Wanchain - The story of #NeverExchange... But wait!

mmucko (25)in #wanchain • 7 years ago

This is the story of Wanchain, Whenchain and Neverchain.

Wanchain crowdsale finished on 4th of October raising 36 Million dollars. The ICO was conducted with 0.1 min and 6.8 ETH max cap. The price per token was $0.34. One important fact to mention is that the price of Ethereum grew from $295 to current price around $700 at the time of writing this article.

Price Analysis

With the Ethereum price rise in mind, Wanchain could currently be at a perceived value at least $36Mil x 2,35x = $85Mil. With rumors of Wanchain trading privately at around 8x from the ICO price, it is almost a sure bet that Wanchain will trade above their current valuation when it hits the exchange. The hype encompassing the coin is really big and it would not be unexpected if buyers market bought at the time Wanchain gets listed on an exchange. This is clearly not a financial advice, since the hype around Wan could make it pump hard and drop hard too. So, in this case, it's most important to act wisely and understand what is happening, take a deep breath and not spend your money on panic selling or some other mistake. Wanchain is an excellent token, the utility is exceptional and important for the interoperability of blockchains, and will most likely be worth much in the next 2 years. However, until the price discovers where it feels the most stable there is no reason to get the fear of missing out feeling and just market buy the coin at whatever price you are offered.

Icon ICO correlation

Let us take a look at ICX for example, which is a partner of Wanchain in the Interoperability Alliance. The Alliance promotes the interconnectivity of different blockchain networks. Icon ICO finished on 20th of September and funded 42 Million dollars. Maximum personal cap was similar to the one in the WAN sale, at 7 ETH, while Icon total token supply is 400million tokens. Icon issued their token on 18th of December on Binance and started trading at the open and close price of 0.0019 and 0.0028ETH, respectively. Price per ICX at the token sale event equaled to 1ICX=0.1USD – 0.0004 ETH, which gets us to the price of exchange trading at around 5x from the Crowdsale ICO price. At the time of the listing, the hype for ICX token was medium. With that in mind, we can expect Wanchain to get to a price of at least 5x on the current valuation of the token, which gets us to the price of 0.006 ETH at the time of listing. Of course, this is pure speculation, and is not important for the long haul of the token.

Icon/Bitcoin 1D Chart

It is also important to take a look at Aion chart, a part of the Interoperability Alliance.

Aion/Bitcoin 1D Chart

#WhenChain

During the month of January, a lot of people got excited about Wanchain getting listed on an exchange due to the fact they have been launching their Mainnet on 18th of January.
The hope for Whenchain on exchanges got shattered with a Twitter post from Dustin Byington, President of Wanchain, where he explained to the public why they should not buy EtherDelta Tokens - Link

#Neverchain

Almost two months have passed after the mainnet release.
The story of NeverChain started in March when Dustin once again had the opportunity to address the public about exchange news not going trough as expected.
#Whenchain tweets 1/4 Link

#WheneverChain

With Wanchain roadmap in mind, I conclude with the idea that Wanchain is an excellent long-term hold. If you aim for the flip and care of the exact date of listing, I am not sure you are in the right mindset at this time. This coin really looks like the one that could be the winning one, and it is a shame to only consider it for a flip. If you are here for the long run, as Dustin mentioned in his elaboration of the Whenchain Link buckle up, we are probably heading up. #Wheneverchain

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