KnowledgeBase

knowledge base sections helps you to learn the simplicity of the blockchain

HOW WAVESPLATFORM & EQUIVN WORKS

Etheruem is the first leading blockchain platform that is very scalable with smart contract to fix a major problem in cryptocurrency. It also decentralizes token trading for ease of listing to third parties. Essentially it’s a token platform, DEX, and dApp ecosystem.

THE WAVESPLATFORM
 The Waves Platform is a blockchain that seeks to fix a major problem in cryptocurrency. The platform is designed to make it easier for organizations and individuals to create custom tokens. It also decentralizes token trading and crowdfunding with a built-in fiat currency gateway. Essentially it’s a token platform, DEX, and dApp ecosystem.
www.wavesplatform.com
www.waves.exchange

WAVES-WALLET
A user who wishes to create waves wallet, can do so by watching the video Get started video below. The wallet is available on either Online Client, or Standalone version for Windows, Mac or Linux. All versions support automatic update! Choose and open up your Waves wallet. While creating a wallet, please take some time to understand some important things for your own safety.

The WAVESPLATFORM or EQUIVN ENTERPRISE team cannot recover your funds or freeze your account if you visit a phishing site or lose your backup phrase (aka SEED phrase). Hence we advice that while creating a wallet, you must write down your seed and keep it very safe.  The introductory video covers the following:
#1. CREATING WAVES-WALLET
#2. LEASING YOUR WAVES TO A NODE
#3. USING THE DEX (DECENTRALIZED EXCHANGE)
#4. TOKEN CREATION etc.

The EQUIVN (ENGN)  was built so that money can move quickly with the Naira (NGN) denomination. ENGN is a revolving asset and its value revolves around the Naira value in the open market. ENGN can move instantaneously, and globally. And unlike other crypto-assets, ENGN is revolving, yet with a reserve backed at ratio 1:1. It’s issued by the EQUIVN ENTERPRISE, so the funds are carefully protected, audited and regulated. It’s our vision & approach to decentralizing the Nigeria Naira and make it move around instantaneously for Africans at home and in diaspora. EQUIVN: EquivalentNaira

The crypto-asset space is early in maturation, and initial use case for eNGN will be distinct from future use cases. As of today, EQUIVN  tokens can be used to limit exposure to crypto-asset volatility. At full launch, eNGN can be used for consumer payments, offering a stable store of value for those outside Nigeria that interfaces currencies with unpredictable volatility.

WHO CAN PARTICIPATE?

Nigerians and supported African countries with Pan African Bank reach can participate. Also, Users with Global Bank reach can also participate in the nearest future.

EQUIVN ENTERPRISE is in early launched and we ‘re on top of our developments to enable a larger range of coverage both for Africans, her diaspora and globally.

HOW EQUIVN ASSET WORKS & FLOWS

HOW DO EQUIVN (ENGN) FLOW
This section of this work is being updated and will be available soon

If you are on ethereum, You can add EQUIVN tokens to your TrustWallet or imtokenWallet by tapping on the add feature on your app. Simply type EQUIVN and Pin it to wallet view. Ensure that after adding, your asset have the following Asset ID.
Asset ID:  (We’re Deploying the smart contact soon, before launch).
If you are new to Wavesplatform, You can add EQUIVN tokens to your Waves wallet by tapping on the add feature on your Waves Wallet. Simply type EQUIVN token and Pin it to wallet view. Ensure that after adding, your asset have the following Asset ID.
Asset ID:
AvZJFsGfvzL6e7sHUbRmMWW8LRiaGjYHVfBHjo9xHhZb
Also watch the video tutorials on the knowledge base section of this site.

HOW TO BUY EQUIVN (ENGN)
Option #1: INSTANT BUY ON ENAIRA WALLET
👉 ENAIRA Wallet can be used for direct buy of tokens
Option #2: INSTANT BUY ON WAVES DEX
👉 Everyone can purchase EQUIVN [ENGN] on Waves.Exchange when orders are set.
Note: Only Verified accounts [Users] can withdraw from reserve. Click to learn more

HOW TO WITHDRAW ENGN TO BANK
A user who returns for withdrawal must first ensure that their accounts has been verified.
OPTION#1: USING ENAIRA WALLET
Procedures will be in a 1 to 2 clicks when ENAIRA Wallet is released by Q1, 2021
USERS WITHDRAWALS LIMITS
Min. Withdraw: 5,000 ENGN
Max. Withdraw: 200,000 ENGN per day.

HOW TO WITHDRAW EQUIVN (ENGN) TO BANK
DEX Wallet user who returns for withdrawal must first ensure that their address has been verified.
Click to Verify

OPTION#2: USING WAVES WALLET
01. Visit OR import Your Waves Wallets
02. Send EQUIVN (ENGN) Tokens to our Vault Address and Include Verified Bank Details and Email in the description. Then, wait for Deposit transfer to Your bank account.
Vault Address: 3PQhZFZThfrYdTxNSkSLBsGeBgHAppHUsNm

USERS WITHDRAWALS LIMITS
Min. Withdraw: 5,000 ENGN
Max. Withdraw: 200,000 ENGN per day.

Note: Depending on Bank working time in your country, deposits may delay. Only submit a ticket on our desk after 24 hours 

watch how to start 👇 on Waves

WAVES.EX fully explained 👇