WAVES Open-blockchain financial platform. Blockchain for the people.
WAVES listed on OKEX
The world’s second-largest exchange by trading volume now offers WAVES trading against BTC, ETH, USDT and OKB.
The Waves Platform is thrilled to announce its token will be listed on OKEX, one of the world’s foremost cryptocurrency exchanges. WAVES will join the extensive list of coins and tokens offered by the platform, with four trading pairs: Bitcoin, Ether, Tether and OKB, the exchange’s global utility and loyalty token.
According to OKEX, the schedule for the listing is as follows:
1. WAVES deposit — 08:00 Jun 14 (UTC +0) 2. WAVES spot trading (BTC, ETH, USDT, OKB Market) — 08:00 Jun 15 (UTC +0) 3. WAVES withdrawal — 10:00 Jun 18 (UTC +0)
“We’re really pleased to be able to announce this partnership with OKEX, which has established itself as a gold standard for crypto trading,” comments Sasha Ivanov, CEO of Waves. “The ability to trade WAVES against multiple different cryptos within such a large market is tremendously valuable in terms of liquidity, and the USDT market allows traders to park funds in a stable currency while keeping them within the crypto economy. Listing on OKEX will open the Waves Platform to a completely new audience.”
Founded in 2014, OKEX has received investments from VenturesLab (co-founded by Tim Draper), Ceyuan Ventures, Giant Network Group, Longling Capital (founded by the Chairman of Meitu), Qianhe Capital Management, and eLong Inc. This solid foundation has drawn experts in technology and business from the world’s top organisations, allowing OKEX to offer safe, stable and reliable trading services through internet and mobile solutions.
Waves GO - Activation Statement
Dear Waves Community,
With the recent Waves Node release, four exciting features/improvements are up for voting.
Data Transaction, feature number 5
Burn Any Tokens, 6
Fee Sponsorship, 7
Fair PoS, 8
TLDR; we are voting YES on all four of them.
- Fair PoS is a necessary change in order to further decentralize the network and create a fair (=proportional) block producer selection process.
- Data Transaction is a great, useful feature and enables new use cases for the Waves network.
- Fee Sponsorship fixes the token fee feature, which was not usable after the upgrade to Waves-NG.
- Burn Any Tokens allows any address to burn tokens
Following we will get into the details of each feature
Since its inception, Waves used the same pure Proof-of-Stake algorithm as Nxt. Ideally, the chance to forge the next block is proportional to the amount of Waves (held or leased) on the corresponding node address and the total of all Waves involved in the forging process at that particular point in time. Unfortunately, this has not been entirely true on the Waves blockchain as the Nxt algorithm is skewed towards favoring larger balances as you can see here http://dev.pywaves.org/generators-weekly/ .We at WavesGo got a performance ratio of 1.135 during the last month, in other words creating 13,5 % more blocks than we should. This leads to us receiving more fees and, subsequently, a higher reward for our lessors.
The Fair Proof-of-Stake update is going to fix these issues by implementing an improved algorithm. In the future, every node’s chance will be proportional to its stake. We expect this to support the decentralization of Waves as small nodes will receive the same proportional rewards making it more attractive to run a node in the first place. Furthermore, the new algorithm decreases the chance of multi-branching attacks. If you are interested in more technical details, please find the paper, written by the Waves team, here(https://github.com/wavesplatform/waves-documentation/blob/master/platform-features/fair-pos.md)
Up to today, nodes had to decide which tokens they want to accept as fees. This led to a lot of open questions, long confirmation times as well as insufficient token fees compared to transactions paid in WAVES. While we do see the advantages of utilizing tokens as fees, the current approach got further broken due to the activation of Waves-NG. In Waves-NG, the fees get split 40/60 (creator block X/creator block X+1), which leads miners to receive tokens they have never chosen to accept. Last but not least, we have to be conscious of the fact that anything written into the blockchain is going to stay there forever; if this data storage is too cheap, we will see massive blockchain bloat.
With the Fee Sponsorship feature, we can now tackle these issues by still allowing token as fees but miners receiving regular compensation in Waves. Sponsoring transactions will be more expensive than the current model but still ensures business models built around a token ecosystem are feasible.
Example (thanks to Alexey Kofman) :
I issue my own asset — Super Coin. I want others to use super coin as a fee.
I create a SponsoredFeeAssetTransaction (asset=”Super Coin’s id”, sponsored=true, transactionFee=0.1). Then I put 100 waves to my account. Now anyone can create Transfer transaction with 0.1 super coin as a fee. Someone creates transaction with fee = 0.1 super coin, as a result I get 0.1 super coin on my account, and miners get 0.001 waves from my account.
Since I have 100 waves, users can do 100,000 transaction until the deposit will be fully transferred to miners, at this moment I will have 10,000 super coins from fees. As soon as the deposit is gone, no new transactions with super coin fees can be made.
Nodes (including ourselves) have included unreasonably low-cost transactions for quite some time in order to help growing projects and decreasing barriers for startups.
While this feature might be controversial and will lead to some nodes not being able to distribute their rewards every week, we think it is a necessary fix to the Waves ecosystem and its monetary incentives, with a better focus on WAVES itself.
With the upcoming release of first elements of non-Turing complete smart contracts on Waves, the network also needs a better fit for including data on the blockchain. While it’s possible to store arbitrary data on almost any blockchain, only a few are designed for this specific need. In order to serve the needs of businesses, a new transaction type is needed.
Data Transactions enable use cases like certifying authorship or origin, but more prominently will make it possible to provide data for smart contracts. The agent publishing this data to the blockchain is called oracle; imagine it as a one-way bridge writing data from an external source into the blockchain.
The data will be structured as as key-value pairs (for example key being “city” and value being “zurich” or “berlin”). If you would like to know more technical details, find an extensive overview here
Burn any Token
A nice-to-have feature to tackle the current scam/spam issue. Until now, only the asset issuer (address which created the token) was able to burn a token. With this feature, any address can burn tokens which it holds.
The Waves network is constantly growing and evolving at a rapid pace. We are looking forward to seeing further development and hopefully the first smart contracts applications in the wild by the end of summer. The Waves Platform is at the forefront of making blockchain accessible to the masses and we are proud to be a part of this community.
If you have any questions/feedback/suggestions, just shoot us a message.
The WavesGo Team
Waves exchange update - WAVES Is Now Listed On Huobi
The third largest cryptocurrency exchange in the world will now offer trading WAVES in 2 pairs, against BTC and ETH.
The Waves team is pleased to announce another major exchange partnership — trading on Huobi, the top three exchange.
“This is the next great news that we are excited to share with the community,” says Sasha Ivanov, CEO and founder of Waves. “Now that WAVES is added to the three leading crypto exchanges, we’ve made it possible to hundreds of millions of users across the world to join the trading. As the work continues and we look forward to releasing the first generation of the smart contracts, it’s great news that WAVES is gaining traction with exchanges and their customers.’
According to Huobi, the schedule for the listing is as follows:
- WAVES deposit — 08:00 Jun 21 (GMT +0)
- WAVES/BTC and WAVES/ETH trading — 08:00 Jun 22 (GMT +0)
- WAVES withdrawal — 08:00 Jun 24 (GMT +0)
The new listing follows the previous week announcement of WAVES being added to OKEX, now trading against BTC, ETH, USDT and OKB.
Huobi was founded in 2013 and rapidly grew to become one of the most popular cryptocurrency trading services, with offices in Singapore, the US, Japan, Korea and Hong Kong, and a trading community that spans 130 countries. Daily trading volumes now approach half a billion dollars, across BTC, USDT, ETH, and HT pairs. Margin and OTC trading are available for certain pairs.
Waves Release Version 0.13.4 (Mainnet Only)
In this release
This is a bug fix release. We have fixed various API bugs and validation issues.
This is mandatory release. Miners have to update to this release before the activation of the Data Transaction feature.
We have made some changes to the storage's structure. Please, rebuild your node's storage. Use lates binary blockchain file to import or resync the node from the network.
MD5 (waves-all-0.13.4.jar) = f114d4366b9b5cb429e39fbc5f3c23ad MD5 (waves_0.13.4_all.deb) = a7c61d81765eeb8a95a7a35bd43865f0
Tokenise Anything With Waves
The Waves Platform makes it really, really easy to create and manage digital tokens, facilitating a huge range of new business models and use cases. It is possible to tokenise just about anything, if you go about it the right way — as just some of the examples on the Waves blockchain demonstrate!
Soccer Token. Waves team are airdropping 150,000 SOCCER tokens to the community. At the end of the World Cup, these tokens will be bought back — at a price depending on the initial odds of becoming the winning team. In other words, if a team with only an outside chance makes it, holders will benefit big time!
MutCoin. Hand-in-hand with SOCCER goes MutCoin (named after former Minister of Sport Vitaly Mutko), another initiative by Waves. This one is focused on the performance of the Russian national team, with buyback prices depending on how well they do — if they win, the prize fund will run to millions of dollars! 50,000 tokens are being airdropped to the community, with another 50,000 reserved for the Russian team and their coaches.
World Cup tokens. A different take on tokenising sport: this time, a token is issued for each team and tokens are sold at market prices. With 96% of the revenues airdropped to holders of the winning team’s token at the end of the tournament, tokens will change hands at a price that reflects their current success — making this a great option for crypto traders and soccer fans.
BOLTT. A health and fitness app, supported by a collection of wearable tech. The Boltt app is the world’s first mobile AI trainer, converting data into actionable feedback — all of which is gamified by the BOLTT token.
Be Fit. Earn cash from sweat with BEFIT crypto, a reward system that allows you to pay for training sessions and equipment with digital cash that you earn by using them.
Staps. This token also rewards physical activity, enabling users to ‘mine’ Staps just by walking. The coin is supported by an ecosystem of businesses and services, increasing demand and giving the token real-world benefit.
Incent. Using the blockchain enables a totally different approach to the rewards sector. Incent are issued at the point of purchase by the customer, but these are points that have real monetary value, and that you can hold, spend, transfer and trade openly — unlike the classic IOU or ‘fiat’ model of traditional loyalty points.
APIS. This is a great use case for tokens. A group of bee-keeping experts based in Romania have crowdfunded several colonies of bees, with a focus on ecology and maintaining bee populations, which are vital for the health of the environment. Token holders can customise their hives, and will receive a proportion of the honey produced every month, as well as other benefits.
SweCoin. This is a ‘real economy’ use case for Waves. SweCoin is a utility token that is backed by Sorgin, a universal plant growth promoter. One SweCoin is equal to the price of 1 kg Sorgin — something that is being driven higher by increased demand for environmentally-friendly agrochemicals.
These are just some of the examples of tokens on Waves. There are many other ways to go about tokenising a business model or other idea, from competitions and loyalty to digital identity and online services.
Huge news : WAVES New DEX Launched
Huge news: Waves’ decentralised exchange has undergone a major redesign and UI update, making it more user-friendly and professional-looking than ever before!
Here are the main highlights for the new DEX:
- Completely new UI, in line with the top professional platforms
- Improved app stability and performance by moving to custom-built data infrastructure and API
While other projects are still trying hard to achieve cutting-edge functionality, speed and security, we’ve already got those covered — and there’s much more to come. Here are further reasons you should only use the Waves DEX:
- Decentralised and anonymous. No middle man or difficult registration procedures. Funds are stored safely in your wallet, not on the exchange.
- Real liquidity. >$6,310,000 average 24h volume.
- Insanely low fees. <$0.01 (0.003 WAVES) per order.
- Fast and secure. Matcher nodes execute trades in near-real time, whilst the Waves-NG protocol ensures that settlement occurs on the blockchain within seconds — giving speeds similar to centralised exchanges.
- Unlimited withdrawal limits for crypto.
- Issue a token and see it on DEX straight away. All tokens launched within the Waves Platform appear on DEX immediately after issuance and can be traded instantly.
- Trading of any pairs. Easy and flexible search for a given pair, from hundreds of thousands of possibilities.
- Multiple fiat and crypto gateways. BTC, BCH, ETH, WAVES, ZEC, DASH, LTC and XMR; EUR, USD and TRY.
- Available for any device. Use DEX within your browser, or in standalone or mobile versions.
Now, let’s take a closer look at the new DEX UI.
All tokens issued on the Waves Platform appear on DEX right after they are created. You can trade them against any of the other 16,000 tokens issued so far, in any pair combination.
With the new Watchlist, you can find any pairs you’re interested in, quickly and easily. Here’s a full rundown of Watchlist features:
- Search by full pair, not just one token
- Add any pair to Favourites
- Market volume calculation by pair
- Sorting of pairs — all pairs are organised by volume by default, so the most liquid examples come up first
- Token ID info can be obtained with one click
- Highlighting for volume of a submitted order
- User’s orders are highlighted in the list of all orders
- Returning to the centre allows comfortable viewing of order list after scrolling
My open orders
- View detailed info on partially fulfilled orders
- Sorting and filtering
- ‘Close all’ button that allows cancellation of all orders at once
- Total field can be edited
- Scheduling of orders for a precise time now available within UI
- Ask, Bid, and Last buttons allow quick trades at market price
- Trading history. Detailed trading history.
- My balance. Lists of all balances and tokens the user has in their possession.
We hope you’ll agree that the most recent set of updates brings the Waves DEX into line with the user experiences of the most popular crypto exchanges, and in fact offers even more sophisticated functionality than some of the top trading platforms. Liquidity is increasing all the time, and we expect to see many, many more traders take the step to using a decentralised platform that is free from hacks and downtime. Come and join them!