Ethereum ERC20 Project Listings Community Rewards & Eggs v2.0 Launch
When we began to work on WINGS 2 years ago we anticipated that there would be 100s of new coins coming out each month, and we certainly would not have time to review every white paper. Thus, was born the idea WINGS to leverage the global community of those interested in funding causes and projects to vet, rate and help the most worth projects stand out.
After those 2 years of work we finally launched and announced the WINGS Beta quietly over the weekend of CoinAgenda Caribbean. The WINGS Beta allows for a seamless experience for evaluators, creators and funders to collaborate globally in a reputation based system held together by algorithmic incentives via the power of smart contracts on the Ethereum network.
WINGS allows for project creators to use a visually based system for configuring a token minting and sales contract, or connect an existing contract that has implemented specified methods; consequently, any token sales platform, crowdfunding portal or digital investment bank can leverage WINGS programmatically.
Creators: Why Submit Your Project to WINGS
WINGS is a community of several 1000s of individuals and companies many of whom also run crypto-funds or are well known in the community, like Jihan Wu of Bitmain, David Drake of LDJ Capital, and TransformPR headed by Michael Terpin. Thus, your project is not just vetted by some anonymous crowd but by well-known crypto whales, VCs, and influencers.
Our data analysis partner, DEEP, has helped us correlate the funding impact of people who submit forecasts and and funding. The correlated group typically ranges from about 5–25% of the total funds; note that for projects that don’t get very good feedback this can be lower.
The WINGS pre-beta dapp reached about 40,000 unique viewers in January of 2018; that was accomplished with 2+ minute load times for the Dapp.
The cost structure of WINGS make it accessible to most projects and definitely for any platform to integrate.
First, there is a 5000 WINGS anti-spam/scam deposit, if the community does not reject the project it is accepted to be valued and potentially promoted by individual evaluators; the 5000 WINGS are returned to you. Second, each project is recommended to reward the community for this valuation work; in the pre-beta projects offered between 0.5% — 3% of tokens, however this is up to your discretion and what you believe is appropriate to your project. Keep in mind that this is a free market and the community may refuse to spend their time evaluating projects.
Mega-projects: Community Leadership for the Common Good
For projects with well known teams who clearly do not need any help from the WINGS community we still urge you to be good stewards of this developing ecosystem and opt-in to make use of WINGS in order to set an example for smaller projects to follow. The costs are nominal. Yet the gains to the common good are far unmatched if WINGS evaluators can understand what makes up a high-quality project and if project funders are given a nod that the project is open to scrutiny.
Get Rewarded for Qualified Projects
While the WINGS pre-beta saw many projects get 500+ forecasts, and perhaps several thousands of onlookers reviewing the community forecasts, we want to ensure that the system becomes self-sustaining and that there are WINGS experts around the world reaching out to project teams explaining to them the advantages of using WINGS.
To that end we will be awarding WINGS to those who bring successful projects to use WINGS Beta.
Qualifying projects must meet the following conditions:
- must raise at least $2M
- must award at least $100k in token value to the WINGS community via the WINGS forecasting rewards algorithm contract
- must not be rejected by the WINGS community
- must not be deemed by any G6 gov’t regulator to be an unregistered security or illegal (within 30 days of the closing of the funding)
Reward schedule:
- Up to 100 projects (we are currently at 44): 5000 WINGS (up to 280,000 WINGS)
- from 101 to 200: 2500 WINGS (up to 250,000 WINGS)
- from 201 to 300: 1250 WINGS (up to 125,000 WINGS)
- from 301 to 500: 500 WINGS (up to 100,000 WINGS)
Note these numbers are based on all projects which are not rejected; some projects may not meet the qualification conditions yet will count toward the count.
Some Resources
Most projects which raise $2M or more for now will most likely write their own smart contract. Hence, anyone engaging founder teams should familiarize yourself with the following documents:
Ethereum Newbie Integration Guide
Elite Hacker Integration Guide
Additionally, the team at WINGS Foundation is available to help with this integration and testing. The easiest way to engage the team is to create a joint chat room in Telegram; go to https://t.me/wingschat and ask to speak to some of the foundation staff.
How to Register a Project and Get Rewarded
The WINGS system has 1000s of forecasters and we know that some of you may contact the same projects. Think about partnering with others and split the reward. The following are the registration requirements:
- Project must have committed verbally to using WINGS
- There must be a joint chat room created with the person registering the project and at least one project founder.
- Check that no one else has registered the project successfully here: https://goo.gl/WoBGsW
- Fill out this form: https://goo.gl/forms/RE0iYdkciI7L6eeB3
- After the project makes the forecasting reward to the community go to the WINGS reward portal (https://rewards.wings.ai — coming this week) and make a claim for your reward.
Note that you will be asked to provide an invoice to WINGS Foundation from your person or a corporate entity.
Eggs are Back
Many of you will remember the launch of the original Eggs program which many 1000s of you hatched into WINGS. Now that we are in the beta phase we need the help and support of the community more than ever to make WINGS a de facto standard for decentralized crowd evaluation of things being sold on the Ethereum network.
Later this week the Eggs rewards portal will re-launch at https://rewards.wings.ai and we will post a blog about an allocation of WINGS that the WINGS Foundation will make available to those who collect Eggs.
Happy egg hunting!
