Waves
Crypto Overview
Project Overview
Waves is a multi-purpose blockchain platform launched in 2016, designed to support multiple use cases including decentralized applications (dApps), smart contracts, and token creation. The platform aims to make blockchain adoption easier for businesses and developers by providing tools for token issuance, smart contracts, and decentralized exchange.
Intended Utility
The WAVES token serves as the native currency of the Waves ecosystem, used for: Transaction fees on the network, Participation in the platform's LPoS (Leased Proof of Stake) consensus mechanism, Governance voting rights, and Token creation costs.
Actual Utility and Adoption
The platform has demonstrated actual utility through: Active development and regular platform updates, Significant transaction volume on the Waves DEX, Multiple real-world business implementations, particularly in Eastern Europe, Integration with traditional payment systems through Waves Enterprise.
Token Distribution and Founder Assessment
Initial token distribution was relatively fair with no pre-mine. Team tokens were subject to a vesting schedule. The founder, Alexander Ivanov, has maintained active involvement in development and has a transparent track record in the blockchain industry. Development spending consistently outpaces marketing expenses, indicating genuine project building.
Revenue Model and Operations
The platform generates revenue through transaction fees and token creation costs, avoiding interest-based mechanisms. The staking system operates on a profit-sharing model rather than interest-based returns, which aligns with Islamic principles. Smart contract functionality focuses on facilitating trade and asset exchange rather than lending or gambling activities.
Crypto Impact
To assign a comfort level investing in Waves from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Waves.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.