Waves is a multi-purpose blockchain platform supporting various use cases including decentralized applications (DApps) and smart contracts.
Waves was one of the early employers of an initial coin offering (ICO), as a means to raise funds during it's launch in June 2016. Waves initially set out to improve on the first blockchain platforms by increasing speed, utility and user-friendliness. Additional changes have been added to include new spin-off features to build on the original design.
Waves’ native token is WAVES, an uncapped supply token used for on-chain payments.