Although the 2018 World Cup situation is quite similar to the blockchain market situation, the thunder of the currency circle has really taken away a lot from the World Cup over the past few days, and he heat of the blockchain market has also declined, you may say that it is a normal phenomenon in the stock market due to “ the period of World Cup.”
However, this phenomenon should only be applied to blockchains and cryptocurrencies that have nothing to do with the World Cup. While those blockchains that are closely linked to the World Cup, such as the waykichain which focuses on game and betting, should be able to take advantage of the hot spots of the World Cup to have an outstanding performance. But it's the exact opposite of what we expected. the price of the waykichain dropped significantly instead of rising during the world cup, and the wicc market is not so good as we expected. Why did this happen? I would like to say this result is inevitable because of the following four reasons:
1.The technology content of Waykichain is not high
Simply speaking, waykichain is the public chain for the game and betting industry. The official website shows that the main features of waykichain in game and betting industry are: decentralization, digital encryption, and transparency. In fact, it is nothing more than to use the characteristics of distributed ledger decentralization in block chain technology. There is no technological innovation or we can say that the technology is not advanced.
In addition, the Waykichain official Github has had little change since launch, and the readme documentation actually shows copyright information from the BitCoin Core team. It seems that this Github code is just for show.
2.MLM marketing
In order to attract more investors to enter the market, they shouted at the conference:”Cleansing aunts for washing jeans, $1000 for 6 years.” And before the World Cup approached, the person in charge took the lead in shouting: "The World Cup, I set a death goal, The fee sharing for that month must be 30 million yuan ... the target is 210 million yuan! If we can't do it, the waykichain team will run naked in Shenzhen Bay!"
It can be said that the entire team of Waykichain constantly brainwashes the loss-making investors. In addition to pyramid marketing brainwashing, the waykichain team is also willing to spend money on advertising marketing. They bought advertisements from South Korea's official media, the "Central Daily News", and held press conferences in various places. What’s more, they also spent a million salary to hire Tencent's product manager Zhang Hao. However, these do not seem to play a role. During the World Cup, anyone caught up with the World Cup will be hot, except waykichain, which took the world cup betting as a theme.
In addition, Waykichain has been making marketing scams. On May 30th, waykichain successfully advertised football superstar Ronaldo as an official spokesperson in Weibo, Alerts, and self-media channels. It made great contributions to the signing of soccer giant Ronaldo as the official spokesperson for microblogs, news flashes, and self-media channels. It also gave Ronaldo's reasons for choosing the wiki link on the official Weibo. After being confirmed as just a marketing scam! They even showed the reasons for Ronaldo choose waykichain on the official Weibo. But later proved to be just a marketing scam!
3.No action on currency management
The total issue amount of token WICC is 210 million, the total amount of circulation is 140 million, and the ICO price is 2 yuan. We can see from the chart that it’s current price has basically dropped to the ICO price. The investors think that waykichain will continue to make a breakthrough as the world cup has coming, and as a result, the banker has long shipped after the advance dial.
(data from citicoins.com)
As for the price drop, Sun Yonggang said obviously that even to fall to the ICO price, there is no sense of protection.
4.False team information
At present, the waykichain project belongs to Shenzhen Hurricane Digital Asset Management Company. The shareholders of this company are only Cheng Yong and Li Guibin except Sun Yonggang. In other words, in the founding team of the waykichain formed by Sun Yonggang, Huang Tianwei, and Huang Lianjin, which were repeatedly promoted by the waykichain, the trio did not have any interest-bearer binding. The three didn’t have any equity interest binding, there may only be a platform relationship on the distribution of tokens. It may also be that the three are not related at all.
However, Huang Lianjin, who is on the platform of the waykichain, did not participate in the development of the waykichain during the development of the waykichain project. The public identity of waykichain chief technologist Huang Lianjin is the founder and CEO of the US distributed business application company. He does not have any title on the waykichain chief technologist, His news for the wicc platform has never been made public.
Even wuth these analysis, someone who do not give up may still ask that is there any room for waykichain to recover? I can only say from the aspects of its technical content, team, project landing situation and other aspects, the current risk of WICC is very large. If the team focuses on technological innovation and project landing, there may be room for recovering. However, it seems that the landing of the project is a long process. If they have always wanted to pull through MLM marketing, there is no way for recover.