DAO Platform WINGS Raises Over $1.7 Million from Crowdfunding
- WINGS is developing a decentralized organization management platform on the Ethereum and Bitcoin blockchains.
WINGS, a decentralized platform to create, crowdfund, join and manage projects using Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe and smart contracts, today announced reaching over 1735 BTC in campaign contributions (about $1.77 million).
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The developers explain that using WINGS, "decentralized autonomous organization" (DAO) projects are first vetted and valued by a global community before moving to the crowdfunding stage; project funds are kept in individual Smart Contract Smart Contract A smart contract is a piece of software that automatically executes a pre-determined set of actions when a certain set of criteria or met. One of the key tenets of smart contracts is their ability to perform credible transactions without third parties and are self-executing, with their conditions written into the lines of code that form themAdditionally, these transactions are both trackable and irreversible. For example, a smart contract could be used to give royalty payouts to a musical artist A smart contract is a piece of software that automatically executes a pre-determined set of actions when a certain set of criteria or met. One of the key tenets of smart contracts is their ability to perform credible transactions without third parties and are self-executing, with their conditions written into the lines of code that form themAdditionally, these transactions are both trackable and irreversible. For example, a smart contract could be used to give royalty payouts to a musical artist enforced escrows while project backers have the ability to get involved in project governance.
WINGS owners who actively forecast are rewarded with a fraction of every successful project based on their forecasting ability. In return, projects get feedback and market valuation insights prior to conducting their funding campaign, and those giving funds to a project get valuation and risk insights based on the swarm intelligence. Crowdfunding can take the form of donations, rewards or equity.
“The $1.7 Million in support we have received so far from the cryptocurrency community and the number projects which have contacted us to use the systems affirms the need for a object, intelligence and scientific approach to global crowdfunding and project governance,” said Boris Povod, President of the WINGS Foundation Council, “In 2017 it is our goal to us this funding to accelerate the development of WINGS in order to harness blockchain technology and crowd intelligence powering the next-generation of global project funding and management.”
Started on November 18, 2016, the WINGS donation-based crowdfunding campaign is set to end on January 6, 2017.
WINGS, a decentralized platform to create, crowdfund, join and manage projects using Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe and smart contracts, today announced reaching over 1735 BTC in campaign contributions (about $1.77 million).
To unlock the Asian market, register now to the iFX EXPO in Hong Kong.
The developers explain that using WINGS, "decentralized autonomous organization" (DAO) projects are first vetted and valued by a global community before moving to the crowdfunding stage; project funds are kept in individual Smart Contract Smart Contract A smart contract is a piece of software that automatically executes a pre-determined set of actions when a certain set of criteria or met. One of the key tenets of smart contracts is their ability to perform credible transactions without third parties and are self-executing, with their conditions written into the lines of code that form themAdditionally, these transactions are both trackable and irreversible. For example, a smart contract could be used to give royalty payouts to a musical artist A smart contract is a piece of software that automatically executes a pre-determined set of actions when a certain set of criteria or met. One of the key tenets of smart contracts is their ability to perform credible transactions without third parties and are self-executing, with their conditions written into the lines of code that form themAdditionally, these transactions are both trackable and irreversible. For example, a smart contract could be used to give royalty payouts to a musical artist enforced escrows while project backers have the ability to get involved in project governance.
WINGS owners who actively forecast are rewarded with a fraction of every successful project based on their forecasting ability. In return, projects get feedback and market valuation insights prior to conducting their funding campaign, and those giving funds to a project get valuation and risk insights based on the swarm intelligence. Crowdfunding can take the form of donations, rewards or equity.
“The $1.7 Million in support we have received so far from the cryptocurrency community and the number projects which have contacted us to use the systems affirms the need for a object, intelligence and scientific approach to global crowdfunding and project governance,” said Boris Povod, President of the WINGS Foundation Council, “In 2017 it is our goal to us this funding to accelerate the development of WINGS in order to harness blockchain technology and crowd intelligence powering the next-generation of global project funding and management.”
Started on November 18, 2016, the WINGS donation-based crowdfunding campaign is set to end on January 6, 2017.