Wings Crypto: Worth Investing Or Just Another Bubble?

Wings is a blockchain-based platform that enables the creation and management of Decentralized Autonomous Organizations or DAOs. It uses a forecasting system based on incentivized crowd intelligence to assess the amount of funding a project should receive during a crowdfunding campaign and to rate its overall potential. The WINGS community conducts in-depth research and background checks, akin to a decentralized research analyst. DAO token holders are rewarded for their forecasting and analytical services and earn reputations for providing quality services. WINGS raised over $1 million in its first ICO round. While some believe that the future investment landscape will exclude ICOs and cryptocurrency tokens, others argue that it will depend on investors and their willingness to hold projects to a set of universally accepted standards.

Wings' role in creating and managing Decentralized Autonomous Organisations

Wings is a blockchain platform that allows users to invest in, create, and manage other blockchain projects. It is a cross-blockchain, smart-contract-based platform that enables the easy creation, participation, and management of Decentralized Autonomous Organisations (DAOs). Wings aims to bring DAOs to the mainstream by making them accessible to entrepreneurs and companies.

DAOs are a new type of organisation enabled by blockchain technology, where enforcement of contracts is secured by the immutability of decentralised blockchains. DAOs can lower costs for trust and contract enforcement, provide a global network to bridge across varying regulatory regimes, and offer easier access to a global network of human and computing resources.

The Wings platform offers a simple and fluent user experience that enables the easy creation and participation in new projects without the need to learn a new language or manually code smart contracts. It provides a step-by-step wizard for launching new DAO proposals, and users can submit new proposals and review votes and feedback from the convenience of their instant messaging apps.

Wings also offers a reputation system based on forecast ratings, enabling DAO forecasters to be ranked for their performance. The higher a Wings member's forecast rating and reputation, the greater the rewards.

In addition, Wings provides a full legal framework toolkit to help companies and entrepreneurs understand the legal boundaries and protect themselves from regulatory issues. A legal counsel pool is also available to provide licensed, competent, and experienced legal advisory services.

By utilising swarm intelligence and incentivised decentralised forecasting, Wings helps select DAOs with the best potential. It offers a variety of initial governance systems, including voting and voting delegation, and leverages chatbot technology for easy engagement, information retrieval, and forecasting.

Overall, Wings plays a crucial role in creating and managing DAOs by providing an accessible and user-friendly platform, offering legal support, and facilitating the selection and forecasting of DAOs with its reputation system and swarm intelligence capabilities.

The future of crypto-tokens

The main issue with crypto-tokens is the lack of regulation. This has led to many scams and fraudulent schemes, with some startups making outlandish promises and failing to deliver. This has resulted in a sceptical view of ICOs and crypto-tokens as a whole. However, some companies are trying to address these issues and make the process more transparent and legitimate. For example, WINGS.ai, a decentralised platform, uses the power of the blockchain community to evaluate and rate tokens, providing a "good housekeeping seal of approval". Other companies, like OpenLedger, are creating ecosystems and platforms to help startups strategise, promote and execute crypto-token crowdfunding campaigns.

The rise of security tokens is also an important development in the world of crypto. Security tokens are a natural bridge between the traditional finance sector and blockchain, as they represent fractional ownership of real assets, such as a house, car, or equity in a company. They provide a more structured and regulated way to invest in blockchain projects, which could attract more traditional investors. NASDAQ, JPMorgan and Overstock have already entered the space, and Overstock CEO Patrick Byrne predicted that 100% of Wall Street stocks and bonds will be tokenised in five years.

While the future of crypto-tokens is uncertain, it is clear that the technology and the idea of decentralised finance are here to stay. Blockchain technology has the potential to disrupt huge industries, and crypto-tokens will continue to evolve and mature as the industry develops.

The potential for start-ups to short-circuit the VC process

Wings is a decentralised platform that uses blockchain community power to evaluate and rate tokens. Wings.ai is a decentralised platform that aims to address some of the challenges associated with cryptocurrency investment.

The crypto industry is evolving rapidly, and it is often compared to the gold rush. Traditional and retail investors are flocking to the crypto space, and venture capital funds are showing an increasing interest in cryptocurrency businesses. Crypto startups have a lot of equity, and the mainstream is starting to see them as viable investment vehicles.

Venture capital (VC) funding is a common route for startups to take when they are not yet ready to go public or unable to secure funds from retail investors. The VC funding process typically involves several stages, starting with the pre-seed stage, where funding comes from friends and family, and moving on to seed funding, where the viability of the product is tested. This is followed by Series A, B, and C rounds, where the company seeks additional funding for growth, expansion, and diversification.

Crypto startups can now access VC funding more easily as VC funds are no longer limiting their interest to crypto unicorns. Many VCs are adopting "pick and shovel" business models, investing in crypto-related businesses that provide derivative services to the same user base. This shift presents an opportunity for startups to short-circuit the VC process and secure funding without going through the traditional route.

Startups can achieve this by leveraging crypto-token crowdfunding or Initial Coin Offerings (ICOs). ICOs have become an easy way for blockchain startups to fund their projects early in the development cycle. In 2016, blockchain startups raised $200 million through ICOs, and this figure is expected to grow.

However, it is important to note that the legal classification of ICOs and crypto-tokens is unclear, and some experts view them as potentially fraudulent or scam tokens. Startups have sometimes launched ICOs without due diligence, offering only vague promises and a flashy website.

To short-circuit the VC process successfully, startups should focus on building strong teams, presenting viable and testable models, and ensuring transparency. By addressing these key factors, startups can increase their chances of securing funding through ICOs and avoiding the lengthy VC process.

The unregulated nature of blockchain

Unregulated blockchains, also known as "public" blockchains, are highly decentralised. This means that no single entity has control over the chain, and changes or transactions require verification across a vast network of nodes. This makes it virtually impossible for cybercriminals to break into the system. Leading cryptocurrencies like Bitcoin and Ethereum operate on such unregulated blockchains.

The decentralised nature of blockchain technology ensures that there is no single central owner. Any changes to the blockchain must be agreed upon by a predetermined number of distributed computers, or "nodes". This procedure ensures the security of the blockchain and makes it extremely difficult for hackers to compromise.

However, the lack of regulation also means that there are limited consequences for scammers who trick people into handing over their credentials or assets. Additionally, the anonymity provided by unregulated blockchains can lead to more underhanded transactions taking place on the ledger. While this preserves privacy, it can also facilitate illegal activities.

The issue of regulation in the blockchain and cryptocurrency space is complex and highly debated. Blockchain technology is inherently decentralised, which makes regulation challenging. However, the lack of regulation has also led to concerns about security and consumer protection.

Some argue that regulated blockchains, also known as "private" blockchains, can provide more security and stability. In a regulated blockchain, a single organisation has authority over the network, making it easier to identify and address suspicious activity. However, the centralised nature of regulated blockchains goes against the core principle of blockchain technology and can be off-putting for cryptocurrency enthusiasts.

The regulatory landscape for blockchain and cryptocurrency is still evolving, with different countries taking varying approaches. While some countries have banned cryptocurrencies, others have adopted a more positive stance and are working towards creating a regulatory framework to address security and consumer protection concerns while preserving the benefits of the technology.

The role of blockchain in disrupting the VC and fundraising landscape

Blockchain technology has had a significant impact on the fundraising landscape, particularly with the introduction of Initial Coin Offerings (ICOs) during the cryptocurrency boom of 2017. ICOs allowed startups to raise funds by issuing digital tokens, providing an alternative to traditional fundraising methods. This new form of crowdfunding based on cryptocurrency tokens gave early investors the chance to acquire tokens in exchange for cryptocurrency.

ICOs offered several advantages, including providing a means for startups to bypass the lengthy and expensive process of dealing with venture capitalists or banks, and democratizing investment opportunities by allowing retail investors to participate in early-stage projects. However, the lack of regulatory oversight led to scams, fraud, and investor protection concerns.

To address these issues, Security Token Offerings (STOs) emerged as a more compliant alternative. STOs are subject to securities regulations, offering investors legal protection, and they bring the benefits of blockchain technology to the traditional securities market. STOs enhance transparency, reduce costs, and enable fractional ownership of assets.

Decentralized Autonomous Organizations (DAOs) have also played a role in disrupting the fundraising model. DAOs are governed by smart contracts and operate based on pre-defined rules and voting mechanisms, enabling collective decision-making and funding allocation. DAOs allow community members to participate in project governance, creating a more democratic and inclusive approach to fundraising.

Tokenization platforms have further facilitated fundraising by providing infrastructure for issuing, managing, and trading tokenized assets, enabling fractional ownership, and unlocking liquidity. These platforms streamline fundraising processes, reduce costs, and increase accessibility, opening up opportunities for smaller investors.

Blockchain-based fundraising platforms provide a decentralized and transparent environment for campaigns, facilitating token generation and distribution through smart contracts. These platforms ensure transparency and immutability, with tokens distributed in exchange for investment or participation. They also incorporate investor verification and compliance features to prevent fraudulent activities and enhance credibility.

Smart contract functionality is crucial in blockchain-based fundraising, automating tasks such as token distribution and dividend payments, increasing efficiency, and reducing the need for intermediaries. These platforms foster crowdfunding and community engagement, creating a sense of shared purpose by facilitating direct engagement between project owners and supporters.

The use of blockchain in fundraising has the potential to lower barriers to entry for startups and entrepreneurs, enhance transparency and accountability, enable global participation, and reduce the reliance on intermediaries and associated costs. It provides an opportunity to transform the fundraising landscape, offering a more inclusive, efficient, and secure approach to capital raising.

While there are challenges and regulatory considerations to address, blockchain technology is disrupting the VC and fundraising landscape by providing innovative solutions and empowering retail investors to participate in early-stage opportunities.

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