Waves is a platform tailored towards issuing new tokens fast and easily. They have a very clean/easy to use interface and also a marketplace for exchanging various Waves tokens in their lite wallet. You can run a full node to earn additional waves or you can lease your waves to a full node (minimum of 10k waves requirement to run a full node). The documentation I read stated around a 1% return per month on mining with a full node. Most nodes advertise they will share 70% to 80% of what you earn if you lease to them.
If you want to read more about why I invested in Waves, please see this post where I go more in detail. For this rest of this post, I'm going to focus on my experience and the returns I saw during the past 3 weeks of leasing.
For the purpose of returns, I going to talk in terms of Waves and not USD. Waves as a coin, has gone up and down over the past few weeks. Actually, it's doubled up in USD during those 3 weeks if you want to get specific!
Starting Point: May 25th
I transferred 3,484 Waves into my Waves Lite Wallet and leased them all out.End Point: June 15th
21 days later, I looked at the Waves I had earned from leasing, along with any other Waves tokens I had been awarded.Earnings
- Miner Rewards = 66.04
- Waves = 0.2
Awards
- Ripto Bux = 11,600
- Mobile Go = 338
- Waves Community Token = 40.6
- Ether Waves Token (scam coin) = 10
What are all of those tokens?
- Miner Rewards: These are awarded to the full node for mining
- Waves: These are also awarded to the full node for mining
My understanding is that Miner Rewards + Waves should be about 1% return per month for mining. Since I'm leasing, I should be getting around 0.7% to 0.8% return per month.
- Ripto Bux: I haven't researched this coin, but this is a coin that held their ICO on the Waves platform. Waves awarded some of these coins to Waves holders.
- Mobile Go: I don't know much about Mobile Go, but I have heard of it. I think they raised $50M in their ICO, and is some kind of gaming token. Since their ICO was on Ethereum and Waves platforms, Waves holders earned some of this coin.
- Waves Community Token: This is a community token used to incentive long term holders....basically a reward of keeping your waves in your wallet. You won't get this if you leave your waves on an exchange!
- Ether Waves Token: Anyone can create a token on Waves and call it whatever they want. Someone created one called Ether and randomly sent 10 out to wallets. I was a little excited when I first saw I got 10 Ether! Then I realized, it's on the Waves platform and isn't the real Ether. Hence, I'm calling it a scam coin!
To see what my earnings are, I looked at what those are worth in terms of Waves. All of those can be traded into Waves using the Waves Lite Wallet - Marketplace tab. I calculated these rates based on the value on June 17th.
Results
- Miner Rewards earned = 1.5 Waves (I traded these into Waves on the Waves exchange)
- Waves earned = 0.2 Waves
- Ripto Bux earned = 16.0 Waves (I held onto Ripto Bux for now, will do some research before deciding if I convert to Waves)
- Mobile Go earned = 114.0 Waves (I held onto Mobile Go tokens for now, will do some research before deciding if I convert to Waves)
- Waves Community Token earned = 21.5 Waves (I traded these into Waves on the Waves exchange)
- Ether Token earned = 0 Waves (These are crap scam coin. Need to figure out how to just get rid of them from my wallet)
- Total earned = 153.2 Waves
Out of the 153.2 Waves I was rewarded, 1.7 Waves came from leasing activities. That represents a monthly leasing return of 0.07%. The total return was much better...monthly return of 6.4% and yearly compounded return of 110%. This assumes that each month I convert whatever coins I have earned into Waves and lease it all out.
I'm very happy with a 110% return for just holding onto Waves! What other coin provides that rate of return for just doing nothing. Keep in mind that you can't earn any of this if you keep your Waves on an exchange (Bittrex, Poloniex, etc), you have to have it in a Waves Wallet.
I'm very disappointed in the leasing return of only 0.07%. I was expecting around 0.7%. I have cancelled my lease from that deadbeat node and found another node, hoping they actually honor that rate of return.
Please share your Waves leasing experience if you have done it.
If you are familiar with Mobile Go or RiptoBux, please share any insights you have.
If you upvote and follow, I will follow back. Just let me know below. Thanks!
Yeah I was disappointed with the leasing, but collecting these random new tokens is an interesting bonus. I will just keep them and wait for the exchange to improve.
I will probably do the same. As long as Waves keeps the ICOs coming and sending me new coins, I'll be happy!
i lease my waves but i think that i receive only 0.07% in what node do you lease?
Yeah, I am curious @financialcritic which node do you lease? I have the same question as @miguel12. I am seeing really low returns on http://www.wavesgo.com/stats#tab-3
Its about 0.00052773% per month
This post received a 18% upvote from @randowhale thanks to @financialcritic! For more information, click here!
I see this tokenised world coming to Steemit with communities ... going to be a big crowdsale announcement coming soon??
Let's hope!
#huntertoken :)
...don't forget about the MindHunter Ethereum domain
I've done a post on .steem domains in the past ... I'd love to be mindhunter.steem :)
Leasing seems not to be very profitable right now...
Agreed....but the extra coins are great. MobileGo has been going up recently, I'm happy I didn't sell.
Were there real MobileGo tokens distributed? I received multiple MobileGo tokens in my wallet with different spellings... Read someone they were fake... But maybe one of them is real? ^^
I got 2 different versions also. One of them is real...I assume that because there are active trades on the Waves Exchange for that particular token. I think the real one is labeled MGO.
I m leasing out a 1000 waves and the rewards are ok. You can even start with 500 tokens
Only NEBLIO platform and DASH are giving me better rewards.
Waves rocks
ENOUGH CRAP FLUFF ARTICLES WITH NO DETAILED TECHNICAL INFORMATION TO BE BOOKMARKED AND USED AS RESOURCES LATER
1)Where can you find the list of lease offerings?
2)How the hell did you make 153 Waves from just sitting in the wallet? Are you saying you received air dropped tokens and it wasn't from leasing and you are compounding that interest? (how do you compound interest based on inconsistent random airdrops?)
EXPLAIN THIS SHIT MAN
Thank you for this research !!!
Do you run your own node now?
Read somewhere that 1000 wave is enought to run a node?
Following. I would love an update on which of the waves lessees is best.
Interesting, i didn't know you could get 110% from just holding waves. Fantastic rate of return compared to the pathetic 0.1% that the bank is offering me. Might convert some of my NEO into this.
meep
Whoa...I see something new on Steemit every day!
meep
Good read and interesting system! My eyes are lurking towards Waves, it's a great platform! I also have a blog where I am talking about cryptocurrencies, travel and life! <3 peace
Hi,
Thanx for the véry detailed truth and sorry for the late reply,
great post, I was indeed affraid that the higher-valued coins were a gift,
rather then a mining reward...
anyswayze, lol, sure own a noisy and extremely heavy multidiverse little wallet there !!,i tried fountain perpetua orso,neh
now on fullnode, i'll let U know what that bringz!!
sry again,new and unwillingly ignorant here ;)
I'll follow yer up!
I'd say leasing is a long term option and i'm not saying in terms of counpound interests but in the sense that is a long way until mainstream. More usage of platform results in more fees and that's from the nodes win with their 'smelting'
@financialcritic I just issued my own Token with Waves! Perhaps you can give me some insights, check it out! https://steemit.com/altcoins/@darkflame/mpst-miners-post-rewards-token
Very good blog. Really appreciate you bring this to our attention. Scams are gonna kill the blockchain ecosystem. People really need to research what they invest in. Does anyone know about: https://www.coincheckup.com Every single coin can be analysed here based on: the team, the product, advisors, community, the business and the business model and much more. On: https://www.coincheckup.com/coins/Waves#analysis For the Waves Research report.
hey! I'm new in the field and scared to fall on a scam coin - this is just perfect! so thanks :)
thanks natalie1 for your guidance, this site is useful for those of us who are starting
www.tokens.property
Thank for your post ! What is a node that you are using now and which bring the most return monthly?
Mine is not good too and I want to change my lease. Thanks
is still worth to buy?while searching to buy new coin, i come to know waves
do you like to get some free tokens??
https://steemit.com/introduceyourself/@harimbadl/hey-and-128517-i-want-to-say-hello-to-the-steemit-comunity-and-128513-with-a-tokengiveaway#comments
I have waves and I lease them. I see a whole list of mining rewards etc, but nothing gets added to my actual amount of waves. How do I claim these rewards or waves?