What Is WAVES?
WAVES has approached its record highs, and more people are interested in investing. But why is this coin unique, and where can it be exchanged at fair rates anonymously?
WAVES is a blockchain for those interested in developing decentralized applications and programming and implementing smart contracts. It was created in June 2016 by Alexander Ivanov, and he sold it as a blockchain with increased transaction speed that is easy to use.
WAVES is the token of this blockchain, but users can create their own tokens. They can also engage in crowdfunding to start various projects. Another thing worth mentioning is that it was one of the first blockchains to start an initial coin offering (ICO).
WAVES Price History
Several months after the ICO, the WAVES price chart indicated a surge to almost $16 per token and then crashed. However, it maintained a high value afterward relative to its initial price. 2020 saw it once again rise in value starting at the beginning of 2020. Since then, its price has steadily grown. Those who invested in this token in December 2019 would have seen a significant increase in their portfolios.
Circulation of WAVES
The ICO resulted in 85 percent of the coins being sold to partners, developers, and various investors. It started as a fixed-cap token, but later the development team decided to remove the cap sometime in 2019. This may have had an effect on the token’s value because WAVES price USD steadily rose the following year.
New WAVES coins enter into circulation by mining, and for each block formed, a miner is rewarded 6 WAVES. The decision on whether rewards for mining are increased or decreased is voted on by users every 100,000 blocks.
Ways to Get WAVES
- Mining. Mining requires you to buy several graphics processing units (GPU) and have access to a reliable and cheap source of electricity. The more computing power a person has at their disposal, the more likely they are to mine a block.
- P2P. Trading with someone who wants these tokens on a P2P network or in person is also a possibility. However, it might be hard to find someone interested in buying WAVES, depending on market conditions.
- Exchanges. Exchanges are a trader’s best bet, and if you want to convert WAVES crypto anonymously, Godex is your next destination. This platform does not require you to register an account or go through KYC procedures.