What is Wanchain (WAN)? Latest information about WAN Token

In the context of the rapidly developing Web3, cross-chain interoperability is becoming one of the core factors. Wanchain is one of the pioneering projects in this field, with the goal of building a complete decentralized financial ecosystem and connecting public, private, and consortium blockchains. Join Allinstation in exploring Wanchain and the WAN token through the detailed article below.

What is Wanchain (WAN)?

Wanchain is a public blockchain (Layer 1) that supports smart contracts and integrates decentralized cross-chain connectivity. The project is designed to create bridges between different blockchain networks such as Bitcoin, Ethereum, BNB Chain, Polygon, Avalanche, Arbitrum, Optimism, and many other EVM networks, helping to transfer assets and data safely, quickly, and transparently.

• Token Sale: 51%
• Team: 20%
• Foundation: 19%
• Reward: 10%

Token Utility

• Pay transaction fees on the Wanchain network.
• Used for Staking and receiving rewards.
• Used to operate Storeman Node.
• Used to build and launch DApps on the network.

Roadmap 2025

• Deploy governance DAO to manage network upgrades.
• Optimize Galaxy Consensus performance.
• Expand support for non-EVM compatible chains like Solana, Cosmos.
• Release cross-chain NFT SDK toolkit.

Project Team, Investors, and Partners

Project Team

Wanchain is led by a technically experienced team with deep expertise in blockchain, Cryptology, and decentralized finance:

• Jack Lu – Founder & CEO: Founder of Wanchain and co-founder of Factom. Jack Lu has an academic background from Peking University and Ohio State University. He is a visionary technology entrepreneur in the blockchain field, especially regarding interoperability and privacy in decentralized finance.
• Dustin Byington – Former President: Graduated from Columbia University, founded Bitcoin College and co-founded Tendermint. Dustin was an early pioneer in spreading blockchain knowledge in the US.
• Zane Liang – Chief Scientist: PhD from University of Massachusetts, specializing in high-performance computing and cryptographic security. He serves as the lead architect in designing Wanchain's cross-chain system.
• Ying Zhang – CTO: Former senior engineer at Huawei, with extensive experience in smart contract development, consensus algorithms, and blockchain architecture.
• Tony Zhang & Demmon Bai – Cryptology Experts: Both are researchers specializing in elliptic curve cryptography, synchronous encryption, and security protocol design. They play crucial roles in implementing SMPC and Ring Signature.

Investors

Wanchain completed its funding round with participation from early investors, especially during the 2017 ICO. While recent investor details are not disclosed, the project successfully raised nearly 36 million USD from the community.

Partners

Wanchain continues to actively expand its partner network to enhance cross-chain interoperability in the rapidly developing Web3 landscape.

EnterPrise:

• ElevenPaths – a cybersecurity unit in Spain.
• Iqunxing, Supply chain finance services.

Technology:

• Loopring: Currently building DEX on Wanchain.
• Pundi X: In the process of integrating WAN into their products.
• 0xcert: Collaborating to build NFT token framework on Wanchain.
• Litex: Building Layer 2 scaling for Wanchain.
• Chainlink: Developing Oracle Services on Wanchain.
• Open Source Exchange Network: Collaborating on OTC trading research on Wanchain.
• BAT: Token officially integrated on Wanchain.
• Morpheus Labs: Blockchain Platform as a Service (BPaaS), providing a platform to develop DApps on Wanchain.

Blockchain Infrastructure:

• Polkadot, XRP Ledger, Bitcoin – Wanchain has integrated cross-chain bridges with these platforms.

DApp Development Services:

• Morpheus Labs – Provides Blockchain Platform-as-a-Service (BPaaS), supporting application development on Wanchain.

Summary

Wanchain is one of the pioneering projects in cross-chain communication, with the goal of building a Borderless decentralized financial ecosystem. Wanchain has opened a flexible and efficient approach to transferring value and data between different chains.

Wanchain is not just a single public blockchain but a bridge for a broader blockchain ecosystem. However, in the context of fierce competition and rapid development of solutions like LayerZero, Axelar, or Wormhole, Wanchain needs to continue innovating, drive practical applications, and expand its community to maintain its position.

The article is for informational purposes and should not be considered investment advice.