Waves Platform // Steemit Crypto Academy // S5W7 // Homework Post for @imagen

QUESTION:1

(1.) Describe the Leased Proof-of-Stake (LPoS) consensus mechanism. What are the differences with Proof-of-Stake (PoS)?

Leased Proof-of-Stake (LPoS) consensus mechanism.

The leased proof-of-stake Consensus mechanism is one of the wave platform algorithm which basically deals with original PoS. Pos changes it named to LPOS in may 2017 and it prove that it is better version than POS and provides the user to get beneift from advanced feature that had updated. Held we need to understand the POS working algorithm to work on LPOS.

Proof-of-stake basically has been debated in our previous task so its simply deals with which mainly used in blockchain to validate cryptocurrency transaction by using this you can stake hold the coins although they aint restricted you to look after your transaction every nodes are available for user, simple to understand that it is the share of task which is distributed among validaters who verifies the transaction nodes. There is a proper ecosystem available for user where the pool of transaction are available and they are allowed participate in block verification.

So Leased Proof-of-stake Consensus mechanism is advanced level of POS where the trader is able lease out their waves tokens, this us because those traders who ain't participates in nodes verification they can use this lease out procedure. The tokens which are leased out are gradually added in staked amount and they promote you for the transaction validaters and you are being selected for validation of blocks. So if that bode is selected then you will be acquiring the percentage of share hence this might be very grateful towards busy persons they just need to stake and leased out the waves in order to participate in this system.

Working of Leased-Proof-of-stake:

Leased proof-of-stake work when user lease out the waves where they transact the waves tokens first, after that beneficiary address and amount of token need to be enter the fee they maintain which you need to be pay on your resulting amount then simply your waves are leased to the nodes. Furthermore the tokens which leased out they are locked 🔐 up in wallet, held they are not like that platform where the transaction never unlocked by desires time held they provide you the option to unlock your waves from that nodes and for that you need to pay a certain amount of fees which is very immaterial.

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Difference between LPOS and POS.

LPOS	POS
This mechanism is advanced by leased out your waves tokens and take part in block generation.	There is no sort of lease out procedure to take part in block generation but a complexity can be seen.
Here participation is based on lease out system where small amount of tokens are pooled to take part in block generation.	You need healthy amount of tokens to participate in POS block generation.
As LPOS is advanced version of POS since they paves convenient of Cold wallet system where LPoS furthermore move them in stakeweight.	There is no cold wallet procedure.
The leaser and block validator enjoy the margin	Here the validator enjoy the reward.

QUESTION:2

(2) Login and explore Waves.Exchange. Indicate your functionalities or options. What are the investment modalities that you offer to your users? Show Screenshots.

Login to waves and detailed explanation

Here we will define the mechanism of waves platform and illustration if its advance functionalities. You can login by this link. Further use the following step to advance your account.

Step :1

• When you do click on the provided website this link should be opened and you can see it's buffering and after a while it will start to menue page where you can login you waves account.

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Step :2

• As you can see waves exchange account has been opened and after scrolling you can see a login option there do click on that for create an account procedure.

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Step :3

• Here you can see three option open your account by Email, legder or waves keeper and software. Do click on EMAIL option.

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Step :4

• Welcome back slide has been shown, do click on sign-up option which i enlightened through arrow.

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Step :5

• Here you can see create your account, by using simple three steps enter email, enter password and confirm your password after you can read the policy and do click on confirm.

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Step :6

• Click on create your account option.

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Step :7

• After that it will will verify you by the email you provide, here is my code copy to clipboard and paste ober there for maintaining privacy concern.

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Step :8

• You can see we had registered our account and do click on loginoption for further information.

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Step :9

• Successfully after entering email and password via verifying through captcha, i opened my waves account whcih can see below.

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Step :10

• Finally i opened the advanced technology and features that they endorsed, which had to illustrate in next part.

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illustration for WAVES platforms features.

As we had created our account as you can see above with detail explanation, so use your account and my last step where i opened the option of features known as wallet, Investments, Pools, Trading and Buy Crypto. Lets exaggerate them in detail.

Wallet:

The wallet is simple feature which all know where the user stores it asset just like i used binance kukcoin and other same here you can see these options. In menu you can see Assets, deposit/withdraw, internal transaction and create assets.

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Assets where you can use multiple assets to trade in wave as the image below show you the complete information just simple and easy to withdraw and deposit your asset.

Internal transaction deals with internal assets transaction where you can mass, transfer asset transfer and contact invocations.

Create token here you can create your own token simply by using following points and enter the requirements although they also detect just one waves for this transaction.

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Investment:

This feature deals with user to invest and earn tokens which the platform acquires, as you can see they multi colour the platform with liquidity pools, lamb investments, algorithmic trading, LP staking, neutrino staking and they advancing more features in it day by day.

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Pool:

This option is very rare in many platforms where the users can stake their token against liquidity and they assembled certain some of reward for their liquidators pools, wax staking/boosting, dashboard, stats, governance, IDO, early birds where liquidity pool is neely launched held that their APY are also illustrates below.

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Trading:

In trading feature spot, swap (DeFo) and swap (Waves/USDN) simole trading mechanisms are given so beginners can easily advances their trading here. Although different fiat and currencies are admired for trader in order to trade in waves.

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Buy crypto:

Here the same mechanism uses where the trader can use his cards to access the given trades that includes buy USDN, buy bitcoin, buy waves, buy EGG and OTC.

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Part 2

Show how the process is carried out to transfer the asset to the official Waves platform. (The demonstration is mandatory but the transfer is not).

Here we need to access the transaction from a verified account mainly the procedure part is mandatory. I am using my kukcoin verified account for this purpose.

Step :1

• You can see my kukcoin account and here i will demonstrate the procedure how ti transfer your waves through kukcoin to waves platform. Go t wallet click on withdraw.
  

Step :2

• Here you can see the the waves token i searched do click on that.

Step :3

• Here you need to add the address which you need to copy from waves platform and fhe subsequent network from which are interconnected and transacting the amounts.

Step :4

• Here you can see waves platofrm do click on deposit option where you can see the waves addess and netwrok.

Step :5

• You can see the waves netowrk and address copy to clipboard.

Step :6

Here am posting the address over here you can see address, network and amOunt you need to enter for transaction.

QUESTION:4

(4.) What is the WX token? What are its functions within the Waves ecosystem? What is your value and Market Capitalization at the time of writing your post? Show Screenshot

Waves token

The waves token is basically essential for Waves.Exchange Liquidity Pools investment product and elongated a platform similarly like binance and they maintain a WX TOKEN. So the token provides the user with multiple features and they distribute rewards also in big database. They arrange multiple rewards distribution activity and much more on their platform. They also maintain very adequate transaction fees i saw maximum of 2 waves transaction fees.

What are its functions within the Waves ecosystem?

The functions and features that waves token has provided are as follows;

• Users can lock 🔐 WX token for different time periods although they sett good and adequate rewards in terms of waves (WX) tokens, they maintain same strategy likewise pancake and other platforms done that the more you stake the more rewards would be given although the staking tokens time will be more.

• The wx token gave liquidity for traders while trading, and the traders can get rewards by staking their assets whilst the fees is their rewards, thus by bigger interaction of users the rewards distribution are very healthy and fruitful.

• Users can stake tokens here although the trading and staking fees are very adequate in order to maintain its functionality, although this all staking locking and depositing procedures are easily coded under waves platform.

• They maintain very good governance system, users can advantage and provide their means in decision making by votes, although users also get governance rewards in terms of waves.

• Listing creating of tokens are also held easily in WX platform, you can see i made a token char yar token name. They just cut 2 waves transaction fees for that and no complexity has been seen while making such token although listing of tokens are also very and convenient under this platform.

Value and Market Cap of WX Token:

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The current market cap is $11,393,896.
The current full diluted market cap is $1,685,976,771.
The current volume is $80,694.
The current self reported circulating supply is 6,465,206.63.

QUESTION:5

(5.) Describe Waves Ducks What is this project about? How is it accessed? Be as explicit as possible. Show Screenshots.

Waves Ducks

Waves DUCKS is a NFT game blockchain algorithm, where the game is based on duck where you need to grow the duck whilst the users can get nft tokens for playing this game. The Egg is most common where the rewards chances are alert, the Egg women is there to purchase the NFT ducks in game thus users who wants to participate in this platform they need to buy some egg tokens from which they are able to buy the NFT ducks, so this game also relates with farming the ducks and eggs other more gaming areas are their for obtaining the rewards. Here the players are commonly called duck hunters

Since its a digitise gaming platform where Egg is the currency of waves duck. So these mechanism we illustrate above of egg although these gems are also use trading purpose too.

The waves duck token is also available in coin market cap. You can see below the price which is pumped by playing this game.

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Means of project and gaming.

The means are sime it is a gaming project based in smart contract with NFT gaming this project is similar to AXS infinity based token from which the users olay game to earn tokens, although we discussed that the only matter if olaying this game is to esrn the eggs from ehich nft tokens are acquired, since the project multiverse areas one thing where the farms duck are gathered from their many egg token has been obtained the oalce called metaverse. Since the users who achieved maximum level having more ducks he have, whilst users play the game for lifting the price of token also, hd the more ducks you have the powerful user you will be.

How to access waves duck?

I simply used the previous waves exchange account by 2Fa verification code and open the account but still some email verification is their to access the account.

• Go to the link and click on start playing.

• Here you need to enter the email and password and confirmation password also.

• After that you can see my waves duck account has been access to start gaming.

• The Incubator option where you can use your Egg token to create a genesis NFT duck.

• Thus features deals with breeding purpose where you simy breed the ducks, if you breed two ducks one unique duck is rewarded to you.

• The market palce where the ducks are available at sale price.

• A sharing farm process where users can actively participate in gameing plus earning tokens by mutual sharing of farms.

Conclusion

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The waves platform is now waving mostly NFT projects mainly the waves duck and its gaming systems has widely shake the market and you can see the waves duck price also ruling in lower markets. Although platform also trying to compete some healthy platform although if they would work in this manner might they got the competitive edge in market, becuase their trading fees ,listing tokens and more advance features had attract most of the users though need a well advertisment to show users their advance technology and functionalities. Held LPOS new version if POS also demanded the users attraction.

Mainly if we talk about the features so no doubt the developer made very reliable service to their users to use the platform without any complexity.

Mostly the creation of token that was so convenient a.d without using and maintaining huge data with complexities user can list their token eaisly by using this platform.

Thanks professor @imagen who advances our knowledge by this platform, surely this platform has good connection with NFT and defi smart contracts they might achieve good competitive edge in market. So i illustrated all the answer with my best knowledge might you got aware of my means and wordings.

Regards;
@salemumar5