CrowdWiz project start
Our mission is to completely democratize the investing process by eliminating intermediaries and placing the power and control where it belongs - entirely into the hands of investors.
The ‘wisdom of the crowd’ is a concept which demonstrates that large groups of people (‘the crowd’) are smarter than any given single individual. The rationale behind the idea is that any individual is subject to biases, crowds make better decisions by reflecting the maximum diversity of opinions.
CrowdWiz is an ecosystem that cuts the middlemen. Thus, we are giving back the individual control in the hands of investors. The process will be transparent and without hefty fees. The release of WizFund and WizExchange will be the first step towards our goal. It will be followed by WizLending, WizInsurance, WizProperty and more.
We’re discussing the feasibility of such feature within the business product development that is to be conducted in future. As of now and during the first phase - we’ll start with crypto assets only.
As it was publicly announced within the product development phases, this is fully dependent on the raised amount. As we’ve raised less than 10M USD so far - IFO is out of scope- but we will reconsider this option given the remaining funds and once the components are ready.
If this one relates to IFO, then please revert back to the previous IFO sections. If the IFO is to be developed and released, WIZ tokens holders are to be able to list their coin free of charge.
Our platform is fully web responsive. As for the mobile app, this one is a work in progress and is to be developed and introduced later on.
All of the aforementioned.
Yes, we’ll create internal token, not ERC20 based.
We cannot prevent abnormal prices. If IFO is to be private, we will create a new set of rules to lockup tokens and additional rules for selling rights.
KYC, 2FA, Hot & Cold wallets, All Datacenter security measurements, DDOS prevention.
WIZ Voting based on being verified of been owner on Ethereum.
We have already aligned 24/7 support amongst our partners, so we will continue to use same leveraged model going forward.
As mentioned, all DDOS protection and datacenter best security practices are in place. Cloudflare is also being enforced.
In CrowdWiz there is no role for liquidity providers except WizExchange where will have market makers and liquidity providers for the exchange operation.
Yes, this is on the radar likewise.
WIZ is to be used for voting and listing of the tokens on the exchange.
According to the coin fork rules as we are NOT defining and managing those rules.
Yes. The usual practices for all product releases implies that there will be the following tests done on each public iteration: Deployment, Performance, Penetration and other related activities.
The WizFund platform will allow investors to create their own fund via an easy to use setup wizard. There are various parameters that can be set: fund type, portfolio type, voting mechanism, fund size, etc. Once the parameters are set, a fully automated IFO (Initial Fund Offering) will be initiated and a dedicated crowd token will be issued. This token will be automatically listed at no additional cost on the WizExchange.
The platform also allows all registered users to invest directly in IFOss using major cryptocurrencies as well as major fiat currencies that are converted to WIZ Tokens. Additional tools allow to view transaction history, check the performance of the funds one has either founded or invested in, view analytics and history for all IFOs and much more. This will enable groups of any size - starting from families, business, partners and neighborhoods to cities, countries and continents - to act against the market as one in an easy, fair and entertaining way.
Investors both big and small are granted the necessary tools to create their own crypto-assets funds or to invest in already existing ones through our platform. All the investment decisions are subject to a crowd voting process conducted via smart contracts on the Ethereum blockchain. Thus we ensure that the whole process is transparent and fair. By utilizing the wisdom of the crowd, we will enable entire communities to act as one against the market.
A WizFund invests in crypto assets only and does not have a central power of authority. There is no fund manager to make decision on behalf of investors. This is where you can feel the power of the wisdom of the crowd. All participants are given the chance to vote and to decide the future of the next investment.
WizExchange is a crowd-managed, self-directing exchange platform. WIZ Token owners can determine which tokens are listed or removed for exchanging. The process will be open and fair. If someone suspects malicious activity they can react by deleting the assets.
The WIZ Token is the heart of the CrowdWiz Ecosystem. Its grants access and voting rights to all CrowdWiz investment products. WIZ Tokens also allow you to create and join new public and private WizFunds, perform and participate in IFOs and trade Crowd Tokens on our proprietary secondary market. Every newly created WizFund or investment product that rolls out will increase the value of the WIZ Token.
The number of the WIZ tokens issued is fixed and is entirely generated during the token sale. All unsold Tokens will be burned.
When the token sale ends, we will list the WIZ Token with little or no delay.
We are aiming to list it on all major exchanges. A precise list will be provided when the time comes.
For $1 you will get 1 WIZ Token.
The WIZ Token is fully integrated in the CrowdWiz Ecosystem and the participation in all components of the ecosystem will be done exclusively with WIZ Tokens. Therefore the demand for the token will grow in proportion to the number of active users.
The more IFOs are launched, the more the value of the WIZ Token will increase. The principle is the same as in how Initial Coin Offerings (ICOs) are increasing the value of the ETH.
A voting engine that is fully transparent, running on the blockchain. WizVote features options for voting rules and also mechanisms to prevent malicious voting from multiple addresses. The voting system will allow you to choose in which assets should WizFunds invest in, which assets will be listed or delisted from WizExchange and the other CrowdWiz investment products.
Every participant in the first CrowdWiz has equal voting power, however, the size of the return is proportionate to their contribution. If you were to create your own fund however you can configure the weight of votes as follows: equal voting, weighted average voting, and valid votes as a percentage from the total.
A highly-technological trading mechanism that enhances performance and offers liquidity solutions through integration with all major reputable exchanges. The fully automated trade execution ensures the lowest possible market prices, all at unrivalled processing speed. Whenever volumes increase substantially, larger trades are divided into smaller ones and executed by multiple public addresses. Throughout the process all trading history, statistics, various analysis and profitability are displayed on an elegant, user-friendly dashboard.
WizStore is an app store , where application developers can publish various tools and add-ons, such as: new voting and trading mechanisms, analysis tools, signals, etc. This way they can contribute to the expansion of the CrowdWiz Ecosystem. The publisher sets the pricing model for their third party apps.
Once the sale ends, the funds will be allocated as follows:
12% Marketing and business development
12% Community development
55% Ecosystem development
15% Founding Team
10% Platform Development
65% Token Sale
Yes, the minimum funding goal is set to $5M. This amount will allow us to develop the main modules, required to launch the platform.
The hard cap set for the token sale is $10M.
The accepted currencies for payments are Ethereum (ETH), Bitcoin (BTC), Litecoin (LTC) and USD (With Credit Card and Wire Transfer).
You are not allowed to purchase WIZ Tokens if you are a resident or purchasing from a location in the United States of America or the People's Republic of China. You are not allowed to purchase WIZ Tokens if you are an entity (including but not limited to any corporation or partnership) incorporated, established or registered in or under the laws of the United States of America and the People's Republic of China, or if you are purchasing WIZ Tokens on behalf of any such entity.
The minimum investment is 0.1 ETH, 0.5 LTC or 0.01 BTC. For Credit Card the minimum investment is 50 USD and for Wire transfer 5900 USD.
WizFund Beta will be launched in Q1 2018. The official launch of the WizFund Platform will follow in Q2 2018.