What is WAVES?
WAVES is a cryptocurrency of the Waves platform of the same name with an identical ticker. Waves was created in 2016 by Alexander Ivanov. The cryptocurrency was one of the first to enter the ICO, raising 30,000 BTC. The initial supply of coins was distributed to investors and project partners.
WAVES is an ERC-20 token that runs on the Ethereum blockchain. The open-source system uses a modified consensus Proof-of-Stake (PoS) algorithm called WavesNG, based on Bitcoin-NG. Although there was originally a limit of 100 million coins, the platform's creators dropped that limit in 2019. Each block now generates 6 WAVES, and coin holders can decide to reduce this by 0.5 WAVES every 110,000 blocks.
How did the price of WAVES change?
At the start of sales, the coins were priced at $1.1, but the price quickly dropped to 12 cents. It took a long time for the crypto to climb out of the downturn, but it reached its starting point in mid-2017. Against the backdrop of a general market upturn, WAVES also saw the price rise to $16. After the general downturn, the cryptocurrency rate ranged from $0.50 to $2.50 until the second half of 2020.
The WAVES rate against the US dollar only markedly went up at the end of 2020. The price has set several records since then, but peaked on 5 May 2021 at $35.9. After that, the rate briefly rebounded to $13, but then rose again. It is now hovering around $30.
What are the prospects for WAVES Coin?
Due to its decentralized management and open source code, WAVES is actively growing. It was created as an alternative to the slow-moving bitcoin, and it is succeeding in its role as a fast and convenient blockchain. The platform is widely used by companies and developers for smart contracts and decentralised applications.
How do I buy WAVES?
There are several ways to buy or sell WAVES. If you want to exchange one crypto for another, you can place an order on an exchange or do a direct swap on the Bitcoin Global P2P platform. Another option is to exchange crypto for the coins you want. This can be done in a couple of clicks in the exchange section. Each option has its own advantages and you can choose the ideal one for you.