Waves is a decentralized blockchain platform that allows individuals and businesses to create custom digital assets, launch and trade their own cryptocurrencies, and build decentralized applications (dApps) using smart contracts. The platform aims to make it easy for anyone to participate in the growing blockchain ecosystem without the need for extensive technical knowledge or expertise. It was founded in 2016 by Alexander Ivanov and has since grown into a global community of developers, investors, and users. Waves uses a unique consensus algorithm called Waves-NG, which is designed to improve scalability and speed while maintaining network security.
About $WAVES token
WAVES token is the native cryptocurrency of the Waves blockchain platform, designed for easy creation, transfer, and exchange of custom digital assets and tokens. It is used for transaction fees, smart contract execution, and staking in the Waves ecosystem. WAVES tokens were launched through a successful Initial Coin Offering (ICO) in 2016, and the platform has since grown to become one of the most popular and widely used blockchain platforms for decentralized applications (dApps) and custom token creation.
How to buy $WAVES with a payment card
1. Enter the amount of $WAVES and fiat currency that you wish to purchase.
2. Verify your phone and email.
3. Enter or create $WAVES wallet
You are given the option to enter your $WAVES wallet address or create one using the Swipelux widget.
4. Pass KYC flow
This verification process helps protect you from fraud and other malicious activities.
5. You're now ready to buy $WAVES with a credit and debit card.
1. Market Position and Adoption: Waves (WAVES) is a blockchain platform that aims to provide a fast, decentralized, and user-friendly environment for building and deploying decentralized applications (dApps). As of March 2023, WAVES is ranked #139 among cryptocurrencies with a market cap of $257,985,447 and is listed on various popular cryptocurrency exchanges. The platform has a total supply of 110,794,588 WAVES tokens, and the circulating supply is 110,517,154 WAVES tokens. Waves has gained some traction over the years, with its native token being listed on major exchanges and attracting a considerable amount of investment.
2. Technology and Platform: Waves is built on a custom blockchain that uses the Leased Proof-of-Stake (LPoS) consensus algorithm, which enables faster transaction confirmations and better scalability compared to other blockchain platforms. The platform also allows users to create custom tokens and assets quickly, enabling them to build their own projects on the Waves ecosystem. Waves also has a user-friendly wallet that supports multiple cryptocurrencies, including Bitcoin, Ethereum, and WAVES, allowing users to store, manage, and trade their digital assets.
3. Team: The Waves team is led by founder and CEO Sasha Ivanov, who has extensive experience in software development and blockchain technology. The team also includes developers, engineers, and business professionals who have worked for various tech companies and have a deep understanding of blockchain and decentralized technologies. The Waves team has received backing from notable investors, including Sasha Ivanov, Alexander Ivanov, and Roger Ver.
4. Competition: As a blockchain platform for creating and deploying decentralized applications, Waves competes with other popular blockchain platforms like Ethereum, EOS, and Tron. While Ethereum remains the dominant platform for decentralized applications, Waves aims to differentiate itself by offering a faster, more user-friendly environment for developers and users. Additionally, Waves has a particular focus on tokenization, which sets it apart from other platforms.
5. Supply: Waves has a maximum supply of 100 million tokens, of which 110,794,588 tokens are currently in circulation. The platform also employs a deflationary monetary policy, where a portion of the transaction fees on the platform is burned, reducing the total supply of WAVES over time. The maximum supply and deflationary policy are aimed at maintaining the value of the WAVES token while ensuring that it remains scarce.
1. Volatility risk: Like many cryptocurrencies, the value of WAVES is subject to market volatility and fluctuations, which can lead to sudden and significant price changes.
2. Regulatory risk: Waves operates in a largely unregulated industry, and there is always a risk that regulatory authorities could crack down on cryptocurrencies and their associated activities, potentially affecting the value of WAVES.
3. Competition risk: Waves faces stiff competition from other blockchain platforms and cryptocurrencies offering similar functionality, such as Ethereum and Cardano. If Waves is unable to compete effectively, it could struggle to attract and retain users and investors.
4. Adoption risk: While Waves has gained a significant following in the blockchain and cryptocurrency communities, it has yet to achieve widespread adoption and mainstream use. This could limit the potential growth and adoption of the platform and the WAVES token.
5. Development risk: Waves is a complex platform that requires ongoing development and maintenance to remain competitive and functional. If the Waves development team is unable to keep up with technological advancements and evolving user needs, the platform and token could become less valuable over time.
Potential market development triggers
1. Integration with popular DeFi platforms: Waves could see increased demand if it continues to integrate with popular decentralized finance (DeFi) platforms, such as Uniswap and Curve, allowing users to easily swap between WAVES and other tokens.
2. Expansion of the Waves ecosystem: As more developers build on the Waves platform, it could attract new users and investors to the ecosystem, potentially driving up demand for WAVES token.
3. Increased adoption of Waves-based tokens: Waves has a built-in decentralized exchange that allows for the creation and trading of custom tokens. If more projects choose to launch on the Waves platform and issue tokens that are in high demand, this could increase demand for WAVES token.
4. Partnership with established companies: Waves could benefit from partnering with established companies to promote the use of WAVES token. For example, a partnership with a major e-commerce platform could lead to increased demand for WAVES as a means of payment.
5. Integration with popular wallets: If Waves continues to be integrated with popular cryptocurrency wallets, such as Metamask and Ledger, this could increase exposure and demand for WAVES token among a wider audience of investors and users.