WecanPrice

(WECAN)

Wecan Group is a Geneva, Switzerland-based company that provides blockchain-powered solutions for secure data management. It caters to individuals, companies, and financial institutions. Its primary mission is to enhance data handling, security, and compliance by tokenizing vast amounts of information on the blockchain, aiming to improve efficiency and trust in digital data exchanges across various sectors.

Wecan addresses prevalent issues in data management, such as data incompleteness, redundancies, and security vulnerabilities. It strives to boost the efficiency of data storage and transfer, especially in critical operations. This includes improving financial record-keeping, securing transactions, streamlining employee onboarding processes, and strengthening supply chain operations, ultimately ensuring greater data integrity and protection for its users.

Wecan's technology employs a multi-layered zero-knowledge proof architecture. This system integrates its proprietary Wecan-specific blockchain, a private network, and utilizes an established Layer 2 blockchain (like 3Achain, a Proof of Authority network) for recording data hashes. This Layer 2 then anchors data to a major base network such as Ethereum. Data originates in the Wecan App, is tokenized as a 'hash,' and is securely communicated and recorded across these interconnected layers, ensuring data integrity and user privacy.

The WECAN token serves as the native utility token for the Wecan platform. Its main function is to facilitate payments for anchoring fees, which are generated by activity on Wecan's platform, primarily for the acquisition and secure communication of data. A small fraction of WECAN tokens is also programmatically removed from circulation with each transaction, contributing to its tokenomics and powering the operational mechanisms of the Wecan network.

The total supply of WECAN tokens is capped at 19 billion. This supply is allocated across several key categories: 28% for Ecosystem Development, 20% for the Wecan Team, another 20% for Bonus distributions, and 20% for Presales and the Initial Exchange Offering. Additionally, 5% is designated for Partnerships, 4% for decentralized exchanges, and 3% for Market Making activities. This structured distribution is designed to support the project's long-term growth and operational sustainability.

Yes, Wecan has forged significant partnerships, particularly within the financial sector. The company collaborates with various banks and private wealth managers. These collaborations are vital for integrating Wecan's blockchain-based products, such as Wecan Comply, into real-world financial record-keeping and transaction processes. Wecan currently serves over 100 institutional clients, with a strong focus on enhancing Know Your Customer (KYC) compliance standards within European financial centers.