Custom blockchain token platform WAVES launches ICO

WAVES is a new multi-functional custom token platform dedicated to applying the advantages of blockchain technology to the fields of crowdfunding, securities trading and fiat currency transfer.

The platform is committed to integrating national currencies through compatible gateway operators, allowing users to use GBP, USD, EUR, CNY and other currencies for blockchain operations, rather than relying on local tokens that are susceptible to fluctuations due to changes in supply and demand. In the context of a permissioned blockchain, WAVES will provide financial institutions with an open platform that meets the objectives and KYC (Know Your Customer)/AML (Anti-Money Laundering) regulations. The platform also includes some anonymity features that industrial-grade trading platforms must have.

Decentralized Kickstarter

WAVES will initially focus on a few key applications. The decentralized token exchange will facilitate fundraising, crowdfunding and trading of financial instruments on the blockchain. The platform will support asset-to-asset trading at launch, meaning all currencies and assets can be used to pay network fees, minimizing the burden on end users.

Sasha Ivanov, founder of WAVES, said:

“WAVES was designed to give full expression to the concept of colored coins. One of the use cases we wanted to achieve from the beginning was to turn WAVES into a decentralized Kickstarter - a platform where anyone can raise funds for their project, while investors are protected by WAVES’ blockchain-based reputation system, can trade shares with third parties, and receive automatic refunds if certain conditions in the transaction are not met.”

Double layer structure

WAVES aims for interoperability and mass adoption. The WAVES network is built on the Scorex platform and is committed to developing a method based on using the existing network state to replace the entire transaction history.

WAVES will use a variation of the Proof of Stake consensus mechanism - Leased PoS (LPoS), which not only makes it easier for lightweight clients to maintain network security, but also allows for marking on full nodes. This two-tier structure means that end users only need a lightweight client, which is easy to install. The platform interface is similar to existing online banking and trading apps, so it will be easy to get started.

The platform can install plugins to add new transaction types, so the availability of these plugins is also a concern. However, Ivanov commented:

“In this way, any developer will be able to implement new types of transactions. So this should enable an app store-style ecosystem and unprecedented flexibility.”

The WAVES ICO will begin on April 12, 2016 and end on May 31.

Original article: http://themerkle.com/ultimate-custom-blockchain-tokens-platform-waves-to-launch-ico/
Author:Mark
Compiled by: Kyle
Source (translation): Babbitt Information (http://www.8btc.com/waves-to-launch-ico)