Miners' Reward Token : A cheap and fun way to speculate on the WAVES Platform?
I've recently been testing and playing around with the WAVES lite client. Really great UI. Easily transfer, trade, and issue custom tokens.
Link to lite client: https://wavesplatform.com/downloads.html
I was looking for a way to speculate on the Waves platform without the risk of holding the native asset Waves, as it's had an incredible run in the past few months and could possibly be a bit overvalued.
Looking through the built-in Decentralized Exchange I found an asset by the name of 'Miners' Reward Token'. Ticker symbol MRT.
The MRT tokens are currently being distributed to Miners as an incentive for securing the network and validating transaction until the network grows large enough to sustain itself from transaction fees alone. Waves has a fixed supply of 100 million units.
From what I gather in the future asset issuers and users can negotiate with Waves miners to accept their custom token in lieu of the native Waves token as payment for transaction fees. Also MRT will give holders the ability to vote on future changes in regard to transaction fees or other network parameters.
I picked up 10K MRT for around 10 cents each. With a Market Cap of $1,000,000 (Waves marketcap currently sitting at $400,000,000) and a fixed supply of 10 million units. I think MRT might be a cheap way to ride any future surge in the Waves platform.
What do you guys think of the Waves platform or MRT?
The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
A few links explaining MRT tokens in better detail:
http://wavescommunity.com/miners-reward-token/
https://medium.com/@cassiuscrypto/token-mining-and-waves-fees-8c6d64dd9f88
https://blog.wavesplatform.com/incentivizing-pos-mining-b26f8702032c
A reddit post:
https://www.reddit.com/r/Wavesplatform/comments/6huark/what_can_i_do_with_the_waves_miner_rewards/
Cool. I see it is now listed on Coinmarketcap.
http://coinmarketcap.com/assets/miners-reward-token/
My opinion is that this is one of the most powerful projects in the cryptocurrency world. I have dedicated over 40% of my portfolio to this company and I believe they have an amazing future.
For those who want to know more about Waves, I recently wrote an article about it: Waves: Full Review. The New Global Kickstarter!
Looks detailed. I'll give it a read when I get home.
Jeah, you should read his article. Im reading this moment and its definitly worth! thanks you both!
I did. Great explanation of the platform and investment potential.
Just waiting for the right moment. from all the coins i see on the market, there is no other like waves. if there is such a coin which has the possibility of going mainstream in a good way, then this is it. i read about coins and tokens every single day, and from what i see, waves waves has more to offer than any other platform. It has US, EUR, BTC ETH and waves gateway, plush a decentralized platform already functioning, as well a way to create your own tokens, just like that. the possibilities are endless with this coin.
Thanks for the info. So these seem to be tokens given out to wave miners. But I am not too sure why its value will appreciate. It maybe be pegged to waves value.
A few points:
MRT token holders will be able to vote on future network parameters.
Asset issuers/users may use the MRT token as a way to determine who to distribute transaction fees which are not denominated in the native token(Waves).
If the Waves platform becomes more valuable Miners may want to buy and hoard MRT tokens as a way to gain more influence on the platform.
It may or may not appreciate. This is speculation after all.
Thanks
Waves has been a good trade for me, started buying some a $1.00 a month or so ago, seems like a token you might want to HODL though.
I like both, but the ability for MRT to go 10x vs. WAVES seems more likely. IMO
Hey ,Robert . I definitely will looking for more info about all this. Thank you for introduction.
You bring me attention to waves ,thats for sure ,now I need to learn all thing.
Great write up @robert-call. Are you also mining just HODLing?
Just Hodling. From what I understand Mining on Waves isn't really worth it at the moment. That may change if it gains some traction. However, You don't have to be a miner to benefit from the MRT's potential price appreciation.
Thanks for the info. Waves is interesting as it's a market competitor to ETH. Please keep us posted with your progress. KaBOOM!
Thank you for sharing this really great content! To give you some answer about the waves plattform, i guess it have some great potential. With the time it will be more adopted and i think we will see a big step forwards for this project. Let's talk again in some months ;)
Waves platform looks really interesting, i think it would be good to grab some initial coins and hold till it finds the market.
I think it will do very well. You picked up a good portion and will definitely make your money back.
Hope so. Now it's time to just HODL and forget about it.