Wings Analysis ($WINGS)
The following is not financial advice.
Welcome to back The Scoop!
This is the next post at a place where we share analysis and opinions for interesting coins, tokens and pure gems in the vast landscape of the blockchain world. There's so many coins out there, but not a lot of free information (looking at you, paid groups) and analysis on them. The Scoop aims to change that by sharing and improving the data available for a given coin.
So let's begin!
What is Wings?
It's an platform running on Ethereum for the creation and funding of DAOs, while using AI for prediction markets and price discovery of ICOs.
That's a mouthful, right?
The idea of incentizing folks to forecast things is so much better than traditional gambling: you have 'nothing to lose', yet gain from participating and being accurate with predictions.
Wings is complex beast. They are open for business, though, if you'd like to try it out:
https://www.wings.ai/#!/home/discover
Where's the wallet?
WINGS is an eth token, so you can hold them in an eth wallet. Or use them on the platform, which is being highly encouraged (and incentivized with tokens) these days.
Here's the whitepaper and roadmap:
https://wingsfoundation.ch/docs/WINGS_Whitepaper_V1.1.2_en.pdf
https://blog.wings.ai/wings-roadmap-update-a2638904fe3c
How many of them are they?
CMC says ~89m circulating with a total supply of 100m.
Who's the team?
They have a super development team and array of advisors to help them be successful.
Check out their Bitcointalk post for more info:
https://bitcointalk.org/index.php?topic=1477055.0
How is WINGS different?
There's a few prediction market type tokens out there today, but Wings seems to really have a handle on things and has been executing quite consistently. The type of projects they're working on have value and will almost certainly be around long term (if you believe that technology in general will continue to progress quickly, that is).
Check their blog which is updated often:
Pros
- solid team
- marketed well
- nice price entry
- innovation
- listed on top exchanges
Cons
- market competition
- difficult tech to get 'right'
Where is it traded?
WINGS has significant volume across many big exchanges.
https://coinmarketcap.com/currencies/wings/#markets
The Final
Based on the FA, WINGS looks like a low to medium risk with high reward potential if they continue to deliver and catch on. Picking it up under 9000 sats would be bargain or under a five dollars would be an upper entry while still expecting solid gains.
And that's your scoop!
Additional resources on Wings
https://medium.com/@VerthagOG/wings-investment-review-f56b0182d4d3