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Author Topic: Waves for pre-ICO -> Ethereum for ICO?  (Read 1018 times)
dealung
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August 13, 2017, 01:18:15 PM
 #21

Hey guys,
I and my team are planning to launch a pre-ICO and ICO after that. I know that most ICOs these days are held on Ethereum, but we do not have resources to code or pay for coding a  smart-contract. So I was thinking about launching pre-ICO at Waves, because it doesn't need smart contract development; we could just issue tokens and sell them at Waves DEX exchange.
And once we get some funding during pre-ICO, we can hire a coder to code a smart contract and hold actual ICO at Ethereum. What do you think about it? Or will it it better to hold both pre-ICO and ICO at Waves in this case?

Thanks in advance.

We recommend you use those two platforms, I've heard of primalbase project using two platforms namely waves and etherium. You can also try both.You right waves have their own exchanger waves dex and etherium have smart contracts.
af-af (OP)
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August 13, 2017, 01:44:30 PM
 #22


We recommend you use those two platforms, I've heard of primalbase project using two platforms namely waves and etherium. You can also try both.You right waves have their own exchanger waves dex and etherium have smart contracts.

Actually they issued their tokens at Waves, but since Waves claim to be interoperable with Ethereum, PrimalBase team were saying that their token was built on two blockchains, which is not entirely true from my point of view. But indeed, there were ICOs held at Waves and Ethereum simultaneously, e.g. Encryptotel.
dealung
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August 14, 2017, 01:05:31 PM
 #23


We recommend you use those two platforms, I've heard of primalbase project using two platforms namely waves and etherium. You can also try both.You right waves have their own exchanger waves dex and etherium have smart contracts.

Actually they issued their tokens at Waves, but since Waves claim to be interoperable with Ethereum, PrimalBase team were saying that their token was built on two blockchains, which is not entirely true from my point of view. But indeed, there were ICOs held at Waves and Ethereum simultaneously, e.g. Encryptotel.
Yes you are right, the fact its primalbase uses token platform waves. But unfortunately his project does not seem as expected.
But I'm sure his dev is planning something  Cheesy
sumangs
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August 14, 2017, 01:32:16 PM
 #24

I think waves still needs development so I go for ethereum. Ethereum is running since its initial release in 2015 and it is the cryptocurrency that is used in funding ICOs. There are other cryptocurrency that is same as waves and still needs development since it is young unlike ethereum. Maybe there are multiple platforms in the future including waves. We just need to accept the fact that ethereum is in the top platforms in funding.

Just my opinion, no hate.  Smiley
af-af (OP)
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August 14, 2017, 03:21:38 PM
 #25

I think waves still needs development so I go for ethereum. Ethereum is running since its initial release in 2015 and it is the cryptocurrency that is used in funding ICOs. There are other cryptocurrency that is same as waves and still needs development since it is young unlike ethereum. Maybe there are multiple platforms in the future including waves. We just need to accept the fact that ethereum is in the top platforms in funding.

Just my opinion, no hate.  Smiley

I agree with that. It is just easier to run ICO on waves since no coding is required.
BartS
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August 14, 2017, 08:34:46 PM
 #26

I think you should use only one of platforms.
In this way, after ICO, there will be two kinds of tokens. One in ethereum platform and another one in waves platform. It will be confusing.
Waves is a good platform. In my opinion use that for both pre-ICO and ICO. There will be no problem.

Thank you. Actually I was thinking about exchanging Waves-based tokens to Ethereum-based tokens afterwards. Not sure that it can be done transparently for all the participants though.
That sounds like a lot of trouble and then you will be subject to moral dilemmas that can affect your reputation, for example it is not rare for scammers to get coins of early investor by deceit, but what would you do if the owner of the coins say to you to give to him these ETH tokens even after he got scammed? And what if he sold the coins and now is trying to scam the new legitimate owner of those coins.
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August 14, 2017, 09:26:02 PM
 #27


That sounds like a lot of trouble and then you will be subject to moral dilemmas that can affect your reputation, for example it is not rare for scammers to get coins of early investor by deceit, but what would you do if the owner of the coins say to you to give to him these ETH tokens even after he got scammed? And what if he sold the coins and now is trying to scam the new legitimate owner of those coins.

Good points. I think we'll stick to Waves.
gregory51gosh
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September 06, 2017, 10:18:31 AM
 #28

I'm planning to do similar way:

1. Waves token for pre-ICO with lock-up for sales untill ICO ends (for guarantee that there is no trade)
2. Finishing smart contract
3. 1:1 conversion of the waves tokens into erc20 tokens (token holders will be sent tokens to an address, that confirms the ownership, then the ERC20 tokens are sent from the smart contract (a pool for such action reserved)
4. waves tokens are burned through the node option:

curl -X POST —header 'Content-Type: application/json' —header 'Accept: application/json' -d '{ \    "sender": "string", \    "assetId": "string", \    "quantity": 0, \    "fee": 0 \  }' 'http://127.0.0.1:6869/assets/burn'

Would it be acceptable for community?

Waves community and network has its advantages for the assessment of the project (pre-ICO). If pre-ICO is success, than there is sense in making ICO. When the pre-ICO min is not achieved, people get their money back and story ends..



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gregory51gosh
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October 27, 2017, 03:26:22 PM
 #29

Finally made decision to enter Waves Smiley

https://medium.com/@tokenloyalty/not-only-ethereum-icos-waves-on-the-run-3cfc9d7a0cec

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