutions that suit their needs, while also ensuring regulatory compliance. Through Ontology’s Ethereum Virtual Machine (EVM), Ontology ensures frictionless compatibility with Ethereum, the first step in the creation of the Ontology Multi-Virtual Machine and further interoperability for the chain.

At its launch, Ontology chose to forego the popular initial coin offering (ICO) model in favor of a series of community distributions and airdrops of its ONT cryptocurrency.

This helped to quickly establish both organic price discovery and a passionate community and helped the project to avoid subsequent regulatory scrutiny.

For example, for a brief period any person who signed up for the Ontology newsletter received an airdrop of free 1,000 ONT, which reached a value of $10 per token soon after the token became listed on major exchanges like Binance.

Ontology launched its own MainNet on June 30, 2018 and has been up and running smoothly since.

Ontology

Komodo

Viction

xMoney (formerly known as Utrust) was designed to provide a solution to the problems resulting in low usability of cryptocurrency as means of payment, particularly the underdeveloped transactional security of payment platforms and relatively high fees.

The main goal of the platform is to build a system that will enable fast and seamless crypto transactions at lower fees, therefore allowing merchants to reach a large audience of crypto holders.

The platform allows buyers to make secure purchases while also offering an option for refunds and protecting sellers from the high volatility of the crypto market.

The main goal of the platform is to build a system that will enable fast and seamless crypto and fiat transactions at lower fees, therefore allowing merchants to reach a large audience of crypto holders.

The platform allows buyers to make secure purchases while also offering an option for refunds and protecting sellers from the high volatility of the crypto market.

xMoney also aims to create a more reliable payments platform by combining the best features of blockchain and traditional fiat systems.

By leveraging cutting-edge technology and a strategic partnership with MultiversX, xMoney empowers individuals and businesses to optimize their payment processes, drive growth, and deliver exceptional experiences to their customers. With its commitment to innovation and excellence, xMoney continues to lead the way in transforming the financial industry.

xMoney (UTK) native token and its tokenomics UTK 3.0 primary purpose is to drive desired behaviors, such as accepting crypto and fiat for businesses and facilitating payments with the same for users. This encourages more companies to join the ecosystem, creating a flywheel effect that benefits buyers, users, investors, token holders, and businesses. The adoption of decentralized financial tools and currencies is further fostered through this collaborative approach.

xMoney

Band Protocol is a cross-chain data oracle platform that is able to take real-world data and supply it to on-chain applications, while also connecting APIs to smart-contracts to facilitate the exchange of information between on-chain and off-chain data sources.

By supplying reputable, verifiable real-world data to blockchains, Band Protocol unlocks a range of new use cases for developers to explore — since they can now use any type of real-world data as part of their decentralized application (DApp) logic, including sports, weather, random numbers, price feed data and more.

Band Protocol initially launched as an ERC-20 project on the Ethereum blockchain in September 2019, but transitioned to the Cosmos network in June 2020 with the release of Band Protocol 2.0. The new protocol is built on BandChain using the Cosmos SDK. Oracle nodes on BandChain not only relay data but are also involved in block production/validation, giving them a dual role.

BAND is the native token of the Band Protocol ecosystem and is used as collateral by validators involved in fulfilling data requests, as well as the main medium of exchange on BandChain — being used to paying for private data.

Band Protocol

Ardor

Cartesi is an app-specific rollup protocol with a virtual machine that runs Linux distributions, creating a richer and broader design space for DApp developers.

Cartesi Rollups offer a modular scaling solution, deployable as L2, L3, or sovereign rollups, while maintaining strong base layer security guarantees.

Cartesi

Aergo describes itself as an open-source enterprise blockchain platform optimized for hybrid deployments, which consist of both permissioned and permissionless blockchain architectures. It includes support for SQL allowing for easy data handling and familiar smart contract programming for developers.

The platform is built and utilized by Blocko, the Samsung-backed South Korean blockchain technology company that, according to Korean media sources, has deployed production blockchain solutions for large-scale clients including Lotte Card, Shinhan Bank, Korea Exchange, Hyundai Motors, and more.

Aergo

Ren (REN) is an open protocol built to provide interoperability and liquidity between different blockchain platforms.

To learn more about this project, check out our deep dive of Ren.

Formerly known as Republic Protocol, Ren launched RenVM, its virtual machine mainnet, in May 2020, having completed a $34 million initial coin offering (ICO) in 2018.

The protocol’s native token, REN, functions as a bond for those running nodes which power RenVM, known as Darknodes.

Ren aims to expand the interoperability, and hence accessibility, of decentralized finance (DeFi) by removing hurdles involved in liquidity between blockchains.

Reef is a Reliable Extensible Efficient Fast Layer-1 Blockchain for DeFi, NFT & Gaming. Built using Substrate Framework, it provides high scalability, enabling almost instant low-cost transactions, and supports Solidity and EVM, allowing developers to seamlessly migrate their DApps from Ethereum without any change in the codebase.

Reef Chain is the most advanced EVM-compatible blockchain. It's self-upgradable and has on-chain governance. Its infrastructure also allows for EVM extensions which allows for native token bridge, scheduled calls (ie. recurring payments), and smart contract in-place code upgrades. In the near future, it will support additional VMs which will allow developers to write code in multiple programming languages. The network runs on a Nominated Proof-of-Stake (NPoS) consensus mechanism, which offers scalability and low fees.

REEF is the native token that is used for:

Fees for processing transactions and storing data.

Running validator nodes by staking REEF tokens.

Nominating which validator nodes should be part of the network.

Reef is backed by multiple leading funds and venture capitalists including NGC, QCP, Bitcoin.com, Kenetic Capital, LD Capital, TRG Capital, Krypital Group, Genesis Block, Woodstock Fund and others.

Reef Chain development tools include:

Remix and EVM integrated development environments for uploading and deploying smart contracts.

Reefscan blockchain explorer to assist with deploying validators, bonding and nominating validators, debugging contracts, and understanding network performance.

Reef command line tools that allow developers deploy applications from local environments.

Reef wallet for accessing and interacting with the blockchain

Reef

Celer is a blockchain interoperability
protocol enabling a one-click user experience accessing tokens, DeFi, GameFi, NFTs, governance, and more across multiple chains. Developers can build inter-chain-native Dapps using the Celer Inter-chain Messaging Framework to gain access to efficient liquidity utilization, coherent application logic, and shared states. Users of Celer-enabled dApps will enjoy the benefits of a diverse multi-blockchain ecosystem with the simplicity of a single-transaction UX, all from a single chain.

Celer Network

Kava Lend is a decentralized money market built on the Kava Platform that enables the lending and borrowing of cross-chain assets. Kava Lend supports supply-side deposits for BTC, XRP, BNB, BUSD, and USDX. The platform will allow overcollateralized borrowing for supported assets.

Kava Lend

Bluzelle is a decentralized storage network for the creator economy.

Bluzelle delivers high security, un-matched availability, and is censorship resistant. Whether you are an artist, musician, scientist, publisher, or developer, Bluzelle protects the intellectual property of all creators. Bluzelle is data storage, file storage, oracles, and more. Its is specific for NFTs and DeFi.

Bluzelle’s core products are all related to data and powered by its Tendermint Blockchain:

Bluzelle DB - a decentralized database for software developers to store information

Bluzelle Oracles - a truly decentralized pricing oracle that provides high speed and high security for Defi applications

Bluzelle Staking - where BLZ holders can currently stake their tokens and earn rewards for providing storage and pricing data.

Bluzelle

FIO Protocol

IRISnet is a service protocol and cryptocurrency, which was officially launched on Mar. 1, 2019. The primary purpose of the IRISnet protocol is to provide a blockchain-based, open network to small and medium businesses that are offering a wide variety of services.

According to the official IRISnet Whitepaper, the protocol aims to employ different public and consortium blockchains to bring the power of decentralized, open networks to thousands of businesses and freelance service providers. Interestingly, IRISnet was named after Iris, the personification of the rainbow and the messenger of the Gods in Greek mythology.

IRISnet

Origin Protocol develops web3 technologies with the intention of bringing non-fungible tokens (NFTs) and decentralized finance (DeFi) to the masses. The protocol’s unique tooling and diverse partnerships help in realizing these goals. Origin Protocol has two flagship products: Origin Story (governed by OGN), and Origin Dollar (governed by OGV).

Origin Story is a white label NFT marketplace solution that works with disrupters in various sectors by leveraging non-fungible tokens. The platform hosts NFT marketplaces and tooling in various industries, including the real estate, profile picture, music, art and entertainment industries.

Some of Origin Story’s partners include Roofstock onChain, Pudgy Penguins, Sappy Seals, Paris Hilton, 3LAU, BT, Inspiration4, and The Doge Pound. Origin Story Marketplaces seek to cast a wide net in various industries being impacted by NFTs, rather than focusing on any one area in particular. Investors may see OGN as the ‘picks and shovels’ approach to investing in NFTs.

Origin Protocol

QuarkChain

DIA (Decentralised Information Asset) is an open-source oracle platform that enables market actors to source, supply and share trustable data. DIA aims to be an ecosystem for open financial data in a financial smart contract ecosystem, to bring together data analysts, data providers and data users. In general, DIA provides a reliable and verifiable bridge between off-chain data from various sources and on-chain smart contracts that can be used to build a variety of financial DApps.

DIA is the governance token of the platform. It is currently based on ERC-20Ethereum protocol.

The project was founded in 2018, while the token supply was made available to the public during the bonding curve sale from Aug. 3 through Aug. 17, 2020, where 10.2 million tokens were sold.

Bancor is an ecosystem of decentralized, open-source protocols that promote on-chain trading and liquidity.

Its main protocol, Carbon, is a decentralized trading protocol allowing users to perform automated trading strategies using custom on-chain limit orders and range orders, with the option of combining orders together to create automated buy low, sell high strategies.

By design, Carbon orders are irreversible on execution, easily adjustable directly on-chain, and resistant to MEV sandwich attacks. These capabilities give users an unprecedented level of control and automation to perform novel trading strategies on-chain.

Fast Lane, a separate open-source arbitrage protocol, allows any user to perform arbitrage between Bancor ecosystem protocols and external on-chain exchanges and redirect arbitrage profits back to the Bancor ecosystem.

All Bancor ecosystem protocols are governed by the BancorDAO via staked BNT.