This morning Waltonchain shared on twitter this image:
It's all about their new Masternodes feature. In short if you invest a lot of money in the coin then you get better mining privileges etc... It's a cool idea, isn't ground-breaking and has sent the price of Waltoncoin soaring (which is great for me beacuse I bought the bloody thing at all time highs!). Anyway, not slagging on Waltoncoin, I think it's a great project and is undervalued even at these levels. Great team with a great vision.
ANYWAY!
The thing that caught my eye about this post was this line:
"Our hard work and long hours have led to many notable achievements including award-winning innovations and support from local governments in China."
Now "local governments" is very broad and could mean basically anything. However, if I take it in the literal sense then this is a great sign for the crypto-verse! Local government and federal government in China are practically the same thing (I won't get into the detail). If city or even provincial governments are backing Waltonchain and Waltoncoin then there is a positive attitude in Chinese government circles for cryptocurrency.
Now this could be a ploy to raise the price of Waltoncoin. I mean the whole post was just a big way of getting people to invest more into their currency. However, I back this project and I want with all my heart to believe they are working with Chinese government bodies.
I'm not going to speculate when we hear definitive news on what the status of crypto rules and regulation will be in China but I'm sure 2018 sometime would be a good bet.
It's kind of crazy to think how strong cryptocurrency has been since China's departure. Imagine when this behemoth rejoins the ranks as one of the worlds biggest traders in crypto.
Buy in now folks. The only way is up at this point!