WAVES is a decentralized platform that uses custom blockchain tokens to represent value. Tokens can be issued by any platform user, and can be transferred, swapped, and traded on an integrated decentralized exchange. Tokens may represent a share in a crowdfunding project, financial instrument, or any other item with inherent value. waves represents the gravity which brings communities together.
Inspired by NXT cryptocurrency, WAVES is a new platform, being coded from scratch and aiming to become for colored coins what ETH is becoming for scripting. Traditional centralized crowdfunding and trading platforms rely on a third party to maintain the platform, thus sacrificing transparency and becoming prone to failures due to over-centralization. Blockchain technology allows the elimination of any centralized point of failure, storing all the platform data on all system nodes in a distributed fashion. It makes fully decentralized trading, crowdfunding and value transfer possible.
He is graduated from Moscow State University in the theoretical Physics Department.He has a fantastic
Academic background. He has always been fascinated with Deep Learning Neural networks and has also closely followed new Internet Payment Systems, which also inspired him to create and develop exchange services. Also he launched Coinomat.com, the first instant crypto exchange, and also created CoinoUSD, the first crypto fiat token. He is also the founder and CEO of WAVES project.
He has completed BA in Philosopy and Sociology in Düsseldorf, Germany, Tobias is currently at Berlin University.And then completed masters degree in Sociology based on European Economic Systems.
Escrow services for WAVES ICO are provided by:
1.Alexander Kuzmin,founder of mycelium.com
2.Paul Klanschek,founder of coinimal.com
2 out of 3 multisignature service from Coinbase.com is used.
The raised funds are sent every 15 minutes with a script to the following BTC address.
We can check the amount of escrowed funds in real time here:https://blockexplorer.com/address/3DWBSSAue32YS8PcW2gLs6m52BCCv3UgDA
Some features of waves
Mass market adoption
WAVES is built using a two-tier architecture, where the end-user client takes the form of a browser plug-in that can be installed with a couple of clicks. Upon installation a user is presented with a full-scale decentralized financial platform, right in the browser, similar to traditional online banking/trading/crowdfunding platforms.
Custom token issuance, transfer, and decentralized trading
Custom tokens can designate a share in crowdfunding project, a game token, can represent fiat currencies on blockchain. The scope of cryptotokens usage is limited by the users’ imagination only, and may go well beyond representing financial instruments on blockchain.Here Users will be able to issue their token, transfer it to other users, and trade it on a decentralized exchange. The next stage would be the stock and other financial instruments issuance by established companies, fully compliant with local laws. By providing asset to asset decentralized trading we will be offering a decentralized exchange which can be used for financial instruments clearing and trading.
National Currencies On the Blockchain
It is one of the most important feature offered by waves.It provide a whole new range of opportunities and improve their operational transparency at the same time. By offering “non-permissioned” solutions to banks and other financial institutions, WAVES combines the best of the both worlds: blockchain decentralization and verification procedures needed to effectively fight money laundering and financial crime. Having USD, EUR and CNY integrated into the platform means WAVES can provide a turn-key solution for crowdfunding campaigns and decentralized financial instruments trading, compliant with local laws and regulations.
Community management features
It will implement decentralized voting and messaging which will help the projects launched on waves platform communicate to backers.Also it will help to take decisions on community development in a fair and transparent way.
Some more features
*FAQ are also provided here https://blog.wavesplatform.com/faq-7664c1d1b1bf#.gzir629bh