WINGS, a decentralized platform to create, crowdfund, join, and manage projects using blockchain and smart contracts, has announced having reached just over $1.7 Million in donations (1700+ BTC).
WINGS combines decentralized decision-making with forecast markets for valuing projects, for filtering out low-quality projects, and for project milestone risk assessment. The platform is accessible via smartphone or IM systems such as Telegram. Projects launched using WINGS function as a decentralized autonomous organization. DAO projects are first vetted and valued by a global community before moving to the crowdfunding stage; project funds are kept in individual smart contract enforced escrows while project backers have the ability to get involved in project governance.