CrowdWiz successfully raises over $5 million in its pre sale to bring democracy to investing by cutting out the middleman

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CrowdWiz, a fully decentralized crowd wisdom powered investment platform, has successfully raised $5,389,945 in its public pre sale for the WIZ token. CrowdWiz has also released a demo of an alpha, that shows how the platform will operate. The public presale for the WIZ token will be followed by an ICO on November 20.

“We are thrilled to announce that CrowdWiz has already raised over $5 million in its presale,” said Slavena Savcheva, Co-Founder and and Head of Business Development & Marketing for CrowdWiz. “The proceeds raised in the presale will go towards the development of the WizFund Platform, the first of many steps in democratizing the investment process.”

CrowdWiz democratizes the investment industry, giving the power back to the people, and reducing the power of financial institutions like banks, funds, and exchanges. These institutions work as a monopoly, burdening users with high fees under a protective umbrella provided by the regulatory system. CrowdWiz plans to change all this by adding democratic features to the investment process.

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CrowdWiz is powered by Krypton Software, a division of leading fintech software company, TRADOLOGIC. The fintech software giant recently launched this cryptocurrency division, with a team of over 60 dedicated personnel and an existing backbone that transacted over 3 million items/actions.

CrowdWiz is an entire ecosystem that shifts the power away from intermediaries, who may have conflicting or undisclosed personal interests, and puts it back where it should be – with the investors themselves. The platform uses the wisdom of the crowd to make investment decisions, as under the right circumstances large enough groups tend to make remarkably good decisions and are often smarter than the smartest people in them. Thus, the wisdom of the crowd produces the best and most promising company to invest in.

The platform solves the problems associated with traditional investment funds, which often include high entrance costs, large fees, and little to no transparency. The ethereum based platform offers its users:

  • Little to no fees
  • Complete transparency
  • Self governance on a democratic investment platform
  • The ability to vote and join smarter investments
  • A safe place to invest, as the crowd can protect itself from fraud
  • The ability to profit from financial services
  • Multiple uses for the WIZ token – investment, trading, insurance, lending, etc.

Trade on the platform will be processed via the WIZ token, which will enable token holders to fund, invest, vote, propose, open their own investment funds, decide the nature of the tradable goods within the ecosystem, and more. For simplicity of use, the platform offers several easy to use tools and apps with a robust set of functions: WizFund Platform, WizVote, WizExchange, WizTrader, WizInvestment, and WizStore

CrowdWiz’s public pre sale lasted for 72 hours, giving participants to the pre-sale the option to get an exclusive 20% bonus of the token. The demo alpha shows how WIZ holders will be able to create IFOs, invest in funds, participate in investment crowds, and more using the token. Additionally, CrowdWiz has partnership with TaaS Fund, a fund that specializes in ICO investments, as well as the first ever tokenized closed-end fund dedicated to blockchain assets.

About Richard Kastelein

In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, ' The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, the Netherlands where he has set down his anchor to raise a family and write.

Founder and publisher of industry publication Blockchain News (EST 2015) and director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He has written over 2500 articles on Blockchain technology and startups at Blockchain News and has also published in Harvard Business Review, Venturebeat, Wired, The Guardian and a number of other publications.

Kastelein has an Honorary Ph.D. and is Chair Professor of Blockchain at China's first blockchain University in Nanchang at the Jiangxi Ahead Institute software and Technology. He has over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the EuropeanCommission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division. Kastelein has spoken (keynotes & panels) on Blockchain technology at over 50 events in 30+ cities.

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