Waves Community Token

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The Waves Community Token (WCT) is built on the Custom Application Token (CAT) facility on the Waves platform.

An initial 20 percent of the WCTs was distributed across all existing Waves wallet addresses (excluding exchanges) based on their average WAVES balance from 1st and 15th January 2017. The initial distribution will be followed by 8 similar distributions in tranches of 10 percent each time, with the total supply being 10,000,000 WCT. 

The WCT enables members to offer community-based ratings for new projects launched on the Waves platform. Asset issuers on the Waves platform will also be able to distribute a proportion of their crowdfunded tokens to the WCT and Waves community in return for various services including:

  • Business side verification
  • Proof of Concept verification
  • Token specs advice
  • Help with testing
  • Help with product and services integration
  • An introduction to community
Algorithm
Block Confirmations
Block Halving
Block Reward
Block Time
Consensus

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~1 min

Leased Proof of Stake

Difficulty Cycle
Pre-mine
Ports
Max Supply
Mining
Launch Date

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10,000,000

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15/1/2017

 

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