This article will be about what I think will make waves valuable in terms of supply and demand. The difference between the lower and higher quality sapphire stones will be compared to Waves being a lower or higher value cryptocurrency .
At the time of writing, Waves is just over $ 6. It was already at $ 18 in February 2017, but has since fallen below its ICO price of approximately 0.2 dollars per token. This cryptocurrencys current low price makes it appealing for new investors who want to participate in the market without spending too much money, while its high market cap makes it interesting for more experienced traders looking for altcoin day trading ideas .
They want to create a blockchain for custom token creation and trading. This reduces the time and effort needed to create a new cryptocurrency .
They plan to use smasthats as collateral for loans or credit. Similar to Steemit, which rewards users who make content with their POW-built tokens (STEEM & SBD) as an incentive to keep creating great content, waves has proposed doing the same with smathat tokens. It will reward people who pledge their WAVES into smart contracts that lock those tokens away from circulation until they are released by another smart contract that requires those locked tokens as payment. The Smarthat mechanism will be used in multiple ways: it can be used for ICO purposes (see our article on ICOs), for creating smart assets, i.e. digital tokens that are exchangeable for an underlying real-world asset (such as gold or silver) and may also be used in decentralized crowdfunding (for example to raise funds for the development of a project).
The WAVES team is working on integrating Smart Assets in the core protocol. This will make it possible to use your cryptocurrency in many different applications or even own fractions of physical objects . You can already store BTC & other coins in 2GIS, but soon you will be able to apply credit from your mobile phone contract to these new smart assets. This concept sounds a bit confusing at first, but will make a lot more sense once a good website/app is made that shows people how it works.
The proof-of-stake mechanism has an interesting feature that can supplant mining pools in the case of 51% attack, where one cartel of miners could seize all the control over network; WAVES allows anyone to lease their tokens to another individual who will be allowed to forge new blocks without having access to spend your coins . This is not a perfect solution but will help in mitigating the risk if someone ever attempted this type of attack on Waves blockchain.
Waves have also created a new generation custom token called Miners Reward Token (MRT). Combining MRT with Leased Proof-of-Stake ensures that 90% of mined blocks are fairly among miners based on hashrate contribution. 10% are reserved for the development of the Waves ecosystem, which is used for example to fund marketing campaigns , organize competitions and community rewards . MRT's fixed supply encourages long-term holdings while preserving the benefits of a deflationary currency. WAVES will switch to proof-of-stake in the future, but that change has not yet been implemented.
