Wings (WINGS)

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Wings is a blockchain platform that aims to empower the creation and launching of new projects through an optimized organizational model known as Decentralized Autonomous Organization.

Joke Name

Wings = Token Kick Starter

Basic Intro

Link to the main website

Link to price/market cap

Exchange Ticker (WINGS)

Coin or Token

Circulating Supply (89 Million)

Total Supply (100 Million)

Market Cap Ranking

Review

Wings is a blockchain platform that aims to empower the creation and launching of new projects through an optimized organizational model known as Decentralized Autonomous Organization. It allows companies, startups and single entrepreneurs to submit their ideas for evaluation by means of prediction markets.

Crowdsale:

WINGS was rather under-the-radar, raising the measly $1 700 000 dollars.

Key Features:

  • How it works
  • Project Launch
  • Token

How it works

New project proposals are submitted to the WINGS platform and forecasted on by the WINGS token holders. During the duration of the proposal, users have the ability to suggest improvements and are allowed to vote and rank certain amendments. Once the forecasting period is over, the projects become full WINGS DAO projects and are activated on the WINGS platform, allowing them to collect funds stored directly in their own smart contracts. Once the funding period ceases, the DAO will start operating the projects according to the governance model embedded in their respective smart contracts.

Project Launch

The core goal of the WINGs platform is to allow for the launch and management of DAO projects. WINGS maximizes community involvement and allows for an unbiased decision-making tool based on swarm intelligence. Also, project launch on the WINGS platform provides a valuable marketing boost, as users will be able to influence the way that the project is going and thus, boost customer confidence and loyalty in an already very transparent project.

Token

The WINGs token will act as the platform’s fuel, compensating miners for processing transactions. Also, the most accurate forecasters on the platform will be rewarded for their knowledge. Proposal creators might even chose to reward the forecasters with their native token instead of WINGS.

Problems:

The platform has no apparent issues with the platform. It has been up for almost 2 years and if you’d go to the site right now you’d see various startups looking for evaluation.

Conclusion:

The WINGS platform is one of the more time-tested projects in crypto. It is there and it has a working product. Going to https://www.wings.ai/explore you’d be able to see multiple projects trying to raise funds and many that have failed to do so. Rarely in crypto do we see such project that manage to come out with a solid working product, unlike many others, purely-whitepaper projects who, despite raising drastically more funds than WINGs during their crowdsale, struggle to come out with an alpha build of their project even a year after development.

Pros

  • Working product
  • Tested over time

Cons

  • No backing (asset, profits, commodity)