Waves is a blockchain platform that allows users to create and deploy their own custom tokens. User-created token uses are unlimited, and Waves’ created tokens can be used to raise funding, create a loyalty program, or implement a unique in-app currency. Waves’ advertises the ability to create new tokens in as little as a minute. Tokens created through the Waves platform can be traded and transacted without a middleman through smart contracts.
The advantage of Waves is its user experienced simplicity. Users can create and deploy tokens without needing knowledge of computer programing at all. Another advantage of the Waves platform is its proprietary decentralized exchange. The Waves DEX allows users full control of their tokens and the ability to trade autonomously between any other Waves token.