What Is the ‘Waves Coin’, and How It Works?

The secret behind Blockchain and Bitcoins is no more a secret. Both of them will change your life for the better. Although, considerable success has been seen in regards to cryptocurrencies, there is still a long way to go. The technology is in its incipient and numerous issues need to be addressed before cryptocurrencies are widely accepted by the masses.
Buying and selling cryptocurrencies is still a complex task in many countries as it is hard to find immediate access to the Chinese Yuan, Us Dollar or the Euro. The presence of such friction, signals that there is much that is still needed to be achieved.
We now have a blockchain platform that aims to limit the presence of such friction. The blockchain platform by the name of Waves is making a positive impact across the globe as it advocates a decentralized place for funding and tokenization.
The terms may seem technical to you, but before we make it simple there is something that you should know. The price for Waves was $0.7 per unit in June 2016, but these prices have now soared up high to $5 per unit during this year. The 600% positive increase is just difficult to ignore and shows the demand that the people have shown.
How It Works
‘Waves’ gives users the liberty to initiate and launch custom tokens. In simple words you can now launch your very own cryptocurrency of your choice. By decentralizing crowdfunding and trading, you can ensure that fiat currency like USD/EUR come right into your wallet.
You will be able to fund and launch ICOs for projects from across the globe. The ICOs could be launched in a matter of minutes, without having to go through intensive crypto coding. The ease of access will not only make life easier for all new start-ups but will also ensure that there is a dawn of a new era for community-backed projects.
Key Features
Some of the key features that the Waves platform brings are:
WavesDex: WavesDex is a perfect decentralized exchange for trading decentralized assets. Built on the Waves blockchain, WavesDex allows traders to trade other cryptocurrencies with asset tokens issued through the platform.
Smart Contracts: The smart contracts in Waves platform are not really complex, but are equally powerful and secure like they are on the other platforms.
Tokenization: While you can make your own crytocurrencies or token by yourself within a minute, you will need at least 1 token from Waves to do so. With the token in your hand, you can cater to a lot of other details and enhance your crowd funding.
Fiat Gateways: Fiat Gateways in the platform, give users the luxury to exchange any token issued through Waves for real money that you can eventually deposit in a bank.
Through an exemplary system, Waves aims to mix the best of both worlds and create a smooth transaction system between centralized and decentralized systems.

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