Wanchain is a distributed financial infrastructure based on digital assets it aims to offer, transactions, investing, loans, exchange and multi currency settlement systems.

Two main roles for the Wancoin are:

1) process fees for Wanchain transactions and cross-chain transactions

2) bond deposits at each node for ensuring cross-chain transactions.

In terms of applications, as more and more cross-chain transactions are processed by Wanchain and if Wancoin appreciates in value, Wancoin may become an intermediate currency for currency exchanges. 

Team:

• Jack Lu: Founder
• Zane Liang: CEO
• Ying Zhang: CTO 
• Shi Liu
• Demmon Zhao
• Michael Y
• Eric Swartz

Advisors:

• Feng Han: Secretary-General of DACA
• David A Johnston: Chairman of the board at Factom
• Dustin Byington: President & Founder of Stokens Venture Capital, tendermint Co-Founder
• Albert Ching: Founder of i-Sprint

Bonus Schedule:

• 1 ETH = 880 WAN 6 Sept - 13 Sept
• 1 ETH = 790 WAN 13 Sept - 20 Sept
• 1 ETH = 750 WAN 20 Sept - 27 Sept

Token reserve split (49%):

• 20% Team
• 19% Foundation
• 10% Miners

Minimum contribution is 0.1 ETH. Wanchain v1 is expected to go online in Nov 2017.