Waves launches new token management feature

The functionality will enable issuers of highly-rated tokens to set a ticker for their digital assets, as well as adding a website link and including a more detailed description of the token.

In late April, we launched Waves Token Rating: a collective, community-driven ratings score for tokens issued on the Waves Platform.

Over the four months since then, Waves Token Rating has emerged as not only a rating system that reflects the community’s opinion about tokens, but also as a convenient directory of most popular tokens.

Since the launch of Waves Token Rating, almost 900 tokens have been scored (out of almost 30,000 that have been created on Waves), which corresponds to roughly 3%; 4,000 votes have been cast, with an average voting stake of 3,000 WCT.

We are constantly working on improving the ratings system and are glad to announce that token issuers will now be able to set tickers for their tokens. A ticker is a token’s unique identifier, used by exchanges and as a currency code by users.

This is how it works. If you are a token issuer, click on the account menu in the upper right corner of the Waves Token Rating website and choose My tokens. On the left side of the screen, you will see a list of all tokens issued from this account. For tokens with a high rating score, a token management menu will be available.

By clicking on it, you’ll be able to create a unique ticker for your token, which can consist of up to six uppercase characters. Please, note that once a ticker has been created, you won’t be able to change it.

On the same menu, you will be able to add a link to a website and a more detailed description of your token. The link and detailed description will only be displayed on the token’s card within Waves Token Rating, next to the description from the token issue transaction, while the ticker could also be used by outside services and third parties such as exchanges or dApps, thanks to the ticker oracle.

The ticker oracle collects information from four sources — BetterTokens, TrustAmust Verification Center and Waves Data Service — as well as from tickers added by token issuers using Waves Token Rating’s new feature.

Meanwhile, among new features we plan to add in the future is the option of adding a logo to highly-rated tokens. Stay tuned, and we’ll be back with more news from Waves Token Rating soon.

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