Jul 4,2023

AMA with Sasha 30/6/23

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 30/6/23 can be found here.

//Recap Start//

Key Points:

  • The miners' vote has been completed and we've activated Feature 19
  • A week-long activation period has begun, after which the XTN buyback will start. The token buyback process will be decentralized, which means any user will be able to make a transaction to start it.

Q & A

Q: How is Türkiye DAO going?

Sasha: We are currently finalizing the list of participants for this DAO, it will be released next week.

Q: What's the VC status?

Sasha: We're still talking to various VC representatives, but unfortunately I can't share the information just yet. However, I might be able to announce something at the end of next week.

Q: Will the -WXG Vires markets get XTN during liquidation?

Sasha: Yes, that’s the plan.

Q: Are there any plans to create an additional utility for XTN?

Sasha: Yes, there are plans for market-making projects such as the trading bot I was mentioning before. However, at the moment we think it should be made separate from the Neutrino protocol. Also, there is an upcoming announcement regarding Waves 2.0 which will involve XTN. Unfortunately, that's all I can share for now.

Q: What about the POWER drop?

Sasha: Right now we are doing them based on the market demand, and I think that if we do it now, it will have a negative impact on the price of the token. It will definitely happen, however.

Q: The total POWER token supply will not exceed 1,000,000, right?

Sasha: Correct, there are no plans to increase it at the moment.

Q: When can we get our money back for -WXG tokens?

Sasha: We are now trying to increase trading volume in WX pairs, which will help us buy back more and more tokens. This in turn will start to increase the buyback price of these tokens, until their price is back to normal.

Q: How much XTN will be burned per month after Feature 19 is activated?

Sasha: This can be calculated. 2 WAVES will be allocated for the buyback approximately every minute, so per month WX liquidity pools will be allocated about 86K WAVES for a gradual buyback of XTN.

Q: How long will the XTN buyback last?

Sasha: I think it will continue indefinitely, but of course users can vote to reject Feature 19 in the future, and that will happen as soon as XTN is 100% backed.

Q: What updates/releases can we expect at wx.network?

Sasha: Nothing major, but I think we will still have to implement a gradual unlock feature for WX tokens that have been locked for 4 years.

Q: Any Waves Ducks news?

Sasha: I have an idea about it, but first I wanted Feature 19 to be successfully adopted! I think it's time I shared it with the team.

//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!