The Token of Trust.

IOU1 On The Go.

Waves Wallet is an easy to use mobile application to quickly access your IOU1 asset. The wallet is connected to public Waves nodes in order to retrieve your transactions and send or receive payments. Simple & convenient.

A CRYPTOCURRENCY FOR THE 'BORROWING' MASSES.

Anyone, whether creditor or debtor, has the option to utilize the IOU1 token as the established debt agreement. A safe, simple, and secure cryptocurrency that can benefit and assure both parties.

SIGNED LETTER, OPTIONAL.

The traditional debt acknowledgement letter is not required. The IOU1 can take its place entirely, or be added in as a valuable asset in any negotiation. IOU1 can be the collateral and guarantee; the blockchain the legal agreement.


NON-REVERSIBLE TRANSACTIONS, 'NO CHARGEBACKS'.

By design, once an IOU1 transaction has been broadcast to the Waves network, it cannot be reversed. The same rule applies to most other cryptocurrencies and altcoins based on blockchain tech. Some see it as a flaw; we see it as a feature that greatly reduces, if not eliminates, counterparty risk.

 
CREDITORS MINIMIZE LOSS & DEBTORS GAIN TRUST
.

A creditor takes less risk and minimal losses, as IOU1 can be traded directly on the Waves DEX (or other third-party exchange). Debtors can obtain and use IOU1 as a valuable trade option, especially in situations where collateral or secured debt is necessary to borrow. As IOU1 increases in value, the debtor and creditor can both benefit from the market.


DECENTRALIzED, FOR YOUR PROTECTION.

Because the Waves Platform is decentralized, there is no central entity to control or regulate the network. You can rest assured that your wallet will always be accessible.
(Pro tip: Keep your recovery seed safe and secure!)

POWERED BY THE WAVES PLATFORM

Thanks to the power of the Waves Platform, the IOU1 transactions are swift, secure, and reliable. The decentralised blockchain technology prevents from tampering or modifying data, as the transactions are time-stamped and permanently recorded to the 'public ledger'. 

FREQUENTLY ASKED QUESTIONS:

What is an IOU?
The definition, quoted from Wikipedia,
 "An Iou (abbreviated from the phrase "I owe you") is usually an informal document acknowledging debt. Iou documents may be redeemable for a specific product or service rather than a quantity of currency." Read more at:
wikipedia.org/wiki/IOU
What exactly is an IOU1 token?
An IOU1 token is a decentralized digital asset, widely known as a 'cryptocurrency' or 'altcoin', commonly used as a medium of exchange. An IOU1 token is referred to as just ‘IOU1’ or by the ticker/trade symbol 'iou'. The IOU1 project is a venture to provide an alternative safe, secure, and simple method to the traditional IOU proposition.
Why should I use IOU1?
IF YOU ARE A CREDITOR OR DEBTOR THAT DESIRES A SECURE, EASY, CONVENIENT, AND FAST ALTERNATIVE TO THE STANDARD IOU AGREEMENT, THe IOU1 IS FOR YOU. THERE IS also AN EXTRA BENEFIT FOR BOTH PARTIES:
-> As the creditor, IOU1 will LOWER your RISK AND/OR minimize your LOSS
-> As the debtor, IOU1 will be A VALUABLE TRADE OPTION to the BORROW/loan
How can I get some IOU1?
IOU1 is obtained by trading Bitcoin or altcoins in a cryptocurrency exchange, such as the WAVES Decentralized Exchange (DEX), which is directly accessible in the waves lite client. access the waves lite client at waveswallet.io or download the waves wallet mobile app. more information about the WAVES Platform and WAVES DEX at wavesplatform.com.

IOU1 is also listed for trade on:
What is the current value of an IOU1?
The market value of an IOU1 is determined by supply and demand. There will only be 100,000,000 to ever exist. The current distributed amount of iou1 is shown in the stats section bottom of this page. see iou1 waves dex trade and transfer info at wavesgo.com.
How SECURE are my IOU1?
The WAVES Platform is a decentralized blockchain platform that is highly secure by design. For more information about the Waves Platform, read the whitepaper at: wavesplatform.com.
Why use the Waves Platform for the IOU1?
BECAUSE OF IT'S MANY desired FEATURES, such as:
-> EASILY implement projects without have to write code, which saves time.
-> lightning-FAST TRANSACTIONS!
-> WAVES LITE CLIENT IS INTUITIVE AND SIMPLE TO USE, fitted for the average person.
-> WAVES DEX allows you TO TRADE IOU1 with other waves assets right in your wallet.
-> HIGHLY SECURE BY DESIGN, THANKS TO CRYPTO BLOCKCHAIN TECHNOLOGY.
-> DECENTRALIZED NETWORK VIA WAVES NODES, PROVIDING HIGH REDUNDANCY AND RELIABILITY.
What are the cons in using the Waves Platform?
the waves platform has a very important REQUIREMENT; you need to use WAVES to perform ANY operations in the WAVES Lite client. this includes sending IOU1 from your wallet or trading IOU1 in the WAVES DEX. WAVES are what 'fuel' the platform. Waves must be traded for with Bitcoin or altcoins at a third-party exchange. we recommend using shapeshift.IO as this is the SAFEST and FASTEST way to obtain WAVES. For more information, please visit shapeshift.io.
Can't I do the same thing with WAVES or other cryptocurrency?
Absolutely, You are free to use whatever cryptocurrency you want. we just specifically targeted the IOU concept as we think cryptocurrency can provide assurance and trust in the negotiation and agreement process. But really Our main goal is to familiarize the average person with the cryptocurrency market in the easiest and simplest way possible. and The waves platform allows us to do just that. the IOU1 makes it less daunting and less complicated for the unfamiliar to understand and reap the benefits.
I'm in, where do I start?
see the process steps below to get started. if you have any friends or family that are familiar with cryptocurrency, they can be a great resource to help you get set up.

THE PROCESS SIMPLIFIED:

Create your new wallet in the Waves Lite client or the Android or iOS app.
Get WAVES by swapping Bitcoin or altcoins and send it directly to your wallet.
Trade your WAVES, Bitcoin, or altcoins for IOU1 in the WAVES DEX or IOU in other exchanges.
Offer to use IOU1 in your next borrow or debt agreement, or use as a trade option for goods.

IOU1 The token of trust.

Total of 100,000,00 IOU1 distributed (max).

please note the following:

we do not store your waves wallet private key or seed. You are responsible for the security of your own private key and seed. please put them in a safe and secure place. we are not liable for any loss or damages resulting from lost private keys or seeds. The access wallet link directs to waveswallet.io which we do not own or provide support.

We are not endorsed by or affiliated with uphold.com.
we just mention them as our favorite source to obtain bitcoin.

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