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    Bitcoin Miner Ares's Avatar
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    Re: Bitcoin cash BCH

    Quote Originally Posted by Neuro View Post
    Just a few questions I saw there was exactly 100 million waves in circulation, does that mean, that there is no mining to generate coins?
    Correct, they use PoS (Proof of Stake) instead of PoW (Proof of Work).

    All of them started of belonging to the creators? How many are still in the hands of the creators in that case? Could they create more?
    They cannot create more that I am aware of. Even Ethereum is planning on capping Ether at 100 million tokens, and Sasha modeled Waves after Ethereum, just improved upon it. Ethereum is still trying to figure out how to switch from PoW to PoS where no more coin generation will take place.

    WAVES ICO STRUCTURE AND TIMELINE
    Waves ICO will commence on April 12, 2016 and end on May 31, 2016
    The total tokens supply stands at 100 milllion.
    15 million tokens are reserved for bounties and the development team in the following proportions:
    - 1 million tokens will be distributed to early supporters. Please check additional details below.
    - 1 million tokens are reserved for post-ICO bounties.
    - 4 million tokens are reserved for strategical partners and backers
    - 9 million tokens are withheld by the development team.
    The remaining 85 million tokens will be distributed in lCO procedure to participating users based on their contribution in the total amount of the raised funds. The sale procedure will be taking place at a special crowdsale website.

    https://medium.com/@wavesplatform/wa...e-aa2f7ceca43e

    WAVES is already partnered with Deloitte to assist in ICO's: https://www2.deloitte.com/ru/en/page...lokchejna.html

    Waves is also partnered with Microsoft:

    https://azure.microsoft.com/en-us/bl...re-blockchain/
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    Neuro (23rd November 2017)

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