Thorough research was conducted before the launch of this project; ensuring the 88 Coin project will revolutionize the cryptocurrency world. Since its inception, blockchain technology has been fraught with controversy over its most natural application – value transfer using the network token. Decentralized money is a ground-breaking development, but blockchain technology cannot be reduced to this alone. Being essentially a distributed database, the blockchain allows for various types of distributed ledger entries, the nature of which depends on their interpretation by the blockchain's users. Introducing the blockchain as a foundation for digital cash attracted a great deal of attention to the technology, putting regulators and governments worldwide on high alert in the process. There is no doubt that Ethereum will establish itself as a valid monetary system. But it is also obvious that there should not be too many blockchain tokens in use as money at the present time, since the low liquidity and high volatility this causes prevent the use of emerging blockchain as a secure store of value. We propose to focus on other uses of blockchain tokens – those which are often overlooked in favor of the lowlevel opportunities which blockchain technology might provide, such as smart contracts. As per a 2015 KPMG report, there are an estimated 438 million people without bank accounts in Southeast Asia alone, conversely 53% of the population is connected to the web via smart phone technology. 88 Coin platform is designed to bridge this gap. Smart contracts, being a natural development of Ethereum scripting, are inevitable and will be one of the cornerstones of blockchain technology. On the other hand, certain features are much easier to implement using other approaches. Custom tokens operations realized as an attachment to blockchain transactions are very flexible and can be used in a variety of applications, from national currency transfer over the blockchain to decentralized trading. A focus on such operations might well complement the approach introduced by Ethereum. In the following sections we will describe the technical motivation for WAVES platform's features and illustrate them with use cases. We intend to determine the most “production-ready” aspects.
88 Coin is a visionary new cryptocurrency positioned to deliver on the promise of advanced Ethereum blockchain infrastructure. It will offer contemporary solutions to archaic financial restrictions allowing its users to rise above. 88 Coin’s mission is to enact a progressive plan that brings the future into focus.
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