WAVES Open-blockchain financial platform. Blockchain for the people.
waves - Introducing GoodShare
The Waves platform has attracted its fair share of businesses, but blockchain solutions have much to offer other sectors of the economy. As well as political initiatives like Upcoin, there is also scope for charities to benefit. A number of charities already accept bitcoin donations and the advantages of cryptocurrency mean that this number will only grow. With this in mind, Alexey Koloskov (@Koloale) is launching a new mobile giving project on Waves: GoodShare.
Why did you decide to create GoodShare?
The market for charitable giving is large and growing, but we think the current ‘Giving Website’ solutions lack transparency of donation transactions and problems in selecting which causes deserve most traction with users. Who decides which causes are best? It can be somewhat subjective. With blockchain technology we can solve both of these problems. Transactions are always transparent and always reach their recipient.
GoodShare targets the mobile donation channel. GoodShare tokens allow users to promote some campaigns, raising their profile. The more you give, the greater your referrals network and the more tokens you will receive, so the more power you’ll have to influence causes you are really care about or are inspired by.
Are there particular charities you are interested in supporting?
We want to create a fair platform where all fundraisers can connect with their donors and no great cause remains unfunded. But we will also be active in donating to the campaigns on our platform. I personally really care about health and medical campaigns for children and young people, as well as education programs all over the world.
How will GoodShare’s model work?
We have very simple model. We won’t charge any fees from donations, as other online platforms do [5% is typical]. We simply convert 5% of each donation to GSH tokens, which are returned to donors and their networks.
GSH tokens will be tradeable on different exchanges. They can be donated to specific campaigns directly, or spent to promote campaigns and raise their rating/profile. Campaigns’ ratings influence what place that campaign will have in searches and how frequently it is shown to the users of platform, thus increasing the chance of donation.
Besides promotion, GSH will be used for other smart services and tools that will be added in due course. We also have a referral program by which you can create a network of your referrals. This will encourage collaboration and a bit of friendly competition within your community.
If you get someone to download the app, a portion of their GSH tokens is gifted back to you.
Together with your community you can give more because you’ll receive 10% of GSH tokens from each your referral’s donations. The GoodShare platform allows users to visualise the impact they and their network are making and share these achievements via social networks (Facebook, Twitter, Instagram etc).
How much are you hoping to raise for this project, and how will the money be spent?
A small investment in GoodShare will have a massive impact. All money raised will be spent in building an innovative blockchain platform that will make giving and fundraising more effective. We are prioritising creating easy-to-use mobile applications and a web site that looks and feels fresh, modern and friendly for charities and donors.
$300k-500k is ideally required to finalise the platform and complete the planned feature-set. If we receive less funding during our ICO we will still stick to our mission and launch the project, but the timeframes will be extended.
What is your timeline/roadmap?
Q3 2017: iOS app launched.
Q4 2017: Android app launched.
Q4 2017: Enable campaign sorting based on GSH tokens rating
Q1 2018: Fully-functional website completed
Q2 2018: Fundraising pages for charities
Q2 2018: Integrated machine learning used to show the most targeted campaigns based on user preferences
Stay tuned for more details about the GoodShare website and ICO.
Waves Pre-Release GUI v 0.4.26
- Added USD gateway
- Removed unused CNY token
- Hid BTC deposit popup on testnet
Waves Meetup in Netherlands 20 June
Blockchain serviced office initiative Primalbase hosted Waves at their shared space in Amsterdam last night.
The last Waves meetup in Amsterdam, in the autumn of 2016, was just a small group of people — few enough that it took place in a coffee shop. This one had much greater numbers, reflecting the rapid growth and interest of Waves’ Netherlands community, and took place in the shared office space that Primalbase — a new blockchain initiative hosted on Waves — will be making available to its token holders.
Sasha kicked off with a recap of what Waves is all about and the way the platform is being positioned as a compliant blockchain solution— whatever happens in the ever-evolving legislation. Despite (probably very realistic) fears of a bubble, the reality is that this technology is here to stay.
Primalbase is leveraging Waves’ technology with a token that gives lifelong access to their shared office facilities — but, thanks to the features of the blockchain, it can also be traded or leased to other users. Dmitry Faller, Chairman of the Board for Primalbase, explained more about Primalbase’s model and how they would expand, as well as the application of blockchain to the business and more broadly within the real estate sector. Primalbase will be launching their ICO on 26 June, selling a limited number (1,000) of digital tokens. ‘Techno hubs’ will be opened in Berlin, London, New York and Singapore, as well as Amsterdam. You can find out more on the Primalbase website.
Q&A from the floor followed, including questions about the overlap of use between Ethereum and Waves (essentially, Ethereum is currently being used for token creation and crowdfunding, which is what Waves was expressly designed for). There were also questions about Waves DEX and development, and how Waves would aim to maintain and increase its market share. Real-world forex exchanges are starting to take an interest in the technology, and it’s very likely that a hybrid model (matchers + blockchain for speed and decentralisation) will be implemented by one or more of these. Additionally, there will be new fiat and altcoin gateways, probably including the Japanese Yen and Ethereum in the near-term. Do check out the video for a full update.
Thank you to our Primalbase for hosting and to our Amsterdam community for a great evening!
Beer for WAVES at RUIG Drinks and Bites
The Netherlands restaurant is embracing crypto, seeing a glowing future for blockchain cash.
RUIG Drinks and Bites, a restaurant based in Ede in the Netherlands, has become the first Dutch establishment to accept the WAVES token as payment — a month after an Italian restaurant in Mallorca did the same.
Marlies Graveland-Koenders, one of RUIG’s three owners, says: ‘We haven chosen WAVES because of the possibilities and to surprise a large group of our customers who are fans of and investors in WAVES. We want to be original with our beers, wines, gin tonics and also with our payment methods. As the proprietor of the establishment we have high costs for normal bank transactions; we want lower costs and similar or better user friendliness. We believe in the possibilities of WAVES for the future.’
There is significant interest in cryptocurrencies in the Netherlands, and particularly in Waves, with a meetup held only yesterday in the shared office space of the Primalbase initiative. ‘They’re still early adopters, but there’s a lot of people from Ede,’ says Marlies. Waves-lover Julf van Ee has already made the first purchase for WAVES at the restaurant, and another enthusiast, Camiel Tuinte, was the first enthusiast to talk to RUIG about Waves. The restaurant will even feature on Dutch TV later, hopefully resulting in a slew of interest for both Waves and RUIG. ‘Yesterday we were closed but the item will be shown this evening on Dutch television. So we expect the first customers tomorrow.’
Update: Dutch TV aired a news segment about RUIG’s decision to accept WAVES and also featured Sasha, who talked about Waves development and cryptocurrency more broadly. You can see the segment here (start from 20:20).
Waves Pre-Release GUI v 0.4.27
- Fiat gateway withdrawal instructions
- Leasing fees warning
Waves welcomes new CBDO Max Pertsovskiy
Max, who has a background in IT and start-ups, joins Waves as Chief Business Development Officer.
This week we welcome Max Pertsovskiy to the Waves team. Max will be Waves’ new CBDO — a critical role as Waves continues to expand and attract new businesses to its blockchain and ecosystem.
Max graduated from start-up academy Farminers and has worked on a number of IT projects in Russia. However, he is best known as CEO and founder of Green Garage — a maker space, electronic lab and learning centre where ‘technology meets art’.
Max is a firm believer in the new economy and looks forward to the opportunity of building relationships with new businesses and helping to expand the reach of the Waves platform across the globe. ‘This is a fantastic chance to make a huge impact on not just individual businesses, but the way we do business,’ says Max. ‘Green Garage was all about giving makers the tools to create and realise their own ideas — DIY is always best. The way that Waves decentralises finance does exactly the same at the funding level. It’s an empowering toolkit and I’m very excited to be able to put it into the hands of more entrepreneurs.’
‘We want to offer a warm welcome to Max. He comes from a strong entrepreneurial background and understands what start-ups and businesses are looking for,’ comments Sasha Ivanov, Waves CEO. ‘Max is a great addition to the team and we know that he will bring many more individuals and companies to the platform.’
WavesGo provides coin migration service with one-way gateway
The service will allow coins to move to the Waves blockchain — enjoying the security and features of a strong and diverse ecosystem.
WavesGo is pioneering a new service: a one-way gateway that will enable crypto coins to shift their infrastructure to the Waves blockchain.
There are a number of reasons why a coin’s community might wish to do this. An obvious use case is for coins that are struggling to maintain their own networks. Security is critical for any cryptocurrency, and if hashrate, miners and active nodes fall in number then a network might become unsustainable or unsafe to use. Although a cryptocurrency can survive with just a handful of nodes — even two or three — this is far from ideal and raises the risk of the blockchain being compromised.
Another reason would be to increase reach: migrating to Waves gives a coin access to the existing Waves community and expands its feature set, since it would allow a coin to trade on DEX against bitcoin, fiat and other tokens — and, in the future, give access to voting and smart contracts.
WavesGo has created a gateway that will enable such coins to migrate to the Waves platform. Coins are sent to the gateway, where they are burned (destroyed by sending them to an unspendable address) and swapped for Waves tokens. Once on the Waves network, they can be held, transferred and traded on the built-in decentralised exchange (DEX). Due to the features of the WAVES platform, it is not even necessary for users to hold WAVES to pay transaction fees — although many will choose to for convenience. Asset payments mean that transactions may be processed with fees paid in any token, and coins can be traded against BTC, WAVES or any other Waves token. (This is also true of the swap itself: the WavesGo node will process transactions out to Waves addresses.)
WavesGo is currently trialling the approach with CoExistCoin. To begin with, the team is targeting bitcoin clones, since the existing software is easily adapted to deal with these, though other blockchains are of course possible.
The procedure for the swap is detailed at http://www.wavesgo.com/CoExistSwap.html. It involves:
- The creation of a Waves wallet
- Sending coins from a local wallet to the swap address
- Registering details, including proof of ownership, with WavesGo, which will then complete the swap and credit the user with tokens on the Waves blockchain.
‘This is a straightforward process and extremely useful for the many smaller cryptocurrencies that have trouble maintaining their infrastructure and security, despite having dedicated communities and holders,’ comments Waves CEO Sasha Ivanov. ‘The WavesGo team have built a working protocol, which is currently being used successfully in its first application, and we look forward to seeing more coins joining the Waves community in due course.’
In addition to the trial with CoExistCoin,https://www.cryptopia.co.nz/News.
For more information or to discuss a coin swap, email [email protected].
Deloitte and Waves Platform to shape the future of blockchain
Deloitte CIS and Waves Platform, a leading developer of blockchain solutions, signed a memorandum on strategic partnership.
The partnership is aimed at providing clients with comprehensive initial coin offering (ICO) services and customized blockchain solutions tailored for specific business tasks.
Deloitte focuses on application of innovative approaches in its operations and realizes how important it is to develop the digital economy. Under this memorandum, Deloitte’s experts, who possess extensive legal and tax expertise in implementing technology projects, will provide the necessary consulting and methodology assistance to businesses and government bodies alike. We will also communicate long-term advantages and opportunities for the companies implementing digital technologies.
In addition to that, one of our objectives is to develop the legal mechanisms for regulating ICO projects. Curently no such mechanisms exist in the market. This will help the companies to safeguard themselves from project risks and challenges after they complete the initial offering of tokens.
Waves Platform will provide technology solutions for the introduction of digital economy tools. In addition, it will assist companies with prioritizing during their marketing campaigns to promote new products by selecting channels best suited for a successful project implementation.
“Blockchain technologies are gaining ground, already allowing start-ups, investors and other stakeholders to quickly raise significant funds in cryptocurrencies. However, the cryptocurrency market is relatively young, and not all the regulatory mechanisms are in place. This is why we are glad to cooperate with Waves Platform and are confident that our joint effort will help create the necessary conditions for putting together the legal framework for blockchain projects both in Russia and the CIS,” says Artem Tolkachev, Director of Legal Services for Technology Projects at Deloitte CIS.
“Our partnership is a significant step towards mass application of blockchain technology. Presently, blockchain companies are not regulated, as there is no existing legislation as such. Our strategic partnership with Deloitte will allow us to take active part in the formation of this regulatory landscape. It is important to join this process both for us and the entire blockchain industry in Russia and the CIS,” Waves founder and CEO Sasha Ivanov says.
BlockchainHack results powered by Waves, Moscow 1–2 July
Waves was a partner for the event, which saw a wide range of blockchain projects submitted by 25 different entrants.
Blockchain School, BTC media and Zerion organised the BlockchainHack, held on 1–2 July 2017 in Moscow.
Waves was a partner for the hackathon, which required entrants to create a blockchain-based project over the course of the weekend. Sergey Tolmachev, Back End Developer for the Waves Platform, delivered a master-class to all participants. He gave a technical overview of Waves, including token creation facilities and the DEX. Sasha was due to help judge the entries but had to withdraw due to illness, so Sergey took his place in the jury. Sasha commented, ‘I think it’s very important to develop and support the blockchain community in Russia. This is why we have held the 2nd blockchain hackathon in Moscow. We are looking for the best developers at the event and may even hire them for Waves.’
25 teams participated in the final:
1) Окно 2) ABX 3) Blockchain Palantir 4) LifeCoin 5) ICOлица 6) PIPCHAIN 7) ComentCraft 8) InnoTeam 9) ARTBIT 10) Wafer 11) memento coin 12) Jufy 13) NewAdsMedia 14) blockJudge 15) Evolve team 16) HungyDev 17) deq 18) DiskChain 19) life2film 20) Lapti 21) Сообщество 2.0 22) mydata.coin 23) Dream Team 24) Quid 25) Confideal
Prizes were awarded in WAVES, ETH and QTUM, another partner for the event.
100 WAVES — Life2film
300 WAVES — Blockchain Palantin
500 WAVES — ICO Faces
1,000 QTUM — BlockJudge 2,500 QTUM — Jufy
The top prize of 5,000 QTUM went to Wafer.
WAVES How to run an ICO
“One of the core Waves missions is to enable any business with development prospects, regardless of its size and geographical location, to run the ICO and raise funds for growth and development. We are deeply convinced that in the new digital economy, the ICO can compete with other tools for raising investment both in the high-tech industry and in the real sector and industry,” — Alexander Ivanov, CEO and founder of Waves.
The ICO is a fundraising mechanism, where future cryptocurrency, tokens on the Waves platform, is sold for current, liquid cryptocurrencies like Bitcoin, Waves and Ethereum. You receive bitcoins or another currency in exchange for your token. The project economics and integration of the token into the product should be described in detail on the website and in WhitePaper in advance.
To make your token popular and encourage the investors to buy it during the ICO, you need to use the token that is fully integrated into the company structure. Investors should clearly understand why the token will gain value along with the success of your company. The best option is to use a token sold at the ICO as an integral part of your system or app.
A token can be integrated for its subsequent crowdsale in nearly any business, but you have to answer the following questions in order to make sure that you really need blockchain and the ICO:
- Why do you need blockchain tokens? Does your product need blockchain? What advantages of the blockchain technology can your product enjoy?
- How can you functionally link a blockchain token to a product? Can you integrate it into your app?
- How can your token be of interest to investors? Is there a mechanism that links its value to the success of your product?
- How will your offer fit into existing laws? Don’t forget that you can’t sell shares within the ICO, otherwise it will be an IPO. You can’t guarantee any profit, as it will turn tokens into securities and you will need the SEC approval for this.
After you figure out how ICO works and which model suits you best, you can proceed to the technical matters and issues of the project wrapping.
Issuing a blockchain token and listing it on the exchange
First of all, please read general instructions on how to use the system.
- Create your wallet at https://waveswallet.io/. Don’t forget to save a password and, most importantly, a SEED phrase to restore the wallet. You can find more details on how to register in a separate manual.
- Think through the economics of your project. Decide how much you want to raise, how many blockchain tokens you will issue, how many you will retain for the team and sell within the Pre-ICO (if you decide to sell some of the tokens before the launch of the main ICO) and within the ICO. Decide in advance whether and in which case you will issue additional tokens.
- Go to the “Token creation” section in the Waves wallet and create your own token. This process is described in detail in a separate manual. Please adhere the instruction; before you release the main token, you can create a test one to see how it works. Please don’t include the name of your project in the title of the test token, because two similar tokens will confuse your users during the search.
- Now, in accordance with your economics, create sell orders for your token in exchange for the most popular currency pairs — Waves, Bitcoin, USD, EUR, CNY — on the DEX exchange in the Waves wallet, and thus raise funds for the project. Please read the separate manual for more information on how to work with DEX. Please note that all of the above real currencies are marked with a green tick in DEX and beware of counterfeit tokens.
- From a technical point of view, the addition of an investor’s personal account to your website can be an alternative to the method of your tokens distribution via DEX described in the clause 4. To develop it, you need to contact a specialized agency or look for contractors among members of the Waves Platform community in Slack. When choosing this method, you should realize that you will have to pay special attention to the safety of the personal account under development and take care of distributing your tokens to investors after the completion of the ICO in proportion to the contributions of each of them.
Now you are ready for the ICO (or at least for the Pre-ICO), but you need to wrap the product and your idea well before you start marketing.
- You will definitely need a website to run an ICO campaign. It will become the main source of information about your product for potential investors. More information on what the ICO campaign website should contain can be found in a separate instruction.
- WhitePaper is a key mechanism in the world of fintech and blockchain technology, which allows to briefly outline the technical features of the system under development, thus appealing to both experts and a wider community of enthusiasts and early adopters. WhitePapers are deprived of the usual attributes of promotion materials. They are aimed at experts and opinion leaders, professionals who are able to understand the technical essence of the product. Their opinion and understanding of the product are critical for its promotion. The information provided in the WhitePaper should be divided into sections. WhitePaper must contain the following description:
- essence of the project, prospects and roadmap;
- relevance of the project and the market it operates on;
- economics of the project and token.
An example of a well-written WhitePaper: https://wavesplatform.com/files/whitepaper_v0.pdf
Marketing the ICO campaign
Must-have and baseline activities:
Creation and administration of a thread on bitcointalk.org: It is impossible to establish a qualitative relationship with a key audience for the project, blockbuster enthusiasts, traders, investors, etc. without this activity. Administration of a thread on BitcoinTalk provides direct interaction with the target audience, enables to answer questions, dispel doubts, and introduce the audience to the developers. Announcement of the campaign on Bitcointalk is a must-have part of the program. You will receive many reviews — not all of them will be positive, but they will help you to improve your project.
Examples of popular and well-designed threads on bitcointalk: https://bitcointalk.org/index.php?topic=1387944.msg14102527#msg14102527 https://bitcointalk.org/index.php?topic=1832477.0 https://bitcointalk.org/index.php?topic=1887079.0
Administration of communities in social networks and pages on blog platforms (Facebook, Twitter, Medium): A decent ICO campaign requires comprehensive administration of social networks and timely coverage of all news, appearances in mass media and detailed campaign information in all the accounts. In Medium, you should operate a blog for the project, tell about the project, the ICO terms and conditions, the market and the prospects of your project. In addition, the Medium blogging platform is a good place to post the FAQ.
Organization of the community and discussions in Slack and Telegram: Slack and Telegram chats are some of the most important channels in communication with the community, as users can communicate with the project’s founders, team members and between each other there. These channels must be monitored on a regular basis, all the questions raised by users must be answered in time, dispelling any erroneous guesses or unfounded accusations.
Other important activities:
Bounty campaign: this activity allows to motivate the users of your product for various promotional activities for your project in exchange for a reward in tokens. Bounty can be very versatile and includes a Signature campaign on bitcointalk, administration of local branches on bitcointalk, social bounty, bounty for email subscription, as well as bounty for blog posts and media.
It’s better to consider specific examples for each bounty type: https://bitcointalk.org/index.php?topic=1861465.0 https://bitcointalk.org/index.php?topic=1839336.0 https://bitcointalk.org/index.php?topic=1887079.msg18745331#msg18745331
PR in the mass media: It is important to cover the ICO campaign in the media as much as possible. The most tangible PR effect is obtained from building the long-term relations with reporters. In this case, the launch of the PR campaign should be scheduled at least 3 months before the launch of the ICO. In the context of tight deadlines for the ICO preparation (less than two months), it makes sense to cooperate with the mass media on commercial terms.
PR Manager secures the promotion of the project in the media, introduces the profile journalists with the project and its founders, positions the ICO team as a successful, competent and reliable partner. The key PR instruments for the PR support of the ICO are following: press releases and post-event releases, publications in the media, speeches on the radio and TV, PR events, copywriting of information materials. Preliminary preparation of speakers for efficient communication with reporters is arranged, if necessary.
Targeted ads on Facebook, Twitter, Reddit and contextually targeted advertising on Google and Yandex. It’s important to set the proper targeting at users who are interested in cryptocurrency.
Adding ICO to ICO trackers. ICO tracker is a website which lists the future, current and past ICOs, with all the project data and enabling the users to subscribe to the alert about the launch of a specific ICO.
Team for the ICO campaign
In most cases, you will need:
- A Project Manager — a person who monitors everything as a whole and is responsible for ensuring all the work being done qualitatively.
- 2 Community Managers — managers who respond to all the community questions through all communication channels 24/7
- 1 Bounty Manager — the one who leads the bounty program and can be the same person as the Community Manager
- A PR Specialist — a mass media manager
- An Editor — you will need a lot of texts for the blog and the media about your product and the market you want to enter; besides, you will need to cover all the ICO news in great detail — this is where an editor is required.
- A Context and Targeting Specialist — the result of your campaign will be significantly improved if you purchase ads of your website in Facebook, Google, Reddit and YouTube. But don’t forget about narrow targeting exclusively at the audience interested in cryptocurrencies.
- And also a number of specialists who are involved for specific tasks: development of the ICO website, design, etc.
- The mastermind behind the project should pay special attention to their own social activities, because it is important that the community can see their real participation in the life of the project and interest in its success at all stages.
- Decide on the duration of the ICO and discounts for the first investors. Do not stretch the time — one month is more than enough. If you need to raise a certain amount of money, it can happen much faster — the ICO will be completed once you have reached your goal. It took only 15 minutes for some projects to do this.
- Stay positive — you work with people and for people. Meet the demands of the community, try to take all their proposals into consideration. Don’t forget that in case of the successful ICO you will have at least several thousand investors, and all of them will express their opinion and ask questions. Never lose temper. If you do not like communicating with people, the ICO is not for you.
- Conduct a global international ICO campaign, because local campaigns are usually not that successful.
ICO target audience:
- People who will use your product and buy a token integrated into it with this purpose. Also, people who liked the project and they decided to become a part of its community. This is the most valuable audience — in fact, you get loyal users and customers along with investment. This is possible in the ICO only.
- Long-term and short-term investors — speculators. The former will enter the campaign on its first day and hold a token for a long time. The latter will enter the last day and sell the token immediately at the first growth once it is listed.
- Gamblers, who invest in many ICOs in general (there are not many of them).
https://blog.wavesplatform.com/iconomy-0-how-to-run-an-ico-3ef3a7f747e https://blog.wavesplatform.com/app-tokens-revolution-cats-are-coming-bfa8e9b26ef https://cointelegraph.com/news/ico-three-ways-of-conducting-it-and-how-companies-choose-one
Waves Pre Release GUI V0.4.29
- Changed payment window width for the recipient's address to fit
Waves appoints new Head of Product Design
Igor Pugachevskiy has over a decade’s experience in design, including the last four in the fintech industry.
Alongside a series of recent high-profile hires, Waves is also welcoming a new Head of Product Design this week.
Igor Pugachevskiy has extensive experience in the field. He started out at Art. Lebedev Studio, a renowned industrial and graphic design studio founded by Artemy Lebedev in 1995. Since then he has worked at Yandex.Money, Russia’s largest electronic payment service; Ozon.Travel, Russia’s foremost online travel agency; and Tinkoff bank. He was an art director at Ozon and SuperJob.
Over the last four years, Igor has gained in-depth experience of the fintech industry, including developing trading systems and instruments for financial institutions. He was an early adopter of blockchain technology.
‘Blockchain is a communication environment,’ he explains. ‘I am inspired to find opportunities to use technology to solve previously unresolved problems, to open new opportunities and directions for the development of human individuality and entrepreneurship. I am infinitely grateful to join Sasha Ivanov’s team. Working on Waves is an opportunity to implement the best communication experience, making it convenient, accessible and useful for everyone.
‘The core value of Waves is a large community of progressive and modern people distributed around the world, united by a common belief in technology and cryptography. I cannot wait to meet and communicate with each of you, to hear your ideas, thoughts and comments. Together we will improve our present and create the future. We have chosen a difficult and fascinating path, in which absolute transparency, honesty and security are our main priorities.’
‘A very big welcome to Igor, who joins our expanding Moscow team,’ says Sasha. ‘We are hiring the very best talent from the relevant industries to make Waves the pre-eminent custom tokens blockchain platform — in Russia and throughout the world. As we see our community growing rapidly, it is very encouraging to see the future of Waves in such good hands.’
How Waves contributes to blockchain legitimization on a scale of Russia and the CIS
Sasha Ivanov, the founder and CEO of the Waves blockchain platform, was one of the speakers at “The Explosive Impact of Blockchain Technology” session at the St. Petersburg International Economic Forum that was held in early June.
The declared topics were discussed at the highest state level: along with Sasha, a number of representatives of the authorities and financial institutions participated in the panel: Minister of Communications and Mass Media of the Russian Federation Nikolay Nikiforov, Deputy Governor of the Central Bank of the Russian Federation Olga Skorobogatova, First Deputy Prime Minister Igor Shuvalov, Ethereum Founder Vitalik Buterin, and others. The SPIEF participants greeted Blockchain technologies fairly positively, and the market almost immediately reacted to the Waves founder’s speech: the price of the platform tokens almost doubled, from $2.5 per token in late May to $4.5 with a peak of $6.83 in early June.
Keynotes voiced within the SPIEF walls were the introduction of blockchain to the real world and the growing interest in this tool both from the government officials and ordinary citizens. The introduction of blockchain technologies and blockchain-based solutions, growing popularity of ICO as a fundraising tool and the paradigm of total decentralization are comparable to the development of the Internet in the 1990s in importance; the states, which were faster than others in developing this field, found themselves at the forefront of innovation and took a dominant position in the world.
However, the expert blockchain initiatives by Sasha Ivanov this year were not limited to participation in the SPIEF session only.
In late January 2017, Ivanov presented Waves at the conference “Cryptocurrency Regulation in Russia: Interim Results”, where participants responded to questions from industry users and entrepreneurs. Representatives of the State Duma and other committed government agencies took part in the event, along with representatives of blockchain platforms and businesses (Sberbank, Microsoft, QIWI).
The first significant experience of interaction with political organizations of the Russian Federation was the Waves project to create a wallet for the discussion platform of “The Growth Party” called “People of growth”. With the help of the Waves-powered solution, any user of the “People of growth” portal gets access to a digital wallet that allows to make transactions to other site participants in the internal cryptographic tokens, Upcoins. A loyalty program has been developed to motivate community members, based on the Waves solution within the “People of growth” platform. In the future, developers will add the function to make operations in other cryptocurrencies to the payment functionality of the wallet. The main goal of the Waves solution is to encourage activity within the “People of growth” community.
In June, Waves and “The Growth Party” agreed to launch a business incubator to raise investment for SMEs using the ICO model. After all, this way of investment raising has already proved itself by the example of several domestic projects from the real sector. For example, the “Kolionovo” farm managed to attract $500 thous. of investment for development.
After his speech at the SPIEF, Sasha Ivanov spoke at the conference dedicated to investing through ICO and held at the country’s main innovation site — Skolkovo. In the course of the question-and-answer session, Sasha explained to the audience how ICOs work as a tool for raising investments, and also told about the prospects of this method and the role of blockchain technologies in the collective funding of the future.
A conference held over June 14–15 in Astana, the capital of Kazakhstan, was another site for discussing the future of blockchain technologies at the state level. The event was attended by representatives of the cryptographic, financial and energy communities.
The leadership of Kazakhstan, a partner state of Russia in the Customs Union, is putting a lot of effort into introducing innovation and developing the fintech industry. During his visit, Sasha not only spoke at the conference, but also talked to representatives of government agencies. Earlier, the authorities of Kazakhstan demonstrated interest in innovations in practice by issuing the bonds on blockchain in test mode. “In the future, these solutions can be used to float other securities — for example, those targeting retail investors,” claimed representatives of the Central Bank of Kazakhstan.
Before the trip to Kazakhstan, Sasha also met with government officials of the Republic of Belarus in Minsk. This fact confirms that even states with more conservative leadership show interest in such innovation.
On July 4, the blockchain platform Waves signed a memorandum of partnership with the audit and consulting company Deloitte, which is part of the Big Four. The goal of the partnership is legal and tax consulting for ICOs of enterprises engaged in the issuance and crowdsale of tokens on Waves.
Blockchain technologies have gone far beyond the field of interest of enthusiasts in the past few years. The future of the financial industry and the place of blockchain in it are being discussed not only at the meetups and industry-specific conferences now, but also at the highest state level throughout the world. Waves blockchain platform plays a significant role in this process, interacting on the issues of regulation and implementation of blockchain-based solutions with government officials both on the scale of the Russian Federation and the entire CIS region.
Waves Release Test net 0.7.2
- New network layer
- Data storage optimizations
Internal data structures in
peers.datwere changed, please, remove those files before starting this version. Default file locations were changed. Some configuration parameters were removed and few were added. Please refer to Whats new in version 0.7.2 document to change your existing configuration file accordingly.
Waves Pre Release GUI V0.4.30
- Added Ethereum wallet and enabled Etereum gateway
- Hid names of non-verified assets in DEX
- Fixed memory leak in the UTX pool requests
Waves launches Ethereum gateway
The gateway will enable users to store ETH and trade it against other tokens on the DEX.
Having successfully launched bitcoin, USD and EUR gateways, Waves has now implemented an Ether gateway within the lite client — opening more possibilities for decentralised trading.
The Ethereum gateway will work in a similar way to the existing bitcoin gateway: users will send ETH to the given address within the client and will receive a Waves token in return. These tokens will be backed 1:1 with Ether, and can be withdrawn and exchanged for ETH at any time.
Meanwhile, whilst they remain within the Waves blockchain ecosystem, the Waves ETH tokens can be stored securely and transferred with the speed and low cost of the Waves network. In particular, it will be possible to trade them against other Waves tokens — including WBTC and WAVES itself. This means that users will be able to trade ETH peer-to-peer on DEX, against BTC, WAVES, USD and EUR, as well as any other token. Thanks to Waves’ centralised order matching, the DEX approaches the speed of a traditional exchange, but with the security of blockchain settlement.
‘We’re really pleased to add another gateway to the Waves client,’ comments Sasha Ivanov, Waves CEO. ‘Ethereum is the foremost blockchain platform after bitcoin itself, and it’s important to be able to offer users the opportunity to trade ETH on a decentralised exchange. In due course we’ll be adding more coin gateways, broadening our appeal and allowing not only trading but Waves crowdsales that collect a whole range of cryptocurrencies directly.’
The Ethereum (ETH) gateway is now live in the lite client.
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