Topic: WINGS ★ Where DAO Unicorns Are Born! ★ Token launched! - page 184. (Read 522800 times)

Thank you very much mate! Now is more clear, and I'm doing my forecast right now.. I guess ETH will go down a bit

EDIT: I got this error "Error: Insufficient funds. The account you tried to send transaction from does not have enough funds. Required 1134000000000000 and got: 0."

I tried to lock less Wings than my balance and I had the same error.

quoted from prophetx
"The key here is that the DAO members forecasts are coming in line with reality, which eventually means that there has to be a bit of social promotion going on to hit targets - that will be the real test can the DAO swarm forecast and execute successfully on that forecast to realize it.

It's really a big experiment to see if 100s and perhaps one day 1000s of people from around the globe can sort of self organize with just a rather simple reward system to weed out bad projects and help the right projects get funded."

I don't really understand the benefit of forecasting tbh.....since there is a hard cap of 12 Million $, which will be raised for sure, we essentially just try to guess how much one ether is worth on the day of the ICO.
I mean the rewards are great and Coindash gets more exposure to potential investors, but the forecasting itself is kinda useless imo.

I for one am very pleased with all the hard work this team has done, and amazed by the icos that have used wings so far even while we are still in pre-beta, to me that says ALOT

Although, I like everyone else wishes we could have received our bounties from the forecasts we have done so far, I much prefer safety first by ensuring all audits are complete before the funds are released.

I saw on slack that one audit is now complete, which means there are two, possibly three more audits before the devs release the contract on main net.

I feel confident that the rewards will be paid out and appluad the devs for not rushing this even though there have been quite a few disgruntled people asking them to... If the contract is released before all audits are complete we could have a major disaster, so I am find waiting until the time comes that all audits are complete

if you wait until the 15th you'll miss out on coindash forecasting since it ends on the 11th, which means DaoAct forecasting you would be forecasting towards the end of that one since their pre-ico is on the 17th

It is true you cannot trade coins while they are locked in forecasting. Guess you have to decide which is better for your circumstances, day trading or forecasting. I suck at day trading, so far forecasting is something I prefer myself.

Rewards are calculated using three factors, how early did you forecast compared to others, how close did you come compared to others, and how many wings did you lock for the forecasting.

waw! this looks very good!! im holding my wing and forecasting every ico that comes

The roadmap looks interesting and the project is unique! I like it!

Just bought few thousands of Wings to partecipate in the Coindash forecasting.
Some newbie questions here... It's my first prediction..

1) I saw this "Note this sum of WINGS will be locked on your Ethereum account, you will be able to unlock them later after the forecasting ends". This mean I can't trade my wings during prediction period, but when the forecasting time ends? Why I should do my prediction now and no on 15th July for example? There is a bonus (in terms of reward) to predection now rather than in a week or 10 days?

2) How is the reward divided? In proportion to the locked tokens or depends on the predection?

Thanks in advance

I'm going to play devil's advocate here and say that this pull back is actually good because it will force out people who are just interested in short term profits and allow new people to buy in who understand that WINGS tokens are something they can use to earn tokens on ICOs that engage with the DAO and get the help of the DAO members to promote their ICO (assuming it is a legit team/idea of course).

Right now people see only the price on coinmarketcap but this tells nothing about all of the rewards:

Bancor = $250,000 in BNT + ETH
Adex = $600,000 in Adex coin (at current price on CMC)
Coindash = 2.5% of all tokens sold (1.25% of tota) - I think CoinDash can be worth $50M+ easy if promoted correctly as they have already a Beta product... so that's another $625,000

So just the first ICOs already can bring in $1.5 million with only 1 month of operating in pre-beta

Only 22% of WINGS right now are forecasting; at current valuation this is only about $8 million worth... getting $1.5 million in rewards for only the first 1 month of forecasting.  That's a 240% annualized return if that keeps up for the  group of DAO members who take the time to participate- of course each member's return depends on how good they are in forecasting and helping the ICO achieve the forecast but if you fall within the average over the next 10 or 20 ICOs it should work pretty well.

The key here is that the DAO members forecasts are coming in line with reality, which eventually means that there has to be a bit of social promotion going on to hit targets - that will be the real test can the DAO swarm forecast and execute successfully on that forecast to realize it.

It's really a big experiment to see if 100s and perhaps one day 1000s of people from around the globe can sort of self organize with just a rather simple reward system to weed out bad projects and help the right projects get funded.

I am sad to the price wings now 

If you are not in need of emergency then hold while you can. There are a lot of good things that will happen to wings.

wings has bright future, you would make good amount by forecasting. there's going to be a lot more projects on wings platform. $10 would be nice price. i'm not selling any, i will be forecasting and reaping rewards.

Part of me wants to sell half my wings stash if it gets to $1 again,  but then part of me just thinks that's stupid and I should wait til the roadmap is complete before selling.

If WINGS could get to $10 in the next couple of years that would be good.

What are your expectations for Wings Q4 2018?

LMAO, how do you know how how many BNT I will get!?! The top WingsDao whale that forecasted, all things being equal, meaning everyone forecasted at the exact time, and forecasted the exact same thing, which they didn't, but had it happened that way, he would have earned 15,500 USD worth of BNT and ETH, granted the top whale had 3.5M wings and I don't,  but how do you come up with the conclusion that I only get 5 BNT for my efforts of due diligence at making forecasts through wings platform?

Do you know how early I forecasted? Do you know how close I came to the right prediction? Do you know how many wings I have? (In the future, do you know how many people are giving me their liquid delegation to forecast for them?)

This is why I say, wait until rewards are paid out, then wings will FLY!

People who don't have wings will want wings, and "Some people" who have wings will realize they've been missing out on forecasting and will be pulling them off exchanges to actually use them to earn rewards. (Think supply/demand) hint hint....

Their are going to be people who earned bags full of sometimes hard to get your hands on coins.

And in the future, it will be possible for people with lesser wings getting huge shares of these compared to people with many more wings due to the fact that they are really good at forecasting.

It's not like your going to get a huge bag of coins...

You might get like 5 bancor 

That's more like a dividend to be sold at market rate... unless you plan on holding those expecting BNT to be 100billion cap coin.

Obviously if you want in on these projects your going to have invest...

actually I thought of one more reason I love my wings. Bancor tried to use a method allowing anyone and everyone who wanted to invest in their ico, but it didn't work and they had to end it early because of the insane amount of money they raised. But if you had wings and you used them to forecast you were able to obtain BNT without joining the crowdsale.

I expect coindash will sell out EXTREMELY fast.  Again I am glad I own wings and use them to forecast so that I can earn some CDT whether or not I am lucky enough to get into the ICO since it's likely alot of people won't be able to, assuming it sells out as fast as I think it will

Well put dev. Totally agree with you there...

Also, people shouldn't forget that right now the ICO market is hot, and during this time wings forecasting might not make complete sense.
I think the power of wings will be realized once the ico craze dies down and companies and investors will need a projections market to gauge these crowd funds.
Times are a little funky right now, but once things get back to normal, Wings could prove to be a very valuable platform.

Well that is a very feisty statement but indeed it needed to be  addressed to all doubters that WINGS is a brand new form of crypto marketing and advertising . I compared the statement of mummybtc to Coca Cola doesn't need anymore tv exposure since it has the majority sales in beverage. Duh, I almost fell off my chair reading that nonsense statement of mummybtc. Tell you what, mummybtc instead of just wondering how would your wings tokens may bring money, please READ how wings forecasting will do. I know you had joined the ICO and signature campaign so you must have a little knowledge but why is there cloud of doubts hovering together with other user named chichidori . TRUST THE PROCESS guys will you? Dev guys are working extremely hard and they take pride with their developing products , give then due credits .

These projects are already paying 1-2-3-4% to 1 or 2 guys being an "advisor" - for example for providing some "auditing" or "marketing/pr" - with let's say questionable track records for some.  

So you think that a project wouldn't want our bounty app that brings and helps them manage 2000+ people, and/or be able to price their ico correctly? making a pricing mistake means losing a lot more than 2%!!

If you think that this is just about "would have raised the amount they are looking for" - then you are missing the point.  

Yes, most projects can raise X by giving up Y.  The point is to give up only Y-N, and they don't know what N is... No fancy, self-styled "crypto economist" that made 20X portfolio return (haven't we all??!) is going to be better to tell you what N is than 300-500 people (also let's call them mini "crypto economist" - some are actual VCs!) spread around the world with access to contacts and info.... while also getting M new users instead of some fraction of M again by leveraging 100s of people rather than a handful.

You aren't going to get that with some centralized service provider with a skeleton staff of 4 people.

I don't care how good someone or some firm is, they can't compete with a global swarm.

My concern about wings model is the sustainability, I believe all the recent forecast on the platform would have raised the amount they are looking for. I believe COindash team would raise $12 million easily without wings forecast, what of if these projects decided they can get a value better somewhere

At current estimate... 22% of wings holders will bring home 750K worth of bounty rewards and counting.

If split equally, that's 0.035$ per coin forecasted.

I'm getting pretty anxious to see my rewards.. planning to sell and buy more wings. Like reinvesting dividends.