Waves Raise Close to $1m at the Start of the Crowdsale Campaign

News and Analysis

In less than four hours of today’s tokens pre-sale, blockchain platform Waves has demonstrated impressive efficiency by raising in excess of 2,000 BTC.

The ICO has been launched earlier today, at 12 a.m. GMT.

The platform’s counter stood at 2,198 BTC (around $938,721).at press time. The amount has been raised during three and a half hours.

Earlier the Waves team stated that those purchasing tokens on April 12 would automatically get a 20% bonus. Those who buy the tokens during the period of April 13 to 30, will have a 10% bonus while the rest of the participants will get a 5% bonus. Upon the ICO’s completion later in May, 85 million tokens will be proportionally distributed among the investors.

Waves intends to create a decentralized Kickstarter killer. The platform is expected to become a successful rival to existing crowdfunding platforms. The team stresses that Waves is not another cryptocurrency, but a blockchain system with strictly defined functionality.

Notably, the project has already haunted some community members. Thus, entrepreneur and former CEO at Ethereum Charles Hoskinson has posted an irate tweet concerning the ongoing crowdsale:

Bitcointalk users have been actively discussing the statement with some reminding Hoskinson that crypto-community is an open source code space, so using platforms to develop a project is actually a good thing, while calling his resentment is precarious thing. Moreover, some users wondered why Hoskinson withheld his statements until the actual start of the crowdsale.

ForkLog will be following developments.

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