Q: What is so special about this coin? Can you explain in simple terms please.
A: Basically we want to move payment systems and crowdfunding to blockchain. There will be USD/EUR/CNY in your wallet and a crowdfunding platform so it’s like a decentralized kickstarter the end-user client is very lite weight, no need to download blockchains, you just install it from Chrome store.
Q: Will CAD be supported on the platform also ?
A: Yes I think we could do it. Canada is no problem regarding compliance, not so for US of course but we’ll be able to do USD, no problem with that.
Q: How is Waves affected by IVTS regulations ?
A: As for regulations, if all is fine we’ll be registering a UK company with financial license and a WAVES foundation company in some offshore jurisdiction or quasi offshore, like Holland. if ICO is successful maybe Swiss company.
Q: Will investors need to have KYC done?
A: KYC/AML is needed to deposit and withdraw fiat. For crypto no, it’s going to be like MGW SuperBTC.
Q: What are the total number of coins?
A: 100 mil.
Q: I just want to know the price of Waves tokens.
A: it will depend on the total funds collected, 85 mil tokens will be distributed among all the ICO participants based on their contribution.
Q: Will you put any type of smart contract in place that the large developer fund-allocation, can not be released until specific conditions are met (time, marketcap, votes etc)?
A: It’s in the works, we’re considering several escrow options now. We will be moving forward quite fast, our
goal is to have mainnet up and running in late Summer.
Q: Similar to Augur, will traders be able to buy/sell prior to the mainnet being launched? Augur handled that with a developer on /reptrader acting as escrow.
A: Yes, right after the ICO ends you’ll be able to trade the tokens.
Q: Will the client be available at the end of the ICO so that we can begin to stake immediately?
A: Light client will be available, but in testnet only for the first few months. So you can trade ICO tokens in exchanges once ICO finishes, but not stake with them yet. The crowdfunding tokens can be traded at decentralized NXT Asset Exchange and centralized exchange partners before the Mainnet launches. After its launch they will be converted to corresponding WAVES balances.
Q: “We will offer a light weight chrome plugin for end-users, full node carrying the full blockchain will be run on a separate software module.” Does that mean that the chrome plugin users will not download the full blockchain?
A: The Chrome plugin will not require a full chain download.
Q: How are the plans to secure the Account on Waves ? Passphrase ? 2FA ?
A: Liteclient will be secured by a password at launch, with 2FA added later.
Q: How will the ICO be?
A: Via the website with BTC. We’re gonna have all ICO sells written into ETH contract.
Q: Sasha what would more BTC mean for the time line? Inefficiencies comes from too much money most of the time.
A: Well if the crowdfunding is successful I’ll go full compliace route, will do a financial license in UK etc. part of the vision here is fiat assets, fiat should be backed by a centralized service.
Q: Do you (at least) have an estimated launch time? How long (more or less) will it take for your awesome coin to be distributed?
A: I make an emphasis on fast development. So the full launch will be in late summer 2016. I want to make the crowdsell in stages, it’ll take about two months.
Q: Will there be a whitepaper?
A: Yes, there’ll be several the first one will be published this month, more general. Then there’ll be three technical published later this year, concerning TX level, POS implementation and reputation system.
Q: Who are the NXT developers involved in WAVES?
A: Devs involved: Tosch and JL777 advising. Project leader, Coinomat at NXTforum.
Q: What programming language will be used to develop the platform?
A: Full node client will be built is Scala, on Scorex platform Lite, end-user, client will be in JS. Also there most probably will be a full-node C++ client too.
Q: One sentence or two what Waves is?
A: Cryptocurrency platform with emphasis on custom token creation, transfer and decentralized trading, with deep fiat integration and focus on community-backed projects.
Q: So Waves is similar to Ripple? what will be the difference?
A: Waves is similar to Ripple in only one thing — approach to handling fiat. As in Ripple fiat assets will be backed by third-parties, payment systems, and banks. We will have fiat tokens on our blockchain right at launch, talking to several payment systems now about it.
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