In the 4th revolution, blockchain and cryptocurrency projects have maintained a center stage. Unfortunately, due to the hype around these projects, a sizeable number has little to show for their work. However, the blockchain space is a natural sieve and only the most relevant projects in the stay afloat even if less is known about them.
One such project is WaykiChain. The project is a global public blockchain with a solid base to compete with the likes of TRON, EOS, and Ethereum.
What can you do with a $1.5 million incentive?
Waykichain, just like TRON and Ethereum, pays close attention to developers seeking to utilize the platform in developing decentralized applications (Dapps). Early this year, the blockchain project launched a $1.5 million incentive fund to support its developers who are dotted across the globe in 29 countries and counting.
According to the project’s CEO, Gordon Gao, the incentive is a way to “bring benefit and money to everyone on the chain with WaykiChain’s new slogan: ‘Leading blockchain built, used, and shared by you.’” As part of the incentive, Gao anticipates that one Dapp is capable of receiving $15K. Developers on the WaykiChain platform are offered all-round support plus a million-scale media exposure.
The only blockchain team invited to an international conference
To further its reach, and to prove its commitment in bringing everyone around, WaykiChain was the only blockchain team invited by the Chinese government during the China Development Forum (CDF) which was held towards the end of March at Diaoyutai State Guesthouse in Beijing.
The CDF conference particularly stands out since represented companies included Apple, Royal Dutch Shell, and Volkswagen.
During the conference, Gao noted:
“Blockchain has a bright future and can bring benefits to every part of a person’s life. I believe the next bull market will be triggered by some killer-level Dapps, and hopefully, WaykiChain’s products will be one of them.”
Notably, with WaykiChain having a close relationship with the Chinese government, it may bring the Chinese government to recognize the use of virtual currencies. WaykiChain is reportedly in the process of developing a stablecoin which may be pegged to the Chinese yuan. In a recent report by Diar, it was captured that the Chinese crypto community is investing heavily in stablecoins. For them, stablecoins is the golden bridge between fiat and Bitcoin.
When the WaykiChain stablecoin finally comes to the market, it’s likely to be the only stablecoin pegged to the Chinese yuan further fueling the intake of cryptocurrencies in China.
To show how rapid WaykiChain is growing, “the transaction volume of Wayki Legend has reached 67,000 WICC ($17,563) in only three weeks. More and more Dapps are showing their potential on WaykiChain,” Read a post on Twitter.
So, what sets WaykiChain apart from the crowd?
Smart contracts support Turing devices
Turing is a popular concept applied by smart contract platforms like Ethereum. With Turing, a developer can write contracts that can crack any reasonable computational problem. Therefore, with Turing, developers can include sophisticated logic in their smart contracts.
WaykiChain has another layer
This layer is commonly known as a sidechain. With the layer, applications can honor their own set of rules before interacting with WaykiChain.
Apart from supporting Turing devices and having a sidechain, Waykichain has a transparent voting mechanism plus a token that is already being traded on leading exchanges such as Huobi, KuCoin, and Binance.
With the progress already made by WaykiChain, TRON, EOS, and Ethereum will soon experience a massive exodus.