Home / Crypto Currency / The Waves Ecosystem: More than Just a Crowdfunding Platform

The Waves Ecosystem: More than Just a Crowdfunding Platform

The Waves ecosystem was founded on the idea that the blockchain was invented for the people. It is a type of technology, which gives power back to the people for their business processes, finances, and much more. It also offers ordinary people a previously unimaginable level of security, convenience, and transparency.

The blockchain was created with the people in mind. The Waves platform has been designed with a wide array of users and use cases in mind. It works well for both the individuals and institutions. All of its capabilities are made possible by the constantly evolving technology.

There is a lot of misconception about Waves among the crypto-community at the moment. Many believe that Waves is a crowdfunding platform and not a full-fledged blockchain ecosystem, which it is.

A bird’s eye view of Waves Ecosystem

waves, waves platform

The Benefits for investors

The Waves platform has one of the best crypto wallets in existence. This is an easy-to-access wallet that lets you access all the features possible with the Waves platform. The wallet’s design considers best practices. That means it compares quite favorably with user interfaces of some of the most popular banking and trading platforms. When combined with fiat and digital currency gateway, the wallet makes it extremely simple to acquire and hold digital coins securely.

The Waves wallet come with an inbuilt DEX or decentralized exchange. It has a professional design quite similar to what is found on the most popular exchanges out there. A huge array of trading tools makes it ideal for newcomers as well as expert traders. The DEX is still being improved to ensure that it can soon rival some of the biggest exchanges out there.

Benefits for Institutional Investors

There is a major interest in digital currencies and the blockchain tokens from financial institutions. The Waves platform has elements built into it that make it possible to interface with the traditional world of finance. This will allow large corporations to gain access to this new class of assets with ease.

One way the Waves project achieves this is via the Basics Fund. This blockchain venture fund focuses on the Waves platform and can hold a diverse portfolio of digital assets. It has the purpose of giving large investors access to token projects as close to their launch as possible.

Compliant Token Launches

Waves will enable large corporations to launch token sales that are in conformity with the law. This way, the corporations will be able to access crowd investment in just a few weeks. The Waves platform also has various collaborations in place, like the one with Tokenomica which ensures that all token sales are KYC compliant. The ecosystem leverages on such collaborations so help its user gets what they want from the platform.

The Waves Lab

The Waves Platform is also actively involved in helping blockchain projects turn their ideas into viable businesses. The Waves Lab is the blockchain technology incubator that is part of the ecosystem and it mainly focuses on pre-ICO projects and teams with guidance and Waves Platform infrastructure to solve real world problems.

The platform also provides seed funds of up to $300k, legal support, advice, resources, PR and marketing to selected teams.

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Andreessen Horowitz’s $300m Crypto Fund Buys Stakes in Stablecoin Project

An upcoming stable coin project featuring a loaning system has bagged a $15 million investment from Andreessen Horowitz. VC Firm to Govern MakerDAO The venture capital firm, with a history of high profile investments into crypto projects, bought 6 percent of the total MKR supply through its $300m crypto fund, a16z crypto. By doing so, the US firm has got the rights to govern the Maker network, which includes MakerDAO, the stable coin firm, and the Dai Credit System as it becomes the first DAO-enabled stable coin project. The investment also marks a16z’s very first strategic purchase in the crypto industry. Katie Haun, general partner at a16z, believes MakerDAO will provide a compelling opportunity to their fund in the crypto-space. The former federal prosecutor, who is also renowned for having led the investigation against Mt Gox and Silk Road, said in her press statement: “MakerDAO’s technology, ecosystem and talent have put theory into action to deliver a decentralized stablecoin that we believe will help drive the future of the crypto economy.” For MakerDAO, a $15 million investment means more funds to develop their Dai Credit System. Not to be confused with MKR, which is a proof-of-stake token, the Dai Credit System uses a specialized stablecoin called Dai. The Dai token is soft-pegged to the US Dollar and is created during a seemingly unique loaning process. “Dai is created when asset owners deposit collateral to secure a loan, which is denominated in Dai stablecoin […] This allows owners of illiquid or unstable assets that wish to retain those assets over the long term to gain short-term liquidity, i.e., an ability to spend value otherwise locked in those assets while still retaining those assets,” stated Haun. For now, borrowers will be able to use ETH token as collateral to secure a loan from MakerDAO. The team has also launched a multi-collateral DAI system on the Kovan Testnet. It would allow borrowers to collateralize a diverse basket of crypto-assets in addition to ETH. The Maker network, in general, makes use of a set of autonomous smart contracts to coordinate the loan system. That said, anybody with an internet connection and with some collateral to spare can create Dai stablecoins, without needing an intermediary. “With an exciting fall full of announcements, MakerDAO is making its mark as a vanguard of blockchain technology. The team looks forward to continued product excellence and rapid Dai adoption in the coming months,” the Maker team said as it signed off. Image from Shutterstock The post Andreessen Horowitz’s $300m Crypto Fund Buys Stakes in Stablecoin Project appeared first on NewsBTC.

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