CrowdWiz, a decentralized investment platform that uses crowd wisdom, has announced the start of an ICO for its WIZ token. The company has previously raised over $5 million in its public pre-sale, as well as released a demo of an alpha that shows how the platform will operate. Currently live, the ICO has a hard cap of $20 million. During the ICO, credit card payments will be enabled in an attempt to open up the world of cryptocurrencies, blockchain and ICOs to the masses.
In an effort to democratise the investment industry, CrowdWiz aims to reduce the power of financial institutions such as banks, funds and exchanges. Without these institutions, users could avoid high fees but still enjoy the protection provided by the regulatory system with the solution that CrowdWiz plans to provide.