WAVES, a decentralized blockchain platform focusing on custom blockchain tokens operations, is going to start its Initial Coin Offering (ICO) that will run from April 12, 2016 till May 31, 2016.

The platform aims to create an environment where the users of traditional online financial platforms will feel comfortable. It strongly believes in the potential of blockchain technology and wants to make it possible for traditional financial institutions to issue and support blockchain tokens representing national currencies and financial instruments. These tokens can be issued by any platform user and can be transferred, swapped, and traded on ​an integrated decentralized exchange.

WAVES will focus on providing the “ultimate solution”, covering most aspects of blockchain tokens usage – fundraising, crowdfunding, and trading of financial instruments on the blockchain. It will be offering trading of one custom token against another – “asset-to-asset trading” – which will make it possible to provide a stock market-like trading interface, by allowing trading against USD, EUR, CNY, and so on. National currencies transfer is maintained on the WAVES blockchain through compliant gateway operators, the whitepaper says.

Also, by combing blockchain decentralization and verification procedures it has an effective mechanism needed to fight money laundering and financial crime. 

The platform is being developed with mass adoption in mind from the very beginning. It is built using a ‘two-tier’ architecture, where the end-user client takes the form of a browser plug-in that can be installed easily. 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.

WAVES ICO

To participate in the ICO, users need to submit their email address at ico.wavesplatform.com and will receive a password for WAVES ICO account subsequently. By logging into the account, users will be able to find their designated bitcoin address and deposit BTC to their address.

“Users who buy WAVES tokens on 12 April will receive a bonus of 20%, which will be credited to their account immediately. Those who participate before the end of April (13–30 April) will receive a 10% bonus, and those who participate from 1–15 May will receive a 5% bonus”, the blog post says.

“At the end of the ICO, 85 million WAVES will be distributed proportionally to investors, including the early investor bonuses, based on the total funds collected. 15 million WAVES will be retained by the founding team for development and marketing.”