The Waves platform has announced the upcoming launch of a new token as a part of its recently introduced Custom Application Token facility on the mainnet. The new token distribution will enable Waves to foster community engagement in the next nine months.
Called the Waves Community Token, it will be distributed after January 15, 2017. Initially, 20 percent of the Waves Community Tokens will be distributed across all existing Waves wallet addresses based on their average WAVES balance between 1st and 15th January 2017. The initial distribution will be followed by 8 similar distributions in tranches of 10 percent each time. In order to be able to receive the WCTs, Waves community members will need to be holding their balance in Waves local wallets. Any WAVES tokens on exchange platforms are not eligible for WCT distribution.
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