WINGS ★ Where DAO Unicorns Are Born! ★ Token launched!

[jacaf01]

Is this project going to continue if less than 5000BTC?

 I think Wings team get some basic things wrong, No signature campaign during ICO funding, using the term donation instead of investment and keep referring to the way Ethereum did their own ICO, there is no two similar projects and people have been scammed and want to protect their investment first before anything

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[jonesT]

Is this project going to continue if less than 5000BTC?

 I think Wings team get some basic things wrong, No signature campaign during ICO funding, using the term donation instead of investment and keep referring to the way Ethereum did their own ICO, there is no two similar projects and people have been scammed and want to protect their investment first before anything

Yes.

[CryR]

Can anyone please tell me, if in the future Wings will be list on an exchange (like poloniex bittrex etc..)

[moroseneng]

Can anyone please tell me, if in the future Wings will be list on an exchange (like poloniex bittrex etc..)

Crypstsy for sure

[jwiz168]

Is this project going to continue if less than 5000BTC?

 I think Wings team get some basic things wrong, No signature campaign during ICO funding, using the term donation instead of investment and keep referring to the way Ethereum did their own ICO, there is no two similar projects and people have been scammed and want to protect their investment first before anything

I guess you are a little bit misinformed or did not have time to read the OP . Signature campaign was done in pre-ICO . 4 months running.

[Thingamajig]

how did chronobank ico gain more funding than wings ? And it is just their first day. I like what wings have to offer more.

It's dodgey for sure. Particularly as i didn't really see any real advertising/campaign for awareness.

I suspect insider knowledge coupled with a few big whales backing the project, which is mostly a negative sign in my mind - centralizing wealth like this is what causes massive price fluctuations when they pump and dump.

[Sasukeevil]

Is this project going to continue if less than 5000BTC?

 I think Wings team get some basic things wrong, No signature campaign during ICO funding, using the term donation instead of investment and keep referring to the way Ethereum did their own ICO, there is no two similar projects and people have been scammed and want to protect their investment first before anything

Yes.

Will the roadmap change if the minimum goal isn't reached?

[housebtc]

Is this project going to continue if less than 5000BTC?

 I think Wings team get some basic things wrong, No signature campaign during ICO funding, using the term donation instead of investment and keep referring to the way Ethereum did their own ICO, there is no two similar projects and people have been scammed and want to protect their investment first before anything

I guess you are a little bit misinformed or did not have time to read the OP . Signature campaign was done in pre-ICO . 4 months running.

I think what he is saying is that why do a pre-ico campaign and decided not to do any during the campaign. How many wings signature badge have you seen on this forum recently compare to Chronobank signature that flood every thread you visit now

[kalpit]

Is this project going to continue if less than 5000BTC?

 I think Wings team get some basic things wrong, No signature campaign during ICO funding, using the term donation instead of investment and keep referring to the way Ethereum did their own ICO, there is no two similar projects and people have been scammed and want to protect their investment first before anything

I guess you are a little bit misinformed or did not have time to read the OP . Signature campaign was done in pre-ICO . 4 months running.

I think what he is saying is that why do a pre-ico campaign and decided not to do any during the campaign. How many wings signature badge have you seen on this forum recently compare to Chronobank signature that flood every thread you visit now

Yeah, that was a bad decision. Maybe, they thought people won't remove their signatures in ico period due to referral system.
Wings appears to be more promising than chronobank for short term. But when chronobank launches fully in 3 years it can provide higher profits.

[wings.ai]

Is this project going to continue if less than 5000BTC?

 I think Wings team get some basic things wrong, No signature campaign during ICO funding, using the term donation instead of investment and keep referring to the way Ethereum did their own ICO, there is no two similar projects and people have been scammed and want to protect their investment first before anything

I guess you are a little bit misinformed or did not have time to read the OP . Signature campaign was done in pre-ICO . 4 months running.

I think what he is saying is that why do a pre-ico campaign and decided not to do any during the campaign. How many wings signature badge have you seen on this forum recently compare to Chronobank signature that flood every thread you visit now

Yeah, that was a bad decision. Maybe, they thought people won't remove their signatures in ico period due to referral system.
Wings appears to be more promising than chronobank for short term. But when chronobank launches fully in 3 years it can provide higher profits.

i was going to run it at first, but then someone pointed out that after running the sig campaign for 5 months, practically anyone who would have clicked and signed up would have done it already, and we have them in our database.

regarding profits.... who is more profitable in the world today? VC's and investment bankers? Or guys running staff outsourcing services?

[kalpit]

i was going to run it at first, but then someone pointed out that after running the sig campaign for 5 months, practically anyone who would have clicked and signed up would have done it already, and we have them in our database.

regarding profits.... who is more profitable in the world today? VC's and investment bankers? Or guys running staff outsourcing services?

The advantage with chronobank was that it has Australian government as customer. Which means it would have got popularity later on.

Anyhow, profits in crypto are not predictable to a good accuracy.


One question, I don't know if it has been answered,
Would the mechanism of prediction be similar to that of Augur?
Do you have to buy share in prediction to gain profit? Do users have to invest to predict the outcome?

[wings.ai]

One question, I don't know if it has been answered,
Would the mechanism of prediction be similar to that of Augur?
Do you have to buy share in prediction to gain profit? Do users have to invest to predict the outcome?

It is somewhat similar in concept, but the implementation is much different. While in Augur the reporters will be loosing REP's in case they don't report or change their report in the middle of process, we specifically designed WINGS to avoid any loss of tokens.

The way WINGS works is that anyone that has WINGS can make a forecast of how much a project will raise in funds, and also what are the chances of achieving predefined milestones (we will add more variables later but starting with this simplified model).  That allows people to use crowd-sourced data to value a project, as well as perform risk assessment of achieving milestones, again based on crowd intelligence.

Participants who make forecasts then earn a portion of the fee that a project pays to the DAO. This portion set according to how close they are to the result (say I forecasted that wings would raise 2500 btc and it raised 2500 btc), their historical Forecast Rating (FR) and the amount of WINGS tokens they hold. Their FR also increases and decreases following how close they were to the right answer.

The scientific white paper describes the mathematical model in a more detail: http://wings.ai/docs/WINGS_Scientific.pdf

So imagine that being part of WINGS DAO is like having a job at JP Morgan or some VC fund as an analyst... your job is to tell people what you think will happen... how much is this thing valued at? Will the project deliver the new self-driving car in milestone 1? Will the car fly to the moon to unlock milestone 2?

Over time the people who are better at this get rewarded.  But the bigger consequence of this is that over time anyone participating on a project that has not launched with WINGS is operating with a lot more risk.

By reducing the participation risk, we open the gates to a lot more people participating in funding projects who aren't professional crypto enthusiasts living breathing crypto for breakfast, lunch and dinner.

[kalpit]

--snip

Who would be the reporter of the outcome?


Also, i couldn't understand why a person making a proposal cannot exploit the system by buying lots of wings.

[jwiz168]

--snip

Who would be the reporter of the outcome?


Also, i couldn't understand why a person making a proposal cannot exploit the system by buying lots of wings.

It seems that you are here on wings thread just to make comparison with your chronosbank ico . Are you somewhat less confidence with your chronosbank ? Tell you what Wings is a different beast and a lot of of potentials . Don't get me wrong but somehow you are feeling threaten by Wings . Why not invest on Wings at the same time with chronosbank. As the saying goes do not put eggs in one basket.

[wings.ai]

Who would be the reporter of the outcome?

Also, i couldn't understand why a person making a proposal cannot exploit the system by buying lots of wings.

At the first version of WINGS, we are going to use the immutable data provided by the blockchain (e.g. how many BTC have been collected, or how many participants have voted to release the project next milestone). There is no need for human reporters with this approach.

The most important factor is how close a person to particular forecast result. The amount of WINGS tokens held increases a bit the gained reward for correct forecast, or reduces a bit the FR penalty for incorrect one, but it does not enable one to exploit the system. You are welcome to review the mathematical model and provide any useful feedback, so our team scientist Sergeui Popov, could take it into account.

[kalpit]

--snip

Who would be the reporter of the outcome?


Also, i couldn't understand why a person making a proposal cannot exploit the system by buying lots of wings.

It seems that you are here on wings thread just to make comparison with your chronosbank ico . Are you somewhat less confidence with your chronosbank ? Tell you what Wings is a different beast and a lot of of potentials . Don't get me wrong but somehow you are feeling threaten by Wings . Why not invest on Wings at the same time with chronosbank. As the saying goes do not put eggs in one basket.

Where do you see comparison of wings and chronobank in this post?
Chronobank and wings are different. We cannot compare them. I was just giving my opinion on the profit we can make from the two.

I usually clear my doubts (if any) on the project before investing.

Actually, I would be investing more in wings ICO than chronobank. The earnings I make from forecasts (if any) , would be invested in chronobank and some back in wings.

[rgornik]

I think success of Wings highly depends on success of Iconomi. Let me clear my opinion.

Lately there are a lot of ICOs who are searching for few million $. And as we can see just few projects got 100% amount they were searching for. So it looks money supply for ICOs is sometimes (too) short. As Iconomi will become entry point for new FIAT money it will be able to bring tons of it into crypto. And if they succeed with it then this money will be searching for different investments and one of them will surely be ICOs. And if supply will be way above demand then Wings will profit a lot from it because it will be, in a way, entry point to gather crypto money for projects. So I think Wings and Iconomi are natural partners in crypto and thats why I think they invested into it. And I really hope they both succeed because that could push crypto into new highs

is iconomi buying wings? proof?

What? No.
Why do you think that iconomi buying wings?

Iconomi aim to profit by trading Index and Performance funds. and they will cap the funds so there will be NO "supply above demand". and hence the assumption that Iconomi and Wings are "natural partners" is baseless.

I disagree. Iconomi is trying to get FIAT into crypto, Wings will help DAOs to get right way of funding. Some of FIAT money will search for Venture projects with high risk and possibly high profits and therefore it can be put into ICOs through Iconomi platform

[jonesT]

I see Wings IOU on Liqui. No volume yet. Wings needs to get on Poloniex.

It is not yet even started on Liqui.
Check things carefully.

[jonesT]

--snip

Who would be the reporter of the outcome?


Also, i couldn't understand why a person making a proposal cannot exploit the system by buying lots of wings.

It seems that you are here on wings thread just to make comparison with your chronosbank ico . Are you somewhat less confidence with your chronosbank ? Tell you what Wings is a different beast and a lot of of potentials . Don't get me wrong but somehow you are feeling threaten by Wings . Why not invest on Wings at the same time with chronosbank. As the saying goes do not put eggs in one basket.

Where do you see comparison of wings and chronobank in this post?
Chronobank and wings are different. We cannot compare them. I was just giving my opinion on the profit we can make from the two.

I usually clear my doubts (if any) on the project before investing.

Actually, I would be investing more in wings ICO than chronobank. The earnings I make from forecasts (if any) , would be invested in chronobank and some back in wings.

Chronobank is not the best choice to invest since they used VC funds.

[disconnectme]

Is this project going to continue if less than 5000BTC?

 I think Wings team get some basic things wrong, No signature campaign during ICO funding, using the term donation instead of investment and keep referring to the way Ethereum did their own ICO, there is no two similar projects and people have been scammed and want to protect their investment first before anything

I guess you are a little bit misinformed or did not have time to read the OP . Signature campaign was done in pre-ICO . 4 months running.

I think what he is saying is that why do a pre-ico campaign and decided not to do any during the campaign. How many wings signature badge have you seen on this forum recently compare to Chronobank signature that flood every thread you visit now

Yeah, that was a bad decision. Maybe, they thought people won't remove their signatures in ico period due to referral system.
Wings appears to be more promising than chronobank for short term. But when chronobank launches fully in 3 years it can provide higher profits.

i was going to run it at first, but then someone pointed out that after running the sig campaign for 5 months, practically anyone who would have clicked and signed up would have done it already, and we have them in our database.

regarding profits.... who is more profitable in the world today? VC's and investment bankers? Or guys running staff outsourcing services?

Concerning the signature, that is a bad move there, you just need visibility and it doesn't matter how long that is why you still see coca-cola spending Millions of $ of advert, I also read the %1 impact of social media on the just concluded US election.