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FAQ

What is the Waves Association?

The Waves Association is a non-profit organization created to support and develop the Waves ecosystem and its tools.

Why was the Waves Association created?

The Association was designed as a non-profit company, a structure we judge is the best way to provide the greatest synergy for the development of all projects on the platform.

The participants decided to bring together and reflect the efforts of all our community members, and the opportunities they bring. This is a crucial step towards improving the efficiency of the development of the Waves ecosystem.

The emergence of this legal entity is a strategic step for Waves’ development. This signals to the market that a specific stage of maturity for the technology has been achieved. Now, an independent supervisory board is needed to manage and develop the tech.

The Waves protocol is used by many developers around the world. The most passionate and active of these are ready not only to create products and projects based on Waves, but also to promote the widespread use of the technology, the emergence of breakthrough projects and the implementation of the Web 3.0 paradigm.

The creation of the Association gives the community specific, tangible and effective influence on its technology, development tools and means of stimulating breakthrough projects. Finally, each member of the Association can propose an initiative, project or any idea, suggest a specific implementation, involve and collaborate with other representatives, and undertake formal agreements to do so. The Association is a tool for decentralized community workflow.

Why did you choose this structure, not the better-known Foundation model?

Unlike a Foundation, which assumes a chapter or board of directors responsible for making all decisions, an Association provides greater freedom for all participants to express their opinions, since key issues are put to a vote by the General Meeting. Additionally, the Foundation is designed mainly to provide supporting activities, while the Association can directly address many key aspects of the ecosystem, including the promotion of economic, social, educational, and scientific interests of the community.

Why did you choose Germany?

Waves Association has been established in Frankfurt, Germany.

Germany is a country that actively supports technological innovation. In January, the country launched the 4th EU Directive, which enables financial institutions to legally work with digital assets.

Germany is also home to one of the most active crypto communities in Europe.

What are the goals and objectives of the Association?

The main goal is to unite the efforts of the community and its members to create and implement a new generation of blockchain technologies.

What will the organization do?

The Association will develop and provide next-generation technologies that will enable trusted digital environments and decentralized ecosystems for collaboration among organizations.

The Association will support projects and initiatives within its main categories of activity, namely, digital education and research and development, as well as development and promotion of Waves technologies.

The next General Meeting will identify the types of initiatives and projects under consideration, as well as selection factors and support measures.

Who has joined the Waves Association?

The structure will unite the blockchain platform and all key ecosystem projects, and will define priorities and strategies for furthering ecosystem development.

At the moment, the Association includes community members from eight countries: the Netherlands, Switzerland, Portugal, Russia, Spain, Germany, Belgium and Italy.

What is the company’s aim?

The Association’s activities are aimed at accelerating the promotion of the Web 3.0 paradigm around the world. To this purpose, the company will stimulate research and development, training and popularization of knowledge in digital technologies and software, especially based on Waves technologies, including grants for the development of the Waves technology stack.

The second key priority for the Association will be the development and promotion of the Waves protocol, as well as encouraging the creation of applications based on it. One of its very first tasks will be to expand the current Waves technology stack.

What are the benefits for the community?

The Association plans to provide grants for the development of the Waves technology stack as well as to support interesting projects.

Joining the Association provides community members access to new collaboration tools and an opportunity to impact both the core technology itself and specific Waves ecosystem projects.

How will it be managed?

The Association consists of the following governance bodies:

  • Executive board
  • General Meeting of Association members

Furthermore, it will be possible to create committees, commissions, scientific councils, supervisory boards and other governing bodies to work on certain elements of the Association’s activities.

It is planned that voting on all major issues and decisions of the Association will be carried out using blockchain technologies. The Association plans to implement a DAO-like mechanism in its administration.

Can I join?

You can join the Association by requesting membership. See further information at https://wavesassociation.org/.

Members of the Association are divided into three categories:

  • Community member
  • Full member
  • Honorary member

Applicants will need to fill out a form on the website, which will be considered by the Board, and pay a membership fee.

Membership fees will be determined at the next General Meeting and published on the Association’s website.

Who will work with the Association?

The Association will collaborate with universities, research centers, industry, and governments in Europe and around the world.

What will be the result of the Association’s activities?

Thanks to the work of the Association, we will be able to significantly increase the number of developers and users in the near future, as well as plan to attract crypto enthusiasts developing other blockchain solutions

In the future, the Association’s efforts are expected to achieve the following results:

  • Integration of educational courses into university programs on the digital transformation of business and blockchain development, increasing the number and formats of open-access educational products (mini-courses, training videos, webinars and development meetups on Waves)
  • Establishing partnerships with institutions around the world that aim to develop and promote blockchain technology, such as blockchain centers, hubs, technoparks, crypto valleys, incubators, and accelerators
  • Increasing the number of projects (dApps) or move existing projects within the Waves ecosystem to the next stage of development
  • Facilitating the emergence of decentralized development groups engaged in the creation of certain platform features
  • Increasing the number of developers using Waves technologies