Blockchain Incubator for Pre-ICO Projects Created by Waves Platform

Announcements, Blockchain, ICO News | December 21, 2017 By:

Decentralized blockchain platform Waves has created an incubator that will support projects and teams who are building disruptive solutions, using the company’s infrastructure.

The incubator, called Waves Lab, will provide full support – including seed funding, legal support, advice, resources, funding and public relations & marketing – for pre-intial coin offering (ICO) projects who meet the company’s requirements.

Waves Lab will provide seed funding of up to $300,000 for the right initiatives. The company said that ensuring that a project is well-funded is critical for its long-term success. Additionally, securing early funding is a strong indicator to the market that a project is worth backing with additional tranches of investment at its public sale.

It will help blockchain projects in legal aspects as well. This includes the token model and its legal implications; the content/language of the white paper and website landing page; a full set of legal documents –Token Purchase Agreement, Terms of Use, and Privacy Policy; and finally consultation on any relevant legal aspects of the project by external attorneys with experience of supporting ICOs.

“In the fast-moving regulatory environment crypto currently occupies, it is imperative that blockchain projects are fully up-to-date with compliance requirements,” the company said. “Additionally, Waves is committed to maintaining best practice for the ICOs held on its platform wherever possible.”

Waves Lab will also provide a series of advisory services covering elements of the business case, such as technical architecture review, product market fit, ICO advisory, and exchange listing advisory among others. Furthermore, it will help businesses to devise their PR and marketing strategy; establish personal connections with key opinion leaders, trend setters, influencers and other advisors; and link them with over 50 ICO tracking websites.