WAVES is a decentralized platform that uses custom blockchain tokens to represent value. Tokens can be issued by any platform user, and can be transferred, swapped, and traded on an integrated decentralized exchange. Tokens may represent a share in a crowdfunding project, financial instrument, or any other item with inherent value. Traditional centralized crowdfunding and trading platforms rely on a third party to maintain the platform, thus sacrificing transparency and becoming prone to failures due to over-centralization. Blockchain technology allows the elimination of any centralized point of failure, storing all the platform data on all system nodes in a distributed fashion. It makes fully decentralized trading, crowdfunding and value transfer possible.
WAVES also makes it possible for traditional financial institutions to issue and support blockchain tokens representing national currencies and financial instruments. This connects WAVES to the world of traditional finance, allowing KYC/AML-compliant business practices supported by decentralized technology. It offers traditional institutions access to blockchain technology with low maintenance costs, providing transparency and access to new markets.
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