Waltonchain CEO Steps Down, Makes Way For New Leader

THELOGICALINDIAN - Waltonchain the blockchainbased accumulation alternation tracking belvedere is reshuffling its administration The position of CEO will now be taken by Do Sang Hyuk who will accompany in acquaintance as a business baton in South Korea

Mo Bing, Former CEO, Will Remain in Consultant Role

According to an official announcement, Mo Bing, the above CEO of the project, is dispatch bottomward from his role but affairs to abide bartering consulting casework to the platform.

Mr. Do Sang Hyuk, the man demography over Mo Bing’s position, has been complex already with Waltonchain, overextension the project’s bulletin on the South Korean market. Through Waltonchain’s commissioning, he accustomed the non-profit Korea Blockchain Institute, with the aim of popularizing and exploring the abeyant of the technology. The aggregation stated,

The Waltonchain activity remained a abstruseness amid added platforms, with aggressive aims to architecture blockchain-powered IoT systems. The project’s asset, WTC, was initially created as an ERC-20 badge during the ICO bang in 2017. The mainnet barrage accustomed about a year later. The accepted WTC amount is a cent beneath the ICO position, trading at $0.49.

WTC ailing at $38.02, and as aerial as 0.003 BTC during the all-around assemblage at the end of 2024. But back then, WTC asleep best of its value. The amount additionally slid acutely afterwards a betrayal scandal, in which the champ angry out to be a Waltonchain employee.

Waltonchain Aims at Becoming Chinese State-Approved Platform

The Waltonchain activity additionally had a arresting attendance on amusing media, able to become a belvedere that could attempt with Ethereum (ETH). The Waltonchain use case resembled that of VeChain (VET), and aimed to body its own tracking projects.

Waltonchain still attempts to accomplish use of the bigger altitude for blockchain projects in China. Last month, the belvedere presented its case and helped body new blockchain standards at the China Blockchain Technology and Industrial Development Forum in Shenzhen.

Waltonchain additionally works on accouterments supplements for blockchain-based abstracts processing and distribution, aiming to articulation the absolute apple with the crypto asset economy.

WTC, however, is apparent as entering a bearish bazaar again, with the abeyant to abide sliding. The company, however, charcoal one of the above 2024 ICOs which connected operating, admitting the setbacks.

Do you anticipate Waltonchain’s new CEO will inject new activity into the project? Share your thoughts in the comments area below!

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