Blockchain technology is a revolution for both computer science and global finance. Bitcoin got the ball rolling and today we have hundreds of cryptocurrencies and blockchain companies, all trying to get their piece of the new global finance world order. While many cryptocurrencies are getting into industries that are not fundamentally financial, some are still concerned with money, and the way we move money around.
Now that virtual currencies are starting to be accepted by individuals, populations, and world governments, we’re in a situation for the first time where a first world nation might have many currencies accepted by is major (and minor) retailers and service providers. In order to support an ecosystem of currency, a system will have to exist whereby currencies can be changed for one another in real time. But how?
Wanchain thinks they have the solution. This complex blockchain is setting out to be “the bank” of crypto – supplying liquidity for all major blockchains, and allowing anyone to make payment, for anything, using any currency they happen to have. This is a tall order and Wanchain is not alone in this ambition. But we think Wanchain might have what it takes to win the race on blockchain and financial system interoperability.
What is Wancoin Coin?
Wanchain Coin Isn’t Officially For Sale
Even though the Wanchain ICO ended months ago, Wanchain coin has never been added to an exchange for trading. “Wanchain Binance” is a very popular search term, because people expect to be able to buy Wanchain through the world’s biggest coin seller. What’s more, the Wanchain mainnet has also not yet been released. It’s still scheduled for Q1 2018, so it’s not late, but some Wanchain WAN owners are a little worried.
There is a Wanchain wallet, so people who were able to get in on the Wanchain ICO have some place to store their Wanchain coin. Everyone else has to wait. It’s expected that Wanchain coin will be added to Binance in the coming weeks. When this happens, it’s likely that the Wanchain price will spike, because anticipation is high for this coin, and numerous investors will jump on it as soon as it becomes available.
This puts new investors in an interesting position. Some investors are working out trades with people who own Wanchain from the Wanchain ICO, sending funds through other channels like Ethereum, Bitcoin, or even Paypal! If you’re lucky enough to get in on Wanchain this way, good for you! For everyone else, you’ll just have to wait to get in on this potentially revolutionary coin. We’ll do what we can to prepare you.
Downloading and Using the Wanchain Wallet
Are There Criticisms of the Wanchain Protocol?
For the most part, people are excited about the Wanchain network, and are looking forward to using the Wanchain mainnet soon. However, some have complained that because Wanchain requires businesses and blockchains to create their own technology with which to connect to Wanchain, that this will be a barrier to entry for adoption.
This could be the case. Competitor ICON has a wing that builds technology for new partners, so they can get into the network without having to build anything themselves. Could this be a problem for Wanchain? Perhaps, but the blockchain interoperability wars are just beginning. We think Wanchain has a good chance to take the crown in the long term.
How to Buy Wanchain Coin – Now and When it Becomes Available
For now, the only way you can buy Wanchain is from someone who already has it. Spend some time on the Wanchain Reddit, ask around Bitcointalk and other forums, and hope you find someone willing to sell to you for another currency, or cash.
For those willing to wait, Wanchain will eventually be added to an exchange, probably many. You’ll just use your debit/credit card or a wire transfer to pay for the Wanchain coins, they’ll trade on the exchanges, then they’ll send the Wanchain coins to your Wanchain wallet.
Alternately, you could buy Bitcoin using Coinbase, CEX.io, Changelly, or Coinmama, send this currency to your Binance account, and trade the Bitcoin there for Wanchain. Of course you’ll have to wait for this option.
Final Thoughts on Wanchain
It’s annoying for excited investors that they can’t buy Wanchain today, at least through conventional exchanges. Hopefully you’ll be able to wait for Wanchain to become available. If you buy early (or perhaps better yet, a few days after the initial hubbub dies down) and save your Wanchain coins for awhile, they could grow in value enormously. Give it a try and we’ll wish you the best of luck!