Open-source custom blockchain Waves Platform announced today that as part of its plans to expand the Waves ecosystem over the coming year, it is now proud to launch the Waves Lab.
Waves Lab is a blockchain technology incubator that will focus on pre-ICO startups and teams who are creating disruptive solutions to real-world problems using Waves blockchain infrastructure.
Waves will be providing full support for businesses and entrepreneurs who meet its requirements, ensuring that their projects get off to a flying start. Guidance will include seed funding, legal support, advice, resources, and marketing.
Funding
Ensuring that a project is well-funded is critical to its long-term success. Additionally, securing early funding is a strong indicator of the market that a project is worth backing with additional tranches of investment in its public sale. Waves Lab will provide seed funding of up to $300,000 for the right initiatives.
Legal Support
In the fast-moving regulatory environment crypto currently occupies, it is imperative that blockchain projects are fully up-to-date with compliance requirements. Additionally, Waves is committed to maintaining best practice for the ICOs held on its platform wherever possible. Waves Lab will provide extensive assistance in this area, including the token model and its legal implications, as well as the content/language of the white paper and website landing page; a full set of legal documents including 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.
Advisory
Regulatory compliance is only one element of ensuring the success of an ICO project.
Waves Lab will also provide a series of advisory services covering elements of the business case, such as:
· Technical architecture review
· Product market fit
· Token economics
· ICO advisory
· Exchange listing advisory
Additional Resources
The Waves team said “as a foremost blockchain platform, it has a wide range of contacts and considerable influence within the wider crypto industry, they plan to leverage these connections
to help projects expand their reach in the blockchain world.”
PR & Marketing
Lastly, Waves will help with the activity required to communicate and promote a project to the grassroots crypto community, including:
· Devising your PR & Marketing strategy
· Carrying out niche forum PR activities
· Undertaking complex ICO community management
· Establishing personal connections with key opinion leaders, trendsetters, influencers and other advisors
· Linking with 50+ ICO tracking websites, with no waiting list