So everybody got a bunch of free RXD? what does WAVES have to do with anything?
Yes, the ones that correctly applied, got some free tokens, me included (thanks dev)
This is a token, not really a coin. It doesn't have its own blockchain. This token was built on the WAVES platform and needs WAVES platform to keep it alive.
Now the received tokens are visible in the WAVES wallet and I think that they can be traded in the WAVES Decentralized exchange (DEX) which is, again, inside the WAVES wallet.