WECAN: The Swiss crypto project complementary to Ripple's XRP
With the resurgence of the crypto market, bolstered by the prospect of the approaching bitcoin halving, investors are targeting the most promising projects. The WECAN initiative, driven by the Swiss crypto company Wecan Group, is certainly one of them. As evidence, it has attracted a wave of savvy investors in its pre-sale that was oversubscribed by 115%, exceeding 1.8 million dollars. Let’s focus on the unique characteristics of the WECAN token, which will surely make it one of the top utility tokens of 2024.
Wecan’s Crypto: Not So Different from Ripple’s XRP?
In terms of blockchain solutions, it’s important to note that the Swiss company can boast of having a positioning very close to that of Ripple’s crypto, the XRP. Indeed, WECAN, the native crypto of Wecan Group, serves as the infrastructure for digital vaults and the project’s distributed instant messaging app. It’s worth noting that the numbers are commendable: more than 10 banks and 100 asset managers managing over 1,800 billion dollars are already using Wecan’s solutions.
These figures demonstrate that the company has reached a level of maturity that other crypto projects envy. A result of the growing enthusiasm of users for a relatively discreet company whose scope should soon evolve. This is suggested by its upcoming listing on the Luxembourgish crypto exchange platform Bitstamp. This perspective places Wecan Group at the forefront of the evolution of the cryptocurrency and blockchain sector.
The Utility of the WECAN Crypto
Fundamentally, the WECAN token is used as an exclusive asset within the Wecan network. With a total of 2 billion units, whose initial unit value at launch is set at CHF 0.001, the asset has a divisibility to six decimal. An option that offers users the ability to trade and use very precise amounts of the token. While an additional 17 billion are expected to be issued in the future, this meticulously designed system ensures the rarity of the asset whose limited supply is intended to decrease.
Beyond its utility, it is relevant to understand the functionality of the WECAN crypto. The asset can only be accessed through exchanges or financial intermediaries. Consequently, the WECAN crypto is exclusively used within the Wecan network to reward anchors on the blockchain infrastructure. Thus, users engaged in activities involving digital vaults are authorized to use the WECAN crypto.
Wecan Group in the Running to Revolutionize the Banking Sector?
Wecan Group’s mission is to facilitate peer-to-peer data transactions securely, instantly, and virtually without fees in the cryptocurrency universe. All this with a particular emphasis on end-to-end encryption and zero knowledge. The platform has managed to position itself as the most widely adopted blockchain and crypto solution in wealth management. This is evidenced by its leading private banking users. Among them are Julius Baer, Edmond de Rothschild, Pictet, Lombard Odier, Syz, Mirabaud, Sygnum, Hyposwiss, Cramer, Heritage, Gonet, and Bil. To say the least, the company is establishing itself as the Swiss leader in blockchain solutions development.
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L'équipe éditoriale de Cointribune unit ses voix pour s’exprimer sur des thématiques propres aux cryptomonnaies, à l'investissement, au métaverse et aux NFT, tout en s’efforçant de répondre au mieux à vos interrogations.
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