Token: WINGS

Project governance and backing platform

ICO dates
Start date: 2016-11-18
End date: 2017-01-06

Registrated in: Switzerland

Platform: Ethereum

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Wings categories
Wings token sale
KYC passing required No | Whitelist No | Restriction for countries No
Tokens for sale 100,000,000
Sold tokens 75,000,000
Acceppting BTC
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Random whitepaper excerpts

WINGS is a blockchain platform that seeds and nurtures a community dedicated to the launching,
backing and promotion of new projects proposals through a fluid organizational model referred to as
a Decentralized Autonomous Organization (DAO). DAOs implement self-determining and indepen-
dent organizational governance, management and operations using immutable blockchains and
smart contracts execution.
WINGS combines several concepts, ranging from attention rewards, forecasting markets, smart con-
tracts, governance models and federated funds security. The platform places an emphasis on
encouraging the WINGS community to identify and promote high-value proposals that have higher
chances of positive financial returns. WINGS creates a decentralized forecasting ecosystem that
gives tangible incentives for WINGS token holders to put the effort in making the best available choic-
es to maximize their rewards.
A social funding platform with incentivized for...

WINGS is a decentralized platform enabling individuals and organizations to submit new proposals to
the WINGS DAO community in order for the latter to discuss, review and forecast on the proposal’s
success factors. Forecasting eliminates inappropriate projects and focuses potential future backers’
attention on proposals with the highest potential. More accurately, the process filters out unworthy
submissions and highlights high potential proposals that can perform a successful backing and
receive promotion assistance from the community. Both the proposal submitters and the community
have the ability to earn rewards for the creation and forecasting of new proposals.
WINGS will be the first project governance and backing social platform of its kind that utilizes novel
technologies such as: swarm intelligence through decentralized forecasting markets, smart con-
tracts generators, DAO contracts accessibility and engagement solutions, flexible governance and

The emergence and understanding of the swarm intelligence (information and action manifesting
from decentralized, self-organized systems) creates new possibilities for new tools and methods of
reaching decision consensus and predicting events. By rewarding participants submitting new
proposals and those who forecast a DAO project’s ability to raise funds or meet certain milestones,
the platform creates an incentive-based system that encourages participation. Forecasts occur
according to perceived gain or loss mechanisms, enabling participants to risk missing out on rewards
based on choices, thus encouraging participants to conduct research prior to forecasting. The
system is intended to reward well-informed decisions which predict correctly.
Multidimensional markets
WINGS utilizes a special form of forecasts belonging
to the category of extra-predictive applications (a
term coined by Paul Sztorc). The category employs
multidimensional markets that bind both t...

Other examples of key decisions for which forecast markets can be used for DAO proposals are the
release of a milestone payments to a DAO contractor, work starting on implementing some feature or
capability, or making a change to a DAO’s governance or core operating ruleset.
The forecasting process is semi-transparent, with up-to-date forecasts being published and visible to
the public, and only with individual forecasts being completely private. This in order to avoid a possi-
ble behavioural bias between the tokens owners, and encourage them to produce the best forecasts
they can, without being concerned with the other forecasts popularity, or the forecast ratings of the
individuals behind them.
Forecast rating
Those participating in forecasts on the WINGS platform receive a public rating representing their abili-
ty to make correct forecasts. WINGS DAO implements a liquid DAO governance system that allows for
fluid delegation of votes. Token holders can loan ('delegate') forecas...

Forecast ratings have a gradual decay that is reset at every forecasting event and will eventually drop
to nil in case the token holder does not produce any forecasts. The decay mechanism is necessary in
order to encourage the token holders to actively participate in the forecasts leading to better opinions
distribution and the resulting decision making.
Sybil prevention and anti-spam fees
In order to discourage botnets and farming from siphoning off rewards, the WINGS system imple-
ments an anti-Sybil protection by having the amount of held tokens influence the reward that the
token owner is receiving for correct forecasts. While it is possible to participate in forecasts without
tokens (with the exception of the anti-spam fee) the amount of rewards, in this case, will be negligible
enough, especially when compared to a possible loss of the forecast rating in case of an incorrect
The forecast rating gain and loss is also influenced by the amount of tokens...

In addition to preventing spam and abuse, the fee-based design is required due to the WINGS platform
being based at stage one on the Rootstock (RSK) side-chain with Bitcoin fees involved.
Due to the second stage of the WINGS platform involving the launch of a stand-alone cross-block-
chain, a switch to a fee-less design will be considered, provided it will not impact the quality of the
forecast markets and of the decisions taken. The WINGS tokens owners will have to reach a consen-
sus via decentralized governance in order to switch to this design.
Rewards models
WINGS platform will utilize a rewards model that encourages token holder to participate in forecast-
ing and try to provide accurate forecasts. These rewards are granted explicitly.
For example, a reward is granted for forecasting the fundraising success of a proposal, with a portion
of the project’s newly created tokens, and/or a portion of the collected funds. The closer a token
holder will be to the c...

The lifecycle of an organization is generally thought of as individuals coming up with an idea, forming
it into a new entity comprised of contractual relationships and finally evolving it into a new organiza
tion. As blockchain have already proven to have the ability to bind decentralized community efforts,
and following Ethereum’s innovation of a generalized smart contracts scripting language and virtual
machine on a decentralized blockchain, new decentralized organizations developing new projects,
products and solutions are possible now. We are at the dawn of a new era of organizational collabora-
tion and governance.
When new initiatives that launch on decentralized platforms, have to gain the necessary credibility,
trust and community support. The process is not easy, especially due to the fact that the blockchain
community is nascent and many players are new entrants to the market, some with dubious inten-
tions. Various methods such...

After the forecasting period is complete proposals automatically become full WINGS DAO projects
and are activated on the WINGS platform. The activation process consists of the generation of a
unique set of DAO smart contracts and digital tokens that are assigned to the new DAO. Once activat-
ed, a countdown for the backing campaign begins, at the end of which the project will be become a
fully functioning DAO on the platform, enabling the project to collect funds directly into its individual
smart contract. Once the backing period is completed, the DAO project will then start operating
according to the governance model and rules defined in its smart contract.
The role of WINGS tokens
The WINGS platform uses a token with multiple roles which acts as (i) the platform’s smart contract
fuel and compensation for miners processing transactions, (ii) an anti-spam fee for transactions, (iii)
a measure to prevent Sybil attacks by rewarding token owners according to the number of tokens
Serguei Popov
Serguei Popov Scientific Advisor

Boris Povod
Boris Povod Blockchain Developer

Stas Oskin
Stas Oskin BizDev and Core Dev

Alexey Kopievsky
Alexey Kopievsky Senior Frontend Developer

Artem Gorbachev
Artem Gorbachev Math Model Developer

Harsh Vakharia
Harsh Vakharia Full Stack Developer

Sebastian Stupurac
Sebastian Stupurac Project & Product

Chandler Guo
Chandler Guo Strategic Adviser

Dominik Zynis
Dominik Zynis Marketing & Communications

Nikolay Taymanov
Nikolay Taymanov Community Manager

Lior Zysman
Lior Zysman Legal Advisor

Nimrod Back
Nimrod Back Campaign Advisor

Eric Gu
Eric Gu Marketing Advisor

Matthew Elias
Matthew Elias Strategic Advisor

Eric Gu
Eric Gu
Marketing Advisor
Founder of Viewfin
Strategy Adviser
Founder & CEO @ Metaverse
CEO and Co-Founder at ViewFin
Metaverse Founder &CEO
Blockchain Advisor
Lior Zysman
Lior Zysman
Legal Advisor
Legal Advisor ZAG-S&W /Blockchain Projects
Law & Regulation
Legal Advisor
Dominik Zynis
Dominik Zynis
Marketing & Communications
Dominik ZYNIS
Dominik ZYNIS
WINGS Cofounder
Chandler Guo
Chandler Guo
Strategic Adviser
Sebastian Stupurac
Sebastian Stupurac
Project & Product
Community Advisor
Project & Product at WINGS DAO
Blockchain Funding Expert
Artem Gorbachev
Artem Gorbachev
Math Model Developer
Blockchain Expert, PHD
Stas Oskin
Stas Oskin
BizDev and Core Dev
Blockchain Expert
Boris Povod
Boris Povod
Blockchain Developer
Blockchain Developer at WINGS DAO
Serguei Popov
Serguei Popov
Scientific Advisor
Professor of the University of Campinas, Brazil
Scientific and token product concept advisor