Bancor Protocol , the standard for creation of intrinsically tradeable cryptocurrencies or ‘Smart Tokens’, today announced a collaboration with WINGS, an Ethereum-based platform that harnesses the power of crowds for discovery and promotion of projects seeking funding, to help value and promote the upcoming crowdsale of the BANCOR network.
The BANCOR network token will be the first Smart Token benefiting from continuous liquidity and automatic price discovery directly through its smart contract, without the need for a second party to exchange with, nor dependent on being listed in an exchange. Members of the WINGS DAO will be able to forecast on the result of the upcoming Bancor token sale this June, and share their forecasts with their social networks. Accurate forecasts will receive higher payments rewards which could be as high as $250,000. Members of the public will be able to see the forecasts of their social connections as well as aggregations of the crowd’s sentiment for Bancor. For many people new to cryptocurrencies and smart tokens, crowd valuations are an important part of their understanding the project’s climate for success.
“BANCOR is a truly innovative concept in the cryptocurrency space that will allow 1000s of new currencies to float on the Ethereum network,¨ says Boris Povod, President of the WINGS Foundation Council. “We designed WINGS to allow people from all over the world to value and promote projects they believe in and are excited to have a team and project as strong as Bancor to be the first crowdfund presented to the WINGS community.”
In this first decentralized analysis of a token, the WINGS DAO community will have the chance to evaluate and provide feedback on the BANCOR network token crowdsale at https://Wings.ai.
“We are excited to work with WINGS on harnessing the power of the crowd to help people evaluate the sentiment around the Bancor Protocol project. Bancor at its core is about allowing mass participation in the emerging value network economy, and this is another great way to bring people in and empower individuals to participate actively”, says Eyal Hertzog, Cofounder and Chief Product Architect.
Once the Bancor crowdsale ends the WINGS DAO will be rewarded based on the performance of the crowdsale with a mix of Bancor token and Ether capping at $250,000.
WINGS token holders will be able to collect their algorithmically determined forecasting reward, based on the math model designed by Dr. Sergey Popov, simply by calling on a smart contract which will distribute their allotted Ethereum and BANCOR tokens as well as adjust their publically available WINGS Forecast Rating.
Bancor protocol is an initiative of the Bprotocol Foundation, a nonprofit organization based in Zug, Switzerland. Bancor protocol is a standard for the creation of Smart Tokens, a new category of cryptocurrencies which are intrinsically tradable. Starting on the Ethereum public blockchain, Bancor utilizes a new method to enable built-in price discovery and an automatic liquidity mechanism for Smart Tokens, without the need for matching two parties in an exchange. The Bancor Protocol creates a new type of interconnected asset exchange ecosystem, and unlocks the long tail of user-generated currencies. Smart tokens are designed with additional functionality such as delegated account recovery to address the key barriers in security and liquidity that prevent mass adoption of cryptocurrencies.
For more information about Bancor, visit the website at https://www.bancor.network
WINGS Foundation is based in Switzerland and comprised of a decentralized team of professionals aiming to bring blockchain-enabled projects to the mainstream via forecasting. WINGS uses DAO technology to enable a new type of emergent incentivized swarm intelligence for value discovery on the Ethereum. WINGS provides best in class libraries of smart contracts for blockchain based crowdfunding and for post-funding decentralized governance. To learn more please visit: https://wings.ai.
- SportyFi – Decentralized Sports Investment Start-up Endorsed by Soccer Superstar Roberto Carlos - October 16, 2017
- Acronis Joins Runa Capital and Parallels In Accelerating Innovation and Supporting Blockchain Initiatives in Malta - October 16, 2017
- Jaxx Allows First Crowdsale Participation with STORM Token - October 16, 2017
- Hyperledger Knits New Project – Hyperledger Quilt - October 16, 2017
- Legolas Exchange Partners With BanQix to Protect Institutional Investors - October 16, 2017
- MARK.SPACE Announces Launch Of Blockchain-powered VR-platform With Upcoming Token Crowdsale - October 16, 2017
- IRTI Partners With Ateon And Settlemint To Develop Blockchain-based Products For Financial Inclusion - October 16, 2017
- Golden Alliance Coin Announces ICO – For Mining Gold - October 16, 2017
- Media Aggregator Esports Gold Announces $5 Million Ethereum Token Sale - October 16, 2017
- MinexCoin: Park the Volatility! - October 16, 2017
- Ambrosus Token Generation Event (TGE) Officially Cracks the Largest Blockchain Crowdfunded Projects in History - October 15, 2017
- Freedom Streaming Announces An ICO For The First Uncensored And Anonymous Live Streaming Platform - October 14, 2017
- MicroMoney starts a $30,000,000 token distribution campaign - October 14, 2017
- Announcing the First Members of the DataBrokerDAO Alliance - October 14, 2017
- STK Global Payments Announce Global Advisory Board – Token Sale - October 14, 2017
- Zilliqa Breaks 2,400 Transactions per Second with their ‘Sharding’ Blockchain - October 13, 2017
- Dappbase Launches High-Performance Infrastructure for Decentralized App Developers - October 13, 2017
- bitJob Raises $2 Million to Launch Decentralized Platform for Student Employment - October 13, 2017
- Particl Unveils Its Confidential Cryptocurrency Transactions - October 13, 2017
- Waves To Develop “liquid Democracy” Applications - October 13, 2017
- DECENT Updates Core – New User Issued Assets and More - October 13, 2017
- Dash for Dope – Digital Payments Platform Alt Thirty Six Selects Dash As Payment Method of Choice for New Retail Sectors - October 13, 2017
- Garvan Institute And E-nome Enter Strategic Alliance To Enhance Medical Research Data Management Through Blockchain Tech - October 13, 2017
- Moody’s: New Payment Technologies Pose Threat, But Incumbents Unlikely To Be Displaced - October 13, 2017
- ZAP Token Distribution Event to Begin October 21, 2017 - October 12, 2017
- AirFox Raises $15 Million in Successful ICO, Brings New Mobile Banking Solutions to Emerging Markets - October 12, 2017
- HydroMiner Token Sale Starts October 18th – Austrian Regulators Approve - October 12, 2017
- The SBM Group and SALT Technology Enter Exploratory Partnership to Collateralize Blockchain Assets - October 12, 2017
- ExHasta: Integrating and Empowering Innovators – Announces Token Sale - October 12, 2017
- Tech Veterans Set Up Global Public Offering Fund To Turn Top U.S. Startups Into Asia-Pacific Listed Unicorns - October 11, 2017
- ZenCash Partners With Welto to Allow Bill Payment in Cryptocurrency - October 11, 2017
- Cryptopay Plans to Tie Investments to Service Performance Metrics - October 11, 2017
- Boosteroid Wants to Squeeze Google and Amazon on the Cloud Computing Market - October 11, 2017
- Fiinu Launches Pre-sale Ahead Of ICO - October 11, 2017
- Famous Russia-based startup BioCoin closes first round of presale with $2.5 mln raised - October 11, 2017
- eSports Platform EloPlay to Hold a Token Sale - October 11, 2017
- CapLinked Partners With Storj Labs, Moves Enterprise Document Management to Blockchain Technology - October 11, 2017
- Ethfinex and Cofound.it Collaborate to Bring Trust to Blockchain Economy - October 11, 2017
- Exscudo launches Bug Bounty campaign - October 11, 2017
- Blockchain Capital and TaaS Join BLOCKv, a User Interface for Blockchain Tokens - October 11, 2017
- Lufthansa Group Partners Up With Winding Tree To Bring Blockchain Technology To The Travel Industry - October 10, 2017
- Peer Mountain Launches Distributed System of Trust to Give Data Control Back to Consumers - October 10, 2017
- Revolutionary Ico Aimed At Tackling Waste Surplus And Energy Shortfall Announced - October 10, 2017
- Streamr, the Decentralized Real-Time Data Economy, Joins the Trusted IoT Alliance - October 10, 2017
- Exscudo and Crypto.Tickets exclusive partnership opens a new market for cryptocurrency - October 10, 2017
- Guardian Circle Turns to Blockchain for Global Decentralized 9-1-1 Emergency Response - October 10, 2017
- NEM Foundation Partners with Metaps Plus, Expanding Korean Presence - October 10, 2017
- StormX Lowers Community Appreciation Sale Cap Due to Overwhelming Demand - October 10, 2017
- Token Report to Provide Membership Access to World’s Largest Database on ICOs - October 10, 2017
- BLOCKv Adds Visionary Futurist Peter Diamandis and Serial Entrepreneur and Investor Gil Penchina to its Advisory Board - October 10, 2017