I think those questions should be answered here and then quoted everytime someone new comes to the thread. For many newcomers those are not clear.
1. What are the three problems that Wings platform solves / three things it can be used for?
2. How ICO creators can benefit from using Wings platform?
3. How investors can benefit from using Wings platform?
1. What are the three problems that Wings platform solves / three things it can be used for?
2. How ICO creators can benefit from using Wings platform?
3. How investors can benefit from using Wings platform?
It's a good question and I want to know it.
How can Wing exist without any new functions which are different from wave or Eth platform?
first of all WINGS lives on top of Eth platform...
WINGS is a price discovery and promotion platform for getting something funded. If an ICO is legit, it can benefit from the swarm AI price discovery and social network of the DAO members; if an ICO creator is a scammer they likely won't benefit.
Not all ICOs need to be "investments" sometimes some people just want extra scrutiny on non-profit projects, or other things.
It will probably take at least one market shake out before people in the crypto space admit that they should be using a DAO for due diligence and valuation, even if is to re-enforce to investors that all non-scam ICOs are willing to undergo scrutiny like this.
Imagine in the real world... there are two companies doing IPOs: Company A is being IPO'd by JP Morgan and GoldmanSachs; Company B is being IPO'd by some random "banker" who got his MBA online last month. You have never heard of either Company A or B. Now I let you invest $1M into only one of these 2 IPOs, and in 3 years you get 50% of the profits. Which do you pick?
A corollary to this is... say that people can only participate in the IPO if you introduce them to Company A or B, which company are you more likely to share with your social network?
So it's the same with WINGS... imagine there are perhaps scores (20+) of ICOs happening each month... you don't even have time to read up on each one.... but you want to invest....
You see some ICOs that are not on WINGS... some of them have famous Dev's like Vitalik Buterin or Gavin Wood, who have enough star power they don't need to really get valued by a DAO, they can instantly create $1 Billion valuation ICOs out of thin air. You know they are likely solid but you know they might be over valued and you want a bit of risk... let's call this Opportunity A.
The rest of the ICOs they have some paid shills and run by night analysts that may be getting paid off or had participated in a pre-ICO doing "interviews" or "analyst reports". You don't know because this in a totally unregulated market and the SEC and other national investor agencies aren't going to be extraditing them out of Russia, Switzerland or the Seychelles anytime soon. Let's call this Opportunity B.
But then you see some ICOs that 100s maybe even 1000s of people around the world are evaluating ... these people are pseudonymous yet they have forecast ratings records on the Ethereum blockchain through some platform called WINGS.... you can see that the top 10 analysts give some ICOs a good valuation and very positive feedback. These accounts have perhaps 100s or 1000s of followers... Let's call this Opportunity C.
These analysts give some lower valuations yet warm feedback on some other ICOs but point out some risks... let's call this Opportunity D.
Now we all know everyone is going to put some money into Opp A... that's almost a given.
Now ask yourself that same question as before... assume you invested some of my money already something in Opp A... now you can invest $1M more of my money in Opps B, C and/or D. In 3 years you get 50% of the profits... how will you split that $1M? All into Opp B?
And again the corollary to this is... say that people can only participate in the ICO if you introduce them to Opp B, C or D (they all know Vitalik and Gavin so they dont need to be intro'ed to Opp A), when you are not being paid to be a shill which Opps are you more likely to share with your social network?
