What is Walton Coin WaltonChain WTC Crypto
What is Walton and how to invest in WTC
Waltonchain (WTC) can be referred to as a Blockchain project which makes use of next-gen RFID technology in order to monitor items, thereby improving retail stock management, supply chain management, and also large data gathering. The aim of Walton is to create small and inexpensive RFID tags, which can be of use to tag certain items such as clothing for example. Every individual tag holds an easily read unique ID filled with information that is logged on the Blockchain. As items are tracked on the Blockchain, it enables companies to inexpensively and effectively enhance their supply chain management and also help to verify their items’ authenticity. It can also be employed by retails stores for inventory management, thanks to each item having its own unique identifier- this enables shops to rapidly scan and carry out verification of items in stock. It can also be used for analytics to improve products such as finding out the grab rate- which is the number of times an item has been looked at by a shopper.
Its name is taken from that of the inventor of the RFID (Radio Frequency Identification), Charles Walton, Waltonchain works by combining RFID technology with blockchain technology to transform the supply chain. RFID is a tag which is attached to objects to help track them. Patented by Charles Walton in 1983, the technology actualized is simple, small chips that make use of electromagnetic fields to describe a digital identity to a real-world object.
It is a Chinese project that was launched in November 2016, as a trustworthy, genuinely traceable business ecosystem coupled with total information pellucidity and boundless data sharing. Waltonchain aims to combine blockchain and RFID to deliver a totally decentralized supply chain. In Waltonchain, the RFID readers are thought to be nodes in the chain, and the RFID tags are basically the devices that can be connected to the chain. With this process, Waltonchain hopes to build on the Internet of Things (IoT) by making use of blockchain technology.
It also wants to lengthen the use of decentralized ledger technology past areas like its traditional use in record keeping, financial products etc. Using Waltonchain enables the tracking of a product right from its manufacture to the moment it gets to the customer, all while the data it carries being updated at each stage via the blockchain. This process will streamline the process of manufacturing and reduce the labor costs. Its simplicity enables it to have so many applications possible.
The token to be used on the network is referred to as Walton Coins. These Walton Coins can be bought using Ethereum via the network’s ICO. With so many potential applications thanks to its combination of the blockchain technology with software and hardware, Walton Coins are priced at $5.84 at the moment with a large market cap of $145,499,678.
How to purchase Walton Coins
Step 1: Register an Account on Coinbase to purchase Ethereum
Head to https://www.coinbase.com/ and click "Sign up" at the top right-hand corner of the page.
Enter in requested details
Tick the required boxes and then Click “Create Account”
Step 2: Verify the account
A verification link is sent via the email account provided.
Click the link in the email account provided in Step 1 and click “Verify Email Address”.
will then request a form of id verification such as a Passport, Photo Id or Driver’s license.
Step 3: Choose Payment Option
Choose payment method by connecting a bank account, credit/debit card to buy and sell cryptocurrency.
When the preferred method is entered there will be two charges incurred to the bank account, visible under “Pending Transactions”. You will be required to enter the last two digits of the charges, which are visible on the online banking statement. Click “Verify Charge Numbers”.
With the above steps, you are able to purchase ETH/BTC using fiat currency. The steps below instruct on how to create a Binance account to exchange the purchased ETH for WTC
This is a simple process that only requires a valid email address and a password.
Step 2: Activate your Account
Once the first step has been done, Binance will send an account activation email. It is imperative to note that Binance may require verification documents such as driving license, or passport.
Step 3: Log in to your Account
Head back to Binance website and log onto your account using the information provided in Step 1 Although not mandatory, setting up a 2-factor authentication to efficiently secure the account is recommended.
Step 4: Funding your Newly Activated Binance Account
On Binance, Walton Coins (WTC) tokens can only be purchased using Ethereum or Bitcoin as fiat currencies cannot be used. Locate the "Funds" link on the top menu bar, then the "Deposits" link on the sub-menu that appears from it.
Locate the specific wallet address required for Ethereum by entering "ETH" in the search box. Copy the deposit address and paste it into the outgoing address on Coinbase.
To be able to deposit your funds, you should first click on the Funds tab, located on the top navigation bar. The next step would be to click Deposit Withdrawals tab and from the list, it displays below, locates either the Bitcoin or Ethereum wallet, depending on which cryptocurrency was purchased on Coinbase
Step 5: Buying Walton (WTC) tokens
Once the above steps have been done correctly, you should be able to see your recently deposited Ethereum in your account. You are now able to use that Ethereum to purchase Walton Coins WTC.
The next step would be to Select the Exchange tab located in the top navigation bar and then click Basic also located on the same bar.
Located on the top right of the exchange, is the selling currency (ETH or BTC) selecting ETH (Ethereum) or BTC (Bitcoin), you search for the WTC/BTC or WTC/ETH pairing.
This, in turn, opens the trading window of the pair you wish to exchange. Locate the Buy/Sell section on the page to place your Buy order.
DISCLAIMER: Cryptocurrencies like Bitcoin and Ethereum are highly volatile and risky. We cannot give you advice about what to invest in or how much to invest. You should take the information we provide in our courses and blog posts, do your own additional research on specific cryptocurrencies, and plan to decide what kind of investments work for you. We highly recommend talking to a financial advisor to understand the level of risk that you are comfortable with.
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