WaltonChain appoints new CEO in a move to reposition the firm
11 Dec 2019
Since its Initial coin Offerings two years ago, WaltonChain has maintained a relatively low profile within the cryptocurrency space. But it seems the supply chain tracking company is about changing that, with the appointment of a new CEO.
The platform has been trying to develop its cryptocurrency platform to compete favorably with others in the industry. It has decided to reposition its business strategy, starting with a new CEO Sang Hyuk.
Former CEO will still play an advisory role
Although the former CEO, Mo Bing, has left the board, the company reiterated that he will still be valuable to the firm. According to WaltonChain, he will offer consultancy services to the company as the new board tries to tap from his wealth of experience. Mo Bing has been in the industry long enough to understand certain market situations at certain times. He will offer advice to the current board whenever the advice is needed. The company stated that he would be consulted for his input in some cases, especially on matters he has handled in the past.
New CEO already up and firing
The New CEO, Sang Hyuk, has already started working, as he has introduced a fresh perspective on the business module of the firm. The company hopes that its presence in South Korea will help move the company forward in fintech.
Hyuk has extensive experience working within the South Korean cryptocurrency space. His extensive knowledge in the Asian market will be of immense benefit to the company, according to WaltonChain. The company had already announced that the new CEO would play a massive role in repositioning the firm for a huge impact in the coming years.
WaltonChain is assuring investors and the cryptocurrency community that this appointment is not a step backward. In reality, it’s a step in the right direction because the company wants to grow massively. The new CEO will implement top strategies that will help the firm rise above the competition, WaltonChain explained in a recent announcement.
Do Sang Hyuk has an impressive management record. He played a major role in setting up the Korean Blockchain Institute, a not-for-profit institution that explores the potential of blockchain technology.
The WaltconChain announced that Sang Huyg had contributed immensely to the WaltonChain project since he joined the company. The company believes that, under the direction of Sang Hyuk, the company has huge potential to move forward and experience development.
Waltonchain wants to improve its token value
WTC is the asset of the WaltonChain project, which was set up in 2017 after an ICO was issued to raise funds for the project. The token has not been doing greatly or too bad since it was launched, as it has not had a handful of fluctuations.
However, the price reached its highest in 2017 when it was valued at $38.02. Since then, the value has dropped considerably, with its current value pegged at $0.48 in today’s market. The firm has intensified efforts to improve the current market value of the token by improving the company’s blockchain activity. And the appointment of a new CEO is a step towards the new direction WaltonChain is headed, according to the firm.
