WAVES raises $2M in the first 24 hours of its crowdfund

WAVES announced it has raised $2 million in the first 24 hours of its crowdfund.

The WAVES initial coin offering (ICO) raised some 4,683 bitcoins by the end of the first day. The ICO will continue for another six weeks until 31 May.

“We are building a blockchain platform which will be used by banks and many payments systems. What we are doing is building an open blockchain for banks, maybe not for big banks, but which payment systems can enter and transfer funds on the blockchain. There is big money in permissioned blockchains; we are trying to counter this by building an open system. There is KYC and AML procedures for sure, but no one can just block the account for example,” said WAVES founder Sasha Ivanov.

WAVES is an open blockchain platform looking to tokenise national currencies.