Waves (WAVES)
Unlock Schedule
Waves (WAVES) Token Unlock & Vesting Schedule
The chart shows gross modeled releases of every allocation: vesting unlocks, new issuance and reserve distributions, each allocation counted once. These have different meanings; a scheduled release is not evidence that tokens entered circulation or were sold. Review the coverage, sources and assumptions below.
Each color segment in the chart corresponds to a specific allocation group described in the Allocations section below. Underlying assumptions and data models used to reconstruct this schedule are explained in detail under Assumptions, while broader utility insights and token use cases are covered in Tokenomics & Utility.
Tokenomics & Utility
How WAVES enters and moves through the network
The original issuance in April 2016 was 100 million WAVES. A protocol change activated in October 2019 added new coins as block rewards, so the original amount is not a permanent supply limit. Block-generating nodes can vote to adjust the reward under the network’s monetary-policy rules. Those rules have also included ways to divide rewards between generators and ecosystem-related addresses. (docs.waves.tech)
WAVES has several practical jobs:
- It pays fees for actions such as transfers, asset issuance, and app calls.
- It contributes to a node’s ability to generate blocks, whether held by the node or leased to it.
- It is paid to block generators through transaction fees and their share of block rewards. (docs.waves.tech)
A WAVES holder can lease coins to a generating node without running one. Leasing can be canceled by the holder, and any payment shared by the operator depends on that operator’s terms. Waves also allows issuers to sponsor fees for certain transactions in their own tokens. Behind the scenes, sponsorship still connects those fees to WAVES, the network’s native coin. (docs.waves.tech)
Assumptions
Waves initially issued 100 million WAVES and allocated most of them to ICO participants; it later began issuing additional tokens as PoS block rewards. The chart shows the initial issuance and block-height-based rewards, including a temporary tenfold boost, but the calendar placement and uninterrupted reward rates are partly estimated. ICO-era transfers, DAO withdrawals and XTN buy-back distributions do not have complete dated records and are not added to newly issued supply. The cited explorer reports 138,307,864 WAVES rather than the supplied 100-million reference, while future rewards remain subject to voting.
- ICO participants: Releases depend on recipients claiming tokens or on grants being awarded.
- Development team: The sources give the amount but no release dates.
- Strategic partners and backers: The sources give the amount but no release dates.
- Early-supporter bounties: Releases depend on recipients claiming tokens or on grants being awarded.
- Post-ICO bounties: Releases depend on recipients claiming tokens or on grants being awarded.
- Waves DAO share of newly issued block rewards: Releases depend on recipients claiming tokens or on grants being awarded.
- XTN buy-back contract share of newly issued block rewards: New issuance depends on network activity, such as staking, so it cannot be dated in advance.
- 1. https://docs.waves.tech/en/blockchain/token/waves
- 2. https://blog.waves.tech/waves-ico-structure-and-timeline-87db476cc586
- 3. https://blog.waves.tech/waves-staking-policy-and-block-rewards-50a1de2fa2a0
- 4. https://docs.waves.tech/en/waves-node/features/
- 5. https://docs.waves.tech/en/blockchain/mining/mining-reward
- 6. https://docs.waves.tech/en/blockchain/mining
- 7. https://docs.waves.tech/en/keep-in-touch/release-notes
- 8. https://github.com/wavesplatform/Waves/releases/tag/v1.6.4
- 9. https://wavesexplorer.com/assets/WAVES?network=mainnet
- 10. https://wavesexplorer.com/blocks/3752348
- 11. https://wavesexplorer.com/blocks/5002466
- 12. https://wavesexplorer.com/blocks/5188734?network=mainnet
- 13. https://wavesexplorer.com/blocks/5253921
- 14. https://wavesexplorer.com/
- 15. https://docs.waves.tech/en/blockchain/block/
- 16. https://raw.githubusercontent.com/wavesplatform/gowaves/master/pkg/settings/embedded/mainnet.json
Allocations
Not yet scheduled: 38,394,966 tokens of its parts have no release date yet. The chart shows them as TBD from today, not as unlocked.
Dates past the last dated anchor are projected at 59.92 seconds per block, the observed mean between the last two dated anchors, instead of the 60-second target block interval
Dates past the last dated anchor are projected at the 60-second target block interval
Open-ended per-block emission without a sourced end; dates past the last dated anchor are projected, and there is no finite total
Dates past the last dated anchor are projected at 59.88 seconds per block, the observed mean between the last two dated anchors, instead of the 60-second target block interval
Description
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Waves is a multi-purpose blockchain platform that supports various use cases including decentralized applications and smart contracts. It features its own cryptocurrency, WAVES, which is used for transaction fees and staking to secure the network.
| Sector: | Layer 1 |
| Blockchain: | Other L1 |