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View ChartWaves Enterprise (WEST) is an enterprise-grade blockchain platform designed for building fault-tolerant digital infrastructures. Launched in 2019, it operates as a hybrid solution that combines public permissioned mainnet capabilities with private and hybrid sidechains. The platform is engineered to deliver a high degree of data privacy, configurable encryption tailored to local standards, and language-agnostic smart contracts that allow developers to write in various programming languages.
The network is fueled by the Waves Enterprise System Token (WEST), the native utility token used for payment of all network operations. WEST has a total supply of 400,000,000 tokens, with approximately 225,000,000 in circulating supply. The platform has been made open-source and has launched a Decentralized Autonomous Organization (DAO) to support community involvement and transparent governance.
Waves Enterprise is led by founder and CEO Artem Kalikhov, a former Chief Development Leader at Sberbank-Technology. Aleksandr "Sasha" Ivanov, who founded the Waves blockchain platform in 2016, also founded Waves Enterprise in 2017 and serves as its director general.
Ivanov has ties to Egor Petukhovsky, the largest shareholder of SUEX OTC s.r.o. and a former manager of Chatex. Those virtual currency exchanges were both sanctioned by the U.S. Treasury Department in 2021 for facilitating ransomware payments. There is no indication that Ivanov or Waves Enterprise have committed any wrongdoing in relation to the Treasury Department's actions. On his personal blog, Petukhovsky had referred to Ivanov as a member of his "circle."
Waves Enterprise operates as a hybrid blockchain that combines the advantages of both private and public permissioned blockchain technologies. Depending on customer requirements, a solution can be realized either on a permissioned or a private network. To ensure additional security of data storage and privacy, a hybrid model can be employed.
The Waves Enterprise mainnet brings together enterprises, service providers, and decentralized applications in a trustless environment, utilizing the benefits of public permissioned blockchain across a wide range of business use cases. Sidechains are used to build private infrastructures, or hybrid ones, storing metadata on the mainnet. According to the company's November 2019 Version 1.0 announcement, the platform supports hundreds of smart contracts per minute. It offers configurable encryption that can be tailored to local standards. Smart contracts are language-agnostic, allowing users to run any algorithm written in any popular language. Using its hybrid architecture, WEST serves as the economic link connecting the public chain and the private chain.
Waves Enterprise distinguishes itself through its hybrid architecture, which blends private and public permissioned blockchain technologies to deliver high scalability, data privacy, and transaction throughput. The platform is engineered to support fault-tolerant digital infrastructures, making it suitable for organizations aiming to build reliable applications. Its configurable encryption can be adjusted to meet local regulatory standards, which is particularly important for enterprises operating in jurisdictions with strict data protection laws.
The use of sidechains for creating private or hybrid blockchain infrastructures allows businesses to enjoy the benefits of public blockchains, such as transparency and security, without compromising on privacy. The platform's language-agnostic smart contracts provide developers with flexibility to write contracts in various programming languages. Additionally, Waves Enterprise has launched a DAO and made its platform open-source, underscoring a commitment to transparency and community involvement.
WEST is the native utility token of payment for all network operations on the Waves Enterprise blockchain. WEST is used for all network operations, including the creation of custom tokens and payment of transaction fees.
According to a Waves Enterprise FAQ, "To be precise Waves Enterprise is not in crypto business. We play on the markets of infrastructure and enterprise information systems."
The platform itself is tailored for enterprises, government agencies, and large organizations, offering blockchain solutions that address unique requirements such as data privacy, scalability, and regulatory compliance. Use cases include supply chain management, document notarization, identity verification, facial recognition, blockchain-based voting, and security audits of smart contracts and applied solutions built by third-party developers.
Waves Enterprise has launched a Decentralized Autonomous Organization (DAO) and has made its platform open-source. The platform offers various blockchain solutions for different industries and use cases, including supply chain management, document notarization, and identity verification.
According to KuCoin, its main customers and partners include Alfa-Bank, RUSAL, X5 Retail Group, Rosneft, and Rosseti.
Clients and partners listed on Waves Enterprise's website have been almost exclusively Russian, including several companies and government entities under U.S. and western sanctions. Among them are Russian lender Sberbank and the state defense bank Promsvyazbank, named as "partner and client," as well as Rostelecom, the national telecommunications operator, and Roscosmos, the state-owned space agency. According to a March 2022 Kharon investigation, Waves Enterprise appeared to have removed references to Sberbank and Promsvyazbank from its website in the days following Russia's invasion of Ukraine. The platform allows for easy integration with existing enterprise systems, making it more straightforward for businesses to adopt blockchain technology.
Waves Enterprise does not utilize traditional proof-of-work mining. Instead, the network operates on a hybrid consensus model combining private and public permissioned blockchain technologies.
The permissioned nature of the mainnet means that network participants are known and authorized, enhancing security and control. Waves Enterprise does not use proof-of-work mining. Its permissioned mainnet relies on known and authorized network participants, and WEST is used to pay for all network operations, including transaction fees and the creation of custom tokens.
To keep your WEST tokens safe, use reputable wallets that support the Waves Enterprise ecosystem. You can store WEST in the custodial wallet of a cryptocurrency exchange, a self-custody wallet (browser, mobile, or desktop), a hardware wallet, a third-party custody service, or a paper wallet. Hardware wallets provide an additional layer of security by storing private keys offline.
Always verify the authenticity of any wallet or platform before use. Enable two-factor authentication where available, and never share your private keys or seed phrases with anyone. For those using decentralized products, ensure you understand the risks associated with onchain swaps and smart contracts. Given the regulatory scrutiny surrounding Russian entities and sanctions compliance, users should stay informed about applicable regulations in their jurisdiction and ensure their activities comply with local laws. The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has advised companies in the virtual currency industry to develop tailored risk-based compliance programs, including internal controls such as screening and investigation tools.
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Thank you for your interest in BTCC. Currently, spot and futures trading services for WEST are not supported. As a leading digital asset platform, BTCC is committed to providing a secure and stable trading environment. We recommend completing your account registration and identity verification (KYC) to explore other premium assets and exclusive benefits available on BTCC.
As of right now, the live price of Waves Enterprise (WEST) is $0.000036. Its market price fluctuates in real time based on overall supply and demand, and you can check the updated WEST to USD rate at the top of BTCC’s price page. In terms of market scope, Waves Enterprise records a 24h trading volume of $0 (reflecting total buying and selling activity over the last 24 hours), with a total market cap of $8.094992K. Its current circulating supply stands at 225M out of a maximum supply cap of ∞.
The price volatility of Waves Enterprise (WEST) is essentially driven by market supply and demand dynamics. Key factors behind its price movements include: 1) Global macroeconomic conditions and sentiment, such as Fed interest rate decisions; 2) Tokenomics, including the ratio of circulating supply (225M) to max supply (∞), as well as token unlocks and burn mechanisms; 3) Fundamental developments, such as ecosystem expansion, on-chain activity, and core protocol upgrades; and 4) Derivatives market dynamics, including leverage battles and liquidation cascades in perpetual contracts.
Looking at its historical price performance, Waves Enterprise (WEST) hit an all-time high (ATH) of $0.89256 on 2021-07-10 19:55, representing the peak of market sentiment. Conversely, its all-time low (ATL) was recorded at $0.000034 on 2026-07-21 11:00. Note that historical highs and lows reflect past performance only and do not guarantee future price trends; investment decisions should always align with live market conditions and your personal risk tolerance.
When trading WEST futures on BTCC, technical chart analysis begins with identifying key support and resistance levels on 1D and 4H charts using historical price pivots. Next, apply MA/EMA indicators to gauge trend directions, alongside RSI (values above 70 indicate overbought conditions, while below 30 suggest oversold levels). Always validate breakout signals with the 24h trading volume ($0), as price breakouts accompanied by strong volume offer higher reliability.
Unlike spot trading where you can only profit from rising prices, BTCC’s WESTUSDT perpetual contracts support two-way trading. If you anticipate a price decline for Waves Enterprise, simply log into your BTCC account with USDT margin available, navigate to the WESTUSDT pair, set your desired leverage and Take-Profit/Stop-Loss levels, and click "Sell/Short". Once the price drops to your target, close your position to lock in profit from the price difference.
Yes. BTCC offers flexible, high-tier leverage options for WESTUSDT perpetual futures, providing up to 500x leverage (maximum leverage limits may vary depending on liquidity). While leverage boosts capital efficiency by allowing you to control larger position sizes with less margin, it also amplifies liquidation risks proportionately. BTCC strongly advises using Stop-Loss orders to strictly manage risk when trading with high leverage.
Beginners and traders testing new strategies can switch to BTCC's "Demo Trading" mode with a single click on the App or Web interface. The demo account comes pre-loaded with risk-free virtual funds (such as 100,000 USDT). Powered by live market prices (current price: $0.000036), you can practice opening/closing positions, adjusting leverage, and setting TP/SL for WESTUSDT with zero financial risk.
Trading Waves Enterprise (WEST) on BTCC requires just 4 simple steps: 1) Register a BTCC account and complete basic Identity Verification (KYC); 2) Buy USDT using fiat via credit card/express payment, or deposit USDT/BTC directly from an external wallet; 3) Navigate to the Futures section, search for WESTUSDT, and review its live price ($0.000036) and chart; 4) Select your margin mode and leverage, choose "Buy/Long" or "Sell/Short" based on your market outlook, set TP/SL orders, and confirm your trade.
Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. The content expressed on this page is not intended to be and shall not be construed as an endorsement by BTCC regarding the reliability or accuracy of such content. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial adviser before making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BTCC is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning. Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third-party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under BTCC’s control. BTCC is not responsible for the reliability or accuracy of such third-party sites or their contents.
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