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Author Topic: WINGS ★ Where DAO Unicorns Are Born! ★ Token launched!  (Read 508504 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (2 posts by 1 user deleted.)
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December 23, 2016, 08:48:08 AM
Last edit: December 23, 2016, 09:04:53 AM by wings.ai
 #2981

Glad to see that people are avoiding this scam like the plague.  Roll Eyes  

All of a sudden, there is a need for more "donation" rounds.    Stas, How about you fucking stick to your word and commitment and accept how much "donations" you receive this time around.  Or is that not enough for you you greedy bastard.  Do you plan on conducting the same scam as your buddy Dor Konforty did with AMPs and pump up Wings and hold 2nd, 3rd , 4th ICOs and then dump all your holdings.  

All potential victims need to do is visit the AMPs thread to see the scam that Stas' buddy pulled off.   All of a sudden, there are unforseen delays with AMPs.   I predict the same thing will happen to wings.      

As said before, we sorry for your loss with other projects, but you really should come with your grievances to their own leaders. There is no connection between Wings and Synereo, nor between any of our team members and theirs.

As per your accusations, contrary to Synereo that kept most of tokens after the 1st ICO and which allowed them to do additional rounds, Wings will distribute most of it's tokens to the participants, with the team own tokens locked under vested schedules.
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December 23, 2016, 08:50:30 AM
 #2982

Yes but it still doesn't tell the plan with the fund under 5k BTC. I'm afraid both the token distribution and the listing on exchanges may delay because of that.

As mentioned before, we will publish an updated roadmap after the token campaign is over, once we know exactly the collected amounts and the final project budget.
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December 23, 2016, 08:54:40 AM
Last edit: December 23, 2016, 09:06:12 AM by wings.ai
 #2983

As a potential doubter in the early stages of the project and now supporter of your project, why do you have 5000 Bitcoin minimum for this project since the price of bitcoin is currently increasing. What happens if you don't reach the 5000 bitcoin minimum and do you have plans for the project if it doesn't reach it. I am have invested 1 BTC so far and would just like some further clarification. If what I am reading is potentially correct, please correct me if I am wrong, I mistakes too, how long would funding be if you didn't reach a certain threshold or certain amount that you desire to raise?  Huh

- You currently have about $1.42 Million U.S.D for the project, do you have a specific amount of money you wish to have before continuing the project or finishing the funding after a few more rounds and how long would that be?

The collected amount is enough for delivering both a fully working product and launching marketing campaign. Some of the more advanced features that we planned might require additional community support, and Wings will provide the DAO tools allowing the community to decide how it wants to proceed.
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December 23, 2016, 09:17:05 AM
 #2984

Can any devs confirm this rule stated in the TOS?

Quote
7.8  Minimum Target Amount

After the “WINGS Donation Campaign” completion, “WINGS” will not accept additional donations in order to avoid project over-funding. However, if the minimum target amount of 5000 BTC has not been reached during the “WINGS Donation Campaign”, “WINGS” may propose to create another donation round.

I have never seen that before. They said that if goal is not reached, then platform will still be running.

That's why I need a confirmation directly from the devs.

That is indeed part of the backing campaign contract, however, more WINGS cannot be created without the approval of the WINGS DAO. It was put in there mainly to ensure that eventually the foundation goes away (i.e., runs out of money) and things are driven by DAO contracts and the community but we need to get the contracts to a state that complete self-governance and decisions can be made continually iterate and self-improve.

We're going to start with the basics and see how far we can get.

Since the WINGS Foundation does not have funds for the later milestones at this time and has not passed that 5k threshold, it may elect to do those things as separate project DAOs in the future by doing a donation crowdfund via the WINGS Foundation Swiss entity. Or it can propose to do another donation round by asking the DAO to create more WINGS for the foundation.  

The DAO could also choose via a proposal to, for example, route some of the DAO's service fees to the Foundation to hire more developers without the need to create more WINGS.

Or if things go very well (meaning lots of projects launch using the platform) the WINGS Foundation may get additional funding from the WINGS it holds and any service fees it obtains via participating in the forecasting process.  Although we need to check with the legal team exactly how that might work and whether the foundation can appoint some forecasting advisors.

Who knows maybe we can get people like Mary Meeker, Warren Buffett, or Henry Blodget (he's only banned from the securities industry not from crypto!) the living famous stock oracles to help the foundation.

So will the roadmap and the time of token distribution be affected if the 5k threshold isn't reached?

the roadmap is determined by how much funds are received.  right now we are at milestone 1.

Yes but it still doesn't tell the plan with the fund under 5k BTC. I'm afraid both the token distribution and the listing on exchanges may delay because of that.

um no bro, rest assured the tokens need to be distributed to forecast on projects.... we're not here to build some 10 year science project like half of these coins on CMC  Grin
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December 23, 2016, 09:25:46 AM
 #2985

hi, if this project does not exceed 5000 BTC whether the project will be refunded?

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December 23, 2016, 09:32:24 AM
 #2986

hi, if this project does not exceed 5000 BTC whether the project will be refunded?

Read few posts above the answer about this question posted so many times. Wink

Yes but it still doesn't tell the plan with the fund under 5k BTC. I'm afraid both the token distribution and the listing on exchanges may delay because of that.

As mentioned before, we will publish an updated roadmap after the token campaign is over, once we know exactly the collected amounts and the final project budget.
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December 23, 2016, 09:59:52 AM
 #2987

My eggs are in "pending" now since the beginning of ico. Can I hatch them anyway?

somewhere on the GUI it shows the number of confirmed eggs, those are the ones that you can move over. 

Its in pending since the beginning. Shouldt that be resolved by now already?

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December 23, 2016, 10:34:29 AM
 #2988

My eggs are in "pending" now since the beginning of ico. Can I hatch them anyway?

somewhere on the GUI it shows the number of confirmed eggs, those are the ones that you can move over. 

Its in pending since the beginning. Shouldt that be resolved by now already?

Is it the amount that's pending? That will show like that until the end of the ICO.

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December 23, 2016, 01:19:42 PM
Last edit: December 23, 2016, 02:00:36 PM by coinzcoinzcoinz
 #2989

Thanks for the calculator, but this is HORRIBLE. I can get more than 7 times more Wings with ETC than with BTC. Now I feel like I wasted my 5 BTC on this crowdfund (I could've spent 7 times less using some shitcoin and get the same amount of WINGS!). So don't give me this BS trying to justify this. This whole cryptocurrency allocation thing is a big FAIL and you know it.  I get that you guys were expecting some sort of equilibrium, but it is not going to happen (ESPECIALLY IF YOU HAVE A VERY MISLEADING ***EXCLUSIVE*** BONUS FOR BTC INVESTMENTS)! Please change the design and just allocate Wings based on $ value invested, otherwise this is a big FAIL and I have wasted 5 BTC. I feel really pissed off.

Disclaimer: I was not aware of the stupid allocation rules when investing. In fact, I actually didn't want to invest with BTC but with ETH, but then there was some stupid exclusive bonus for BTC investors. MISLEADING!

Example:
1 BTC investment (=$908) gives me 33,322 Wings
867.7 ETC investment (=$908) gives me 247,326 Wings

That's more than 7 times more WINGS for the same amount of dollars in value!

Of course I know that it wasn't your intention to get a situation like this. But this situation is reality now and you have to agree that it is massively unfair! I suggest to fix this poor ICO design, because this is just wrong. Please change WINGS allocation based on $ value invested, it is the only way to fix this big mess.

EDIT:
Thanks guys, now I felt like I had to invest 1 BTC worth of ETC to increase my WINGS/$ invested ratio, just so that I feel scammed just a little bit less.
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December 23, 2016, 02:22:57 PM
 #2990

Damn.. so for those who invest in ETC will get 7 times more wings than Bitcoin with 35% bonuses? Shocked
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December 23, 2016, 03:01:47 PM
 #2991

@Densitymaxx: can you explain your theory a bit further? if it sounds reasonable i will sell my house and invest in these two coins Wink

I mean that investing in wings with    Ether Classic and Ripple more profitable now. You can check it in your office using distribution calculator.

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December 23, 2016, 03:48:26 PM
 #2992

My eggs are in "pending" now since the beginning of ico. Can I hatch them anyway?

somewhere on the GUI it shows the number of confirmed eggs, those are the ones that you can move over. 

Its in pending since the beginning. Shouldt that be resolved by now already?

can you be specific, which bounty is pending?
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December 23, 2016, 03:50:52 PM
 #2993

Thanks for the calculator, but this is HORRIBLE. I can get more than 7 times more Wings with ETC than with BTC. Now I feel like I wasted my 5 BTC on this crowdfund (I could've spent 7 times less using some shitcoin and get the same amount of WINGS!). So don't give me this BS trying to justify this. This whole cryptocurrency allocation thing is a big FAIL and you know it.  I get that you guys were expecting some sort of equilibrium, but it is not going to happen (ESPECIALLY IF YOU HAVE A VERY MISLEADING ***EXCLUSIVE*** BONUS FOR BTC INVESTMENTS)! Please change the design and just allocate Wings based on $ value invested, otherwise this is a big FAIL and I have wasted 5 BTC. I feel really pissed off.

Disclaimer: I was not aware of the stupid allocation rules when investing. In fact, I actually didn't want to invest with BTC but with ETH, but then there was some stupid exclusive bonus for BTC investors. MISLEADING!

Example:
1 BTC investment (=$908) gives me 33,322 Wings
867.7 ETC investment (=$908) gives me 247,326 Wings

That's more than 7 times more WINGS for the same amount of dollars in value!

Of course I know that it wasn't your intention to get a situation like this. But this situation is reality now and you have to agree that it is massively unfair! I suggest to fix this poor ICO design, because this is just wrong. Please change WINGS allocation based on $ value invested, it is the only way to fix this big mess.

EDIT:
Thanks guys, now I felt like I had to invest 1 BTC worth of ETC to increase my WINGS/$ invested ratio, just so that I feel scammed just a little bit less.

It is ridiculous, etc is bad, but 7 times of btc investment, fortunately I didn't invest, how can the gap is so huge?

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December 23, 2016, 03:51:59 PM
 #2994

Thanks for the calculator, but this is HORRIBLE. I can get more than 7 times more Wings with ETC than with BTC. Now I feel like I wasted my 5 BTC on this crowdfund (I could've spent 7 times less using some shitcoin and get the same amount of WINGS!). So don't give me this BS trying to justify this. This whole cryptocurrency allocation thing is a big FAIL and you know it.  I get that you guys were expecting some sort of equilibrium, but it is not going to happen (ESPECIALLY IF YOU HAVE A VERY MISLEADING ***EXCLUSIVE*** BONUS FOR BTC INVESTMENTS)! Please change the design and just allocate Wings based on $ value invested, otherwise this is a big FAIL and I have wasted 5 BTC. I feel really pissed off.

Disclaimer: I was not aware of the stupid allocation rules when investing. In fact, I actually didn't want to invest with BTC but with ETH, but then there was some stupid exclusive bonus for BTC investors. MISLEADING!

Example:
1 BTC investment (=$908) gives me 33,322 Wings
867.7 ETC investment (=$908) gives me 247,326 Wings

That's more than 7 times more WINGS for the same amount of dollars in value!

Of course I know that it wasn't your intention to get a situation like this. But this situation is reality now and you have to agree that it is massively unfair! I suggest to fix this poor ICO design, because this is just wrong. Please change WINGS allocation based on $ value invested, it is the only way to fix this big mess.

EDIT:
Thanks guys, now I felt like I had to invest 1 BTC worth of ETC to increase my WINGS/$ invested ratio, just so that I feel scammed just a little bit less.

It is ridiculous, etc is bad, but 7 times of btc investment, fortunately I didn't invest, how can the gap is so huge?


agreed, wtf is this?  they said BTC deposit bonus but in reality it was 5x worse than other cryptos?  that was not clear at all.  wtf?
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December 23, 2016, 03:55:41 PM
 #2995

Thanks for the calculator, but this is HORRIBLE. I can get more than 7 times more Wings with ETC than with BTC. Now I feel like I wasted my 5 BTC on this crowdfund (I could've spent 7 times less using some shitcoin and get the same amount of WINGS!). So don't give me this BS trying to justify this. This whole cryptocurrency allocation thing is a big FAIL and you know it.  I get that you guys were expecting some sort of equilibrium, but it is not going to happen (ESPECIALLY IF YOU HAVE A VERY MISLEADING ***EXCLUSIVE*** BONUS FOR BTC INVESTMENTS)! Please change the design and just allocate Wings based on $ value invested, otherwise this is a big FAIL and I have wasted 5 BTC. I feel really pissed off.

Disclaimer: I was not aware of the stupid allocation rules when investing. In fact, I actually didn't want to invest with BTC but with ETH, but then there was some stupid exclusive bonus for BTC investors. MISLEADING!

Example:
1 BTC investment (=$908) gives me 33,322 Wings
867.7 ETC investment (=$908) gives me 247,326 Wings

That's more than 7 times more WINGS for the same amount of dollars in value!

Of course I know that it wasn't your intention to get a situation like this. But this situation is reality now and you have to agree that it is massively unfair! I suggest to fix this poor ICO design, because this is just wrong. Please change WINGS allocation based on $ value invested, it is the only way to fix this big mess.

EDIT:
Thanks guys, now I felt like I had to invest 1 BTC worth of ETC to increase my WINGS/$ invested ratio, just so that I feel scammed just a little bit less.

It is ridiculous, etc is bad, but 7 times of btc investment, fortunately I didn't invest, how can the gap is so huge?


agreed, wtf is this?  they said BTC deposit bonus but in reality it was 5x worse than other cryptos?  that was not clear at all.  wtf?


and their calculator is offline.  Incredibly misleading allocation rules.  How is it not tied to the capital amount invested? 

I understand this wasn't your intention but people are getting taken advantage of.  complete bullshit if you ask me. 
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December 23, 2016, 04:23:31 PM
 #2996

Is there any threshold? If we can't raise 5000 BTC, will people get refund or project continues?
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December 23, 2016, 04:23:54 PM
 #2997

"WINGS Stiftung is a recipient of a Google Ad Grants award. The Google Ad Grants program supports registered nonprofit organizations that share Google's philosophy of community service to help the world in areas such as science and technology, education, global public health, the environment, youth advocacy, and the arts. Google Ad Grants is an in-kind advertising program that awards free online advertising to nonprofits via Google AdWords."

we'll be publishing more info on this later in a blog post - foundation will get $10,000/month in google advertising, and possibly can get up to $40,000/month if we get into the Grant Pro program.


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December 23, 2016, 04:25:44 PM
 #2998

Is there any threshold? If we can't raise 5000 BTC, will people get refund or project continues?

project continues.  first project DAO (stremio just received 500k from bitmain) is going to happen in March most likely

https://cointelegraph.com/press-releases/stremio-selects-wings-dao-management-platform-for-the-adex-crowdfunding-campaign
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December 23, 2016, 04:55:48 PM
 #2999

"WINGS Stiftung is a recipient of a Google Ad Grants award. The Google Ad Grants program supports registered nonprofit organizations that share Google's philosophy of community service to help the world in areas such as science and technology, education, global public health, the environment, youth advocacy, and the arts. Google Ad Grants is an in-kind advertising program that awards free online advertising to nonprofits via Google AdWords."

we'll be publishing more info on this later in a blog post - foundation will get $10,000/month in google advertising, and possibly can get up to $40,000/month if we get into the Grant Pro program.




Wow that really an awesome news

Congrats team


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jwiz168
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December 23, 2016, 07:05:20 PM
 #3000

Is there any threshold? If we can't raise 5000 BTC, will people get refund or project continues?

project continues.  first project DAO (stremio just received 500k from bitmain) is going to happen in March most likely

https://cointelegraph.com/press-releases/stremio-selects-wings-dao-management-platform-for-the-adex-crowdfunding-campaign

An excellent way to start with. Stremio that is popular will use Wings DAO platform.
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