What Are Waves, MRT, and WCT? The Waves Platform hopes to be a premier blockchain and crypto launchpad.

What Is Waves (WAVES)?

The Waves Platform is a blockchain-based token platform, decentralized exchange (DEX), and decentralized application (dApp) ecosystem. It hopes to lower the barrier to entry in blockchain to allow anyone to issue a token and raise money. The platform also includes WavesDex, so creating and exchanging tokens is seamless.

Who Is Waves?

The Waves Platform is Russia’s biggest blockchain project to date, created and developed/maintained by Waves Founder and CEO Sasha Ivanov.

Use Cases of Waves

The Waves Platform can be used to launch a blockchain, convert/exchange/transfer currencies, and leverage existing dApps.

How to Mine WAVES, MRT, and WCT

Waves’ tokens are not mined. Instead, they’re earned through a Proof-of-Stake (PoS) interest-bearing scheme. Hodling these tokens also entitles you to airdrops of tokens launched on the Waves Platform.

Notable Partnerships and Investors

The Waves Platform has partnerships with Deloitte, the ICO Governance Foundation (IGF), and Russia’s National Settlement Depository (NSD). It’s also partnered with Microsoft as part of Microsoft Azure’s Blockchain-as-a-Service (BaaS) marketplace.

Learn More About Waves

If you want to learn more about Waves, I wrote a full coin intro guide at Crypto Briefing. Or you can learn more about other cryptocurrencies across Thought for Your Penny.


Dr. Brian Penny is a former Business Analyst and Operations Manager at Bank of America turned whistleblower, troll, and freelance writer. You can find his work in Cracked, High Times, HuffPost, Lifewire, Forbes, Fast Company, and dozens of other places, although much of it is no longer under his name. Dr. Penny loves annoying fake media.

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