Aug 15,2023

AMA with Sasha 11/8/23

Another week, another AMA session with the Waves’ founder Sasha Ivanov. This week, Sasha has prepared some updates on the ecosystem progress, answered lots of questions and had a live dialogue with the community members. This is a short recap, the full recording of the weekly AMA from 11/8/23 can be found here.

//Recap Start//

Key Points:

  • The L2 litepaper L2 has been published. The development has already started and you can trade your XTN for L2MP.
  • In the future, there will be other L2 blockchains and all of them will be connected with the Waves blockchain, miners and the community. The next step would be to create an additional utility for L2MP.
  • Next week, there will be the end of the first Epoch of Waves DAO. Since the Waves DAO treasury has been mostly sacrificed, there will be no slashing. DAO members can expect the reward next week.
  • Also, we have news about VC! Boğaziçi Ventures is already opening a company that will promote Waves.Tech and Waves.Enterprise. They have quite a few gaming projects that they could move to the Waves blockchain.
  • WX needs to increase trading volumes. And to attract attention, I think we should launch derivatives and futures trading. Technically this is quite easy to implement, and could lead to a significant increase in fees, which are necessary to buy back WXG tokens. I think we can expect this to happen once the already announced projects are launched. 

Q & A

Q: So there will only be one L2 blockchain at first?

Sasha: True, but with its launch, everyone will have the opportunity to run their own blockchain. However, the miners need to maintain your blockchain, and they will have to be motivated to do so.

Q: Could you clarify who gets the award at the end of the current Waves DAO epoch?

Sasha: Next week the rewards will be given to the Waves DAO governance participants. WAVESDLP Investors and holders will be rewarded a bit later, as not all funded projects have fulfilled the conditions of their offers (i.e. launched their tokens) yet!

Q: Why aren't XTN buybacks affecting the price?

Sasha: Had we not implemented L2MP, I think the price would've been much lower. At the moment Waves DAO, or rather many projects that have received funding in it in XTN, are selling XTN. In other words, these projects are putting serious pressure on the token price, this is already coming to an end as most of this $XTN has been invested and sold on the market. Soon we will see the effect of buybacks and burns without this pressure.

Q: What projects does Boğaziçi Ventures plan to launch?

Sasha: They mainly work in the gamification field, I think this is the kind of projects they are planning to launch.

Q: What launches can we expect next?

Sasha: Kepper Wallet will most likely launch their token in a little while. PEPE Team is actively looking for VCs, I think they're launching their stablecoin soon too. AXLY will be launching very soon. 

Q: Will we be able to use the same wallets for L2 blockchain transactions?

I think yes, it will be integrated on WX. But it will also be possible to use a separate wallet - MetaMask.

Q: What kind of marketing is being prepared for Marketing DAO?

Sasha: I have an idea on how to market Power DAO. I will prepare this proposal, and the DAO will be allocated POWER tokens for marketing. Once again, I will explain how the marketing DAO will work. Any project will be able to create its own proposal, provide conditions and allocate funds for marketing purposes. 

Q: When will the WXG tokens be bought back?

Sasha: They are already being bought back through the trading fees on WX, but the volumes of these buybacks are quite low. That is why we are looking for opportunities to increase trading volumes on WX.

//Recap End//


Tune in every Friday, 10:00 a.m. EST to learn the latest news and updates on the Waves ecosystem first-hand, directly from the Waves mastermind, Sasha!