Throughout human history,
the fastest growing civilizations we gauged by how quickly and efficiently
they could trade essential goods between themselves to ensure survival.
To do this,
our ancestors had to build things like roads, bridges, aqueducts, wagons and trade carts
to move supplies from one place to another.
Adequate infrastructure is the beating heart of every thriving civilization.
It's a marvel to think about just how far civilization has come
in even the past 100 years.
After the prominent rise of the Internet and, more recently, fintech,
people are beginning to realize it's only a matter of time
until our financial system becomes completely digitalized.
Since the rise of blockchain technology,
we are tiptoeing closer and closer to this reality every day.
It's one thing to send and receive Bitcoin, Ethereum and other altcoins between our peers,
but to ensure the survival of this ever-growing ecosystem,
there needs to be a bridge that seamlessly connects them all together.
Luckily for us, the bridge has a name---
Wanchain.
Wanchain is a partner of BitBoy Crypto
and has been front-running the cross-chain interoperability space since 2017.
If coins such as Bitcoin, Ethereum and Litecoin were all skyscrapers spread throughout a country,
Wanchain is the highway that connects them all together.
Let's get it!
Welcome to BitBoy Crypto!
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My name is Ben.
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In this video, we 're going to discuss Wanchain's new digital integrations and partnerships
as well as recent developments with WanLend,
Phoenix Finance,
WanSwap,
the new and improved WanBridge Web,
and ZooKeeper.
Wanchain, the Wide Area Network chain,
is the world's first premier decentralized blockchain interoperability solution.
In a previous video on Wanchain,
we discussed that Wanchain's goal was to build truly decentralized direct bridges.
It's safe to say they've done just that.
Earlier this year, they built the first direct bridge from Bitcoin to Ethereum.
According to a tweet from Wanchain on September 17th,
Wanchain's 100% decentralized non-custodial cross-chain network
already includes nine layer 1 networks---
Bitcoin, Ethereum, EOS, BSC, XRP Ledger, Litecoin, Wanchain,
and more recently, they’ve improved their town center,
and added Moonriver and Avalanche to their tech tree.
Wanchain is one of the first projects to launch on Moonriver.
It goes by the ticker MOVR.
Moonriver is Moonbeam's sister network on Kusama,
and it's price has been like a rocketship to the moon since it's release in August.
It quickly shot up to $495 within a few weeks of it's release
and has since corrected with the rest of the market to $322 at the time of this writing.
Temujin Louie from medium.com says,
"In the future, Wanchain will also deploy to Moonbeam
and access Moonbeam and Polkadot's fast-paced growing ecosystems.
This integration will strengthen the DeFi ecosystem in Kusama
by enabling developers to build decentralized cross-chain applications."
"DeFi activity is growing on many different blockchains,
but the lack of integration between these blockchain ecosystems
limits the liquidity and traction for many protocols."
That was said by Derek Yoo, founder of Moonbeam.
"Wanchain offers bi-directional connectivity options to multiple blockchain ecosystems from Moonriver.
This connectivity will provide a rich set of assets to the growing DeFi ecosystem on Kusama
and ultimately Polkadot."
For more on Moonriver, make sure to check out this video here.
Getting its foot into the DOT ecosystem is one thing,
but to also partner up with Avalanche in such a small window of time
is clearly proof that Wanchain is developing quickly.
Avalanche has been one of the best projects to be involved with in 2021.
It's one of the fastest smart contract platforms in the blockchain industry.
Add this together with the power of cross-chain technology,
and what do you get? The future.
No, not that future.
Future of finance.
Stay with me here.
According to Louie from medium.com,
he said the next phase of this collaboration is threefold.
Avalanche will introduce the benefits of Wanchain's decentralized cross-chain bridges
to its ecosystem projects.
No. 2, Wanchain will create new use cases for cross-chain compatible tokens
like wanXRP and wanLTC on Avalanche
and wanAVAX on other public blockchains.
No. 3, Avalanche and Wanchain will co-incubate promising new cross-chain DeFi projects.
Combining the speed and utility of the AVAX ecosystem with the cross-chain interoperability of Wanchain
will open new doors for developers and will benefit all users involved.
Open a new door
and smash the like and subscribe button for us.
It puts you in the BitSquad,
which is the fastest growing community in crypto.
Wanchain has also addressed the scalability issues by developing a layer 2 to layer 2 bridge as well.
The Wanchain team is ecstatic to reveal that a new innovative L2L2 bridging solution
has already been developed and is currently entering the final stages of testing.
Now, let's talk about some of the ecosystem highlights featured in the Wanchain empire.
With DeFi growing in popularity as time goes on,
services such as borrowing and lending are must-have utilities in the space.
What do you get when you put borrowing and lending and cross-chain inoperability in the same blender?
I can take care of that.
Noooooooo!!!!!
I knew I could get the iPad in a Blendtec Total blender.
I think I'll press the iBlend button.
Whew!
Oh!
animation
Don't breathe this.
Aaah!
That was one tough pad.
WanLend V2.
Announced in August,
WanLend version 2 is one of the latest platforms to leverage cross-chain functionality
and pool-based liquidity into the same DeFi protocol.
According to Kurisu from medium.com,
by utilizing Wanchain's innovative Storeman node system,
all assets engaged in cross-chain activities are fully collateralized,
free and enjoy full decentralized security.
An innovation of WanLend version 2 is its pooled liquidity feature.
This allows users to contribute any asset to the pool and gain interest.
This is much better than traditional contract-based lending systems
because users can supply and withdraw assets at any time
rather than relying on a contract where borrowers have to agree to the terms of the lending contract.
This adds flexibility without compromising usability or security.
WanLend V2 also uses a community governance system that allows users to vote on new proposals.
To do this, WanLend V2 will deploy it's own WAND token.
There will be 210 million WAND tokens issued over three years.
This unconventional approach to DeFi will lead to a world-class experience.
Another addition to the Wanchain family is Phoenix Finance.
Formerly known as FinNexus,
Phoenix Finance gradually re-launched throughout the course of August on Polygon and Wanchain.
They launched with these two networks to offer solution to the setbacks
of high gas fees and scalability facing Ethereum.
This new protocol features two core products,
options and decentralized leveraged tokens.
It also includes mining and staking mechanisms.
BTC, ETH, USDC and USDT can be used as collateral for accessing any of them.
Their leveraged coins allow users to have access to a leveraged position
without fearing the risk of liquidation.
Options are a versatile investment instrument that acts as a hedge against risks.
It also enables users to increase or accumulate gains.
Phoenix options are traded with innovative pooled liquidity system
that allows for the efficient use of existing funds.
WanSwap is a decentralized exchange with automated market making.
It's modeled after Uniswap and combined with yield farming features like on SushiSwap.
WanSwap is built on the Wanchain blockchain,
which takes advantage of its cross-chain features to enable multi-chain asset trading.
It's the best of both worlds.
WanSwap supports EOS, Bitcoin, Wanchain, XRP, Litecoin, DOGE, ETH,
and a growing number of ERC-20 tokens.
WanSwap is a 100% community driven project
built with the passion and dedication of Wanchain community members.
The farming page on WanSwap provides extra incentives
by rewarding liquidity providers with the platform token WASP.
There are also upcoming new features
such as decentralized dollar-cost averaging and programmable cashflows.
The WanBridge Web mentioned earlier that directly bridged Bitcoin and ETH
has also just been fully upgraded.
This new release introduces a new simple intuitive UI design
and streamlined operations.
This will also be the first cross-chain compatible bridge that will work on a cell phone.
This feature will be released in the near future.
WanBridge Web is a browser-based interface
that makes simple decentralized cross-chain transactions available to all users.
Wanchain's cross-chain bridges are maintained by a group of 25 anonymous nodes
called the Storeman Group,
which is responsible for performing and verifying cross-chain transactions.
Decentralized collateral pools support all these bridges,
meaning Storeman nodes must stake WAN tokens as collateral.
Check it out at bridge.wanchain.org.
If you want to stake your WAN with the BitSquad,
the link to the official BitBoy Storeman node can be found in the description.
This will allow us to earn passive rewards together.
The last part of the Wanchain ecosystem we will discuss today is ZooKeeper,
which is a new project built as a Wanchain dApp.
ZooKeeper is a new interactive experience that includes gamified yield farming to earn rewards.
This project gives NFTs a real fun pragmatic use case.
You can go on safari expeditions by staking your ZOO tokens to hunt for gold or silver chests.
You can also use your NFTs to battle in the ZooRena.
This interactive game includes weekly live battles, in-game events, wagering and NFT boosting
to increase community interaction.
Choose between two opposing clans,
attach NFT powerups to make your mascot stronger and boost your chances to win.
You can also wager on who's going to win and join the ZOO lottery by taking part in these events.
You can get ZOO NFTs at The Market or find them in Gold Chests.
This fun interactive game is the first of its kind,
and its user base has been growing steadily since its release.
OpenZoo is an NFT marketplace that is coming soon to the ZOO ecosystem as well.
According to a tweet from Sophie Parker,
NFT minting will cost less than one penny.
Check out a step-by-step guide found here at this link.
The WAN coin itself is a gem.
Its market cap is almost $147 million at the time of this writing.
Its available supply is 194 million out of the total supply of 210 million.
Considering the big-named projects Wanchain is partnered with,
paired with an extremely low market cap,
and not to mention the practical use case of its own ecosystem,
it's only a matter of time until the utility of this coin carries it back into the top 100.
2021 all-time high of Wanchain was $2.32 back in April,
and it's currently priced around 75¢ after having a 20% pullback.
It couldn't be a better time to get in on WAN.
The hottest trends in the crypto space currently include DeFi, NFTs, yield farming, Metaverse,
and more.
But what do I believe is another big niche that could hit?
I think that's cross-chain interoperability.
Most crypto ecosystems are in their own bubble,
or silo, so to speak,
but Wanchain is the infrastructure that will help counsel our ever-growing crypto civilization
to come together and pave the road to the future.
That's all I got.
Be blessed.
BitBoy out.