, a decentralized platform which uses custom Blockchain tokens to represent value, has finished ICO, raising over $16.000.000 USD in Bitcoin. WAVES
CoinTelegraph spoke to Alexander Rugaev, Chief Business Development Officer at WAVES, about the features of the platform, Yobit failure and the Wave coin soon to be available on exchanges.
CT: How much Bitcoin was raised?
Alexander Rugaev: WAVES finished ICO in June 2016 and raised over $16.000.000 USD in Bitcoins. It is considered to be the biggest amount in BTC even compared to Etherium.
CT: How does the Waves platform work?
AR: Put simply it’s like combining Ripple with Next and Tether. In future the banking finance sector will have token gateways which will implement USD, EUR, GBP, CNY. This is the first priority of the team and we hope it will be done by September at the latest, but in a stable decentralized trading system on top the Wave platform.
The second priority is the decentralization of crowdfunding. We want to make it possible for those people without bank accounts to easily transfer money. We believe that stable coins could be crypto analog for bank accounts.
However, all the fiat operations will be AML/KYC compliant and the financial gateways will be similar to Ripple. We would also like our partners to issue Waves-linked debit cards by 2017. This way it will be possible to trade any asset pair in future. CT: How will the Waves platform assure users of the stability of the fiat tokens? AR: Every issued token will be backed up by the same amount of fiat currency at gateways bank account, plus a few layers of security, combined with multi-signatures to issue and redeem tokens and regular or real-time audit.So the amounts of tokens will always be equal or less than the amount […]
