Source

Wings (WINGS)

Wings is a decentralized platform based on the blockchain with the aim of evaluating and promoting new projects (start-up), implementing the DAO for the easy creation of projects.

Wings operates under a community voting and forecasting system, which will announce which projects are successful and which are not, and then allow efficient fundraising and rapid decision making. Wings wants to become the solution for the support of projects with needs for promotion and governance, and thus provide entrepreneurs with a valuable tool to help them start their innovative ideas.

Imagine you have a person like Warren, who has the ability to choose projects and value companies. Would you follow the investments that Warren would recommend?

Wings uses a reputation system called "Forecast Rating" or FR. RF has several important and strategic functions; It allows you to identify those Warren and also reward them the more they participate and are correct in their evaluations. This increases your reputation, which means that you will not only have wings and it will be a whale that will predict, but it depends more on your success story. Therefore, the more FR you have, the greater the influence you have.

What are DAOs?

To make it a little clearer, the DAO (Decentralized Autonomous Organization) allows to benefit both individually and collectively, since they are a type of organization or digital society without any type of governor above all, that is, a DAO has the rules of formalization and the automated government that is applied through the software. In addition, the directors are not the only ones who have decision-making power, but the community that owns the token can present proposals, participate in the voting or make proposals to vote.

This ensures the participation of the entire community in all decisions made by the DAO.

Platform

In its platform we can find the different projects underway and their respective assessments and comments from the forecasters.

If we review one of the projects as in the case of AIGAN, we can see project information, Valuation & Feedback. In addition to a table of predictions and the latest comments made by the forecasters.

Token supply

As we said, we like projects that are not inflationary or that are not exploitable, this is so that there is no dilution of the value as more currencies go to market.

A currency or project is inflationary when it can be extracted, because from time to time it increases the total in circulation of its currencies or shares in the market, while at the same time the price of each share or currency decreases.

Wings has a total of 89,708,333 of WINGS in circulation and only a total of 100 million coins will be issued, which is another important aspect, since it is in the range we like of the 20-200 million coins. This makes the Wings a very attractive project in the long term.

Community and team

I studied the team. I noticed that they are not known in the world of cryptocurrencies, but that is not why we are going to take away the merit, the social networks of WINGS have a good amount of followers that support it in telegrams, as well as on Twitter and Facebook, they also update News on your blogs and on the Facebook fan page very often, is a good point to consider.

Market analysis

After a strong increase in May with an increase of up to 200%, the levels bounced from 10.5K to 11K, to continue to fall to the current level, the lowest in its history from 5500 to 6000 satoshis. We have formed a triangular figure in the daily time frame. In a break of this bearish guidance, it would show symptoms of a change in the trend. Stochastic also marks oversold levels that give input signals.

Personally, I would expect a break from that bearish directive to take long positions. Normally in this triangle formation, when a break occurs, it does so with force and volume, either downwards or upwards. We must be attentive to the next movements that the market makes and look for the best entry always close to a support or resistance that covers us the stop.

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Wings is an extremely interesting project, which together with DAOs and smart contracts is a real challenge in terms of governance and the decentralization of projects, which allows the promotion and evaluation of new companies.

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Networks
https://twitter.com/wingsplatform
https://t.me/wingschat
https://www.facebook.com/WingsDAO/

Source
https://coinmarketcap.com/assets/wings/
https://www.wings.ai/
https://blog.wings.ai/
https://wingsfoundation.ch/docs/WINGS_Whitepaper_V1.1.2_es.pdf
https://alpha.wings.ai/#!/home/index

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Posted on Utopian.io - Rewarding Open Source Contributors

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