Blockchain & Bitcoin will change your life. Even if you don’t want it to, your life will change.
But there is a long way to go as the technology is still in its infancy. It has to break the adaptation barriers down for the masses. There are many areas of friction to be addressed in order to make this technology feasible for mainstream adoption.
- Almost every day, a new ICO or a new startup comes up with a vision. Getting funding is the most daunting challenge for them to survive in the market.
- Buying and selling crypto-assets is still not easy in many countries, as they don’t have ready access to Euros, US Dollars, or Chinese Yuan.
- Trading of many immovable yet precious commodities is not possible without a cumbersome authentication process.
- The process of listing shares of a company, in many countries, is highly complicated or unclear.
What if all this were to change for the better?!
That would make life easier for all of us!
To remove all this friction and to make the world a better place, a blockchain platform called Waves is now out.
Waves advocate itself as a blockchain platform that intends to be a decentralized place for crowdfunding and trading by tokenization.
It is too technical!!!
But before I give you a less technical definition, I should tell you that Waves prices are soaring high! Its price in June 2016 was $ 0.7 per unit, and it is now above $0.78 per unit.
Waves exchanges: Where to get Waves Token from?
- Binance-Waves/BTC, Waves/ETH, Waves/BNB
- Huobi– Waves/BTC, Waves/ETH
- Gate.io-Waves/BTC, Waves/USDT
What is Waves Cryptocurrency?
Waves are the name of the both, a proof of stake blockchain and the cryptocurrency that fuels that blockchain.
Waves enable you to make custom tokens, which means you can launch your own cryptocurrencies. You can also decentralize trading and crowdfunding, as it has integrated fiat currency gateways like USD/EUR/CNY right in your wallet.
Via Waves, you can also launch ICOs to fund your projects from around the world in a matter of minutes, without going through intensive cryptocurrency coding. This will make life easier for startups and open up a new era of community-backed projects.
The Waves cryptocurrency (WAVES) has real-world tradable value on various exchanges.
Key Features of Waves Cryptocurrency
Wouldn’t it make sense to keep and exchange decentralized assets on decentralized exchanges?
WavesDex is a decentralized exchanged built on the Waves blockchain. It allows users to trade their BTC/ETH/etc. in exchange for Waves (or any other asset token issued on the Waves platform). And it has fiat gateways like EUR, USD etc for the fiat currency lovers.
The volume at the time of writing on this exchange is 182 BTC which I think is decent for a decentralized exchange with 72 cryptocurrencies/crypto assets listed on it.
You can use WavesDex by installing the Lite client also.
– Smart Contracts
In Waves, smart contracts are not as complex as they are in Ethereum. They are Non-Turing complete, but powerful and secure. According to the most recent development roadmap, published by The Waves Platform, Smart Contracts (non-Turing) are scheduled to be added to Full Node software builds during Q1, 2018 and Turing complete smart contracts are scheduled during Q4, 2018.
You can make your own custom tokens or cryptocurrencies in one minute on the Waves platform. You will require at least 1 WAVES token to do so.
You can decide what name to give the token, how many to be issued, and how many decimal fractions you want to keep.
This is ideal for crowdfunding and ICOs.
– Fiat Gateways
Fiat Gateways such as USD/EUR/CNY will allow you to exchange any token issued on the Waves platform (or any other cryptocurrency like BTC/ETH) for “real” money, which can be deposited in a bank.
– Best of both worlds
All transactions between cryptocurrency to fiat or fiat to cryptocurrency will be recorded on the Waves blockchain. This is like mixing the best of both worlds (i.e. centralized systems and decentralized systems).
KYC/AML is needed to deposit and withdraw fiat money. However, KYC is not necessary for cryptocurrency transactions.
Waves also started an initiative called ICOHub, where their community votes on the popular projects that are seeking to begin their ICOs. In this way, the winner of the competition gets help from Waves platform directly in hosting and conducting their ICO.
Team behind Waves
#1 Sasha Ivanov – CEO and Founder
Sasha is a physicist by education and has been involved in payment systems software development. With blockchain technology, he launched the first instant cryptocurrency exchange coinomat.com.
#2 Martin Spodymek – Head Community Manager
Martin is an engineer and is fascinated by blockchain technology and cryptography as a whole. Martin supports Waves for tech support and marketing.
# 3 Alexey Kiselev – Back End Developer
Alexey is a passionate programmer who started programming 8-bit processors. He graduated from Moscow State Technical University.
#4 Sergey Ishchenko – Front End Developer
Sergey is a software engineer who specializes in Java with over ten years of experience. His primary responsibility on the Waves project is the Lite Client development and Distributed Team Coordination.
You can see the Waves team list here.
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|
As per CoinMarketCap the total circulating supply of WAVES is 100 million tokens, and the current price of each unit is $2.12, which makes its market cap approximately $211 million (at the time of this article).
Popular Waves Wallets
- Mobile Wallet – Waves Wallet (Android), Waves Wallet (iOS)
- Browser/Web Wallets – WavesLiteApp (Chrome Extension), Waveswallet (Web)
- Waves Desktop Wallets – Ledger Wallet
- Hardware Wallets – Ledger Nano S.
How To Buy Waves Cryptocurrency
Buy Waves from Changelly
The easiest way to buy Waves is to exchange it for BTC/ETH. This is a hassle-free way which will let you acquire some WAVES tokens.
You just need two things:
- Your Waves address where you would like to get your WAVES tokens. That you can create one using official client here.
- BTC/ETC/altcoin to exchange for WAVES.
Note: Though this guide shows how to buy Ripple in exchange for BTC, the process is exactly the same to buy Waves.
Buy Waves from Waves Wallet
You can also buy WAVES using the Lite Waves Wallet or Lite Waves Chrome app. The process is the same for both of them.
- Go to https://waveswallet.io/
- Click New Account and register there (no need for email or phone number).
- WRITE DOWN THE SEED!
- Click Deposit on the Waves Wallet area.
- Select and enter an amount in EUR/USD.
- Click Buy.
- Pay using the secure gateway.
- Your WAVES will be credited to your Waves wallet.
Caution: Your seed will also allow you to import your account to other devices. This seed is critical and must be kept in a safe place since it’s the only way to recover your account in case of a lost wallet, corrupted data, or hardware failure.
Buy Waves from Shapeshift
You can buy your first Waves by exchanging any supported cryptocurrency via Shapeshift. However, I prefer using Changelly for better exchange rates and a more detailed transaction history to track my funds.
If you need to know the step-by-step process of exchanging your cryptocurrencies for WAVES, see our guide on Shapeshift.
Note: Though this guide is for exchanging ETH for BTC. the process is exactly the same to buy WAVES.
You can also get Waves Cryptocurrency from exchanges. Currently, WAVES is available on following exchanges:
Waves vs. Ethereum
Waves intend to impact fiat currency transfers and crowdfunding markets on the blockchain. It also provides smart contracts, but they are unlike the Ethereum ones.
Here, smart contracts are written by built-in plug-ins, making the entire process easier.
Waves make certain things simple by using plug-ins; things which if done on Ethereum could be very lengthy and complicated.
However, there are significant differences between both cryptocurrencies and technologies.
Use Cases and the Future of Waves
Some of the use cases which are being built or are already in production:
- Tokenomica – A transparent venture capital organization.
- Upcoin – A political engagement initiative.
- ZrCoin – A green manufacturing technology business.
- MobileGo – A marketing drive for a mobile gaming platform.
- EncryptoTel – A secure telecommunications infrastructure company.
- Incent – A blockchain loyalty scheme.
Waves NG: And with the launch of new Waves-NG consensus mechanism, Waves has become the fastest blockchain right now in production with a capacity of 6000 tx per second that too on-chain. The idea was conceived from Bitcoin-NG proposal but first time implemented on Waves blockchain in the last quarter of 2017.
Waves lab: Waves Lab is a blockchain technology incubator that focuses on pre-ICO projects and teams. Waves Lab is a focused startup incubator for talented visionaries creating disruptive solutions to real-world problems using the Waves Platform infrastructure. Initiatives like this are sure to take Waves in a positive direction.
With many more innovations on the way, the future looks promising for Waves and as per there 2019 roadmap, they are positioned well in the market.
Waves is now hovering around the top 40 cryptocurrencies by market cap, with each unit price still cheap when compared to Ethereum like ICO launcher.
Who knows.. tomorrow it might climb to the top ten or top twenty!
I hope this detailed analysis of the Waves cryptocurrency helps you in making a good decision. Let me know in the comments if you are excited about the future of the Waves platform!
To keep yourself updated about Waves, check out:
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Harsh Agrawal is the Crypto exchange and bots expert for CoinSutra. He founded CoinSutra in 2016, and one of the industry’s most regarded professional blogger in the fin-tech space.
An award-winning blogger with a track record of 10+ years. He has a background in both finance and technology and holds professional qualifications in Information technology.
An international speaker and author who loves blockchain and crypto world.
After discovering about decentralized finance and with his background of Information technology, he made his mission to help others learn and get started with it via CoinSutra.
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