WAVES is the name of the coin for the associated WAVES platform . The WAVES Platform was developed as a decentralized blockchain platform with a focus on custom tokens. In general, WAVES is designed as a platform for the mass market without technical knowledge. Custom tokens or custom application tokens (CAT) allow a wide range of applications for WAVES. Such a token is created within a few clicks in the WAVES Lite client / wallet and can theoretically represent any conceivable value (EURO token, USD token, BTC token, etc.) and be secured by the WAVES blockchain.