The Waves Ecosystem has announced that it is restarting. To participate, you need to withdraw your WAVES tokens from centralized exchanges in the next two weeks, declared founder of the project Sasha Ivanov.
“The Waves ecosystem is successfully restarting. To participate in the new Waves, you will need power. To get it, you need to have your WAVES on the Waves network. You have about two weeks to withdraw them from centralized exchanges,” Ivanov said.
At the end of December, Ivanov presented a development plan for an ecosystem called Waves 2.0 for 2023. It was expected that the new version of the project will include a Proof-of-Stake mechanism (Proof of Stake) to achieve 1000 transactions per second while maintaining full decentralization. He also announced the development of a multi-homed Ethereum virtual machine (EVM) that will be able to connect to a variety of first-layer solutions, not just Waves.
Radical changes to the ecosystem were presented at the end of last year against the backdrop of a difficult situation with the WAVES and Neutrino (USDN) ecosystem tokens. The latter, being a stablecoin, lost its peg to the US dollar five times a year. The token is currently trading at $0.2093. The unpinning of the stablecoin caused the WAVES token price to crash as well, causing the Digital Asset Exchange Alliance (DAXA) to flag the USDN WAVES collateral asset as a risky investment asset.
Ivanov himself promised that all USDN holders would receive a new POWER token as a result of the airdrop. However, he recalled that USDN would not be liquidated – the token “will change, but will live.” Ivanov promised that he would soon present a plan to upgrade the stablecoin, and the new coin would be “unchanged”. However, the news did not find support among users.
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