The popular instant-exchange app ShapeShift has added Waves to its extensive list of currencies, bringing greater liquidity and accessibility to the well-known custom tokens platform.
Unlike traditional exchanges, ShapeShift does not require any information from its users. Instead of signing up with an email address and password, before depositing and trading cryptocurrencies, users simple send one crypto coin to ShapeShift and receive another directly into their designated wallet address. Multiple pairs are available for most coins, allowing users to exchange one altcoin for another without going through an intermediary bitcoin stage – as would again be the case with most exchanges. Moreover, because it aggregates order books from different exchanges, ShapeShift allows conversion of one coin to another without slippage: a single price is quoted for a given amount of digital currency.
We’ve very pleased that ShapeShift has added Waves. Waves platform was created to make blockchain technology accessible to mainstream users and easy for businesses to build applications on. ShapeShift’s instant-exchange approach is a great example of how a user-friendly app can revolutionise the way people engage with crypto, so we’re really happy to have this functionality added to the Waves ecosystem.
- comments Waves Platform CEO Sasha Ivanov.
The Waves Platform was crowdfunded in June 2016 and raised almost 30,000 BTC for marketing and development – at the time, around $16 million, making it one of the largest crowdfunded cryptocurrency enterprises ever. Aiming squarely at mass adoption, Waves offers a familiar and straightforward user experience, high speed and scalability, and powerful token operations. It is possible to create and distribute a new custom application token (CAT) in just minutes on the Waves blockchain. This ‘blockchain for the people’ approach has already proven appealing to a number of businesses, which have launched Waves-based ICOs of their own – with many more on the way in the near future.
We wanted to make Waves the ideal solution for blockchain-based crowdfunding and fiat transfer. After several months of intense development, we’re now in a position to be able to market Waves to businesses and really start to make a difference in the fintech sphere. The coming months are going to be very exciting.
- explains Ivanov.