Waves Enterprise Price
(WEST)
USD($)
Waves Enterprise (WEST) Live Price Chart
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Waves Enterprise Live Price Data
How do you feel about Waves Enterprise today?
Note: This data is for reference only.
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Waves Enterprise(WEST) Profile
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Contract
Waves 4LHHvYGN...SL8
Audited By
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Investors
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$0.038622
$0.043571
$0.892559
-0.99%
+5.99%
+12.18%
$1.69M
$566,630
41,965,923
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About WEST
How can I buy Waves Enterprise (WEST)?
What Is Waves Enterprise (WEST) Crypto?
Waves Enterprise (WEST) is a blockchain platform designed for businesses. It combines both public and private networks to offer high data privacy and configurable encryption. The WEST token is used within the platform to pay transaction fees, secure the network, and purchase or rent licenses for using the software.
WEST tokens can also be leased to network miners, allowing token holders to earn additional tokens. This leasing process supports the network's operation by helping to generate new blocks and maintain network stability.
Waves Enterprise focuses on providing blockchain solutions to enterprises, facilitating secure and efficient digital infrastructures. It aims to integrate blockchain technology into business processes, enhancing transparency and trust while maintaining confidentiality.
How Does Waves Enterprise Work?
Waves Enterprise uses a combination of a public mainnet and private sidechains to offer high throughput, scalability, and data privacy. The public mainnet ensures transparency and security, while private sidechains offer customizable solutions for specific business needs.
It employs a Leased Proof-of-Stake (LPoS) consensus algorithm. Token holders can lease their WEST tokens to miners, who use these tokens to generate new blocks. This process secures the network and distributes transaction fees among participants.
The platform supports smart contracts in various programming languages, enabling complex business applications. These contracts automate processes and ensure trust and security within the network.
WEST tokens are essential for the platform. They are used to pay transaction fees, secure the network, and purchase services. Token holders can also lease their tokens to earn additional rewards.
Waves Enterprise provides tools for easy deployment and integration into existing business systems. This includes support for smart contracts and data privacy, making it suitable for enterprise-level applications.
History of Waves Enterprise and WEST Coin
Waves Enterprise (WEST) was founded in 2016 by Artem Kalikhov. It is a technology company that developed a hybrid enterprise blockchain platform.
Waves Enterprise Roadmap Highlights
- 2024: The first half of the year will focus on introducing a WebAssembly virtual machine for smart contracts. By Q3, they will launch WEST DAO, and in Q4, they plan to enable real-world asset trading on the mainnet.
- 2025: The roadmap includes plans to launch a decentralized ID platform.
What Is WEST Token Used for?
The WEST token serves several important functions within the Waves Enterprise blockchain platform:
- Transaction Fees: You use WEST to pay transaction fees on the network. Every transaction on the Waves Enterprise mainnet requires a fee paid in WEST.
- Mining and Block Generation: Miners must hold WEST tokens to generate new blocks. This helps secure the network and ensures smooth operation.
- Leasing: You can lease your WEST tokens to miners. In return, you earn additional tokens based on the amount you lease and the mining activity of the node.
- Purchasing Services: WEST tokens are used to buy services on the Waves Enterprise platform, such as deploying smart contracts or utilizing blockchain-based applications.
- Licensing: You can use WEST tokens to purchase or rent licenses for using Waves Enterprise technology. This is crucial for enterprises needing custom blockchain solutions.
- Network Operations: WEST is also used for creating custom tokens and other network operations, ensuring the platform's functionality and economy run smoothly.
- Trade WEST on KuCoin: Trade Waves Enterprise token against other cryptocurrencies listed on the KuCoin Spot Market after doing your own research (DYOR). Buy or sell $WEST or HODL if you believe in the future potential of the Waves Enterprise project.
What Is Waves Enterprise Tokenomics?
The total supply of WEST tokens is capped at 400 million. The circulating supply is released gradually according to a predefined emission schedule, which helps to control inflation and ensure a stable supply over time. The token distribution of Waves Enterprise coins is as follows:
- A significant portion of WEST tokens is allocated to support the ecosystem, including developers, investors, and enterprises.
- A portion is also reserved for team members and advisors, with specific vesting schedules to ensure long-term commitment.
Waves Enterprise (WEST) Price Movements ($)
| Period | Change | Change (%) |
|---|---|---|
| Today | $0.002316 | 6.00% |
| 7 Days | $0.004445 | 12.18% |
| 30 Days | $0.004704 | 12.98% |
| 3 Months | $0.008254 | 25.26% |
24H Investment Barometer
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Risk warning：Please note that the Investment Barometer is provided for informational purposes only and is not an investment advice. Investing carries risk. Please make investment decisions cautiously and based on your own judgement.
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FAQ
How much is 1 Waves Enterprise (WEST) worth?KuCoin provides real-time USD price updates for Waves Enterprise (WEST). Waves Enterprise price is affected by supply and demand, as well as market sentiment. Use the KuCoin Calculator to obtain real-time WEST to USD exchange rates.
Is Waves Enterprise (WEST) a Good Investment?
Investing in Waves Enterprise (WEST) coin can be a strategic decision due to its robust technology, market performance, and continuous innovation:
- Hybrid Blockchain Solution: Waves Enterprise combines the benefits of both public and private blockchains. This ensures high data privacy, scalability, and reliability, making it suitable for enterprise-grade applications.
- Strong Market Performance: Recently, WEST has shown significant price increases, outperforming many peers in the cryptocurrency market. This indicates strong market interest and potential for growth.
- Utility and Versatility: WEST tokens are used for various network operations, including transaction fees, leasing, and purchasing services. This wide range of uses adds intrinsic value to the token.
- Staking and Leasing Rewards: You can earn additional tokens by staking or leasing your WEST tokens, providing a passive income stream. This incentivizes holding and participating in the network.
- Innovative Developments: The platform continuously evolves, with recent updates like the introduction of the WebAssembly virtual machine and the upcoming launch of WEST on Ethereum. These developments enhance the platform's capabilities and attract more users and developers.
What Is Waves Enterprise Price Prediction?
Understanding these factors can help you better assess the potential WEST crypto price prediction:
- Market Demand and Supply: The price of WEST is highly influenced by the general supply and demand dynamics in the cryptocurrency market. Higher demand for the token typically drives up the Waves Enterprise price, while higher supply can lower it.
- Technological Developments: Innovations and updates to the Waves Enterprise platform, such as the introduction of WebAssembly for smart contracts and the launch of WEST on Ethereum (ERC-20), can positively impact the WEST token price by increasing its utility and attractiveness.
- Partnerships and Integrations: Strategic partnerships and integrations with other blockchain projects and companies can enhance the credibility and utility of WEST, thus influencing the WEST coin price positively.
- Market Sentiment: Overall market sentiment towards cryptocurrencies, driven by news, regulatory changes, and broader economic factors, can significantly impact the WEST to USD price. Positive sentiment tends to drive the WEST crypto price up, while negative sentiment can lead to declines.
- Trading Volume and Liquidity: High trading volumes and liquidity on exchanges like KuCoin help stabilize the $WEST price and make it more attractive to investors.
- Economic Use Cases: The various use cases of WEST, including paying for transaction fees, leasing for staking rewards, and purchasing licenses for the Waves Enterprise platform, add intrinsic value to the token, influencing its market price.
How to Mine WEST on Waves Enterprise
By following these steps, you can effectively mine or lease WEST tokens on the Waves Enterprise platform, contributing to network security and earning rewards in return:
- Set Up a Node: Register on the Waves Enterprise client and create an account. Ensure your account balance has at least 50,000 WEST tokens. Undergo KYC (Know Your Customer) procedures to connect your node to the Waves Enterprise mainnet. Submit a request to set up and connect your node.
- Start Mining: Once connected, your node can participate in maintaining the network, executing smart contracts, and generating new blocks. You'll receive WEST tokens as transaction fees for your participation.
- Leasing and Staking: If you don't want to run a node yourself, you can lease your WEST tokens to existing nodes. Leasing your tokens involves selecting a recipient node address and specifying the amount of tokens to lease. You will earn a share of the node's rewards proportionate to your leased amount.
- Organize a Leasing Pool: If you want to manage a leasing pool, connect your node to the main network and start accepting leases from other WEST holders. This increases your node’s generating balance and the rewards for creating blocks.
What is the all-time high price of Waves Enterprise (WEST)?
The all-time high price of Waves Enterprise (WEST) is $0.892559. The current price of WEST is down 0.95% from its all-time high.
What is the all-time low price of Waves Enterprise (WEST)?
The all-time low price of Waves Enterprise (WEST) is $0.003552. The current price of WEST is up 10.52% from its all-time low.
How much Waves Enterprise (WEST) is there in circulation?
As of 7 27, 2024, there is currently 41,965,923 WEST in circulation. WEST has a maximum supply of --.
What is the market cap of Waves Enterprise (WEST)?
The current market cap of WEST is $1.69M. It is calculated by multiplying the current supply of WEST by its real-time market price of $1.69M.
How do I store Waves Enterprise (WEST)?
You can securely store your Waves Enterprise in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your WEST include using a self-custody wallet (on a web browser, mobile device, or desktop/laptop computer), a hardware wallet, a third-party crypto custody service, or a paper wallet.
How do I convert Avalanche (AVAX) to cash?
You can instantly exchange your Avalanche (AVAX) for cash using KuCoin's Fast Trade feature. This feature enables you to convert AVAX to your local fiat currency in just a few clicks. However, make sure to complete Identity Verification first to enjoy all the features you may need.
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2024-07-27 08:37:29 (UTC+8)
24h Volume1,593,978,252USDT