What Is The WAVES CRYPTOCURRENCY?

 

Waves (WAVES) Cryptocurrency is a multi-purpose blockchain platform that supports different use cases, including the DApps or decentralized applications and smart contracts. The Waves (WAVES) Cryptocurrency was launched in June 2016 following one of the earliest initial coin offerings (ICO) in the industry of cryptocurrency. It has improved on the first blockchain platforms by increasing the utility, speed, and user-friendliness. 

Furthermore, the platform has undergone various changes and added new spin-off features to build on its original design. The native token of the Waves (WAVES) Cryptocurrency is WAVES, an uncapped supply token used for standard payments such as block rewards. 

 

WHO ARE THE FOUNDERS OF WAVES (WAVES) CRYPTOCURRENCY?

The Waves (WAVES) Cryptocurrency is synonymous with its founder, Alexander Ivanov, also known as Sasha Ivanov, a scientist born in Ukraine. Before creating the Waves (WAVES) Cryptocurrency, Alexander Ivanov was already active in the cryptocurrency space, releasing the now-defunct instant exchange called Coinomat and indexing the site Cooleindex. He has also created an early version of a stable coin called CoinoUSD tied to the US dollar. Furthermore, Alexander Ivanov is publicly active in promoting waves and gave frequent interviews on the platform and the broader blockchain industry trends. According to the marketing literature of Waves (WAVES) Cryptocurrency, the company now employs more than 180 people in different locations, including Switzerland and Moscow. 

WHAT MAKES THE WAVES (WAVES) CRYPTOCURRENCY UNIQUE?

As one of the very first offerings in cryptocurrency, the Waves (WAVES) Cryptocurrency set out to improve on the early blockchain platforms and other products. From the outset, the waves cryptocurrency focuses on appealing to prospective business clients looking to use the blockchain to create new services while improving ongoing processes. The Waves (WAVES) Cryptocurrency supported the smart contract and the DApp development that further ensures the speeds and the ease of use have surpassed the competition at the time. Since then, various products have appeared, including Gravity, a cross-chain and oracle network, and Defi (decentralized finance) focussed platform Neutrino. Furthermore, Waves (WAVES) DEX is also a decentralized cryptocurrency exchange. In the year 2020, the Waves (WAVES) Cryptocurrency announced that its platform would be interoperable with the network of Ethereum by releasing the WAVES token as an ERC-20 standard asset.

HOW MANY WAVES (WAVES) OF CRYPTOCURRENCY COINS ARE THERE IN CIRCULATION?

The Waves (WAVES) Cryptocurrency started as a fixed cap token for the WAVES platform with around 100 million available tickets. In its initial coin offering, which raised around 30,000 BTC, more than 85% of the supply was sent to the sale participants, 4% to the supporters and partners, 9% to the developers, and 1% each to the early supporters and the bounty schemes that occurred after the ICO. its utility increased in time and the year 2019, it was decided that it will remove the supply cap with the decision making transferred to the network participants. Currently, the block reward is 6 WAVES, and any changes that may come in the form of votes, the users must choose whether or not to decrease the block rewards by 0.5 WAVES every 110,000 blocks.

KEY EVENTS AND MANAGEMENT

The Waves (WAVES) Cryptocurrency platform was created in 2016 by a Russian theoretical physicist Sasha Ivanov, who named the project of Albert Einstein the gravitational waves theory. This project was developed based on the following blockchain protocol, and he realized the limitations of the Nxt protocol brought to his task and decided to create a platform that met his needs at a better rate. As the platform developed, the Waves (WAVES) Cryptocurrency became the official partner of Deloitte’s famous accounting firm and entered a collaborative partnership with Microsoft’s Azure cloud computing business. 

 

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