Waves are fundamental to the Wave Auction. Each wave is a random self-executed limit sell order with a set floor price. On average there will be one wave per day. Each wave is an opportunity for top bidders to obtain the HollaEx token daily and is done in a transparent and predictable manner that follows the typical adoption curve during the wave auction.
Above XHT/USDT orderbook posts an incoming wave information. Traders can calculate a prediction for the incoming wave based on the last wave and amount posted other traders bids on the book.
Each wave in a phase has a floor price. The floor price is the lowest price that the HollaEx token will be distributed. In order for bidders to catch the incoming wave, they will have to place bids at or above the floor price.
View a PDF guide on how the HollaEx Wave Auction works.