WINGS Foundation approved by Swiss Authority ahead of Donation Crowdfunding to start on November 18th

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WINGS Foundation registered, audited and approved by the Commercial Register of the Canton of Zug with mandate to create a decentralized platform for creating, funding and managing projects using blockchain

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“After spending over nine months on ensuring WINGS is formed correct we are looking forward to the donation-based crowdfunding on November 18th, and having the WINGS platform go live on Bitcoin via the RSK Drivechain/Sidechain in early 2017.” Boris Povod

WINGS Foundation (https://wings.ai), a decentralized platform to create, join and manage decentralized autonomous organizations (DAO), has received official notification of approval from the Commercial Register of the Canton of Zug to commence activities with a mandate to promote developments, support and maintenance of new technologies and applications, especially in the fields of new open and decentralized software architectures. A dominating but not exclusive focus of the WINGS Foundation is the promotion of the development of the WINGS and the related technology as well as the promotion and support of applications using WINGS.

Additionally, WINGS is announcing an ongoing engagement with MME Legal | Tax | Compliance (http://www.mme.ch) an innovative consulting firm based in Zurich in order to navigate complex legal, tax and compliance issues related to the foundation’s mandate.

“We are pleased to have engaged MME as the premier legal, tax and compliance firm in the blockchain space having worked with Ethereum Foundation to guide WINGS through the necessary legal and compliance work required by the Canton of Zug for approval of WINGS Foundation,” said Boris Povod, President of the WINGS Foundation Council, “After spending over nine months on ensuring WINGS is formed correct we are looking forward to the donation-based crowdfunding on November 18th, and having the WINGS platform go live on Bitcoin via the RSK Drivechain/Sidechain in early 2017.”

"We are pleased to add WINGS Foundation which is focused on development and promotion of new technologies and applications in the fields of new open and decentralized software architectures to the Crypto Valley in Zug" said Thomas Linder, Partner at MME.

DAOs are a new organizational form that allow for immutable contracts between globally distributed participants, bringing productivity to another level, and efficiency to projects that can span across borders. Large, globally distributed groups can function without any form of central leadership enabled by a fluid organizational model that is implemented with self-determining and independent organizational governance, management and operations via immutable blockchains and smart contracts execution.

WINGS combines the DAO concept with decision-making using incentive-driven, decentralized forecast markets, while making all of this easily accessible to anyone with a smart phone. With WINGS, project backers know that DAO technology and forecast markets give projects an added success factor and project stakeholders a voice. To date WINGS has developed a pipeline of potential DAO projects including concepts such as: a decentralized advertising network, a Bitcoin ATM franchise DAO, contractor DAO, decentralized insurance, decentralized cybersecurity DAO, solar energy DAO, and electro batteries DAO.

WINGS is currently in pre-alpha stage and with this approval can now move forward to commence the long awaited donation-based crowdfunding campaign on November 18, 2016 to enable the next generation of DAOs and bring blockchain technologies to early adopters and mass adoption. The WINGS backing campaign will allow the Foundation to realize a fully-functional platform, and formation of a decentralized ecosystem to drive the use of DAO technology for use in project evaluation, forecasting, funding and governance. The campaign is the first accept five cryptocurrencies including Bitcoin (BTC), Etherum (ETH), Ethereum Classic (ETC), Litecoin (LTC), and Ripple (XRP).

To be notified when the WINGS backing campaign opens subscribe at https://wings.ai

For more information about the registration, audit and approval from the Commercial Register of the Canton of Zug: https://goo.gl/xtfS7f

About WINGS Foundation

WINGS Foundation is a decentralized team of blockchain professionals aiming to bring the decentralized autonomous organizations to the mainstream. WINGS makes DAO technology accessible to entrepreneurs and companies who are looking to leverage the global reach of bitcoin and other blockchains for project funding, the power of swarm intelligence powered forecast markets for higher quality decision-making, the versatility of smart contracts for a global decentralized agreement framework, and the ease of use of the instant messengers for audience reach. For more information, visit the WINGS website at https://wings.ai.

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Dominik Zynis
@wingsplatform
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