Waves is a blockchain platform which allows anyone to create a custom token and perform operations on its network (if they have some WAVES tokens in their possession). It aims to promote the mass adoption of the blockchain by providing various easy-to-use features such as crowd-funding, cheap value transfer and a decentralized exchange. “Blockchain for the People” is its motto, as it makes creating a custom token easy and user-friendly. These custom tokens have the benefit of being backed by the existing Waves blockchain to maintain a reasonable degree of stability. WAVES is the token that powers the platform and everyone that wants to perform actions on the platform (such as creating transactions or issuing an asset) needs to own it.
Decentralized exchange, with the ability to create tokens easily.