Waves is a blockchain platform you can use to create your own custom token. It also includes a decentralized exchange, DEX, in which you can trade your newly created coin in a trading pair with any other Waves token.

New tokens that you create and transfer using the Waves platform are done so as attachments on blockchain transactions. To allow this, Waves implements new transaction types through plug-ins as an extension on top of the core software.

Waves also include a decentralized exchange, DEX, in which you can trade your newly created coin in a trading pair with any other Waves token.

 

Main Features

– WavesDex

That it is so amusing to keep decentralized resources, for example, BTC/ETH on brought together trades. Hacks like MtGox and Bitfinex are a case of this level of ineptitude.

WavesDex is a decentralized traded based on the Waves blockchain. It enables clients to exchange their BTC/ETH/and so on in return for Waves (or some other resource token issued on the Waves stage).

You can use WavesDex by installing the Lite wallet or Chrome extension in your browser.

– Smart Contracts

In Waves, smart contracts are not as intricate as they are in Ethereum. They are Non-Turing complete, yet capable and secure.

– Tokenization

You can make your own particular custom tokens or digital forms of money in one moment on the Waves stage. You will require no less than 1 WAVES token to do as such.

You can choose what name to give the token, what number of to be issued, and what number of decimal parts you need to keep.

This is perfect for swarm subsidizing and ICOs.

– Fiat Gateways

Fiat Gateways, for example, USD/EUR/CNY will enable you to trade any token issued on the Waves stage (or some other digital currency like BTC/ETH) for “genuine” cash, which can be kept in a bank.

– Best of Both Worlds

All exchanges between cryptographic money to fiat or fiat to digital money will be recorded on the Waves blockchain. This resembles blending the best of the two universes (i.e. incorporated frameworks and decentralized frameworks).

– KYC/AML

KYC/AML is expected to store and pull back fiat cash. Nonetheless, KYC isn’t essential for digital currency exchanges.

 

Total WAVES To Be Produced

The Waves ICO period was from April 12, 2016 – May 31, 2016. During this ICO, $16,436,095 was raised (equivalent to 30,096.7 BTC).

ICO Investors 85 Million Allocated
Pre-ICO bounties 1 Million Allocated
Post-ICO bounties 1 Million Allocated
Strategic partners and backers 4 Million Allocated
Development & Marketing 9 Million Allocated
In Total 100 Million

 

Conclusion

Waves provide an easy way to create your own token and take advantage of simple blockchain functionality. The platform is good for people looking to run a crowdfund or create a simple loyalty coin for their business.

The value of Waves is within its simplicity. Anyone can create a customized token with a few clicks and little knowledge of the underlying technology.

Beyond straightforward token creation, Waves also operates a decentralized exchange.

The team has formed meaningful partnerships with the Russian government and Deloitte accounting firm. Although the smart contract space is massive, the team faces considerable competition from several other blockchain projects.

If the team follows through on their guarantee to make Waves the fastest blockchain in the world, it’s feasible to see the platform gain significantly more popularity.

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Author: Wilson

Wilson is a 3x Startup Entrepreneur. He is passionate about the cryptocurrency space. You can catch him tweeting about cryptocurrency often @itswilson8

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