As you already know CrowdWiz is the first of its kind, self-governed investment ecosystem, which aims to reshape today’s financial industry by combining the latest Blockchain technologies and the concept of the wisdom of the crowd!
CrowdWiz is now developing a suite of investment products all based on that concept. The first products that are going to be launched will be the WizFund and the CrowdWiz Exchange. The best part of it is that both entrepreneurs and investors will have the self-governance of a democratic investment and capital raising in our ecosystem. With the ability to vote and retain flexibility by joining various investment crowds we are aiming to lower the risk investment sphere due to wisdom of the crowd traits that we are so fond of. And last but not least we are starting to offer multiple uses for the WIZ token as we speak across various services and apps.
The WIZ token is now tradable on HitBTC exchange — one of the world’s largest crypto-exchange, as well as on IDEX and ForkDelta. So if you’d like to join the Beta but have no tokens yet, this is where you could get them.
In the last few months our focus was solely on the development of the different modules of the platform and we’ve made significant progress. In the beginning of June we’ll be ready to open the whitelist/registration for the closed Beta while the Beta itself will be launched in July. During the testing we’ll be making improvements and gather feedback from the community.
Here you will find some screens from the Closed Beta:
In the Closed Beta there will be two separate investment funds where all users can actively participate in the management decisions. The only difference in the two funds will be how much voting power each user has. In one of the funds, the amount of token a user holds is irrelevant to their voting power, e.g. everyone is equal. In the second one, the amount of tokens will determine the voting power a user has within a fund.
Throughout the time users participating and exploring the investment process in the two separate funds we will be collecting feedback about the usability, potential improvements, the flow, etc. In a later update we will announce how we plan to incentivise users with more substantial contribution to the testing and improvement process. Meanwhile, if you have any suggestions or preferences, please do share with us.
Apart from that, we have already completed the technical integration with 20 exchanges and 2 liquidity providers. Regardless of that fact, throughout the Closed Beta no real money will be spent and transferred. The entire investment process will be based on demo-trades using just the pricing feed from the exchanges.
Another really important thing is that we have started the application process for cryptocurrency exchange license in Estonia, Europe where our company is incorporated.
Last but not least, CrowdWiz’s co-founder and BizDev Slavena Slavcheva is unfortunately leaving the company for personal reasons although she remains a huge supporter of the project and will continue to follow it closely. This will not affect the future development of the project. Things have already been set in motion! As you know the team is solid and CrowdWiz is looking for her replacement as soon as possible! Rest assured that this action will not affect the price of the token, as Slavena has announced that she’s giving back all founder tokens that she has received.
So, stay tuned! There is a lot more to come from CrowdWiz!
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