WAVES Weekly No. 32

Published in

Waves Protocol

3 min readMar 1, 2017

A series of new features and functionality are currently in development on Waves testnet and in the wider Waves ecosystem. These include:

The crypto gateway, including Bitcoin, which will allow users to deposit bitcoins along with different cryptocurrencies and automatically issue them with the WBTC and other corresponding tokens — a 100% crypto-backed tokens on the Waves blockchain.

First Matcher(DEX) backend is being polished and work is progressing on the frontend.

The Waves android app is at an advanced stage of development.

Further information, updated tutorials and press releases will be provided for each of these when they are released.

You can find more updates about existing and future plans in the latest Q&A:

Token creation

We will shortly be producing tutorials and further promotional materials for how to create and use Waves CATs. In brief:

Under the Tokens Creation tab in the client, fill out the Name and Description for your token. You will not be able to change these details as they will be permanently recorded in the blockchain.
Enter the total number of tokens you want to create, and the number of decimal places you want to use.
Your token can be Re-issuable, which means that you can create more in the future if you wish. If you do not check this box — or if you initially make your token re-issuable but later create more tokens and uncheck this box — then you will not be able to make them re-issuable again.
Ensure that you have sufficient WAVES to pay the creation fee, and click Submit. Upon Confirm, your token will be created.

The Waves client also includes tools that enable you to send tokens to a large number of accounts at the same time.

Waves projects

The MobileGo ICO will fund the marketing of GameCredits’ mobile app store, which will use the GameCredits (GAME) currency to enable developers and gamers to overcome the frictions inherent in transferring money into, between and out of in-game economies. The ICO is expected to launch mid-April. MobileGo will also employ new blockswap technology that will allow a token to exist on both Waves and Ethereum’s blockchains, traveling freely between them as required.

Bankcoin aims to become a blockchain currency within universities in Mexico. The organisation has already secured a number of agreements with partners. Bankcoin’s exchange will launch shortly, with debit cards planned for roll-out in April.

Loyalty scheme Incent is on-track to integrate Merchant #1 at the beginning of April. Incent tokens will be issued to customers by merchants at point-of-sale, with these orders settled in near-realtime on exchanges including Tidex. One of the chief concerns at this point is to build sufficient market depth and liquidity to support merchant demand without undue slippage. The plan is to deploy a market-making tradebots on Tidex in advance of the commercial rollout.

A series of other projects are lining up ICOs and token launch on the Waves platform, and will announce their plans in due course.

Waves Nodes, Lite Client and Faucet

If you would like to run a full node, please download the latest mainnet release at https://github.com/wavesplatform/Waves/releases/. Anyone can run a node, but you will need at least 10,000 WAVES to generate blocks. You can read the installation guide here.

For regular users the Lite client can be downloaded from https://wavesplatform.com. Do not download the client from other sources for security reasons. (Please be aware that there have been issues with fake github repositories, as well as fake Twitter accounts and Slack identities.) Alternatively, the standalone Chrome app will automatically update as new versions are released.

Waves faucet, funded and developed by the community member Sphearis, can be found here http://www.wavesdrop.com/.

Waves Weekly Crypto Round-up