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Waves

WAVES

Waves

WAVES

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₹95.78

LIVE

24H Low ₹95.15

24H High ₹98.72

Price of WAVES today

The current live price of WAVES today is ₹95.78, with a 24-hour trading volume of ₹1,43,36,19,077.31. Our WAVES to INR price is updated in real-time. WAVES has seen a increment of 0.94% in the last 24 hours. With a live market cap of ₹11,12,08,40,316.15 , the circulating supply is at 115,896,376 WAVES coins, with a maximum supply of 115,896,376WAVES coins.

Waves Price History

Date ComparisonAmount Change% Change
Today₹0.64

0.67%

7 Days-₹2.95

2.98%

30 Days₹4.68

5.14%

1 Year-₹34.36

26.08%

Waves Price Information

Price Change (1hr)

0.71%

Price Change (24hr)

0.67%

Price Change (7d)

2.98%

Waves Market Stats

Market Cap

₹11,12,08,40,316.15

Fully Diluted Market Cap

₹11,12,08,40,316.15

24hr Volume

₹1,43,36,19,077.31

54.53%

Circulating Supply

115896376 WAVES

Total Supply

115896376 WAVES

Things to know about Waves

What is the token?

  • Waves (WAVES) is a blockchain platform for DApps and smart contracts launched in June 2016.

  • It aims to enhance speed, utility, and user-friendliness over early blockchain platforms.

  • WAVES, the native token, is used for payments and block rewards.

Tokenomics

  • Initial distribution: 85% to the token sale, 1% to early supporters, 1% to post-ICO bounties, 4% to strategic partners/backers, and 9% to the development team.

  • The circulating supply is 100 million tokens, with an uncapped maximum supply.

Market Data

As of today #{today’s date}, the price of Waves is ₹95.78 INR or 1.0847 USD, with a 24-hour trading volume of 16235776.64 USD. The market capitalisation for Waves is 125943831.44USD. The circulating supply is 115896376 Waves, with the total supply also being 115896376 Waves.

Token Pros and Cons

Pros:

  • User-friendly platform with high transaction speeds.

  • Options for passive income through WAVES staking.

  • Users can create and issue their own tokens.

  • Built-in decentralised exchange on the platform.

Cons:

  • Relatively low awareness and adoption.

  • The simplicity of the platform may deter technically advanced users.

  • The platform is still in the development phase.

Why should you invest in the coin?

  • Offers a user-friendly platform with high transaction speeds.

  • Allows the creation and issuance of custom tokens.

  • Features a built-in decentralised exchange and staking options for passive income.

USP of the coin

  • It focuses on ease of use and enables the creation of custom tokens without in-depth programming knowledge.

  • Provides a decentralised exchange and tools for DeFi applications.

Problem the coin is solving

  • Addresses the complexity of creating and managing custom blockchain tokens and DApps.

  • Simplifies the development process for various use cases, making blockchain more accessible.

Founder and team background

  • It was founded by Alexander Ivanov, a Russian entrepreneur with a team skilled in technology and blockchain.

  • ICO was conducted in April 2016, with the blockchain launching in Q3 2016.

ICO Price

  • WAVES token was initially priced at $0.188 during its ICO, raising $16.01 million.

Risks Associated in Investing in the Coin

  • Includes market volatility, regulatory changes, and technological and security challenges.

  • Competition with other blockchains and the need to consider the platform's development and adoption levels.

Whitepaper Insights

The Waves whitepaper outlines the platform’s vision to address the shortcomings of early blockchain systems by providing a user-friendly, scalable, and versatile blockchain network. Waves introduced a framework that allows users to issue custom blockchain tokens, which can be used for a wide range of applications, including crowdfunding, loyalty programs, and in-app currencies.

At the core of Waves’ functionality is the ability to create tokens without the need for complex smart contract programming. This is achieved through the platform’s unique token issuance mechanism, which simplifies the process of asset creation and management. The platform also incorporates a decentralised exchange (DEX), enabling users to trade their newly created tokens securely and decentralised.

Waves employ a modified Proof of Stake (PoS) consensus algorithm called Leased Proof of Stake (LPoS). This consensus mechanism allows users to lease their WAVES tokens to full nodes, participating in the network’s security and earning rewards without running a node themselves. This approach is designed to ensure network security while maintaining high transaction throughput and low fees.

The whitepaper also discusses the Waves-NG protocol, an adaptation of Bitcoin-NG, which aims to solve the scalability issues traditional blockchain systems face. Waves-NG increases the network’s capacity and reduces latency, allowing faster transaction processing times.

Waves place a strong emphasis on community governance. The platform allows WAVES token holders to vote on key network decisions, ensuring that the platform's development and evolution are aligned with its users' interests.

The whitepaper highlights the platform’s commitment to fostering a developer-friendly environment. Waves provide a range of tools and APIs to support developers in building and deploying DApps on the network. The platform’s native programming language, RIDE, is designed to facilitate the creation of smart contracts and other blockchain functionalities.

In summary, the Waves whitepaper presents a comprehensive vision for a blockchain platform that is accessible, scalable, and adaptable to various use cases. It emphasises the importance of user experience, community involvement, and developer support in achieving widespread adoption of blockchain technology.

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WAVES to Converter

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Price as per 01:20 PM • 12 Oct 2024

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What is the price of Waves (WAVES)?

The current price of Waves (WAVES) in INR is ₹95.78 INR.

What is the current WAVES market cap?

The current market capitalization of Waves (WAVES) is ₹11,12,08,40,316.15 INR. This value represents the total market value of all coins in circulation, calculated by multiplying the current price of WAVES by the number of coins in circulation.

What is the current supply of Waves (WAVES)?

The current supply of Waves (WAVES) is 115896376 WAVES. This figure represents the total number of coins that have been mined and are currently in circulation.

What is the 24 trading volume of Waves (WAVES)?

The 24-hour trading volume of Waves (WAVES) in INR is ₹1,43,36,19,077.31. This figure represents the total value of all WAVES transactions across various exchanges within the last 24 hours.

How to Buy Waves (WAVES) in India?

To buy Waves (WAVES) via Mudrex, simply sign up and create an account on their platform. Proceed by completing the KYC process to verify your identity. Once verified, deposit funds into your account using the available methods. With your account funded, you're all set to start investing in WAVES.

Can I buy Waves (WAVES) with UPI?

Yes, you can buy Waves (WAVES) with UPI on Mudrex, which accepts payments through popular UPI apps like Paytm, PhonePe, and Google Pay, offering a convenient and quick way to invest.

How to Convert Waves (WAVES) to Indian Rupee (INR)?

To convert Waves (WAVES) to Indian Rupee (INR), you can use our WAVES/INR conversion rates in real time.

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