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          Checkpoint Message Binary Format
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          Get Block Message Binary Format
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          Get Peers Message Binary Format
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          Get Signatures Message Binary Format
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          Handshake Message Binary Format
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          Peers Message Binary Format
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          Score Message Binary Format
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          Signatures Message Binary Format
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          Transaction Message Message Binary Format
        Network Message Binary Format
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        Order Binary Format
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          Burn Transaction Binary Format
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          Create Alias Transaction Binary Format
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          Data Transaction Binary Format
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          Exchange Transaction Binary Format
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          Genesis Transaction Binary Format
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          Invoke Script Transaction Binary Format
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          Issue Transaction Binary Format
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          Lease Cancel Transaction Binary Format
        • Lease Transaction Binary Format
          Lease Transaction Binary Format
        • Mass Transfer Transaction Binary Format
          Mass Transfer Transaction Binary Format
        • Reissue Transaction Binary Format
          Reissue Transaction Binary Format
        • Set Asset Script Transaction Binary Format
          Set Asset Script Transaction Binary Format
        • Set Script Transaction Binary Format
          Set Script Transaction Binary Format
        • Sponsor Fee Transaction Binary Format
          Sponsor Fee Transaction Binary Format
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          Transfer Transaction Binary Format
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          Update Asset Info Transaction Binary Format
        • Ethereum Transaction Binary Format
          Ethereum Transaction Binary Format
        Transaction Binary Format
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        Transaction Proof Binary Format
      Binary Format
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      Validation Rules
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      On this page
        • WAVES Parameters
        • Leasing
        • How to Get WAVES
      waves_logo Docs

          # WAVES

          WAVES is the native token of the Waves blockchain. Block generators receive transaction fees and block rewards in WAVES, which encourages generators to maintain and develop the blockchain network infrastructure. The more WAVES the generator holds (by ownership or lease), the greater its chance to add the next block is.

          # WAVES Parameters

          WAVES is present on the blockchain since inception, there is no issue transaction for it, therefore the WAVES token does not have an ID. The REST API uses null for WAVES.

          The number of decimal places (decimals) for WAVES is 8. The atomic unit called WAVELET is 1/100,000,000 WAVES.

          In April 2016, 100 million WAVES were issued.

          In October 2019, feature #14 “Block Reward and Community Driven Monetary Policy” was activated, which introduces block reward. Since that moment, the total supply of WAVES increases. The current quantity of WAVES can be found using Data Services: https://api.wavesplatform.com/v0/assets/WAVES (opens new window) (the quantity is specified in WAVELETs).

          # Leasing

          The owner of WAVES can lease them via a Lease transaction. WAVES received on lease are included in the generating balance. Block generators send back different percentages as rewards to lessors. A lessor can cancel the lease at any time via a Lease Cancel transaction. More about leasing

          # How to Get WAVES

          You can buy WAVES tokens at Waves.Exchange (opens new window) developed by the third-party team from the community, or at one of the centralized exchanges (opens new window).

          In addition, cryptocurrency gateways can be used to transfer external cryptocurrencies such as Bitcoin, Ethereum etc. from the external blockchain to the Waves blockchain and vice versa. The gateway provides the user with the address on the external blockchain. After receiving a confirmation of transfer to this external address, the gateway transfers the corresponding asset (less fee) to the user's Waves address. For example, a number of cryptocurrency gateways are available on Waves.Exchange, see the Transfer Cryptocurrency (opens new window) article in the Waves.Exchange documentation. The corresponding asset on the Waves blockchain is backed 1:1 with cryptocurrency on the external blockchain. The asset then can be exchanged for WAVES.

          Token ID
          Transaction
          Token ID
          Transaction