Ultimate Custom Blockchain Tokens Platform WAVES to Launch ICO

By April 12, 2016Bitcoin Business

The 2.0 crypto initiative will be designed to solve real-world problems and with mass adoption in mind from the start. WAVES, a versatile new custom tokens platform, will aim to bring the benefits of blockchain technology to crowdfunding, securities trading and fiat money transfers.

The platform will focus on integration of national currencies through compliant gateway operators, allowing users to employ GBP, USD, EUR, CNY and others for blockchain operations, rather than relying on a native token subject to volatility through changing supply and demand. In the context of the concerning move towards permissioned blockchains, WAVES will offer financial institutions an open platform fit for purpose and suited to the demands of KYC/AML regulation. It will also include anonymity features, a must for industry-grade trading platforms.

Decentralized Kickstarter
WAVES will initially focus on several key applications. A decentralized token exchange will facilitate fundraising, crowdfunding, and trading of financial instruments on the blockchain. Asset-to-asset trading will be enabled from the start, meaning that any currencies and assets can be used to pay network fees, thereby placing minimal burdens on end users.

‘WAVES is designed to take the coloured coins concept to its fullest expression,’ says Sasha Ivanov, the platform’s founder, who is well-known in the cryptocurrency world thanks to his Coinomat instant exchange and other popular projects. ‘One of the use cases we want to realise from the start is a kind of decentralised Kickstarter – one where anyone can raise funds for their project, but where investors are protected by WAVES’ built-in blockchain-based reputation system, and where they can trade their stake in a project with third parties or gain an automatic refund if certain conditions are not met.’

Two-tier architecture
WAVES is positioned for accessibility and mass adoption from the outset. The network is built on the Scorex […]

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