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Title: Question about the Waves platform's tokens Post by: Wind_FURY on June 08, 2016, 01:02:29 PM What would the WAVES coins-tokens be in the platform? Will it be straight up used only for staking and maybe as 'fuel' for transcation fees? Or is it like Ripple where the tokens can be used as a bridge currency in the built in exchange?
Follow up question. What exchanges will Waves be listed? Title: Re: Question about the Waves platform's tokens Post by: instacalm on June 08, 2016, 01:07:31 PM Hi Wind_FURY! Here are two quotes from mx:
"Waves is the blockchain transport layer with Waves token being the fuel of the entire platform, used everywhere in the middle while doing different operations" "(...) another important part about Waves tokens being the fuel of the entire platform is that anyone with a balance above 0 will be able to get rewards from the network itself, by having a full node or by leasing to a full node from the lite client for example" Title: Re: Question about the Waves platform's tokens Post by: KhalDrago on June 08, 2016, 01:22:14 PM Waves token will be the fuel of the whole platform and all transactions happening there (issuing assets, trading, conversion, withdrawing), fee in Waves token, if you have already some in your account, the correspondent fee will be deduced, if you don't you will be prompted to get some, or you can 'burn' another asset you own to do so.
Ultimately, and to recap: Every action in Waves consumes Waves tokens. For exchanges you need to wait till 14 June to find out. Title: Re: Question about the Waves platform's tokens Post by: Wind_FURY on June 08, 2016, 01:27:56 PM Hi Wind_FURY! Here are two quotes from mx: "Waves is the blockchain transport layer with Waves token being the fuel of the entire platform, Transaction fees, issuance fees and all other platform fees? Quote used everywhere in the middle while doing different operations" Bridge currency on built in exchange? Did I understand it correctly? Title: Re: Question about the Waves platform's tokens Post by: bigfryguy on June 10, 2016, 01:03:54 AM Hi Wind_FURY! Here are two quotes from mx: "Waves is the blockchain transport layer with Waves token being the fuel of the entire platform, Transaction fees, issuance fees and all other platform fees? Quote used everywhere in the middle while doing different operations" Bridge currency on built in exchange? Did I understand it correctly? as far as I can tell waves will act like a decentralized version of havelock exchange, (coloured tokens will be created to produce the equivalent of trading shares to take the place of paper shares normally issued through crowdfunding ventures which as a result are illiquid and untradeable), while being a fiat gateway for trading currency pairs within a waves token based gateway. (and allowing crowdfunded projects to be traded for fiat rather than waves/BTC) this in turn will generate more income for full Nodes( as well as possibly openning the door to a decentralized forex exchange system with low to no fees). nodes of waves will be the collector of the transaction fees... there will be 0 more coins issued(have no idea how waves will deal with lost coins except that maybe it will cause deflation) but I am no expert. this is just how I think they are summarizing there platform. |