Decentralized cryptocurrency investment fund CrowdWiz has unveiled a new website revealing that the official date for the project’s token sale is set for the 10th of October 2017.
The website also features CrowdWiz’s whitepaper publicly for the first time. The document explains that CrowdWiz will kick off by releasing a crowd wisdom investment fund (WizFund). It is said to be a completely democratic investment entity, where token holders use crowd wisdom to propose, vote, and decide together on the investment activities of the fund.
Token holders will be able to invest in major crypto assets, ICO tokens, and upcoming crypto investment products such as lending, art, and real estate. They will also be able to create their own investment fund crowds for specific goals, which will use their own unique token (Crowd token) generated via the WizFund platform.
CrowdWiz is powered by Krypton Software, the cryptocurrency offering of fintech software company TRADOLOGIC. The startup says that it is introducing a way to allow users to invest via crowdfunding, tapping what it calls “the wisdom of the crowd”, underpinned by a blockchain-based platform.
The service provides investors with crowdsourced portfolio management, allowing them to use their tokens to vote on a specific asset, and then to fund certain projects. “CrowdWiz fund allows the crowd, not fund managers, banks or middlemen with conflicting interests, to decide on how the general fund is spent,” it says.
All capital decisions are subjected to a voting process executed through smart contracts on the Ethereum blockchain network, it adds, guaranteeing an investment process of unmatched fairness and transparency, so the crowd can determine the best actions.