Waves Coin: Everything You Need to Know

by  | Dec 2, 2018 | Uncategorized


You might have heard a bit about how cryptocurrency is the future. There are plenty of doubters, but Bitcoin was just the beginning of something much bigger.


If you’re reading this article, chances are you already have at least a mild interest in buying and trading cryptocurrency.


You may already know all about how blockchain is disrupting global economies on a much larger scale than these highly-scrutinized digital currencies.


While the debate on whether blockchain and cryptocurrencies will change the world rumbles on, there’s a matter much more immediate at hand.


It’s one every crypto-trader asks themselves:


Which currency is the one that can change your life?


This is no game. There is real money to be made here, and many people are making their fortunes online, flaunting true profits in the face of the doubters.


The market is volatile and always evolving.


But if you get in sooner rather than later, you too could be on the road to riches.


Today, we’re here to tell you all about a cryptocurrency that is making waves in more ways than one.


The Waves coin does not have the big reputation of Bitcoin or Ethereum. However, it may well be the next big thing.

What is the Waves Coin?



In a nutshell, the Waves coin is an advocate for trading through tokenization. The founders have designed this blockchain-based currency with the intention of creating a decentralized exchanges (DEX) for crowdfunding.


Confused?


Well, before you run off, just know this:


The Waves coin had such a successful debut with its beta-testing, that it not only dwarfed all competing DEXs, but it attracted the attention of hackers who wanted in on all those profits.


Not to be deterred, the CEO, Sasha Ivanov, has vowed to lead the Waves coin forward, with hopes that major banks will adopt his currency soon. He believes that banks will be attracted to the concept of creating custom tokens.


And he could be right.

How the Waves Coin is Making Waves


Waves enable users to make their own custom tokens. That effectively allows people to launch their own cryptocurrencies. You are also able to decentralize trading, as well as crowdfunding.


People can use the Waves coin to launch an Initial Coin Offering (ICO), making it possible to fund their projects through global crowdfunding.


Best of all, users won’t need to know how to do advanced coding at all, as they can feasibly get an ICO project up and running in just minutes.


Imagine the possibilities for start-up companies. It could potentially lead to a whole new era wherein community-backed projects are launched every day.


It’s easy to see why Ivanov is so bullish.


While this is a decentralized exchange on blockchain, the Waves platform isn’t limited to trading with other cryptocurrencies. You can trade for EUR, CNY or USD too.


This is all made possible by fiat currency gateways, which are integrated in your digital wallet.


The Waves coin has tradable value in the real world, across multiple exchanges.


And that makes Ivanov’s ambitions of getting his currency into major banks a real possibility.

Features of the Waves Coin


So, Waves is a little bit different than the average cryptocurrency. That much is obvious. Here are some of the key features of the Waves coin, which allow to see just what else it is capable of. 


Smart Contracts


Unlike Ethereum, smart contracts aren’t anywhere near as complex in Waves. These Non-Turing contracts are both secure and powerful.


The platform issued a development roadmap that outlined the schedule for these contracts to be added to the full software builds by the end of 2018.


Tokenization


As we already touched on, custom tokens are a big thing on the Waves platform. It takes you literally about a minute to create your own custom cryptocurrency on Waves, and you need just 1 Waves token to do it.


You have complete autonomy on this, with the choice on:

  • What to name your token
  • How many tokens will be issued in total
  • The number of decimal fractions you keep

Fiat Gateways


With Fiat Gateways in place, such as USD, CNY and EUR, users can easily exchange any token that was issued by the Waves platform for real-world money. This money can then be deposited in your bank.


Combination of Systems


The Waves blockchain will keep a record of all transactions that happen between fiat currencies and cryptocurrencies. This allows for a blending of both centralized and decentralized platforms.



The People Behind the Waves Coin


Here are the key players that have made the Waves coin what it is today.


Sasha Ivanov – Waves CEO and Founder


The CEO of the Waves platform is an accomplished physicist with a background in software development, specifically for payment systems. Waves is not his first entrepreneurial venture with blockchain technology, as Ivanov launched Coinomat in 2013 – the first instant cryptocurrency exchange.


Martin Spodymek – Waves Head Community Manager


Spodymek is actually an engineer-by-trade, but his fascination for blockchain and cryptography has led him into the rapidly-growing cryptocurrency industry. He oversees the technical support in the company, and also keeps a handle on their marketing efforts.


Alexey Kiselev – Back End Developer


Starting out with programming work on 8-bit processors, Kiselev has taken his programming passion to the next level with the Waves coin. His degree from the Moscow State Technical University is certainly taking him places.


Sergey Ishchenko – Front End Developer


Ishchenko has more than a decade of experience working as a software engineer for various companies. His specialization in Java is of particular use on the Waves platform, although his key duties include developing the Lite Client and also managing the Distributed Team Coordination.

How to Buy the Waves Coin


Okay, so you know what it can do. You know the potential prospects of this exciting cryptocurrency.


Now, let’s show you how you can get your hands on it… well, as a manner of speaking.


The most straightforward method of buying Waves coins is by exchanging a major cryptocurrency for it, such as Bitcoin or Ethereum.


You just need:

  • The Waves address -  this is where the Waves tokens will be distributed. You can create a Waves address through the official client.
  • Some altcoin like Bitcoin or Ethereum that you can exchange for Waves coins.

Once you have that, visit an exchange like Binance to buy some Waves.


It’s also possible to buy Waves coin through the Lite Waves app on Chrome and also the Lite Waves Wallet.


To do that, just follow the steps below:

  • 1
    Go to this website - https://waveswallet.io/
  • 2
    Select ‘New Account’ to register on the site.Take note of the seed.
  • 4
    Select ‘Deposit’ in the Waves Wallet section.
  • 5
    Select a currency to purchase the Waves coin with, then enter the desired amount in EUR or USD.
  • 6
    Click the ‘Buy’ option.
  • 7
    Pay for the transaction through the secure gateway.
  • 8
    Soon, your Waves coins will be credited to your Waves wallet.

We can’t stress enough that you must take care of the seed.


This is the only method of recovering your account in the event of your wallet getting lost, data being corrupted or hardware failing. Make no mistake – the seed is crucial!


The Future of the Waves Coin


Waves has already been adopted by a number of organizations around the world, forming the foundation of businesses with an eye on the future.


Here are just a few examples of how Waves is transforming industries:

  • Tokenomica – A venture capital organization with a focus on transparency.
  • Upcoin  – An initiative for political engagement.
  • ZrCoin – A business whose manufacturing technology is green at heart.
  • EncryptoTel – A super-secure telecoms infrastructure company.

Want more?


How about Waves NG? This innovative project has helped Waves become the world’s fastest blockchain in production right now.


And then there is Waves Lab. This incubator for blockchain tech experts has a particular focus on the teams and projects that are developing ICOs.


It aims to nurture some of the best and brightest minds in the world, helping them find revolutionary solutions to the world’s problems, through the use of the Waves platform.


The Waves coin has a promising future, and it’s one that has come together despite a great deal of effort on the marketing front.


For many people, this cryptocurrency is still somewhat undiscovered. However, that won’t stay that way for much longer.


Today might well be the best time to get in on Waves, before the mania takes over and the price skyrockets as the world finds out just how good this coin could be.

 

 


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