Draft:Wecan Token
| Submission rejected on 9 February 2025 by CNMall41 (talk). This submission is contrary to the purpose of Wikipedia. Rejected by CNMall41 3 seconds ago. Last edited by CNMall41 3 seconds ago. |  |
| Submission declined on 7 February 2025 by Ktkvtsh (talk). This submission appears to read more like an advertisement than an entry in an encyclopedia. Encyclopedia articles need to be written from a neutral point of view, and should refer to a range of independent, reliable, published sources, not just to materials produced by the creator of the subject being discussed. This is important so that the article can meet Wikipedia's verifiability policy and the notability of the subject can be established. If you still feel that this subject is worthy of inclusion in Wikipedia, please rewrite your submission to comply with these policies. Your draft shows signs of having been generated by a large language model, such as ChatGPT. Their outputs usually have multiple issues that prevent them from meeting our guidelines on writing articles. These include: Declined by Ktkvtsh 46 hours ago.
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| Submission declined on 7 February 2025 by Greenman (talk). This submission appears to read more like an advertisement than an entry in an encyclopedia. Encyclopedia articles need to be written from a neutral point of view, and should refer to a range of independent, reliable, published sources, not just to materials produced by the creator of the subject being discussed. This is important so that the article can meet Wikipedia's verifiability policy and the notability of the subject can be established. If you still feel that this subject is worthy of inclusion in Wikipedia, please rewrite your submission to comply with these policies. Declined by Greenman 2 days ago. | |
Comment: Please stop forcing reviews on drafts that have NO improvements since last decline. CNMall41 (talk) 20:32, 9 February 2025 (UTC)
- Comment: Zero changes made since last decline. All of the bold needs to be removed. That is a clear sign this was created by ChatGPT. This also reads like an advertisement. WP:PROMO. Ktkvtsh (talk) 17:06, 9 February 2025 (UTC)
The Wecan Token (WECAN) is a utility token developed by the Swiss company Wecan Group. It is an ERC-20 token operating on the Ethereum blockchain, designed to facilitate the anchoring of digital proofs within the Wecan ecosystem. The token is at the heart of a growing blockchain infrastructure, offering a wide range of applications in compliance, secure communications, and financial services.[1][2]
Functionality and Use Cases
[edit]The WECAN Token is primarily used for:
- Anchoring Transactions: Ensuring auditability, time-stamping, rewards, and secure data sharing by recording hashes linked to data exchanges.
- Compliance and Secure Communication: Integrated into Wecan Comply (a regulatory compliance tool) and Wecan Connect (a secure messaging platform for financial institutions).[3]
Adoption by Major Financial Institutions
[edit]One of the most promising aspects of Wecan Token is its adoption by Switzerland's leading private banks, such as , , and UBP[4]. These institutions leverage the token within the Wecan Comply platform to streamline compliance, optimize KYC (Know Your Customer) and AML (Anti-Money Laundering) processes, and facilitate secure data exchanges among financial intermediaries.[5][6]
For instance, the leading Swiss private bank Lombard Odier stated:
"We also work with Wecan Comply, a platform that uses blockchain technology to simplify the exchange of compliant information between custodian banks and independent asset managers. At Lombard Odier, we push the boundaries of technology to deliver the solutions of tomorrow".[7]
Market Capitalization
[edit]One of the primary concerns regarding the WECAN token is its relatively small market capitalization, which can contribute to higher price volatility. However, given its current adoption by Switzerland's largest private banks, its integration into financial compliance tools, and its potential role in major blockchain-driven financial initiatives, Wecan Token is poised for a growing market capitalization and leading position in the financial industry.
References
[edit]- ^ Douet, Nathan (2024-09-26). "The Role of the $WECAN Token in the Wecan Ecosystem". Wecan. Retrieved 2025-02-06.
- ^ "Rapide envolée du jeton numérique de Wecan". www.allnews.ch. 2024-01-17. Retrieved 2025-02-06.
- ^ "Wecan Token | The token for the Wecan ecosystem". Wecan. Retrieved 2025-02-06.
- ^ "Leading private banks join WECAN Comply". www.startupticker.ch. Archived from the original on 2023-03-07. Retrieved 2025-02-07.
- ^ "Wecan Comply | Innovative compliance for financial actors". Wecan. Retrieved 2025-02-06.
- ^ Adjinacou, Luc Jose (2024-02-02). "Crypto: Wecan revolutionizes the Swiss banking sector - Interview with its COO". Cointribune. Retrieved 2025-02-06.
- ^ "Banking Technology | Lombard Odier". www.lombardodier.com. Retrieved 2025-02-06.
Main source: https://wecangroup.ch/wecan-token/
White Paper: https://wecangroup.ch/wp-content/uploads/2025/01/Wecan_White-paper_version-2-1_22-11-24.pdf
Article: https://www.allnews.ch/content/interviews/rapide-envol%C3%A9e-du-jeton-num%C3%A9rique-de-wecan
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