Waves Launches A Smart Asset WRT Coin, An Experimental Waves Reward Token


Waves Launch WRT, Experimental Rewards Tokens

Waves, a Blockchain-powered platform boasting perhaps the fastest custom solutions for the exchange and storage of tokens, are launching a Waves Reward Token. The announcement, made via their official Twitter outlet, stated that the reward token will be used to celebrate their ambassadors.

According to a post made on the company’s Medium.com channel, the tokens will subsequently inspire the ambassadors to give feedback. The post detailed the essence of this experimental project, explaining that the tokens would basically show how likely their smart assets would be.

The token, dubbed WRT, is yet to be airdropped and users will have to wait until next week. However, the minimum amount of WCT to be rewarded is 10 and will receive 100 WRC tokens. Holders will have the freedom to redeem the tokens at Waves.

Waves, however, report that the amount of WRT tokens will be double the number of WCT that’s currently in the hands of its community. And out of the total tokens created, this custom Blockchain application platform will retain half, and later use it to reward its loyal ambassadors.

Features Of WRT Tokens

It’s only the ambassadors who have the freedom to sell off their WRT tokens to Waves. The way these smart assets will work, however, is as follows:

  • First, the tokens are wired to ambassadors, identified by the uniquely whitelisted addresses.
  • WRT can’t be burnt or destroyed in any way whatsoever.
  • They also can’t be traded on any decentralized exchange unless a whitelisted holder wishes to do so.
  • The script accepts any new logic.

Since the whole project is for experimental purposes, the tokens will be renewable every three months. Waves will hope that the interest amongst its ambassadors grows big enough to warrant further expansion.

You Can Also Be An Ambassador

The role of ambassadors in the community is to keep promoting the program, essentially by sharing valuable information about it. Waves, however, is urging the Waves community to closely follow the activities of the ambassadors and reward them, when they deserve. Anyone with a minimum of 10 WCT is encouraged to participate.

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