hello there.
Quite new to this, how does wings work? What can prediction markets bring to the masses?
I am not sure I can see the value of this coin and platform.
Why do we need it? Isnt it just speculation form a bunch of people? sorry for the terms used.
Sorry for all the questions, just got mentioned Wings by a friend and trying to figure out how good it is.
Gotta do some reading but appreciate any help.
Thanks!
WINGS is price discovery system for valuing stuff that is being put on the market - we begin with ICO. As well as a social proof based promotion system.
Give some though to why valuation services, or price discovery is important, then you will understand. There are many ways to go about this, you can go to 1 person, or as in our case you can ask a crowd of people who also get a forecast rating (i.e., we can ID the experts).
So what would you rather rely on? 1 guy or 500 who are competing for the top spot?
Most prefer the latter. And for the rest they can go pay some advisor fee to some so-called "crypto-economist", underprice their ICO and get only 190 participants like BAT got. That's about 2 orders of magnitude lower than a typical "popular" ICO these days!