Wanchain Blockchain To Be Integrated Into EOS During The Second Quarter Of 2019
Wanchain Blockchain Will Be Integrated Into EOS In The Second Quarter Of 2019
Wanchain, a cross-chain collaboration platform, has been recently integrated with the EOS platform. According to the Wanchain team, the project would be connected to EOS sometime between April and June 2019.
The information was revealed in the company’s community conference call for this quarter, in which Oliver Bitch, the vice president of the company, made the announcement. He also highlighted that the reason for doing this was because the EOS had such a great performance recently.
Jack Lu, the CEO of Wanchain, has affirmed after the call that the company was discussing the integration with other networks recently, though he could not announce any other integration besides EOS.
What most attracted them to EOS was the big ecosystem that the network already has, as they deemed that it would be very interesting to integrate their WAN tokens with another company’s platform.
The global marketing director of Wanchain, Dan Reecer, has affirmed that EOS has a bright and large dev community and that it was one of the biggest ones out there. This way, they would be able to connect with other dynamic communities and become a part of the same ecosystem with cross-chain apps.
Most of Wanchain’s operation is focused on creating “wrapped” tokens which can be traded on other blockchains as well. Projects like bridges between Ethereum (ETH) and Bitcoin (BTC) have been done so far. At the moment, the company has grown to a quite large company with 70 members, 40 of which work as developers.
Another important announcement that was made by the company was that Wanchain would start to support more ERC20 tokens than it has been doing so far. Three tokens were added in total this time. Two of them were stablecoins, TrueUSD (TUSD) and USD Coin (USDC). The other token was the Basic Attention Token (BAT).
The plan of the company is actually pretty ambitious. According to Lu, they want to integrate their ecosystem with “basically every public chain” in existence, which means that the ultimate goal of the company is to basically become the ultimate bridge between crypto ecosystems.
Wanchain had its Initial Coin Offering (ICO) back in 2017. The company was able to raise $36 million USD. Despite the bear market, the CEO has affirmed during the conference that the company still had funds to continue its work for five more years.