Waves (WAVES) is Solving the Problem With Ethereum’s ICOs and Smart Contracts

smart contracts

Ethereum blockchain became notable as the platform where blockchain startups issued tokens through Initial Coin Offerings. Ethereum’s ERC-20 token standard became popular as it supports the creation of smart contracts. But it has not been all rosy.

Certain problems have been associated with issuing tokens and creating smart contracts on ethereum blockchain. Some of the problems identified are slow transaction speeds, expensive transaction fees and the issue of scalability.

While the Ethereum team grapples with these problems, developers are seeking better platforms to launch their tokens and smart contracts. Some projects like KIK originally launched on ethereum are moving to other platforms.

Waves (WAVES) is one of the platforms that offers developers a better alternative to ethereum for ICOs and smart contracts. The platform which promises to revolutionize business funding, allows anyone to create their own crypto token and sell it in the open market.

Why launch you ICO on Waves Platform

  • Wave platform is cost efficient

When a developer decides to launch an ICO, he is left with two options; to create a custom blockchain or create on an existing blockchain. Waves provides a network where the developer can issue tokens for sale without having to spend a fortune. Waves is not only cost efficient, it offers flexible trading pairs for the token and is relatively scalable.

  • Waves offer a Decentralized Exchange (DEX)

With Waves DEX, users on the platform can easily trade their tokens after launch. This feature, which is not available in many similar platforms, makes it easier the new tokens to be widely adopted.

  • Waves is a user-friendly platform

Waves platform is notable for its simplicity and ease of use. To create and ICO on the network, you only need to create an account on the system. The registration process takes about 5 minutes.

  • Waves is fast and scalable

With a transaction speed of over 1000 transactions per second, developers need not worry when creating and running their decentralized apps (DApps) on the network.

  • Waves (WAVES) Token Price Watch

As the token that powers the Waves platform, WAVES is used to pay for DApps and to reward developers who create DApps on the network. It was introduced via an ICO in June 2016 where 100 million WAVES were issued at $1. WAVES is currently trading at $3.52 with a market cap of $352,455,000 and still with a total of 100,000,000 WAVES in circulation.

Solomon Sunny is the market reporter for Smartereum, one of the global leaders in Ethereum, blockchain and currency news. He produces technical price updates on digital currencies and writes recent developments about blockchain.

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