Decided WAVES is a good investment? You can get WAVES on FTX today.
As the decentralized finance (DeFi) industry continues to grow exponentially, many new tokens and blockchains are being built every single day. One project, Waves, makes it easy for everyday people to join the crypto space and create their own tokens.
Waves was initially launched to improve Ethereum’s speed, utility and user-friendliness. Since its creation, Waves has undergone various changes, making it the blockchain platform it is today.
What is Waves?
Waves is a multi-purpose blockchain platform that supports the development of decentralized applications (DApps) through smart contracts. Waves uses the proof-of-stake consensus mechanism to verify block transactions.
The platform was launched in June 2016 following the industry's earliest initial coin offerings (ICO) and was founded by Ukrainian-born scientist Alexander Ivanov. Waves was created to help users create and launch their own crypto tokens. The idea is that individuals with no prior programming experience or knowledge of smart contracts will be able to deploy a contract.
WAVES is the native token for the Waves blockchain used for standard payments and block rewards. Essentially, the WAVES token is used for all transactions on the network. Users are also able to stake WAVES to earn yield.
WAVES Price History
The current market cap for WAVES is roughly $2 billion, with an unlimited maximum supply. WAVES price has grown considerably over the past few years. It experienced its first bull cycle back in December 2017 (same time as Bitcoin’s run) then entered a long-term bear market. At the end of 2020 WAVES entered another bullish cycle, seeing prices as high at $42.
Since the development of Waves, other products have appeared offering similar services. Gravity, which is a cross-chain oracle network, and Neutrino are just a few examples. The benefit that Waves has on its competitors is that it was the first established product of its kind in the DeFi space, giving it much more credibility.
How to Buy WAVES
You can buy WAVES on FTX. A centralized exchange like FTX is a great choice for individuals to start buying cryptocurrency. Before you begin trading, you will be required to verify your identity by stating your legal first and last name, uploading a photo of your government ID and sending in a photo of yourself.
Best Hardware Wallet For WAVES
When owning a digital asset like cryptocurrency, it is often smart to get a hardware wallet to keep your private keys safe. A hardware wallet is the best way to ensure that your private keys and digital assets remain secure.
Best Hardware Wallet: Ledger
Ledger is the most recognized offline hardware wallet currently available. It connects to Bluetooth and USB, depending on whether you want to use your computer or mobile device. Ledger’s application also makes it much easier to secure, store and manage your assets.
Keep an eye out for future projects being built on Waves, as they will add value to the network.
Cryptocurrency Market Outlook
This hesitant time in the market has resulted from investors waiting to see if Bitcoin price will rally or continue to fall. The following weeks will be important in determining the future of the crypto market.
Is WAVES a Good Investment?
For individuals looking to invest in alternative blockchain platforms, WAVES may be a good investment for you. WAVES may also be a solid investment for people looking to use its platform. If you are interested in deploying a token or smart contract and want to have a user-friendly blockchain experience, WAVES may be a great option. For individuals who want to maximize short-term gains and are looking for exponential growth, WAVES may not be the best investment choice.
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