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This name would be perfect for a business brand.
The name "CoolWave" has eight characters and only two syllables. Two syllable names make popular global brands. Examples of popular two syllable names include Kleenex, Sony and Boeing.
This domain was first registered in November 1999. Older domains have an advantage when ranking in search engines.
Coolwave.com is a .com domain. Dot com domains are the most sought after top-level-domain in the world, famously used by websites like facebook.com. Once secured, a .com all but guarantees no-one else can outrank you for your own name in the long run.