Wanchain Announces Partnership With Kronos, Plans To Expand Its Financial Services On Blockchain
“Wanchain is pleased to announce a new partnership with Kronos, a financial platform that allows the average investor to access elite trading strategies employed by traditional fund managers around the world. Kronos is a valuable partner in Wanchain’s mission to expand and rebuild financial services based on blockchain technology,” the announcement made by Michael, head of Business Development at Wanchain Foundation, read.
Kronos is an important partner as it has been in the industry for a long time, allowing average investors to access premium trading strategies. The company intends to introduce new rules of finance, abolishing the traditional ways. With the Kronos utility token, traders gain access to some of the best quantitative strategies to trade including many other investment options.
Kronos has big plans to launch dual token structure in 2019, intertwining security and utility tokens in one platform. The KRON token will fuel the Kronos ecosystem, whereas the security tokens will represent the underlying assets in each trading strategy. Kronos employs smart contracts to ensure its operations are completed in a fair and transparent manner.
Wanchain is a blockchain platform that allows exchange of digital assets between various blockchains with cross-chain smart contracts and privacy protection. Its infrastructure is designed to simplify the creation of distributed financial applications, targeting both organizations and individuals to access various financial services such as multi-asset ICOs, asset exchange, and loans, among other asset management capabilities.
Wanchain 2.0 allows cross-chain functionalities with the Ethereum blockchain, with the Wanchain 3.0 expected to launch later in 2018. The new product will allow the same functionalities, only this time with Bitcoin.