Waves is a Blockchain token platform that allows the creation transfer and exchange of custom and fiat tokens and assets through the Blockchain without volatility.The Wavesliteclient will feature a Portfolio, voting area to facilitate consensus on various projects and a messaging center.
Based on NXT's colored coin technology, Waves was built from scratch to provide new features . Waves plans to deliver a KYC and AML compliant platform with multiple Bank partnerships that will act as gateways for fiat deposits and withdrawals.
Waves has recently formed a partnership with Mycelium Wallet.
During the ICO period Waves Platform gathered 29636.25295948 BTC in exchange for 85,000,000 coins. The remaining 15,000,000 were reserved for bounties as so:
- 1 million tokens will be distributed to early supporters. - 1 million tokens are reserved for post-ICO bounties. - 4 million tokens are reserved for strategical partners and backers - 9 million tokens are withheld by the development team.
There were also discounts for early participants: - First ICO day bonus. Users who bought WAVES tokens on April, 12 received a bonus of 20% - Users who participated in the campaign before the end of April (April, 13 - April, 30) received 10% bonus. - May, 1 - May, 15 buys received a 5% bonus.
In its most recent update, Waves released the new asset issuance mechanism, allowing anyone to create new assets within the network.
Waves (WAVES) Features
Descentralized token exchange: Waves platform will facilitate fundraising, crowdfunding, and trading of financial instruments on the blockchain with reduced volatility.
Custom and fiat token creation, deletion and transfer.
Lightweight clients: Waves will provide a easy to setup light client that can run on any computer.
Technology Specifics for Waves (WAVES)
Waves is the first production system being built on top of the Scorex framework
Extensible solution: In order to fix the need for a mandatory hard fork when creating a new type of transaction on the NXT Platform (forcing network client software updates) WAVES offers plug-ins that are not included in the core software module, but are instead installed as an extension on top of it.
Waves (WAVES) uses the Leased POS algorithm and relies on the LPoS proof type.