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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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Police Arrest Four Ukrainians for Running Fake Cryptocurrency Exchanges

Law enforcement in Ukraine has arrested four young men who were running at least six fake cryptocurrency exchanges. The cryptocurrency sphere is an exciting space, and many people are eager to begin buying and selling virtual currencies. However, such an influx of money and inexperienced newcomers also bring out the criminal element, seeking to gain funds at the expense of those new to the space. Scams abound, but police in Ukraine have done their part by arresting some individuals who ran a number of fake cryptocurrency exchanges. Using Programming Skills to Set up Scams In the city of Dnipro, Ukraine, police announced that they had arrested four men between the ages of 20 and 26. The quartet had set up a number of fake cryptocurrency exchanges. Police know of six fake exchanges that they operated, but there is a definite possibility that there may be more. The six fake exchanges include: moneycraft.info, wowex.online, swapex.net, myexchanger.lv, iconvex.net, and likechange.biz. Police say that the criminals had “special knowledge and skills in the field of programming” and “have created their own CMS-system for managing the content of exchange sites.” Unsure of Amount Stolen Police are asking those who were scammed by the fake cryptocurrency exchanges to come forward and file complaints. As of now, law enforcement does not know exactly how much the four men were able to steal from their victims. Police may be able to glean such information from the equipment that was seized during the arrests. It was reported that flash drives, computers, smartphones, and other equipment were confiscated when police raided the homes of the four men. The reality is that crime and scams are rampant in the cryptocurrency sphere. One should always do due diligence before spending any money. The world of virtual currencies is still akin to that of the Wild West, which means that danger is just as close as excitement and opportunity. Have you ever been scammed by a fake exchange, wallet, or ICO? Let us know in the comments below. Images courtesy of Shutterstock. The post Police Arrest Four Ukrainians for Running Fake Cryptocurrency Exchanges appeared first on Bitcoin Network, News, Charts, Guides & Analysis.

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