In late 2017, WINGS evaluated Blackmoon Crypto, a project working to bridge traditional and crypto investing markets. Blackmoon Crypto, and projects like it, are helping the potentials of crypto reach mainstream adoption. It is not just a platform where people can invest in cryptocurrency and stock portfolios designed by experts, but is also fully legally compliant.

Nearly 27% of all WINGS tokens in circulation participated in forecasting Blackmoon’s ICO. The wisdom of the crowd selected a $30M hard cap. This hard cap limit was reached within a single day (9/12 to 9/13) during Blackmoon’s ICO. 517 addresses participated in the evaluation, locking in over 23.6 million WINGS tokens. 425 of these evaluators received ether and BMC for their forecast, with the average winning being just over 1.7 ether and 706 BMC tokens.

Blackmoon’s dev team has been quite busy with their token smart contracts, which are now executed, disbursing tokens to those who bought into the ICO. They are currently working on the next batch of smart contracts to launch their first investment fund. One of the main challenges they have had is building ‘Know-Your-Customer’ practices into the smart contracts.

The UX/UI has been going through rapid iterations and should be ready for the public usage in January. Special attention has been paid here, since Blackmoon’s target audience is not necessarily the most tech-savvy.

Blackmoon held a public vote on what sort of fund to deliver as their proof-of-concept. The results are still being evaluated, but they hope to implement the chosen type of fund as their initial fund in Q1 of 2018.

The team is also hard at work on getting the token listed on larger exchanges. BMC is already available on EtherDelta, Liqui, HitBTC and Tidex. It should be available for trade on more exchanges like QRYPTOS mid-December.

Soon after the ICO’s close, the project entered into an agreement with Allen & Overy LLP to “build a solid legal platform which will serve as a backbone for all future funds which will operate on the Blackmoon Crypto Platform”. A&O is based in the UK and is considered one of the world’s most elite law firms. Considering the new territory that Blackmoon is entering, the expense will likely be well worth the cost. They intend to be incorporated in a crypto-friendly jurisdiction by the end of Q1 2018.

After legal support was secured, Blackmoon’s executive team worked on follow up meetings with traditional portfolio management and brokerage firms. Memos of Understanding are expected to be released soon detailing the partnerships.

To collect your BMC forecasting reward or to review the forecasting results head over to the BlackMoon Crypto forecasting page on the WINGS dapp.