What is the issuance and circulation of WAVES coins?

With a limited supply of 100 million tokens and nearly 100 million currently in circulation, WAVES coins facilitate transactions, voting, and ecosystem participation on the WAVES blockchain.

Nov 22, 2024 at 10:19 am

What is the Issuance and Circulation of WAVES Coins?

WAVES is an open-source blockchain platform that allows for the creation of decentralized applications and the issuance of custom tokens. The WAVES token (WAVES) is a utility token used to pay for transactions on the WAVES blockchain, vote on proposals, and participate in the WAVES ecosystem.

Issuance of WAVES Coins

The total supply of WAVES coins is limited to 100,000,000 tokens. 99.9% of these tokens were issued and distributed through an initial coin offering (ICO) held from June 1 to June 30, 2016. The remaining 0.1% was retained by the WAVES team for development purposes.

Current Timeline for WAVES and its future

2016: Waves was launched in 2016, along with its native token, WAVES.

2017: WavesGo mobile wallet launched.

2018:

• Waves launched Waves DEX, a decentralized exchange allowing users to trade tokens securely without intermediaries.
• Waves launched its Waves Enterprise blockchain solution for businesses.

2019:

• Waves launched Ride, a tool that allows users to create and deploy custom tokens on the Waves blockchain.
• Waves launched Gravity, a solution that connects different blockchains, allowing the exchange of data and the development of cross-chain applications.

2020:

• Waves launched Waves Explorer, a block explorer that provides data and information about the Waves blockchain.
• Waves launched Neutrino, a protocol that allows for efficient and scalable blockchain applications.

2021: Waves launched Smart Contracts, allowing developers to create and deploy complex and automated contracts on the Waves blockchain.

Future Plans:

• Waves aims to expand its ecosystem by attracting more developers, users, and businesses.
• Waves will continue to invest in research and development to enhance its platform and offer new and innovative services.
• Waves will continue to work on improving the scalability and performance of its blockchain.

Circulation of WAVES Coins

The total number of WAVES coins in circulation is dynamic and varies depending on several factors, such as the issuance of new tokens through the mining process or the burning of tokens by the WAVES team.

Currently, there are about 100,000,000 WAVES coins in circulation. This number is likely to increase over time as new coins are mined and added to the circulating supply.

• Who is the founder of WAVES?

Sasha Ivanov is the founder of WAVES. Ivanov is a Russian entrepreneur and software developer with a background in finance and blockchain technology. Prior to founding WAVES, Ivanov worked as a software developer at Yandex, a Russian internet and technology company.

• What is the market cap of WAVES?

The market cap of WAVES is the total value of all WAVES coins in circulation. The market cap of WAVES fluctuates depending on the price of WAVES and the number of coins in circulation. As of July 2022, the market cap of WAVES is approximately $1 billion.

• Is WAVES a good investment?

Whether or not WAVES is a good investment depends on a number of individual factors. These factors include the individual's investment goals, risk tolerance, and financial situation. Potential investors should conduct thorough research before making any investment decisions.