The Waves Platform has officially been launched and will be available on exchanges as soon as they can integrate it in their system. (nop, “Yoshit” doesn’t count).
Waves ICO raised over 29.636 btc, which were exchanged for 85 million Waves making it the third most successful ICO so far. Waves has joined the ranks of projects like Ethereum and The DAO.
The ICO went smoothly and so did the Waves lite client introduction, it was launched on the 10th of June and I even wrote a small guide on how to withdraw your tokens, which you can check out here: https://steemit.com/altcoins/@kanoptx/alt-wars-episode-i (and still… someone actually managed to put their home address on the wallet address field...)
So why is Waves relevant, in what seems to be an endless ocean of “new” payment systems that are just another rip off what was once a revolutionary concept? Lets find out:
Waves is a decentralized multi-purpose exchange platform. Based on NXT’s colored coin technology, Waves was built completely from scratch and it’s the first production system being built on top of the Scorex framework. Waves addresses some of the major issues with the NXT platform (Like mandatory updates), while filling the demand for a stable Blockchain currency for investors, kickstarters and regular users.
Waves platform allows the creation, issuance, transfer and Exchange of assets and custom tokens, most noticeably fiat tokens which allow users to transfer fiat currency over the blockchain without any volatility.
Waves liteclient will also feature a Portfolio to keep track of all your assets (which can be Exchanged for fiat and crypto currencies and other assets), a voting area to facilitate conensus on various projects and a messaging center.
Waves plans to be a K.Y.C & A.M.L (Know Your Customer & Anti-Money Laundering) Platform, in order to form bank partnetships. Banks will provide a gateway for fiat currencies to be deposited and withdrawn from. The first partnership made and disclosed by waves is the reputable wallet provider, Mycelium.
Waves will not be the next technological revolution to follow Ethereum, but it is a tool with the potential to be widely adopted by users, since it provides a “simple”, but useful service.
Missed the ICO? Want Waves badly? Well, you’ll have to wait a couple of days, while exchanges integrate it in their system. It is also possible to earn waves through LPoS (Leased Proof of Stake) mining, but you need to have Waves in your wallet in order to earn Waves this way.
Users can run a Masternode to maintain the network, while others can lease their waves balance to the nodes, allowing users that can’t run a masternode to profit from this system. Waves is a fully premined, which means all the rewards come from Transaction fees.
For those of you that do have waves, you’ll need to wait for the Tech Paper to be released before being able to stake them. Should I write a guide on how to stake Waves, once the Tech Paper is out? let me know in the comments.
Links:
ANN Thread: https://bitcointalk.org/index.php?topic=1387944.0
Website: https://wavesplatform.com/
Blog: https://blog.wavesplatform.com/@wavesplatform
Slack: https://wavesplatform.slack.com/
