Founder of Waves: The circulation of POWER tokens is only 10000

According to reports, Sasha Ivanov, founder of Waves, tweeted that the circulation of POWER tokens was only 10000, reminding users to lock POWER to participate in Waves DAO at that time.

Interpretation of this information:

Sasha Ivanov, the founder of Waves, recently tweeted that the circulation of POWER tokens was limited to only 10,000. The message serves as an important reminder to users to lock their POWER tokens in order to participate in the Waves DAO system.

The WavesDAO system is a decentralized autonomous organization that operates on the Waves blockchain platform. It is designed to allow users to submit proposals for the development of the Waves ecosystem and to vote on these proposals using their locked POWER tokens.

The limited circulation of POWER tokens indicates that the WavesDAO system is exclusive, with a limited number of tokens available for participation. This exclusivity is likely intentional as it helps to ensure that proposals and votes are submitted by committed and invested community members who are passionate about the development of the Waves ecosystem.

Sasha Ivanov’s tweet also brings attention to the importance of locking POWER tokens. Tokens that are not locked cannot be used to participate in the WavesDAO system, rendering them useless for this specific purpose. Locking tokens requires a commitment from users, as they cannot be traded, sold, or used in any other way until the lock-in period has ended.

This commitment adds an extra layer of security to the voting process in the WavesDAO system, as it ensures that only those who are truly invested in the ecosystem have a say in its development. It also helps to prevent market manipulation, as tokens cannot be bought and then immediately used for voting purposes.

Overall, Sasha Ivanov’s tweet serves as an important reminder to the Waves community of the limited circulation of POWER tokens and the importance of locking tokens for participation in the WavesDAO system. It highlights the exclusivity and commitment required for meaningful participation in the system, and the importance of community involvement in the development of the Waves ecosystem.