WAVES Weekly No. 30

Last week, WBTC tokens were distributed to all holders of the Waves Community Token (WCT). WBTC is a bitcoin proxy asset. Each WBTC represents one bitcoin, and reserves are fully backed with BTC.

This week we have several updates about Waves assets and trading.

Waves token distributions

Last week, WBTC tokens were distributed to all holders of the Waves Community Token (WCT). WBTC is a bitcoin proxy asset. Each WBTC represents one bitcoin, and reserves are fully backed with BTC.

Initially, WBTC will have appeared as a Waves asset under the portfolio tab in your client. With the update to v0.4.8, it will be displayed on the ‘home’ page of the client under BITCOIN balances. As the official Waves bitcoin token, it will soon be possible to withdraw WBTC to a bitcoin address via our bitcoin gateway. This will be activated asap. Mass pay feature will be also added to the client, making it possible to distribute tokens to a large number of accounts (as required for dividend payments or ICO distributions). If you are running the standalone Chrome client, there may be a delay before it updates to v0.4.8.

Over the coming weeks, several Nxt assets will be moving over to Waves. This will allow them to be properly maintained and developed. More details will be given on these as they happen.


A number of token pairs have been added to Tidex. WBTC can be deposited, and there is a BTC buy wall to allow holders to cash out to bitcoin if they wish. This ‘pseudo gateway’ is a temporary alternative to the official in-client gateway that will be coming soon.

WCT has been added and is trading against both BTC and WAVES. A number of other WAVES markets have been included. Incent is also now trading on Tidex against BTC.

Tidex is still in beta, and bounties are still available for anyone who can help improve the UX, and especially the API. Security bugs will earn 1,000 WAVES or more, depending on severity. To find out more, join the #tidex Slack channel. The exchange is powered by iCoinSoft team.

To find out more about Tidex’s ownership and approach, see last week’s update.

WCT Distribution

The next distribution of the Waves Community Token will occur this week, after the snapshot ends on 15 February. 10% of the WCT asset will be distributed to community members who keep their WAVES in a local wallet – not on an exchange. 

Ripto Bux and Tipbot

A new tipbot is running on the Waves Slack. (A separate version is also available on the Incent Slack). This is a joint project between Ripto and Myco with the intention of increasing community engagement and transaction fees on the Waves network.

The tipbot allows users to send WAVES or any Waves asset to other Slack users. We recommend that you only keep relatively small amounts on your tipbot account; it is a straightforward matter to deposit and withdraw tokens to a local client. The project’s official/default tipping asset is Ripto Bux (RBX).

To find out more, visit the #tipping channel on Slack. Accounts have automatically been created for all Slack users, but will need funding – or ask for a tip to get started. Please do not tip in #general to leave this channel free for other updates.

Waves Nodes and Lite Client Reminders

If you would like to run a full node, please download the latest releases 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 Weekly Crypto Round-up

In episode #18, Grace takes us through what’s going on in the bitcoin and traditional markets. There is an update from Bankcoin, interesting new project in the crypto world.


Press and Articles

ICOnomy 0: How to run an ICO 

Bitcoin Or Bust: Taking British Banking Out Of Exchanges (Forbes)

Can the Blockchain Scale? (Due)

Tidex Aiming to Use Waves “Matcher” Technology. A New Exchange with Zero-fee

Open blockchain Waves targets manufacturing with ‘Kickstarter on tokens’

Decentralising Trading of a Decentralised Currency

Waves Community Token (Waves blog)

How to Mine Waves?


Improving Authenticated Dynamic Dictionaries (Real World Crypto 2017 video)

How Not Knowing Waves…(Interview)