Waves [WAVES] - Custom Tokens On A Decentralized Exchange
Price Info - https://coinmarketcap.com/currencies/waves/
The Waves Platform is a decentralized exchange and blockchain in which you can launch your own tokens. As opposed to other cryptocurrencies, you don’t have to download the blockchain to use Waves’ client. They offer the possibility of fiat deposits, a multi-currency wallet, portfolio control, a crowdfunding platform, decentralized voting, and an encrypted messenger service.
WAVES-NG network launch, aimed at expanding bandwidth and block creation. This allows for high load on-chain and benefit the partnership with the Russian National Settlement Depository. In November 2017, Waves stress-tested the Waves-NG mainnet. the results were extremely promising. the Mainnet was released in mid-December 2017.
Waves added a new token to its decentralized exchange called Liquid. It’s a mechanism for liquidity for new projects launching on the platform.
The way it works is a new token can buy Liquid and then send it to market makers. The market makers then use Liquid to create new trading pairs for the new token. The addition of this feature will bring more liquidity to the Waves decentralized exchange
In late 2017, Waves launched Waves Lab.
The Waves Lab takes promising startups that on the Waves platform, equipping them with financial, legal, and technical advice, as well as marketing assistance to make sure its projects get oﬀ to a flying start.
The first projects include Simdaq (a social trading platform), MyTrackNet (a blockchain-based, geo-tracking application), Viso (a hybrid e-payments/
cryptocurrency payment platform), and Likey (a one-stop shop for loyalty programs).
Simdaq reached its hard cap of $5 million in just 28 hours thanks its partnership with the Waves Lab incubator.
Waves Lab is now reviewing hundreds of applications for its next set of participants.
Waves ﬁnished the year 2017 thus: It released its new consensus algorithm, Waves-NG, which means Waves can now process 1,000 transactions per second.
It also partnered with Tokenomica to provide a 100% compliant legal framework for token crowdsales, including private equity crowdsales. then it launched the Waves Lab blockchain incubator. the incubator will provide up to $300,000 for pre-ICO startups. And ﬁnally, Waves launched a blockchain venture capital fund called Basics. the fund will focus on investing in promising blockchain infrastructure projects.
Waves released a desktop app at the end of January 2018. It’s available for Windows, MacOS, and Linux. There’s also been several partnership announcements. One is with AIFC, the Astana International Financial Center. Based in Kazakhstan, the partnership is a signiﬁcant step towards the normalization and adoption of blockchain technology at the state level.
Waves also announced that RewardMob, an eSports-based reward platform, will be using the Waves platform. RewardMob chose the platform for its user friendliness and speed. To ﬁght fraudulent activity, Waves partnered with Group-IB, a cybersecurity ﬁrm. Waves and Group-IB will be working together to ﬁght phishing scams.
Finally, Waves announced a partnership with Tokenomy, a global token exchange and crowdfunding platform. Tokenomy is a one-stop shop where you can go from proposing a project to doing an ICO and getting your token listed. Tokenomy will use the Waves platform to create secure tokens.
Waves made great strides in 2017 to make this possible. Key projects included the launch of Waves-NG and the release of Waves Client 1.0. Wages-NG, a new consensus algorithm, improved the speed and scalability of the platform. And Waves Client 1.0 was a complete overhaul of the user interface.
The advancements and ICOs have led to rapid growth of the ecosystem.
The Waves decentralized exchange, for example, is now regularly doing over 10,000 transactions per day. It launched in the second quarter of 2017.
The Waves ecosystem now regularly does over 100,000 transactions per day. At the beginning of 2017, it was less than 1,000 per day.
Looking forward for 2018, Waves will continue to incubate new projects on its platform, add a blockchain messenger service to the platform, and add smart contract functionality.
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