Waltonchain’s 3rd child chain Moneynet listed on Coinzest

This would mark Moneynet chain’s official launch

Blockchain project Waltonchain (WTC) has announced the listing of its third child chain, Moneynet (MNC) on Korea’s top 3 crypto exchange Coinzest, which according to the parent project, would mark the official launch of this chain. “The listing of Moneynet (MNC) on one of Korea’s mainstream cryptocurrency exchanges, Coinzest, is the official launch of Waltonchain’s third child chain,” said the startup in a Medium post.

The listing occurred on October 25, 2018.

What is Waltonchain’s deal with Moneynet?

On September 5 of this year, the blockchain project for the Value Internet of Things (VIoT) engaged in a partnership with Moneynet – a South Korean crypto web community, considered one of the largest of its kind in the Asian country – following the establishment of the Walton Blockchain Institute in said territory.

Per the agreement, Waltonchain would develop a sub-chain for Moneynet, on its main chain –noteworthy, this was one of the main goals for the blockchain project, according to its Q4 roadmap. In exchange, they would be using current resources of the South Korean platform to further expand their influence in that country, as well as to gain industry resources and be ready for future wide-ranging applications of their technology.

Mainnet confusion

On the other hand, following the announcement also made on Waltonchain’s official Twitter account, a Twitterati questioned the platform having three child chains without having launched their mainnet yet, to which they responded that this third child chain is an ERC 20 token, and although they didn’t addressed his question directly, they assured that the integration of this (and presumably others) child chain to the mainnet is currently under deployment.

Another Twitterati did address his question, stating that WTC mainnet is already out there (it was launched on March 31), and that there is a confusion between that and the upcoming token swap (which is worth mentioning, there is no official ETA yet).

Follow TokenTops on Twitter and Join Our Telegram Group to stay notified about new articles, cryptocurrency news, ICO announcements and price predictions and analysis.