Waves Platform Adds 3 New Exchanges

Announcement Could Send Coin Price Rising

What is Waves ?

Let’s first start with what the Waves Platform actually is, so that those new to cryptocurrencies can understand the big announcement from the company yesterday, via their blog on Medium at: https://blog.wavesplatform.com/three-exchanges-list-waves-60d247a188b9 , that they were being listed on 3 additional cryptocurrency exchanges.

The Waves Platform uses blockchain technology to allow users to store, manage, trade, issue, and analyse their digital assets safely on Waves blockchain. Users can also trade digital assets on Waves DEX (decentralised exchange) platform as well.

Similar to Ethereum, you can build your own token and use it for crowdfunding purposes, yet with a much easier to use interface system. Waves tokens have been used to hold some of the larger ICO’s according to their homepage, with Primalbaseraising over 3000 BTC and MobileGogenerating $53 million. Total claims to tokens sold for 6,302 for over a $1 billion dollars in fundraising efforts for startup projects and businesses alike. While some critics say they need more big names like Primalbase and MobileGo to really make a name for themselves versus Ethereum to use the Waves Platform as a crowdfunding service.

What makes Waves more attractive to some startups and investors rather than Ethereum, is that you can also upload US Dollars into the Waves Wallet in addition to the easier to use system. Waves also has a light client version of their software with all functions of the blockchain available in an easy to use interface. They also have a mobile wallet version available on the Google Play store and the App Store by Apple as well. Waves goal is to make blockchain access capable for developers looking to explore blockchain technology as a solution to their digital needs.

Why Waves Is a Up & Comer

While facing growing pains like other blockchain startups, Waves seems to be handling their issues better than others. Not only do they offer the lightweight client, they also have the exchange where you can buy, sell, and trade Waves platform supported tokens. While mobile wallets still have questions surrounding the security and functionality of them, the only way to make improvements is to find out what is lacking, and having at least a beta version of a mobile wallet is better than some of their competitors. One separates Waves from many other cryptocurrencies is the ability to store US Dollars as well. We feel this will make it more attractive to the blockchain newcomers who through research and investigation find these easier ways to use blockchain, other than Bitcoin and Ethereum.

Also, there is the option to earn interest on your Waves token, or lease them out to mining pools. While we didn’t get a chance to play around with this feature prior to the writing of this article, our partner site Poor Man’s Mining Reviews, is currently researching the Waves mining process and proof of stakes. While a little more complicated than investing in coins, mining pools investing has been very profitable for other companies like BitConnect.

Finally, the price of Waves is what has many investors intrigued. With the rise in popularity of ICO’s and cryptocurrency trading, at $4.88 in price at the time of writing this article, is priced at a really good value for some long term gains. They seem to be adjusting to the markets well so far and aggressively pursuing new users. Being we run a cryptocurrency news service, we do think that more widestream adoption of blockchain technology to occur, so we do think our readers should do some research on Waves. While it is risky just like any other investment, this writer will be holding on his Waves coins and hoping for some even better returns.

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Research Sources: https://wavesplatform.com/ , https://wavesplatform.com/product , https://chrome.google.com/webstore/category/extensions , https://coinmarketcap.com/ , https://coinmarketcap.com/currencies/waves/ , https://ethereum.org/ , https://primalbase.com/ , https://mobilego.io/ , https://www.poormansmining.com/ , https://bitconnect.co/?ref=rameseslabs , https://bitcoin.org/