Here is a really important, must-read white paper by Sasha Ivanov please check it out.
https://wavesplatform.com/files/whitepaper_v0.pdfIn the white papers opening pages, Ivanov explains
"We propose to focus on other uses of blockchain tokens – those which are often overlooked in favor of the low-level opportunities which blockchain technology might provide, such as smart contracts. There is very strong untapped potential in a classical colored coins approach, and the WAVES platform is designed to realize this to its fullest extent.
Smart contracts, being a natural development of Bitcoin scripting, are inevitable and will be one of the cornerstones of blockchain technology. On the other hand, certain features are much easier to implement using other approaches. Custom tokens operations realized as an attachment to blockchain transactions are very flexible and can be used in a variety of applications, from national currencies transfer over the blockchain to decentralized trading. A focus on such operations might well complement the approach introduced by Ethereum. [1]
In the following sections we will describe the technical motivation for WAVES platform's features and illustrate them with use cases. We intend to determine the most “production-ready” aspects of current blockchain technology and apply them to the real-world problems."
After reading tge white paper again, here are my quick thoughts:
On the contrary to what people here may lead you to believe, Waves is not only a platform for the creation
Of new tokens, it's a decentralized exchange, it has use cases for crowd funding, asset to asset trading, AND users can choose to pay the transaction fees for token and asset trades using 🌟THEIR OWN🌟custom tokens. 🌟🌟🌟🌟 ❤️❤️❤️❤️❤️❤️That is a great, useful feature!