WINGS is an essential blockchain platform that plants and fosters a community committed to establishing, supporting, and enabling new project proposals. These proposals are transverse via a fluid organizational standard named a Decentralized Autonomous Organization (DAO). DAOs enforce independent and self-determining organizational governance, management, and procedures utilizing immutable smart contracts and blockchains. Smart contracts work similarly to normal contracts; however, instead of being framed on paper, these contracts operate in the form of protocols on the blockchain.
According to the whitepaper, WINGS incorporates several visions, right from attention awards, forecasting markets, governance models, smart contracts, and united funds security. The platform boosts the WINGS community to recognize and facilitate high-value proposals with more positive financial returns. The token forms a decentralized forecasting system that provides tangible incentives for the token holders to maximize the rewards.
The token aims to solve the issue of a project's accountability and early backing by offering tools to work better on providing funds. Wings give more importance to efficient collaboration and ease of usage to carefully view available choices. The effort determines if the judgment can result in a reward, thus instantly rewarding the users who bring maximum benefit for the platform's efficiency.
Wings use novel technologies like swarm intelligence, DAO contracts accessibility, smart contracts generators, machine-based predictive modeling, and deep learning. To make the platform highly accessible, the basic interaction medium is chatbots integration available within famous messengers. Some popular messengers include telegram, Facebook, Slack, and more. The aim is to allow individuals to present new proposals, receive notifications about the same, make forecasts on a proposal's success, and partake in markets to obtain key decisions.
The emergence and understanding of swarm intelligence create new possibilities for new tools and methods of reaching decision consensus and predicting events. By rewarding users for submitting new proposals and forecasting a DAO project's ability to raise funds, the platform makes way for an incentive-based system that encourages participation. Users who participate in forecasts available on the platform get a public rating signifying the ability to make correct forecasts.