WINGS, a decentralized crowdfunding platform based on the Ethereum blockchain, has had a great run over the past two months. Culminating in a peak of US $.23 just a few days ago, the currency behind the product has more than doubled since it’s lows of early September.
Despite the slight downturn WINGS is currently experiencing, this crypto-favorite may not be done running up the green candles on your favorite exchange just yet. A small drop like we had today was actually expected and could be considered healthy by long-term investors. These dips are also appreciated by those of us waiting to get in on a project we feel has real potential. WINGS has shown us that potential and is now presenting a great buying opportunity for speculators and traders looking for the next wave of support to lift this coin into the stratosphere.
What is WINGS?
WINGS was created to nurture project proposals via the Decentralized Autonomous Organization (DAO) model. Using blockchain networks and smart contracts, the platform allows the WINGS community to promote proposals with the greatest chance of positive returns. WINGS, in essence, is a decentralized forecasting ecosystem, where token holders are given an incentive to make choices concerning projects on the platform.
The DAO is a popular concept for crypto-projects that want to remain entirely on the web. Using the peer-to-peer technology of blockchain and smart contracts to enforce the rules of participation is a very exciting concept for these fledgling corporations. A major hurdle to a decentralized organization running outside of the control of their creators, however, is voter apathy. WINGS attempts to solve the DAO participation problem with its intuitive platform and flexible governance structure.
Basically, individuals and organizations submit proposals on the WINGS platform, where the community can discuss and forecast the potential of the project. Filtering out shoddy submissions highlighting proposals with greater potential, WINGS was the first project governance platform of its kind.
Current Market Conditions
WINGS ranks in at number 266 on coinmarketcap.com currently and is priced at just over US $.17. The market cap for the company stands at US $15.49 Million. With a total supply of 100 Million coins and 89.7 Million in circulation, WINGS is showing a 24-hour volume just over US $585,000. You can find WINGS on a number of exchanges, including Binance, where it commonly leads the market in daily gains.
Decentralization of Organizations
Nurturing DAO proposals through immutable smart contract execution is the next step in the decentralization of organizations. This innovative concept appeals to enthusiasts and investors alike, as it puts decision making power directly into the hands of stakeholders. Project creators are able to fundraise more effectively, and projects with real potential are advanced rapidly and effectively.
As the year 2018 comes to a close, we stand at the precipice of a new era in organizational collaboration. WINGS, the first DAO crowdfunding crypto-platform, stands ready for the next tranche of support from institutions and individuals in the new year.
Follow me, Micah C. Miracle, as I discuss WINGS and other high flying crypto-projects on Twitter. And don’t miss an episode of my newest YouTube show, Crypto-News Top Picks! Subscribe and smash the like button as we blast-off into a brand new year!
Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
Image courtesy of Pexels
Is Ethereum Still Searching For Its Bottom?
The crypto space has mostly been seeing drops in value during the last 30 days, and it was clear that the bear market of 2018 still has enough energy to cause further damage in this year as well. Most coins occasionally felt a slight growth, although it was not big enough to spark a real rally and shake off the bears.
When it comes to Ethereum, the coin has been dropping continuously since January 10th. ETH experienced high volatility ever since it broke down a $180 support on November 14th, 2018. A small rally starting on December 15th started taking ETH back up, although the highest it managed to reach since then was $159.58 on January 6th, 2019. Since then, the coin’s price entered another free fall, although it never dropped below $100 since then.
The coin seemingly found some stability in the final days of January, when it was trading at around $119, although another drop followed in the first days of February, and Ethereum nearly dropped to $100 on February 6th.
However, February 8th brought a new surge which affected the entire crypto market, bringing the coin’s price back to $144.15, which is its price according to TradingView at the time of writing. The new surge exceeded 11% in the…
Last Week’s Top 3 Most Significant Crypto Events
The crypto space never sleeps, and there is always something going on. Every day, there is some interesting event worth mentioning, some of which may even have significant consequences on the entire crypto space. With that in mind, here are the top three crypto events related to the crypto space that occurred in the previous week, and which may have impacted the world of digital currencies in one way or another.
1) A crypto Whale moves a large portion of XRP
Many have probably already heard the term “Crypto Whale,” as it is quite common to find discussions mentioning them and their activities. The term is a name used for coin holders which tend to buy, sell, or move massive amounts of digital currencies. These are usually professional investors with large funding who can impact the crypto market in any way they please, and make the prices rise or fall depending on their calculated business decisions.
They are called Whales because of the large amounts they move, which usually have a pretty big impact on the market. And, since they are so influential, there are many in the crypto space that have made it their mission to follow the activities of known Whales, and base their business decisions regarding the Whales’ movement.
One example is the Twitter account known as Whale Alert, which has around 50,000 followers. This…
TRON Ecosystem New Addition — CryptoDungeons
According to the recent Medium post published by TRON Arcade, a blockchain-based RPG called CryptoDungeons is to become the latest hit on the TRON blockchain.
— TRON Arcade (@TRONArcade) February 9, 2019
The announcement was published on February 8th, and it states that the CryptoDungeons TRON game is still in development. However, the team is preparing to announce a presale soon, meaning that the official launch is not far away.
CryptoDungeons was originally developed to be a part of Ethereum’s network. However, the team has decided to bring it to TRON instead. Soon enough, the fans of the game will be able to experience its story, universe, and characters on TRON blockchain.
The game is centered around Heroes who can be bought and used for exploring dungeons, crafting various items, gathering food, and alike. The game also offers five races for players to choose from — Humans, Elves Dwarves, Orcs, and Angels. Additionally, there will also be four classes, including Warriors, Mages, Rogues, and Priests. Each class will have its own unique abilities, with the Warrior class being presented as an example. The abilities that this class features include Strike, Heavy Strike, Shield Wall, Shield Slam,…
How is the Crypto Market Changing?
Why no one should be using banks
What Caused So Many Investors to Turn to Bitcoin in 2017?
Altcoins2 weeks ago
3 Biggest Penny Cryptocurrencies in Early 2019
Altcoins2 weeks ago
How Risky is it to Invest in BAT in 2019?
Altcoins2 weeks ago
What to Expect from BNB, BTT, TRX, and BAT
Altcoins2 weeks ago
TRON Surges by 100% in 30 Days — Can it Go Even Further?
Altcoins1 week ago
SOLVE Token Could Be A Huge Long-Term Winner
Blogs2 weeks ago
New DoJ Ruling May Cripple Gambling dApps
Hot Updates2 weeks ago
How to save time and money on cryptocurrency trading?
Blogs2 weeks ago
Understanding the Uses of Different Types Of Cryptocurrencies