Topic: WINGS ★ Where DAO Unicorns Are Born! ★ Token launched! - page 382. (Read 522800 times)

Is interesting the interest people still have in this project after the donation and foundation news, it is good to have good disciples or maybe the interest is just because of the bounty

5 eggs = 1 wings ? good joke. As I know  there are allocated 1,5 mil Wings for 1,5 mil Eggs. I think  1 eggs should be around 1-3 wings.

Would that be the other way around ? Say 5 eggs = 1 wing token. I am just citing the real life scenario here. Eggs can be cracked, spoiled or whatever reason there is a tendency that it will not be a full blown bird with wings if you know what I'm saying. But I could be wrong . It depends really on the distribution of Egg bounties.

I don't think such a lot conversion ratio for eggs to wings token. I think would be around 1 egg =5 wings token.

No it doesn't mean lots of dumping.
Total number of wings for Bounty is fixed at 1.5 million. Which is only 1.5 % of the total supply. Wings/eggs rate would not affect the dumping much .

Dumping would still be there. But I think, in January February the price of wings would rise.

WINGS dev guarantee DAOs wont end up like TheDAO. That is where the forecasting mechanism of participants will kick in. As early as launching a proposal, people can already identify what would be a successful DAO due to swarm intelligence that WINGS platform is built in for.

That's great and good to hear.. I'm excited about the project can't wait to see what's in store.. is there any company's that you can name that will be apart of wings when it launches?

Watching, interesting to see how many DAOs come out, just hope they don't end up like TheDao.

Everybody is so positive about this project and participants are eager to know how many DAO at launch will be forecasted . Some are anticipating the Egg redemption site. Just full of excitement with WINGS.

thanks.

The unique advantage is this forecasting model and leveraging the community pick projects to recommend to the world; as well as allow releases of funds based on milestone achievements.  The WINGS DAO community basically acts like a due diligence and governance arm.  

Just a little history here but the Silicon Valley VC came into being because the East Coast bankers didn't understand how to go about funding technology start-ups on the West coast.   Likewise, it is possible to make a claim that many VCs today are unwilling to fund the development of crypto p2p networks because they do not fit into their box.

So we have the opportunity to build a new system for ourselves.

I hope at least 1: 10 ..a little thing then goes

Wings looks very interesting I have invested in ICO and looks promising.. just hope that wings learned from the original DAO what not to do.. I see by reading this thread that wings already have projects ready which is very promising

Let them dump for weak hands have no place in a great platform like WINGS. To which big whales will take advantage of the situation.

Ohhh! I hope this doesn't mean lots of dumping. Bounty hunters are a big help in promoting projects but sometimes they seemed to create panic and drag a coin's value down in the early days. 

With the huge bounties given I would say a close to 1:0.75 ratio for wings from egg.

Very good explanation. Im sure there will be a lot of unhatch eggs😅

Nice video showing how wings would work in forecasting and creating a DAO to be voted upon by the community. The process takes away the possibility of a rogue smart contract.

Do people who forecast have to make a payment in anyway? I assume they do to protect the voting process?

Pablo.

just to clarify people only get rewarded when they forecast on a project, and the closer their forecast is to the end result (how much the project gets in funding) the higher their reward (the portion of the fee the project pays to the DAO) and the higher their Forecast Rating goes up over time.

therefore there is an incentive to continue to participate and evaluate projects

the WINGS DAO community forecasts the potential success of a project, for now we are only considering key questions like:

1) is the project legit or is the proposal spam/scam
2) if legit, how much will this project bring in their crowdfunding (basically what is the value of the project)
3) if the project has milestones that unlock funds, what is the chance that each milestone will be achieved

this allows people who do not have time to spend our and hours reading about each new coin coming out to basically focus their time and money on the top as filter by the WINGS DAO community.  In turn the WINGS DAO members get some % of the funds that a project raises the more accurately they forecast - note that #2 can be resolved using "blockchain fact" (the deposit contract/address), and #3 can be resolved by automated release of funds based on block time unless the project DAO does an exception vote which would fire off a process to find a new project team.

once a project is like the holders of a coin (the people who funded the project) would get to determine it's upgrade path for example what transaction fee algo to use, or other parts of the coin's economic model or other things.  we however want to get enough funding to build in forecast markets so people are not actually "voting" they are deciding what option makes the coin holders more money.

UI looks awesome

So the shareholder will get a chance to vote on the project in order to decide the project's future right?