Trade WINGS - WINGS Markets, Exchanges, Broker
Wings is a platform that enables its users to participate in the administration of decentralised autonomous organisation, DAO for short. The approach of this new platform uses a mixture of standard DAO governance, predictive marketing and crowdfunding.
The developers' goal is to bring users from around the world together to work together to decide on the course and future of new projects.
Who is behind the project?
The Wings team is based in Russia and is led by Stas Oskin, who has over a decade of experience in engineering, management and social product development. Boris Popov is the Blockchain engineer. He also works as a consultant for Lisk. Serguei Popov, Artem Gorbachev, Anton Bilyk are other members of the team.
How does Wings work?
Project developers start by submitting their proposals to the Wings platform. In the usual crowdfunding process, investors, benefits and free access to the finished products are granted, but WINGS gives people who invest in the project a share instead. This is issued in the form of a WINGS coin.
These tokens allow investors to participate in any future decisions affecting the project and entitle them to a share of future profits distributed through smart contracts.
The feasibility of the submitted projects is analysed by the Wings community in a kind of swarm intelligence. For this purpose, owners of Wings Coins evaluate the projects that are proposed. They assess whether a new project is worthwhile or even feasible, taking into account prediction markets, risk assessments and the calculation of potential profits. Not only the project is evaluated, but also the team behind it. It is about whether they appear trustworthy and how realistic the business plan seems.
What is the company's future?
Wings is revolutionary because it gives crowdfunders the opportunity to interact with potential projects and give feedback. No other crowdfunding project or DAO technology on the market enables such interaction between companies and potential investors. Project staff and professionals who want to offer their expertise also benefit from this system. They are given the opportunity to contribute their expertise to new projects.
The use of chatbots enables users to interact with the Wings platform not only via traditional web or desktop interfaces, but also via messaging apps such as Telegram, Slack, Facebook Chat and WeChat. For the future, the company plans to use artificial intelligence to enable and improve natural voice interaction with the platform in many different languages.
This means that users around the world can be active on the Wings platform in their native language at any time. The Wings team hopes that in a few years people will have such confidence in the system that the first question in a new business model will be: "How many Wings does it have?".
How important DAOs in general will be for our society in the future was described by the renowned futurist and cryptographer Ralph Merkle in an article on 31 May 2016, where he argues that DAOs and crowdsourcing could lead to better decision-making and even to new forms of democracy.