Quote from: ri80va on July 05, 2017, 04:02:25 PM

Quote from: prophetx on July 05, 2017, 03:14:16 PM

Quote from: tazmantasik on July 05, 2017, 02:25:00 PM

I am sad to the price wings now Cry

I'm going to play devil's advocate here and say that this pull back is actually good because it will force out people who are just interested in short term profits and allow new people to buy in who understand that WINGS tokens are something they can use to earn tokens on ICOs that engage with the DAO and get the help of the DAO members to promote their ICO (assuming it is a legit team/idea of course).

Right now people see only the price on coinmarketcap but this tells nothing about all of the rewards:

Bancor = $250,000 in BNT + ETH
Adex = $600,000 in Adex coin (at current price on CMC)
Coindash = 2.5% of all tokens sold (1.25% of tota) - I think CoinDash can be worth $50M+ easy if promoted correctly as they have already a Beta product... so that's another $625,000

So just the first ICOs already can bring in $1.5 million with only 1 month of operating in pre-beta

Only 22% of WINGS right now are forecasting; at current valuation this is only about $8 million worth... getting $1.5 million in rewards for only the first 1 month of forecasting. That's a 240% annualized return if that keeps up for the group of DAO members who take the time to participate- of course each member's return depends on how good they are in forecasting and helping the ICO achieve the forecast but if you fall within the average over the next 10 or 20 ICOs it should work pretty well.

The key here is that the DAO members forecasts are coming in line with reality, which eventually means that there has to be a bit of social promotion going on to hit targets - that will be the real test can the DAO swarm forecast and execute successfully on that forecast to realize it.

It's really a big experiment to see if 100s and perhaps one day 1000s of people from around the globe can sort of self organize with just a rather simple reward system to weed out bad projects and help the right projects get funded.

waw! this looks very good!! im holding my wing and forecasting every ico that comes

I for one am very pleased with all the hard work this team has done, and amazed by the icos that have used wings so far even while we are still in pre-beta, to me that says ALOT

Although, I like everyone else wishes we could have received our bounties from the forecasts we have done so far, I much prefer safety first by ensuring all audits are complete before the funds are released.

I saw on slack that one audit is now complete, which means there are two, possibly three more audits before the devs release the contract on main net.

I feel confident that the rewards will be paid out and appluad the devs for not rushing this even though there have been quite a few disgruntled people asking them to... If the contract is released before all audits are complete we could have a major disaster, so I am find waiting until the time comes that all audits are complete