I've gone into more detail in another post.
In summary: poorly designed website, copy and paste mistakes in the white paper, unable verify the team, cannot verify their claims about contracts and Chinese government support, no evidence of work/productivity (github), controlling too many coins, fake news stories, unconvincing "team" photos and videos (the CEO comes across as a budget actor struggling to read a cue card - you can see the shadow of the cue card), hired a privacy service (associated with numerous scams) to hide the domain registration details, aggressive shills that boot people from Slack & Reddit for asking reasonable questions, pressure tactics (buy more for a master node before it's too late [or we do a runner]), obviously paid shills on twitter and Reddit (hype comments with little substance) etc.
Nothing about it feels right.
I've probably spent far too much time talking about these things.
I strongly suspect that Walton Chain is a scam.
At best, as you say, a very amateurish team and, in my opinion, recklessly hyping and overpromising.
Would a team of experienced individuals, including a form VP of Samsung, be this amatuer?
Either way, I'd be very surprised if a product materialises.
$180,000,000 market cap with no product, no tangible evidence of work and many unsubstantiated claims.
The shills are hyping and talking about a market cap of $1billion this year.
I feel I have a duty to express my concern.
Thank you for this explanation. It's easy to get caught in the hype and fomo, plus a lot of stories just get repeated over and over again (including by me, I'm afraid) without checking the source. I sold half of my stash so I have my money back and a nice profit, invested it into Sonm. If the WTC team does deliver, I'll make a very nice profit, if they don't and it turns out to be a scam, I don't lose anything.