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Topic: WAVES. Ultimate crypto-tokens blockchain platform. - page 460. (Read 2389197 times)

sr. member
Activity: 438
Merit: 250
sr. member
Activity: 434
Merit: 250
I wonder if BTC will  dump after it reaches 1000. What if this is just resistance point and once it goes over 1000 there is no limit? Bad for all alts.
sr. member
Activity: 417
Merit: 250
Waves community token



Waves platform is all about custom application tokens and community based projects. Now, once we have basic token functionality, we start building crowdintelligence-based mechanisms for projects approval and screening. It should engage the community to monitor and vet the upcoming projects, and provide more exposure to valid projects. You might consider it to be some sort of DAO with enhanced security through a certain degree of centralization.
The Waves Community Token (WCT) is intended to provide a tool for community assessment of crowdfunding campaigns launched on the Waves platform and incentivize long-term holding by providing an additional income stream for WAVES token holders in the form of regular asset distributions. WCT will be a virtual community organization. It will be launched in several stages based on the technical maturity of the Waves platform.
Projects launching tokens on the Waves platform can request different services, exchanging these for a certain share of their overall token issue, which will be distributed to WCT asset holders as rewards.

Services include:

- Business side verification
- Proof of Concept verification
- Token specs advice
- Help with testing
- Help with product and services integration
- An introduction to community

Based on current functionality the first stage of asset implementation will be as follows:
WCT will be distributed in stages over a period of 9 months to all Waves holders excluding exchanges. Distribution will take place on the 15th of each month based on a snapshot of WAVES balances. 20% of all WCT assets will be distributed in the first month, with 10% distributed each subsequent month. In this way WCT will constantly add value to all active holders.
The next phase of WCT operation will involve using the upcoming voting functionality. WCT holders will be able to vote for different projects. This will provide some level of community-based KYC and screening.Thus WCT aims to reward long-term holders, incentivise community engagement and provide added value to new projects hosted on the Waves platform.
The first distribution of 20% of all WCT tokens will take place on January, 15 2017. It will be distributed to all waves addresses excluding exchanges proportional to their balance.

https://blog.wavesplatform.com/waves-community-tokens-e9e8b5db0b49#.tntto4bcd

You say that WCT will only be distributed to holders with WAVES in a non-exchange wallet. Does that also include those who haven't bothered to move their coins from the ICO wallet? If they can't be bothered to even do that then it shows the same lack of involvement, perhaps even more so, as those who haven't taken a few minutes to move coins off of an exchange. It requires maybe a few minutes to move coins into long term storage and if you are too lazy to do that then I wouldn't want you to vote.

All ICO payments are always come from this (Waves Genesis) address - http://wavesexplorer.com/address/3PAWwWa6GbwcJaFzwqXQN5KQm7H96Y7SHTQ

So, those members who still have not withdrawn their ICO tokens will not be able to participate in WCT.

This is the right way to do it. Perhaps you could add this to the official or the future announcements regarding WCT? All it says it that people with WAVES that are not on exchanges will not get voting tokens. The ICO wallet is technically not on an exchange, right?
sr. member
Activity: 462
Merit: 251
Waves community token



Waves platform is all about custom application tokens and community based projects. Now, once we have basic token functionality, we start building crowdintelligence-based mechanisms for projects approval and screening. It should engage the community to monitor and vet the upcoming projects, and provide more exposure to valid projects. You might consider it to be some sort of DAO with enhanced security through a certain degree of centralization.
The Waves Community Token (WCT) is intended to provide a tool for community assessment of crowdfunding campaigns launched on the Waves platform and incentivize long-term holding by providing an additional income stream for WAVES token holders in the form of regular asset distributions. WCT will be a virtual community organization. It will be launched in several stages based on the technical maturity of the Waves platform.
Projects launching tokens on the Waves platform can request different services, exchanging these for a certain share of their overall token issue, which will be distributed to WCT asset holders as rewards.

Services include:

- Business side verification
- Proof of Concept verification
- Token specs advice
- Help with testing
- Help with product and services integration
- An introduction to community

Based on current functionality the first stage of asset implementation will be as follows:
WCT will be distributed in stages over a period of 9 months to all Waves holders excluding exchanges. Distribution will take place on the 15th of each month based on a snapshot of WAVES balances. 20% of all WCT assets will be distributed in the first month, with 10% distributed each subsequent month. In this way WCT will constantly add value to all active holders.
The next phase of WCT operation will involve using the upcoming voting functionality. WCT holders will be able to vote for different projects. This will provide some level of community-based KYC and screening.Thus WCT aims to reward long-term holders, incentivise community engagement and provide added value to new projects hosted on the Waves platform.
The first distribution of 20% of all WCT tokens will take place on January, 15 2017. It will be distributed to all waves addresses excluding exchanges proportional to their balance.

https://blog.wavesplatform.com/waves-community-tokens-e9e8b5db0b49#.tntto4bcd

You say that WCT will only be distributed to holders with WAVES in a non-exchange wallet. Does that also include those who haven't bothered to move their coins from the ICO wallet? If they can't be bothered to even do that then it shows the same lack of involvement, perhaps even more so, as those who haven't taken a few minutes to move coins off of an exchange. It requires maybe a few minutes to move coins into long term storage and if you are too lazy to do that then I wouldn't want you to vote.

All ICO payments are always come from this (Waves Genesis) address - http://wavesexplorer.com/address/3PAWwWa6GbwcJaFzwqXQN5KQm7H96Y7SHTQ

So, those members who still have not withdrawn their ICO tokens will not be able to participate in WCT.
sr. member
Activity: 417
Merit: 250
Waves community token



Waves platform is all about custom application tokens and community based projects. Now, once we have basic token functionality, we start building crowdintelligence-based mechanisms for projects approval and screening. It should engage the community to monitor and vet the upcoming projects, and provide more exposure to valid projects. You might consider it to be some sort of DAO with enhanced security through a certain degree of centralization.
The Waves Community Token (WCT) is intended to provide a tool for community assessment of crowdfunding campaigns launched on the Waves platform and incentivize long-term holding by providing an additional income stream for WAVES token holders in the form of regular asset distributions. WCT will be a virtual community organization. It will be launched in several stages based on the technical maturity of the Waves platform.
Projects launching tokens on the Waves platform can request different services, exchanging these for a certain share of their overall token issue, which will be distributed to WCT asset holders as rewards.

Services include:

- Business side verification
- Proof of Concept verification
- Token specs advice
- Help with testing
- Help with product and services integration
- An introduction to community

Based on current functionality the first stage of asset implementation will be as follows:
WCT will be distributed in stages over a period of 9 months to all Waves holders excluding exchanges. Distribution will take place on the 15th of each month based on a snapshot of WAVES balances. 20% of all WCT assets will be distributed in the first month, with 10% distributed each subsequent month. In this way WCT will constantly add value to all active holders.
The next phase of WCT operation will involve using the upcoming voting functionality. WCT holders will be able to vote for different projects. This will provide some level of community-based KYC and screening.Thus WCT aims to reward long-term holders, incentivise community engagement and provide added value to new projects hosted on the Waves platform.
The first distribution of 20% of all WCT tokens will take place on January, 15 2017. It will be distributed to all waves addresses excluding exchanges proportional to their balance.

https://blog.wavesplatform.com/waves-community-tokens-e9e8b5db0b49#.tntto4bcd

You say that WCT will only be distributed to holders with WAVES in a non-exchange wallet. Does that also include those who haven't bothered to move their coins from the ICO wallet? If they can't be bothered to even do that then it shows the same lack of involvement, perhaps even more so, as those who haven't taken a few minutes to move coins off of an exchange. It requires maybe a few minutes to move coins into long term storage and if you are too lazy to do that then I wouldn't want you to vote.
legendary
Activity: 1512
Merit: 1015
Stop crying trolls and fudsters.

Waves is doing awesome check other coins

for example Synereo AMP from 40k ico price now 3500 sats, just imagine if you bought 10 btc of AMP, now you have 1 btc worth.

So, yes, Waves is not doing bad with Btc at 1000 usd  Grin

That is a good example with AMP but how much lower are we heading before BTC stops.. I think most alts are going to keep heading down for the time being, Waves being one.
legendary
Activity: 986
Merit: 1001
Stop crying trolls and fudsters.

Waves is doing awesome check other coins

for example Synereo AMP from 40k ico price now 3500 sats, just imagine if you bought 10 btc of AMP, now you have 1 btc worth.

So, yes, Waves is not doing bad with Btc at 1000 usd  Grin
sr. member
Activity: 364
Merit: 250
It is kinda disheartening to see how waves token is performing at the market. Now below ICO how can investors have confidence on this. The flip side is newcomers will have the opportunity to buy waves so cheap.

It's ok Sasha said he would support the price. With barely any buys at the beginning.

He also said 30k btc he does not need. I mean 25k btc are sitting. It's ok too.  Roll Eyes

Everything is alright, it's such a great buy in opportunity also think Sasha.
hero member
Activity: 910
Merit: 1000
It is kinda disheartening to see how waves token is performing at the market. Now below ICO how can investors have confidence on this. The flip side is newcomers will have the opportunity to buy waves so cheap.
sr. member
Activity: 417
Merit: 250
Waves community token



Waves platform is all about custom application tokens and community based projects. Now, once we have basic token functionality, we start building crowdintelligence-based mechanisms for projects approval and screening. It should engage the community to monitor and vet the upcoming projects, and provide more exposure to valid projects. You might consider it to be some sort of DAO with enhanced security through a certain degree of centralization.
The Waves Community Token (WCT) is intended to provide a tool for community assessment of crowdfunding campaigns launched on the Waves platform and incentivize long-term holding by providing an additional income stream for WAVES token holders in the form of regular asset distributions. WCT will be a virtual community organization. It will be launched in several stages based on the technical maturity of the Waves platform.
Projects launching tokens on the Waves platform can request different services, exchanging these for a certain share of their overall token issue, which will be distributed to WCT asset holders as rewards.

Services include:

- Business side verification
- Proof of Concept verification
- Token specs advice
- Help with testing
- Help with product and services integration
- An introduction to community

Based on current functionality the first stage of asset implementation will be as follows:
WCT will be distributed in stages over a period of 9 months to all Waves holders excluding exchanges. Distribution will take place on the 15th of each month based on a snapshot of WAVES balances. 20% of all WCT assets will be distributed in the first month, with 10% distributed each subsequent month. In this way WCT will constantly add value to all active holders.
The next phase of WCT operation will involve using the upcoming voting functionality. WCT holders will be able to vote for different projects. This will provide some level of community-based KYC and screening.Thus WCT aims to reward long-term holders, incentivise community engagement and provide added value to new projects hosted on the Waves platform.
The first distribution of 20% of all WCT tokens will take place on January, 15 2017. It will be distributed to all waves addresses excluding exchanges proportional to their balance.

https://blog.wavesplatform.com/waves-community-tokens-e9e8b5db0b49#.tntto4bcd

Weird concept. Why can't Waves do all the above?

Distribution of a voting token is a way to target the specific portion of investors who are engaged enough to care about the issues surrounding WAVES. Many have never actually made a transaction to or from a wallet. Lots of coins have been purchased on exchanges without being sent anywhere. The people who own those WAVES are much less likely to follow news or have any interest in the goings on around the ecosystem. By issuing tokens to active members of the community you will have a bigger chance of them being used by informed individuals who can make better decisions in the voting process. Somebody who just buys a few and leaves them sitting in an account somewhere probably isn't the type whose votes would be very beneficial. This is a simple method of doing vote qualifications which will positively impact the effectiveness of the electorate.

Don't listen to the trolls who have no idea what they are talking about in this thread. They said full nodes would never be released. Price was supposed to be around $0.01 by now. Nobody involved has a clue about advertising even though they got more initial funding than Ethereum. Financials supposedly look horrible even with 20,000 BTC still provably sitting in reserve with about $5million in liquid cash and a burn rate of barely over $100,000/month. They talk crap for one of three reasons: 1) They are paid to shill against WAVES for the benefit of a competing crypto 2) They own some altcoins and want the money invested in WAVES to flow into other blockchains or 3) They are slowly accumulating for themselves and want the lowest buy-in price possible. Even the most deranged troll wouldn't waste time coming to a boring site like bitcointalk unless money was involved.

There are really just two bad things that have happened thus far in the project. One is a minor issue that is being blown way out of proportion and the other is actually a problem. Sasha sent out two tweets about Poloniex, one critical and another rude, about them not taking on WAVES yet. Trolls are treating it like he was throwing around racial slurs and calling for murder. Since then he has apologized and not repeated the mistake. As much as some would like us to judge people and companies by one or two inappropriate tweets it is my choice to not let social media control my decisions to such a degree.

The other bad move has been the announcement of deadlines that were not upheld. I can forgive the initial road map being changed because I've been around long enough to see how unpredictable the development of this type of technology can be at times. What makes this a serious issue is that new deadlines were set and also not upheld. When I first looked into WAVES there was a big question about whether or not anything would ever come to fruition. Was this all just a scam? Are they going to take the BTC and head for the Caribbean like some were saying? We found out that wasn't the case and there is actually a team of employees in Russia and other countries working to build what was promised.

Why do I care about any of this? Because I decided to start trading crypto four years ago and knew right from the start that the biggest missing piece of the puzzle was decentralized exchanges. Luckily I didn't lose any coins in Mt.GOX but unfortunately lost some due to other hacked exchanges. It is preposterous that we are forced to hold in online wallets just to be able to trade what is supposed to be a decentralized digital asset. There have been previous attempts to make a DEX but all have failed thus far. Sasha had a great idea in that you can have a centralized matching engine with decentralized settlements. Not only does this mean your coins can't be stolen out of their wallet but it is also a way to avoid the extremely tight limits on withdrawals. Right now the largest altcoin exchange, Poloniex, has a $25,000 per day maximum limit and that is only if you give them your ID and SSN. That's absolutely ridiculous considering there are whales on there right now putting up buys and sells for thousands of BTC at a time. It would take you over a month just to get 1,000BTC out of there and possibly several months for some of the larger whales.

Decentralized exchanges are badly needed if bitcoin or any cryptocurrency is ever going to make good on the concept of a worldwide decentralized economy. Is WAVES going to be the platform to do it right? I don't know, but they have the best approach so far. I couldn't give a damn about a couple tweets and some non-critical scheduling blunders. Go take a look at the competition. BitSquare or the DEX running on Ethereum are plain awful which is why their volume is just a few thousand dollars per day even though they've been operating for months already. I'd love to be able to use them but they just don't offer the tools that traders want. Hopefully WAVES or something else can pull through. Either way, don't let whiny, vitriolic trolls affect your decisions.
legendary
Activity: 1052
Merit: 1004
GO GO WAVES... Cheesy Cheesy SOON 15K ... Wink AND TIME TO BUY AGAIN   Grin Grin

Why 15k and not 10k? I still believe  Cool
sr. member
Activity: 420
Merit: 250
GO GO WAVES... Cheesy Cheesy SOON 15K ... Wink AND TIME TO BUY AGAIN   Grin Grin
newbie
Activity: 4
Merit: 0
Community token is a nice idea. I only hope the snapshot hasn't been taken yet as I still have a lot of Waves on exchanges(they go back to a wallet or full node this week-end).

To compare with my results, how rewarding is it for those with full nodes running LPos right now?

Would it be better (for the network I bet it is but for the reward I don't know...) to have all your Waves on only one Full node running for LPos or divide your stack into multiple nodes running with 10000 Waves in each?

You can check it here: http://www.wavesgo.com/

3.271 Waves earned by nodes in the last 24h, I have stopped staking as the rewards are terribly low and probably wont cover electricity costs.

Combine this with only 3.7M Waves staking out of 100M total and you can see why many have abandoned the project.



Unfortunately, I have suffered significant losses with Waves, The only person who will make millions from Waves is Sasha and Team waves.

This project should have been abandoned when Kushti (The only person with blockchain dev experience on the Waves team) distanced himself from Waves during the ICO. It was a terrible decision and nothing more than a cash grab to continue the project without the founder of the scorex platform or any experienced blockchain developers, it was too much money for Sasha to turn down.

Waves is just one disappointment after the other. Anyone thinking that it will ever go up significantly past the ICO price is mistaken, the damage has been done.

No reputable business will ever use Waves.

And when I thought things could not get worse, now it has turned into Supernet Ponzi 2.0 with assets inside assets inside assets with none of them having any tangible value or real world utility. There may be a small pump before the snapshot for the community token/security, but there will be an even bigger dump after.

It will not be long before the SEC comes knocking, the security that is being called a "community token" will open Waves to legal troubles. The fact Sasha has announced this and is proceeding without seeking sufficient legal advice should be a red flag for all.

Will anyone be addressing my concerns?
hero member
Activity: 777
Merit: 500
Investors are not in loss not even at these current prices if someone is strictly have in holding from the start. Bitcoin will be settled down at some price soon and then WAVES pump will start which simply means double profit to those who are keep holding. Not a single alt has escape of bleeding due to pump of BTC. It had better wait for this time to pass and take care of your WAVES.


Investors are not at a loss??? 

I don't think he invested at all into the project, forget the ICO investors what about those that bought into the project when the price was at 50ksat just a month ago
Yep... I made the mistake of buying a LARGE proportion of my waves at 50-56k sat. The mistake was buying it at that price - having waves is not a mistake Wink
sr. member
Activity: 281
Merit: 250
Waves community token



Waves platform is all about custom application tokens and community based projects. Now, once we have basic token functionality, we start building crowdintelligence-based mechanisms for projects approval and screening. It should engage the community to monitor and vet the upcoming projects, and provide more exposure to valid projects. You might consider it to be some sort of DAO with enhanced security through a certain degree of centralization.
The Waves Community Token (WCT) is intended to provide a tool for community assessment of crowdfunding campaigns launched on the Waves platform and incentivize long-term holding by providing an additional income stream for WAVES token holders in the form of regular asset distributions. WCT will be a virtual community organization. It will be launched in several stages based on the technical maturity of the Waves platform.
Projects launching tokens on the Waves platform can request different services, exchanging these for a certain share of their overall token issue, which will be distributed to WCT asset holders as rewards.

Services include:

- Business side verification
- Proof of Concept verification
- Token specs advice
- Help with testing
- Help with product and services integration
- An introduction to community

Based on current functionality the first stage of asset implementation will be as follows:
WCT will be distributed in stages over a period of 9 months to all Waves holders excluding exchanges. Distribution will take place on the 15th of each month based on a snapshot of WAVES balances. 20% of all WCT assets will be distributed in the first month, with 10% distributed each subsequent month. In this way WCT will constantly add value to all active holders.
The next phase of WCT operation will involve using the upcoming voting functionality. WCT holders will be able to vote for different projects. This will provide some level of community-based KYC and screening.Thus WCT aims to reward long-term holders, incentivise community engagement and provide added value to new projects hosted on the Waves platform.
The first distribution of 20% of all WCT tokens will take place on January, 15 2017. It will be distributed to all waves addresses excluding exchanges proportional to their balance.

https://blog.wavesplatform.com/waves-community-tokens-e9e8b5db0b49#.tntto4bcd

Weird concept. Why can't Waves do all the above?

the purpose is to get people to pull their waves from the only real exchange that they have managed to arrange. it is a desperate attempt to stop the price from tanking, something they could do by actually releasing product, but no. fairy dust and unicorn spells are easier, and just involve typing. plus a little 3 layer waves / green / stock photo photoshop juju....
hero member
Activity: 668
Merit: 500
Waves community token



Waves platform is all about custom application tokens and community based projects. Now, once we have basic token functionality, we start building crowdintelligence-based mechanisms for projects approval and screening. It should engage the community to monitor and vet the upcoming projects, and provide more exposure to valid projects. You might consider it to be some sort of DAO with enhanced security through a certain degree of centralization.
The Waves Community Token (WCT) is intended to provide a tool for community assessment of crowdfunding campaigns launched on the Waves platform and incentivize long-term holding by providing an additional income stream for WAVES token holders in the form of regular asset distributions. WCT will be a virtual community organization. It will be launched in several stages based on the technical maturity of the Waves platform.
Projects launching tokens on the Waves platform can request different services, exchanging these for a certain share of their overall token issue, which will be distributed to WCT asset holders as rewards.

Services include:

- Business side verification
- Proof of Concept verification
- Token specs advice
- Help with testing
- Help with product and services integration
- An introduction to community

Based on current functionality the first stage of asset implementation will be as follows:
WCT will be distributed in stages over a period of 9 months to all Waves holders excluding exchanges. Distribution will take place on the 15th of each month based on a snapshot of WAVES balances. 20% of all WCT assets will be distributed in the first month, with 10% distributed each subsequent month. In this way WCT will constantly add value to all active holders.
The next phase of WCT operation will involve using the upcoming voting functionality. WCT holders will be able to vote for different projects. This will provide some level of community-based KYC and screening.Thus WCT aims to reward long-term holders, incentivise community engagement and provide added value to new projects hosted on the Waves platform.
The first distribution of 20% of all WCT tokens will take place on January, 15 2017. It will be distributed to all waves addresses excluding exchanges proportional to their balance.

https://blog.wavesplatform.com/waves-community-tokens-e9e8b5db0b49#.tntto4bcd

Weird concept. Why can't Waves do all the above?
sr. member
Activity: 281
Merit: 250
Waves community token



Waves platform is all about custom application tokens and community based projects. Now, once we have basic token functionality, we start building crowdintelligence-based mechanisms for projects approval and screening. It should engage the community to monitor and vet the upcoming projects, and provide more exposure to valid projects. You might consider it to be some sort of DAO with enhanced security through a certain degree of centralization.
The Waves Community Token (WCT) is intended to provide a tool for community assessment of crowdfunding campaigns launched on the Waves platform and incentivize long-term holding by providing an additional income stream for WAVES token holders in the form of regular asset distributions. WCT will be a virtual community organization. It will be launched in several stages based on the technical maturity of the Waves platform.
Projects launching tokens on the Waves platform can request different services, exchanging these for a certain share of their overall token issue, which will be distributed to WCT asset holders as rewards.

Services include:

- Business side verification
- Proof of Concept verification
- Token specs advice
- Help with testing
- Help with product and services integration
- An introduction to community

Based on current functionality the first stage of asset implementation will be as follows:
WCT will be distributed in stages over a period of 9 months to all Waves holders excluding exchanges. Distribution will take place on the 15th of each month based on a snapshot of WAVES balances. 20% of all WCT assets will be distributed in the first month, with 10% distributed each subsequent month. In this way WCT will constantly add value to all active holders.
The next phase of WCT operation will involve using the upcoming voting functionality. WCT holders will be able to vote for different projects. This will provide some level of community-based KYC and screening.Thus WCT aims to reward long-term holders, incentivise community engagement and provide added value to new projects hosted on the Waves platform.
The first distribution of 20% of all WCT tokens will take place on January, 15 2017. It will be distributed to all waves addresses excluding exchanges proportional to their balance.

https://blog.wavesplatform.com/waves-community-tokens-e9e8b5db0b49#.tntto4bcd

Ok, yes, it doesn't sound pathetic.



yea, sounds pathetic alright.

lipstick on a pig.

you might think "twiggy smile" might write something concrete about the fiat gateways that are MONTHS overdue, but no. they want to throw more unicorn fairy dust out on the investors.

fucking sad, this dude is the "pr manager".

hero member
Activity: 658
Merit: 500
Investors are not in loss not even at these current prices if someone is strictly have in holding from the start. Bitcoin will be settled down at some price soon and then WAVES pump will start which simply means double profit to those who are keep holding. Not a single alt has escape of bleeding due to pump of BTC. It had better wait for this time to pass and take care of your WAVES.


Investors are not at a loss??? 

I don't think he invested at all into the project, forget the ICO investors what about those that bought into the project when the price was at 50ksat just a month ago
sr. member
Activity: 364
Merit: 250
Waves community token



Waves platform is all about custom application tokens and community based projects. Now, once we have basic token functionality, we start building crowdintelligence-based mechanisms for projects approval and screening. It should engage the community to monitor and vet the upcoming projects, and provide more exposure to valid projects. You might consider it to be some sort of DAO with enhanced security through a certain degree of centralization.
The Waves Community Token (WCT) is intended to provide a tool for community assessment of crowdfunding campaigns launched on the Waves platform and incentivize long-term holding by providing an additional income stream for WAVES token holders in the form of regular asset distributions. WCT will be a virtual community organization. It will be launched in several stages based on the technical maturity of the Waves platform.
Projects launching tokens on the Waves platform can request different services, exchanging these for a certain share of their overall token issue, which will be distributed to WCT asset holders as rewards.

Services include:

- Business side verification
- Proof of Concept verification
- Token specs advice
- Help with testing
- Help with product and services integration
- An introduction to community

Based on current functionality the first stage of asset implementation will be as follows:
WCT will be distributed in stages over a period of 9 months to all Waves holders excluding exchanges. Distribution will take place on the 15th of each month based on a snapshot of WAVES balances. 20% of all WCT assets will be distributed in the first month, with 10% distributed each subsequent month. In this way WCT will constantly add value to all active holders.
The next phase of WCT operation will involve using the upcoming voting functionality. WCT holders will be able to vote for different projects. This will provide some level of community-based KYC and screening.Thus WCT aims to reward long-term holders, incentivise community engagement and provide added value to new projects hosted on the Waves platform.
The first distribution of 20% of all WCT tokens will take place on January, 15 2017. It will be distributed to all waves addresses excluding exchanges proportional to their balance.

https://blog.wavesplatform.com/waves-community-tokens-e9e8b5db0b49#.tntto4bcd

Ok, yes, it doesn't sound pathetic.
sr. member
Activity: 462
Merit: 251
Waves community token



Waves platform is all about custom application tokens and community based projects. Now, once we have basic token functionality, we start building crowdintelligence-based mechanisms for projects approval and screening. It should engage the community to monitor and vet the upcoming projects, and provide more exposure to valid projects. You might consider it to be some sort of DAO with enhanced security through a certain degree of centralization.
The Waves Community Token (WCT) is intended to provide a tool for community assessment of crowdfunding campaigns launched on the Waves platform and incentivize long-term holding by providing an additional income stream for WAVES token holders in the form of regular asset distributions. WCT will be a virtual community organization. It will be launched in several stages based on the technical maturity of the Waves platform.
Projects launching tokens on the Waves platform can request different services, exchanging these for a certain share of their overall token issue, which will be distributed to WCT asset holders as rewards.

Services include:

- Business side verification
- Proof of Concept verification
- Token specs advice
- Help with testing
- Help with product and services integration
- An introduction to community

Based on current functionality the first stage of asset implementation will be as follows:
WCT will be distributed in stages over a period of 9 months to all Waves holders excluding exchanges. Distribution will take place on the 15th of each month based on a snapshot of WAVES balances. 20% of all WCT assets will be distributed in the first month, with 10% distributed each subsequent month. In this way WCT will constantly add value to all active holders.
The next phase of WCT operation will involve using the upcoming voting functionality. WCT holders will be able to vote for different projects. This will provide some level of community-based KYC and screening.Thus WCT aims to reward long-term holders, incentivise community engagement and provide added value to new projects hosted on the Waves platform.
The first distribution of 20% of all WCT tokens will take place on January, 15 2017. It will be distributed to all waves addresses excluding exchanges proportional to their balance.

https://blog.wavesplatform.com/waves-community-tokens-e9e8b5db0b49#.tntto4bcd
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