What is Waves?
Waves is an open blockchain platform designed for ease of use and mass adoption. Anyone can use Waves to launch, distribute and trade their own crypto token. The platform is fully decentralised, transparent and auditable.
Waves is honestly one of my favorite investment.
Not with regards to Return of Investment, but with regards to technology, because in the long run the companies with great technologies are going to survive, and majority others are going to collapse.
At the time of writing this, these are the price statistics of Waves Platform:
It's a steal to buy it at this rate.
Let me break it down for you why I think Waves is Awesome!
- Fully Functioning Decentralized Exchange.
So many ICOs have come up and gone with the focus on Dex, but they're all theoretical, but with Waves, the product is working and is impressive.
- Unlimited trading pairs
Unlike Poloniex or Bittrex, where your major trading pairs are USD/BTC/Eth in Waves, there is no one particular trading pair, you can exchange your Litecoin to buy a Tidex Token. You have a lot of tokens which you got in an ICO on waves platform? You can exchange it for another ICO token, without the need to convert it to BTC.
You can exchange your ICO 1 token with ICO 12 token, without needing to convert ICO1 to BTC to ICO 12 token. :)
- Fiat Gateways:
Everyone hates websites like Coinbase etc, as they're centralized and a huge cost of fees is wasted in transferring to Bittrex etc to trade.
Well, you can buy BTC, Waves, Bitcoin Cash, Ethereum, Zcash, Litecoin using the Fiat Gateway, and they'll get directly funded in your wallet/dex which you can use to trade! :)
- Commitment to decentralization:
Waves Platform is truly decentralized in nature, even when you have so many tokens/coins to deal with, you OWN you private keys, and no one has access to them except you. Which makes it a way better exchange than Bittrex/Poloniex/Binance.
- Built for people:
The ideology of Waves is that it wants to provide access to Blockchain to the masses and that's why it was built
- Easy Tokenization/ Building ICOs
You wanna make your own coin? ICO? Well in a general case, you need to learn programming to build smart contracts to make erc20 tokens for yourself.
But with Waves, anyone can create tokens with a click of a button without learning to code. :)
- Flat fee
Theirs a fixed transaction fee in the dex .003 Waves per transaction. Which is pretty dope imho.
- Waves Fastest Blockchain
After enabling Waves N.G. Waves is supposed to be the fastest blockchain, when it comes to transaction time.
Also after N.G. It can handle thousands of transaction every minute, way better than Ethereum and Bitcoin.
Read More here.
Someone has posted the roadmap, so I wont discuss things which are coming up in future, but they're pretty good. Smart Contracts will launch like next month, and there's hardware wallet support for Waves soon, which means all tokens built on Waves might get a hardware support as well and what not.
Few down sides I see is:
The volume is pretty low in DEX, its not like Bittrex where you place an order and things get sold no matter which coin it is, but thne over the time the issue will solve itself, as more awareness is produced.
The Lack of awareness among people, with such an awesome product, very less people use it.
Waves will be a solid asset in your portfolio, which will reap major benefits in long run. The product is working and live, unlike most of the other companies.
This is a guest post written by Dheeraj Shah (Twitter, Instagram)