Blockchain platform Waves launches its ICO (Initial Coin Offering) at 12 a.m. GMT today. The project’s team intends to create a decentralized version of Kickstarter to successfully compete with existing crowdfunding projects. The team stresses that Waves is not yet another cryptocurrency, but a blockchain system with strictly defined functionality.
Creators of decentralized blockchain platform WavesÂ intend to make blockchain-based crowdfunding a mass phenomenon. According to the project’s team, existing blockchain-based crowdfunding solutions still have inappropriately high entry threshold, as they require knowledge of cryptocurrencies, comprehension of their functioning, and lots of others specific aspects of the industry.
Waves development team along with Cryptoasset.fund and ScorexÂ framework developers has announced it launches a decentralized crowdfunding and virtual values trading platform. Initial coin offering of WAVES is scheduled for April 2016, while test net release is to happen this summer. The system is dedicated for issuance of proprietary values, including.