Post
Topic
Board Announcements (Altcoins)
Re: [ANN] WaltonChain WTC
by
edrek
on 02/10/2017, 09:18:13 UTC
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.

Quote
Jin Xiji (chinese name) / Kim Suk-Ki (korean name), the chief scientist for WaltonChain:
Patents: https://www.google.sr/search?tbo=p&tbm=pts&hl=en&q=ininventor:%22%E9%87%91%E9%94%A1%E5%9F%BA%22&gws_rd=ssl
Mentioned in ETRI journal: https://i.imgur.com/Uq2kvIR.png : http://[Suspicious link removed]/ZRbuHY
More confirmation of his credentials through visionkorea: http://www.visionkorea.com/will/pol/inmuldetailinfo.asp?checkpost=checkpost2015&mfldname=will&prm1name=id&prm1value=13728&prm2name=&prm2value=&jcd=2013&cid=915&partcid=&menuno=3&submenuno=4&page=&memcheck=1234567vs&PHONE_NUMBER=&apgugun=&aprange=&tablename=%C1%A4%C4%A1%C0%CE%B9%B0%C1%A4%BA%B81#가족관계
Here, he is the Chief Scientist for Silicon Group (who won the Jin Jiang competition), and who sponsors Walton Chain: http://www.xmsilicon.com
Looking around on that site, it looks like they pretty much ARE WaltonChain. Mo Bing and Chen Zhangrong are also directors there: http://www.xmsilicon.com/col.jsp?id=130
On this page, the picture of the office looks to be the same one in the WaltonChain tour video, which further substantiates WaltonChain's link to Silicon Group: http://www.xmsilicon.com/col.jsp?id=104
Or how about Chen Zhangrong, who you're labeling "budget actor"? An article on him when he was (or still is) president of Tianyu International Group, Co. Ltd.: http://news.china-ef.com/471356.html
There are also countless news articles about the Walton team & their partnerships:
https://kknews.cc/tech/z3r55ep.html
Here is one about their cooperation with Septwolves: http://tech.china.com/article/20170824/2017082452565.html
http://www.jcjcs.com/news/2017122.html
http://blog.sina.cn/dpool/blog/s/blog_1762e50170102xb44.html?type=-1
http://tech.china.com/article/20170826/2017082652997.html?qq-pf-to=pcqq.c2c
http://tech.china.com/article/20170823/2017082352011.html
http://district.ce.cn/newarea/qyzx/201706/19/t20170619_23708580.shtml
and there's likely much more that I missed over.
Mate, their credentials are definitely legitimate.

Thanks to user areesseye on Reddit!

https://www.reddit.com/r/waltonchain/comments/73rfho/just_went_to_bitcointalk_to_see_what_the_thoughts/