WINGS Beta Testnet & Final ICO Forecast
Beta Testnet
Around Christmas weekend we did a soft launch of the WINGS Beta Testnet (https://testnet.wings.ai), in the works for 1+ year! We’re excited to move over to this UX and smart contracts in January as the 4 security audits wrap up! in 2017 we have forecasted on over 30 projects which have raised over $425 Million in the 6 months that WINGS pre-beta has been operational.
That’s about 14% of total money raised in ICOs in that time period. It’s truly amazing and we send our thanks to all the projects and community members who have made all this possible
In the testnet (running on a private Ethereum devnet instance) you can create a new eth account, this will provide you automatically with some test Ether and WINGS. You can do the following:
1) Multi-Forecasting: Lock your WINGS to make anti-spam/scam evaluations, and of course the valuation forecasts. You can do this now with multiple projects and not split your WINGS!
2) Project Proposal: You can create your own project to have the community evaluation it and approve it. Cost is 1500 WINGS deposit — if approved you get these back, if not well the evaluators get your WINGS!
3) Create ICO: Once your projects forecast period is over and it’s not rejected you can set up your ICO based on valuation feedback.
4) Fund ICO: projects which have passed the curation and valuation stage have their smart contracts generated can be funded via the wallet (because this on a private testnet the data won’t show in etherscan and MEW)
5) Receive Forecasting Rewards — rewards for ICOs generated with WINGS contracts have automated deployment of rewards contracts, users need to initiate collection as in prebeta.
6) Forecast Rating System — you can now see your forecast rating after forecasts resolve. FR is a reputation system for WINGS forecasters.
7) ICO Coins in — currently the wallet will not show the coins received from rewards or ICOs unless the coin is ETH or WINGS — this UX will be deployed a bit after the New Years holiday celebrations are completed. In the production version of course you shall be able to see these in myetherwallet, parity, and other Ethereum wallets that support erc20 tokens.
Read more in the official announcement press release
Aurora Forecast — Hybrid DEX
As the last forecast of the year brings us something really special. As you all know there’s been over 30 projects using WINGS and many of them don’t raise $100M+ (some do). So when exchanges ask for $300k to get listed, that just don’t make sense. So the last 2 months we have scoured the crypto-sphere and even investigated building our own DEX for WINGS. We thought it is better to find partners as we think that 2018 will be the year of the decentralized exchange in order to drive cost cutting, efficiency, transparency, and security of funds custody in the space.
To that end the last forecast is on Aurora DAO the makers of https://idex.market — a hybrid dex — meaning custody of funds is in a smart contract and there is a centralized orderbook matching which allows this exchange to get as high as 50 TPS already and making order finality easier on market makers. They plan to fully decentralize and offer other solutions so read about their project carefully!
WINGS Foundation also has announced that we will give away 50 DVIP membership tokens to Idex, one each to the first 50 projects on the platform that raise $5M or more.
For more information on these two projects and to submit your forecast go to the WINGS dapp at: https://www.wings.ai or click on the images below.
Read more about our strategic engagement with Aurora in the recent press release
