Waltonchain Embroiled in Controversy

Waltonchain, a China-based blockchain company that’s set to provide the Internet of Things (IoT) a commercial ecosystem, recently ran a promotional campaign for Valentine’s Day, that allowed lucky users to win a part of a 565 WTC (roughly $10,700) prize pool just for following the project on social media. The company released a list of over 200 winners on Twitter. These, according to a blog post, will receive 2.14 WTC tokens, while another 5 lucky winners will receive an extra 21.4 tokens. Accidentally, a Waltonchain employee revealed he was among the 200 lucky winners, while still posting from the company’s official Twitter account. To explain what happened, Waltonchain revealed through a video on Instagram that the selection process wasn’t spoofed so an employee would win the tokens. The video suggests the script selects winners at random, and merely happened to select one of the company’s employees. Many have argued the footage does little to explain the actions of Waltonchain’s employees. On Ttwitter, the company issued an apology statement to its 46,000 followers. It reads that the situation will be dealt with in a “serious and responsible way,” and that the team member’s prize has been canceled.

Reference: https://www.ccn.com/waltonchain-embroiled-controversy-employee-wins-token-giveaway/

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