Article used:
https://cointelegraph.com/news/chinese-ico-ban-may-end-after-oct-18-with-communist-congress-elections

The 19th Communist party leadership elections are scheduled to take place in China on Oct. 18 this year. Regarding to Forbes, there are some political motives why the ban might end after these elections.

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13 COMMENTS

  1. A monster is born! WTC.

    We all know about the ridiculous team, their stable of patents, their massive network of contacts, the desperate need in China for supply chain authenticity and how they already have a working product since they used it for the competition.
    I’ve always been one of the more optimistic proponents for WTC and went all in before the China FUD. A few times I’ve posted here and in Slack how I believed 1.5B would be a realistic target market cap in today’s market and that by the time we hit 1.5B the overall crypto market will have grown so much that we would instead grow to a realistic 2.5B market cap.
    I have been completely wrong in my optimistic valuation of this token. These figures were narrow minded and did not take into account the viral nature of the product WTC has designed. WTC will be known in history as the first company that brought blockchain to the real world. It’s not just a blockchain asset but actually a financial services product.
    Next month WaltonChain is converting to a blockchain secured by us staking WTC in masternodes. SeptWolves and the other WaltonChain customers will pay a sizable amount to implement the Walton solution. During this process they will need to acquire lots of WTC to use the solution.
    The Walton solution is designed to encourage their customers to run their own masternodes and use the proceeds from staking their investment to pay for their use of the blockchain. Why tell customers they will need to pay a fluctuating market price to use the solution when they can instead invest a fixed amount into the solution to earn a guaranteed return of WTC tokens and use those tokens to essentially use the blockchain for free? This way instead of dealing with a fluctuating price of WTC tokens, they instead have a one-time investment that forever covers their use of the blockchain.
    Each customer will need large quantities of WTC. Where will they get them? My tokens will be locked up in a masternode. Your tokens will be locked up too. Think back to the low volume over the last few days because we were all holding and were not willing to sell our stack. The people accumulating were steadily driving the price up because there weren’t enough tokens to go around. Imagine how many more people will be holding and keeping tokens off the market once they’re actually being paid to hold them in a masternode. Now imagine the people buying tokens are corporations that need to acquire 100,000 WTC to implement a new project that goes live in 90 days. How high will the price go?
    No one will better understand the value of the WTC tokens than our own customers who will see in their own books just how much their sales have increased from using Walton’s solution. Every CEO will personally become a whale due to their insight into how great this solution is. As for their companies themselves, the payoff from holding WTC in their masternode will be greater than any other investment they have and will certainly dwarf the returns they’re getting from their cash on hand sitting in their checking accounts. They will funnel their extra cash into their WTC holdings which would really just be an investment into their supply chain management and their own future.
    We’re going to need a larger definition of market cap.

  2. Chinese government is not a kid. They don't make careless decision and change it again very soon. China won't waive the regulation in at least next two years, I promise.

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