Considering the inconsistencies demonstrated by the DAO from Ethereum, Wings comes with an entirely new and different scope. This latest platform is a
Considering the inconsistencies demonstrated by the DAO from Ethereum, Wings comes with an entirely new and different scope. This latest platform is aiming to achieve different and better results by sending the crowd-funding and DAO platform for test driving, in order to launch new projects.
After completing the backing campaign, Wings came up with the alpha version of its platform. This alpha version will give all of us a basic idea about how their systems are likely to work. It also provides a better way for receiving feedback.
This also exhibits its biggest difference in the market. Certain demonstrations of this are helping projects to be more independent, in the form of smart contracts, tokens, backing campaign and a specific structure for the governance. Unlike DAO which was basically a decentralized level of capital fund, Wings alpha comes with an entirely different set of audience.
The crowd-funding process
According to Stas Oskin, the Core developer of Wings, all the metadata of this project will be completely decentralized and it will be stored in the blockchain smart contracts of the Ethereum Devnet. The project files like images, snippets and documents are also going to be de-centralized and stored in the IPFS.
Wings alpha is the first implementation of the Wings Dao unit which is publicly accessible. It has been devised from the popular EthCore Parity Ethereum client in an attempt to increase the level of performance by utilizing the recently released Proof of Authority Consensus. POA will aid in the process of simulation of the true experience on the upcoming RSK network. This in turn, will have 6 times faster transactions when compared to Etherum. As a result, it will ensure a smooth, quick and immediate response for the users of Wings DAO platform.
Oskin have mentioned that the alpha comes with a feature for the immediate distribution of tokens. This will be powered by a smart contract for enabling the simulation of the crowd funding project. According to him, every pseudo BTC token that is sent to the smart contract will immediately issue and distribute that specific project’s token back. In this process, the token will be stored under the user’s wallet.
He further added that there will be no exact limits for the alpha availability. It will serve as a process of work in progress until the public beta is launched properly. The first functioning implementation of the Forecast markets of wing will be released in order to help people experience the feel of getting their projects submitted for funding and community evaluation.
SuperDAO and the Status
Another popular project based on Ethereum is SuperDao. This is more of a reputation based governance unit that can be used for incentivized collaborative management from the DaPP ventures on a global level. It also comes with a status that will combine a messaging and browsing platform to develop an entirely new gateway for smartphone users. While status allows the users to get complete ace to the DApps, for the developers, it will help in reaching newer users.