Preface

On behalf of all of the Wings team I am happy to welcome you to our official blog!

Thanks to blockchain technology and its rapid evolution we now bare witness to the emergence of a new way for people to collaborate namely through software-based decentralized autonomous organizations (DAOs).

Put on the path of capturing the popular imagination by The DAO (which raised over 132M$), this new type of organization has the incredible potential to change how businesses, non-profits and other organization are coordinated. DAOs enable people world-wide to fund projects and ideas they find interesting, and then influence and shape how these projects.

While there is a lot of excitement about DAOs, we see a lot of early hesitation due to lack of expertise with the cutting edge blockchain, smart contracts and crypto-token technologies required for operations of DAOs. Furthermore some have expressed hesitation due to unique legal and regulatory mechanisms involved in the establishment of DAOs. We believe that by abstracting these technical complexities and providing ample connections to legal and regulatory tools, we will be able to give the necessary push for DAOs to enter into the mainstream.

So what is Wings?

The last week following our official announcement to the world was a hectic one, to say the least. We have been contacted by crypto-community members, the media, investors and several promising start-up companies, all of whom were very interested to find out what Wings is all about.

The very short answer — Wings is a decentralized platform for launching, managing and participating in DAOs.

In a nutshell Wings enables the community to:

Invite promising start-ups and project leaders to submit project proposals

Vote on listing of these projects on the Wings network

Promote the accepted projects in exchange for bounties

Purchase the tokens of these listed projects

Vote on key milestones and decisions in the project’s lifecycle

How we plan to do this?

We strongly believe that the way to make DAOs accessible to a wider audience is to make them as easy to use as possible. Hence, our focus will be on the following:

Abstracting the complexity of smart contracts coding knowledge required for DAO creation and management from project leaders, enabling them to focus on their core business

Providing access to legal and regulatory resources in order to ensure DAO compliance with laws

Increasing participation via the most widely used means of communication today, the instant messaging networks and chat bots

Providing intelligent tools for DAO members to use to vote and delegate decisions, thus shortening the time for decisions acceptance and letting some members specialize in and develop decision-making reputation

Introduce automated assistants that will make participation and management of DAOs as effort free as possible

What comes next?

In the following days, we are going to outline our plans for the upcoming bounty program to increase awareness of Wings, discuss the technology behind Wings and announce the planned Wings DAO start.

Please subscribe to our newsletter at the Wings site in order to stay up to date regarding these and other topics.

Participate in the WINGS backing campaign

A kind reminder that the WINGS campaign is now live and reaching nearly 1500 BTC of support in the first 10 days. Join the community of over 1000+ who will be new WINGS DAO members in 2017! Https://fly.wings.ai