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WAVES itself was created through such a crowdfunding effort. Instead of seeking VC or private investment, WAVES aimed from the start to build a grassroots movement of users, testers and backers. Around 6000 people invested a total of about 30,000 bitcoins with a current value of over $16 million to fund development and marketing. 100 million WAVES tokens, the ‘fuel’ for the platform, were distributed to investors after the crowdfund. Because these tokens are required for all operations on the platform, investors hope to profit from the demand for these tokens as adoption grows. Further features, to be implemented later this year, include a decentralised exchange – on which currencies can be bought and sold – and a voting system.
WAVES advantages:
• Fixed supply, no inflation (BTC and ETH both increase/inflation)
• PoS, not mining (more sustainable)
• More versatile than BTC: designed for 2.0 tokens, but without the complexity and vulnerability of existing smart contracts/Ethereum (see The DAO)
• Excellent distribution, unlike BTC and ETH
• Focus on mass market adoption and open blockchain approach (vs permissioned ledgers)
WAVES in Numbers:
$25M Market Cap (#12 on https://coinmarketcap.com/)
$16M ICO (#7 the highest crowdfunding project https://en.wikipedia.org/wiki/List_of...)
30K Collected Bitcoins
6K Participants
100M WAVES tokens
20 Employees
Links:
WAVES Website https://wavesplatform.com/
WAVES Twitter https://twitter.com/wavesplatform
WAVES Facebook https://www.facebook.com/wavesplatform
WAVES YouTube https://www.youtube.com/channel/UCYDQ...
WAVES GitHub https://github.com/WAVESPLATFORM/
WAVES Reddit https://www.reddit.com/r/Wavesplatform/
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Disclaimer: This interview is not an endorsement, and does not constitute financial advice, legal advice, or in any other way recommend purchasing, or to avoid purchasing, any crypto token.
