Questions about creating a market pegged asset for the first time

[markf]

Hi All,

I have been getting used to the platform over the last few weeks and I am thinking of getting more involved by creating a market pegged asset.  Lets say I create a market pegged asset against the cryptocurrency WAVES, would the smartcoin creation follow the WAVES release schedule?  Also, Who do new users buy this new asset from?  What are the main benefits to a user who creates a market pegged asset and is there anything I should know before creating my own user issued asset?


This information would be very helpful and appreciated.