ZUG, SWITZERLAND, May 03, 2018 (GLOBE NEWSWIRE) — Decentralized ICO token sales forecasting application WINGS (https://wings.ai) today announced its community reward of 500,000 INS valued at over $1,000,000 for evaluating and promoting the INS Ecosystem (https://ins.world) token sale raising a total of $41.5 million. WINGS brings blockchain-powered projects to the mainstream by providing forecasting, governance, and prediction markets. Its decentralized crowdfunding application incentivizes the cryptocurrency community in WINGS to accurately predict token sale outcomes.
INS is developing a decentralized marketplace connecting consumer goods manufacturers with consumers. INS direct-to-consumer solution enables brands to market and sell their goods to consumers, bypassing retailers and wholesalers. Consumer Packaged Goods (CPG) brands will run bespoke personalized loyalty programs and promotions powered by the INS token as the means of reward. The marketplace would enable consumers to have unimpeded access to any brand, at lower prices and with convenience.
The marketplace runs on the INS high-performance blockchain, which is specifically tailored to the needs of the CPG and retail industry. INS enterprise-grade blockchain platform is striving to become the gold standard in the retail space, enabling manufacturers, retailers and other players along the value chain to adopt decentralized applications.
“We are very grateful to WINGS and it’s community members for their competent forecast. With an average of 42,489 ETH (more than double the soft cap) they clearly saw our potential, which gave a boost to our confidence as a team and sent a strong message to the crypto-world as a whole. I’m sure that has been instrumental in reaching our hard cap of 60,000 ETH,” said Dmitry Zhulin, INS Ecosystem Co-Founder.
The WINGS community gave a median forecast of INS Ecosystem token sale at 40,000 ETH. INS surpassed the forecast by 50% raising 60,000 Ether in total. At the conclusion of the sale, forecasters were rewarded with 1% percent of all INS tokens. WINGS token holders can now collect their algorithmically determined forecasting reward with a smart contract that distributes their tokens and updates their public WINGS Forecast Rating via the WINGS Dapp at:https://alpha.wings.ai/#!/home/project/0x7a26C5E0C11Dd09C2C4f507D2A3f04F29E242d9B/forecast
“We are pleased to have had another quality project be reviewed on the WINGS DApp,” said WINGS Co-founder Sebastian Stupurac and Advisor to INS. “We are very impressed with the team behind the project and firmly believe that INS has the required potential to significantly disrupt an industry in much need of disruption.”
ICOs using the WINGS price discovery DApp have raised over $650 million in the past 10 months alone. ICOs benefiting from WINGS’ technology include Bancor, BlackMoon Crypto, WePower, PolySwarm, Fan Controlled Football League, CoinDash, AuroraDAO, and AdEx. 50 ICOs have currently used WINGS for ICO price discovery. To help jumpstart liquidity, all ICOs successfully participating in the WINGS crowd evaluation process are fast tracked to listed on IDEX (https://idex.market/eth/ins), the first decentralized exchange with real-time trading, automatic trade matching, free order cancels, and a market making rewards program, immediately after launch.
ABOUT WINGS FOUNDATION
WINGS Foundation is based in Switzerland and comprised of a decentralized team of professionals aiming to bring blockchain-enabled projects to the mainstream via crowd-sourced valuation and curation. WINGS uses smart contract technology to enable a new type of emergent incentivized swarm intelligence for value discovery on the Ethereum network. WINGS provides best-in-class, audited libraries of smart contracts for blockchain-based crowdfunding and for post-funding decentralized governance. To learn more, please visit wingsfoundation.ch
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ABOUT INS ECOSYSTEM
INS Ecosystem is a scalable decentralized platform, powered by blockchain and smart contracts, that enables direct interactions between consumers and consumer goods manufacturers. Aiming to disrupt the $8.5 trillion global grocery market, INS Ecosystem provides consumers with meaningful personalized offers leading to lower prices. INS Ecosystem raised $41.5 million in December 2017. To learn more, please visit https://ins.world/
Note: WINGS Foundation did not issue this press release through our service. We are simply sharing it on our website since it was distributed by a top-tier newswire service and relates to crypto.