WTF is WAVES?! / How to create your own coin = Practical Example: KOALA Coin (+Leasing Waves)

in #waves4 years ago (edited)

Dear cryptoholics,

I have gathered a little crypto currency portfolio that consists of several coins.
Sometimes I am in such a frenzy to get the next new coin that I am not really sure what I bought there...

One of these coins is: Waves [WAVES]

Tsunami_by_hokusai_19th_centurywaves.jpg

Waves STATS


Coin: Waves [WAVES]
#17 biggest crypto currency
Market cap: 426m$
Supply/ volume of coins: 100m
Price: $4.24 (0.00167589 BTC)
Costs to create your own asset/ token/ coin: 1 WAVES
Time to create your own asset/ token/ coin: 10 minutes
Current assets: 2235

Screen Shot 2017-06-28 at 19.30.05.png

What can you do with Waves

  • Waves was invented to make creating your own assets/coins easy as hell.
  • It has an integrated decentralized market exchange
  • you can create your own master node (minimum 10k Waves required) or make Waves by leasing your waves to another Master Node

Where/ how can I get Waves


a) You can buy waves directly on the integrated market (Waves Decentralized Exchange)
b) from other individual who has WAVES
c) any exchange that has this coin listed (e.g. Bittrex)

Buying Waves at the integrated exchange

1. You need to get a Waves client. I will always prefer a desktop solution over a mobile client, but there are several options to choose. Just go to the Waves homepage and download/ install it


I went for the Chrome Extension in this case
https://wavesplatform.com/downloads.html

Screen Shot 2017-06-28 at 22.12.31.png

2. Deposit BTC on your Waves Wallet.


I am always doing a small test transaction with the minimum required amount first

Screen Shot 2017-06-28 at 19.50.30.png

Screen Shot 2017-06-28 at 19.50.48.png

Screen Shot 2017-06-28 at 19.51.12.png

After 10 minutes successfully transferred some micro BTC


Screen Shot 2017-06-28 at 20.30.43.png

3.Go to the internal exchange and trade buy Waves for BTC.

click the icon
Screen Shot 2017-06-28 at 20.31.56.png

Screen Shot 2017-06-28 at 20.31.44.png

Always make sure that a coin like Bitcoin, ETH, etc. is verified by Waves, because anyone can create a token with a very similar name. This is the one and only Bitcoin BTC. Identified by the green check mark!!

Screen Shot 2017-06-28 at 23.03.38.png

4. Go to the section "Waves sell orders" and pick the lowest price at the top. make sure there are enough coins available for your order


Screen Shot 2017-06-28 at 20.33.24.png

5. Enter the amount of coins you want to buy at the bottom and submit your order. "Buy"


Screen Shot 2017-06-28 at 20.33.49.png

6. wait for your order to be processed and check your Balance. (This is of course my total balance)


Screen Shot 2017-06-28 at 22.29.45.png

You are now the proud owner of some Waves



How to create your own coin / Practical Example: KOALA coin

1. Go to section "Token Creation*


Screen Shot 2017-06-28 at 22.41.28.png

2. Insert your desired coin name, amount of coins, decimals, re-issuable yes/ no(i went for the option no, because I don't want to play central bank and issue some more tokens later^^)


Screen Shot 2017-06-28 at 20.52.55.png

3. For this example I have created the KOALA coin


Screen Shot 2017-06-28 at 21.06.29.png

4. it costs you 1 Waves to create this. double check everything and submit


Screen Shot 2017-06-28 at 21.08.24.png

Wait a few minutes for your coin to show up
Screen Shot 2017-06-28 at 21.09.08.png

You have successfully created your own coin


Surprised-Koalacoin.jpg

Waves Asset 2231 = KOALA
Screen Shot 2017-06-28 at 22.58.54.png

I am not sure what to do with it yet. Maybe it can help to save the Koalas somehow?... Ideas, plans are welcome =)

Every comment on this post will receive one free KOALA


Just provide our Waves address in the comment section of this Steemit blog post.
Waves addresses look like this:
3PGBcZCs6yRJTB7UmY3rmMoN1uxSzSz8Xoz


How to lease your Waves to make even more Waves


If you want to have a masternode to "mine" Waves you need at least 10k Waves. If you don#t have that kind of Waves, you can still lease it to another Waves masternode and receive rewards

Go to Leasing


Screen Shot 2017-06-28 at 22.54.25.png

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Insert Waves address of a masternode


A link to a list of masternodes can be found in the section at the bottom
Screen Shot 2017-06-28 at 21.49.12.png

Double check and submit


Screen Shot 2017-06-28 at 21.49.26.png

Screen Shot 2017-06-28 at 21.49.49.png

Success again. You are now leasing Waves and should receive rewards after a few days


Example:
Screen Shot 2017-06-28 at 23.12.54.png


Special


this song has nothing to do with the coin, just a coincidence^^

Just found another video that is quite cool called Waves in a nutshell

Sources/ Links


https://wavesplatform.com/
https://wavesplatform.com/files/whitepaper_v0.pdf
https://coinmarketcap.com/currencies/waves/
http://dev.pywaves.org/assets/
https://bittrex.com/Market/Index?MarketName=BTC-WAVES

This is not an investment advice or guarantee to be 100% accurate, just my own experience and thoughts.
If you find anything that is really wrong please mention it in the comment section and I will verify/ update the content

Feel free to donate some WAVES to me:
18ChnjFsW6fkknBSD2PJDWeSMjnY7wnFjs

Upvote, comment, follow & resteem for more stuff like this
@blocklab

Sort:  

"... This Post is just like a "Thesis" in Bachelors.
I think by myself maximum Points for this (?!) ..."

someone just created this image and send it to me on Telegram. i think it is awesome!

So lovely ❣️

Damn koala surfing on a wawe 🌊🐼

Dear Brain! This is my task for tonight !
Pinky ^

... Yeeees, try and take over the woooorld .... 😉

Monster Post, wirklich, Respekt und Hut ab, sehr interessant!

Nice, please send Koala tokens here 3P351ZxGmg2N3NWBbaKmq7yeU2DKdBLBnVn

all KOALA tx are planned for this evening

10 KOALA sent

awesome! my 'datcoin' will crash all markets :D beware! :DD

already scared 😱 - I can see the new headlines on every newspaper: FUD to new ATH pushed by "datcoin"

1rqwp1.jpg

I wonder how much demand there will be for moneybags coin? Really though, its so easy to create these coins now, that is crazy.

this is first and foremost a tutorial. The KOALA idea just popped up. it is nothing now. maybe it is something soon? who knows...

Now I want to learn to surf , but where I will find koala atm I dont know ,haha . Thank you for this tutorial, I will definitely looking forward to do my next step wisely. Cheers

actually my first thought was to create a SURF 🏄🏽 coin^^ My goal was just to show how amazing and easy to use Waves is 🌊

Respect for your time doing all this . Following you for sure .

🐨🐨🐨 #koala

lad dir die "Waves Wallet" auf den Laptop und schick mir deine Waves Adresse...

Waves has been struggling quite a lot recently but I think it can recover and it has huge potential.
Thanks for this tutorial

What do you mean by recently? Since early April it surged more than 10x.....then had a 50% correction in fiat terms.

I believe waves is a great platform that offers some huge advantages in comparison to similar providers...
Just invested 1 BTC =)

Danke für den Interessanten Post. Hab vieldarauß geschöpft =)

Every day new types of crypto coins are being launched and they are creating confusion among users.

KOALA please :-):

3PDzohZeF5nCPHm2bjhNwfv7G6CaJgMFgNM

Finally someone went in depth with WAVES. Are you still sending out KOALA Coins?
3PC16jD3dakgQkmoDVddUFWYH59CQFda3hy

Hahaha.. koala coin.. demm.. i upvote u now.. give me the best koala coin to me now... 10k is enough.. 😄😄😃😁😄😂😄😃😁..

Anyway.. good sharing.. lets make koala rock the world..

3P84ehkoJnvTNu8vHVUhzCjoLwMQjTaCcPR

I'll take some Koala! 3P7x4ce9CdsLX1ib7NKR2oTQFCfurkFHx5W I'll send you some KidCoin.

Hey blocklab, I like your post. You did your due dilligence! Very detailed information. Just hodl your koala tokens, you might get rich some time. ;)
Waves have only recently come to my attention. I think it is very underestimated.
https://steemit.com/waves/@smallstepschange/waves-the-overlooked-and-underestimated-ico-platform
cu

post from 3 months ago but greaatt onee... thanks man :)

It is my first comment ever on Steemit, and what would be better than getting a free Koala Coin? Yes, please: 3P7wAyvUGALFKZQSjRwNCwvJpgiZQQrwx4t

Sure, spending your life savings on WAVES might have been the best thing you’ve EVER done…
But you made the bought WAVES, you did it with one thing in mind… SHOOTING FOR THE MOON.
WAVES has that 10X factor, which you will have too when you wear this shirt in public. You will get the attention of others HODLing WAVES, and their girlfriends.
This comfy 100% cotton shirt can be shipped out in a few days.
Check it now - https://shirtspice.com/collections/cryptocurrency-t-shirts/products/waves-boom-to-the-moon-shirt

Hello,

Thank you for this post. I have now understand more Waves

3PJ2qmUzVXDTv2YLfZGWXxAv8UuqmUCzxK2

Send me some Koala coins please.
3P8ZarUFj4tDPts6qypXKuW2rjrRMSbjpYF

Great article! Looking forward to some Koala coin!

3PFYbS4HMsjeA8aGZdko3yuW85VweAKN2rL