Quote from: SmokeJoe on April 15, 2019, 06:19:22 PM

Regarding Wings not making profit: it actually does make profit, but with different model. Exchanges take percentage from transactions, Wings had two income sources: the ICO (people paying in advance for a service being built) and significant amount of Wings was given to the Foundation, so they are getting significant amount of each successfully forecasted reward (so this is a lot of money!). And regarding the examples of projects you gave, thats exactly my point, some reimbursed people, others did not. Ignoring this issue something that only biggest players can afford to do and Wings is not in a position to do something that will further damage its reputation. As I said before, Wings will do whatever they want, and the market will verify if it was smart and fair decision.

well, in my opinion ICO is not a profit, it is a means to fund development, marketing and operations, which they (wings) seem to continuously be doing for more than 3 years (i think project was started in April 2016 or so) ? Lets remember they raised afair 1.7 or 1.8 million, not 15 and certainly not 100.

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significant amount of wings was given to the Foundation

I actually checked this now and according to the terms, only 6% was given to the foundation (and another 14m to core members personally vested over 36 months, but thats personal tokens). So thats 6M wings belonging to the foundation from which i assume they needed to incentivise employees, pay bills and who knowns what else, like any other company that has an asset.
Even if they did forecast using the tokens (which i'm not sure they did as i couldn't find anything about it in the quick search i did), what makes you think they actually made a profit ? (forecasted correctly or sold the tokens that were received as a reward). if they did forecast, it would actually be logical if they didn't sell the reward tokens as that would be a warning sign for potential projects ("hey look the foundation dumps our tokens so we won't give a reward").
and lets say that you are right and they did forecast and they did make a reward which they did sell. how big do you think that reward was considering the fact that they were 1 forecast out of hundreds and considering that they probably had a significant number of employees ?

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And regarding the examples of projects you gave, thats exactly my point, some reimbursed people, others did not

that's actually incorrect. none of the examples i gave reimbursed people, because they all don't charge people for using their software (despite potentially making a profit from user data or what not)