Post
Topic
Board Announcements (Altcoins)
Re: [PRE-ANN] WAVES. Ultimate crypto-tokens blockchain platform.
by
rocketron
on 26/05/2016, 16:48:55 UTC
is ICO ending on may 31st or 1st? ICO page says 1st?


How do we claim our bounties?

i.e. for following on Twitter and Facebook?

+1

"The token distribution to supporters will take place after the end of ICO, WAVES support team will be contacting all participants and arranging the bonus transfer."

As for social accounts, you will be confirming them on the ICO site.

As for signature campaign, you will need to send message from your Bct account with your Waves address.

I still don't get how it is going to work. Does this mean we are going to have the main net launched after the end of ICO? Or it will be like Lisk where we will only get the private keys of Waves tokens?

ICO ends on May, 31, next beta mainnet launches, first checks, next investors are able to withdraw their tokens directly from their personal accounts on the ICO site to exchanges wallets, while they are withdrawing they will need to confirm also through email they receive in the process. Exchanges will announce by themselves when they have wallets available.

So Waves launch is basically a huge IOU situation, with no wallets or actual Waves tokens - those will come later in the summer. People will be trading Waves IOU's for bitcoin. Am I understanding this correctly? because if I am, this ico is selling absolutely nothing but future promises. The "launch" won't actually happen for months. In this case allowing trading early like this could be really bad for the Waves price.
No IOU, actual coins will be traded.

Thanks for the clarification. So the wallets will be delayed until this summer, correct? And the waves tokens after launch -  how will they differ from NXT? I apologize for not reading the thread, way too many pages to tackle at this point.

Platform with main features - summer 2016

Public testing of lite client on testnet with basic features - before the end of the ICO

Beta mainnet and withdrawing your tokens to exchanges wallets - after the ICO and beta mainnet launch

Waves team is building first production system on top of Scorex framework where Waves token will be the fuel of whole platform and all transactions happening there, from issuing the assets, through transfer, depositing and withdrawing other supported currencies on the platform. Focus is on custom asset creation, lite client, end-user, no blockchain download, decentralized exchange, asset-asset trading, fiat assets, working with payment providers from the start and being decentralized kickstarter at the same time. Other features and apps/plugins center will be appearing in meantime. Waves will have its own implementation of POS, its own transaction types, its own unique reputation system on the blockchain and many more things. Rewards will be distributed between all network users who have a balance, above full nodes, all lite client end-users will be able to lease their balance to full nodes and receive rewards also. So above Waves token being the fuel of the whole platform there will be also incentives from the network itself. Main differences asset-asset trading, fiat tokens, working with payment providers backing the fiat assets.