What is Waves?
WAVES is a decentralized blockchain platform concentrating on custom blockchain tokens operations. National currencies transfer is maintained on the WAVES blockchain through compliant gateway operators.
The WAVES token serves since the ‘fuel'for operations on the Waves network and works as a spam-prevention mechanism. A fixed supply 100 million WAVES tokens were created following the crowdsale. The transaction fee for WAVES or token transfers is a simple 0.001 WAVES, whilst it costs 1 WAVES to make a new token on the network.