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waves (WAVES), to blockchain platform focused on a multi-currency portfolio with a decentralized exchange (DEX), raised $ 120 million for its Vostok blockchain for companies and governments.
#WavesPlatform ensuring an investment of $ 120 million for the integration of #Vostok #blockchain in corporate and government IT systems. The first round of financing gives the Vostok project an approved value, second round scheduled for the beginning of 2019: https://t.co/a8ad0J4bsk$ WAVES #Fintech
– Waves Platform (@wavesplatform) December 19, 2018
According to ad, the Vostok system is compatible with the Waves public blockchain and represents a universal blockchain solution for a scalable digital infrastructure that is both private and capable of easy optimization.
The Vostok network will probably be powered by VST (Vostok System Tokens), which could potentially be distributed through a public sale, with 3% of the total supply sent to WAVES owners. Waves notes that he is currently reviewing the legality around a public sale and, if determined to be valid, will only be conducted via the Waves system token.
The $ 120 million fund-raising round was conducted by the London-based financial services group Dolfin and was attended by numerous private and institutional investors.
"The cryptocurrency is over now, while the idea of using a decentralized network to store data and cut costs is still relevant," said Waves founder Sasha Ivanov. Bloomberg on Wednesday. The company is now planning to compete with established corporate accounting platforms outside the United States.
WAVES is currently growing 20.8% in the last 24 hours at $ 4.22, making it the 18th largest currency in the world AltDex 100 Index (ALT100) with a market capitalization of $ 422 million.
Other: New Addition to Waves Ecosystem, Vostok Project, provides 120 million dollars in the first round of investment
Related: Waves Price Surges 50% after Major App Update
Disclaimer: the author of this article has participations in cryptocurrency that may be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct due diligence before making investments.
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