Blockchain-powered tokens platform WAVES launches testnet.

Less than a week into its ICO, 2.0 platform WAVES invites users to help test its first release.

The WAVES ICO started with a flurry of activity on Tuesday, 12 April. Almost $2 million was raised in the first 24 hours as investors sought to benefit from a 20% ‘early bird’ bonus.

Three days later, with the release of the testnet software, investors are now able to participate in the development process by downloading the first iteration of the client and giving feedback to the team.

‘Functionality is currently limited, but what we have seems to work well,’ commented WAVES founder Sasha Ivanov. ‘We’d like to invite everyone who is interested in our progress to help out by testing out what we’ve got so far and letting us know what they think.’

WAVES is based on the open source Scorex platform, developed by Alex Chepurnoy and financial services innovation company IOHK, though there is no formal relationship between WAVES and IOHK. The 2.0 system is designed to address several key issues in cryptocurrency, including ease of use, scalability and use of fiat tokens on the blockchain. ‘Scorex is a great platform and provides a good foundation to work from,’ explains Sasha, ‘and I’ve known Alex a while from my time in Nxt, which was helpful for providing background on the technology. However, it’s not production-ready on its own terms, hence we are building further layers on top of it to create the functionality we need for a full crypto-ecosystem designed for the needs of both end-users and the finance industry in the 21st century.’

A bonus of 10% on BTC invested will continue until the end of the month. Github commits can be viewed here: https://github.com/wavesplatform and https://github.com/Tosch110/Waves

Testnet block explorer can be found here: http://testnet.wavesexplorer.com/

Anyone who would like to download the testnet client and get involved can do it here: https://github.com/wavesplatform/Waves/releases and here: https://github.com/wavesplatform/Waves/blob/master/Testnet.md

or find out more in our team slack: http://slack.wavesplatform.com/