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 Waves liteclient 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.