What is CrowdWiz and why you should join the first crowd?
Our first WIZ Token pre-sale starts on 10th of October. But first, what is this and why you should be there?
At CrowdWiz we believe strongly in the crowd wisdom. The collective wisdom shapes businesses, economies for years, as mentioned in James Surowiecki’s book “The Wisdom Of The Crowd”. The aggregation of information by many is very often leading to better decision-making than by the biased individual. This analytic method has been leveraged by mega companies, such as Google, as part of their business strategies to predict the outcome of new developments.
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Besides the risk management aspect, in which investments based on Wisdom of the crowd are less exposed to risk due to the crowd’s wisdom canceling individual biases. Wisdom of the crowd ecosystems are an access point to a curated Deal flow, which in this case doesn’t only increase the quantity of investment opportunities available for an investor, but also the quality of the due diligence process, which will be performed by a much larger number of different perspectives coming from investors from various backgrounds and sectors.
We will address these challenges while in parallel provide additional investment opportunities to the smaller and mid sized investors, which will also benefit them with the following advantages as part of this disruptive market change investors can create their own investment crowd with specific investment goals.
— Slavena Savcheva, co-founder CrowdWiz.io
Their investment costs are reduced by an open access to a range of financial products, also the trading costs are reduced by integrating our system with various crypto exchanges and ICOs. On the other hand the entrepreneurs are given easy access to new capital raising methods from within the ecosystem. The other great thing is the complete transparency based on blockchain technology.
Both entrepreneurs and investors will have the self-governance of a democratic investment and capital raising ecosystem. The ability to vote and retain flexibility by joining various investment crowds lowers the risk investment sphere due to wisdom of the crowd traits that we are so fond of. And last but not least we offer multiple uses for the WIZ token across various services and apps.
Timeline
At the moment you can join the first crowd to buy WIZ tokens — if you sign up now, you will be one of the first to participate in the sale starting on 18th of October, 2017 (10:00 UTC). Then, the token distribution and WizFund beta will give you the opportunity to offer, assess and act on investment opportunities as one against the market, thanks to their collective wisdom and insight.
Initial Fund Offering (IFO)
With initial fund offering, WIZ token holders can create their own investment crowds and issue specific designated tokens for funding their enterprises. These crowds can be used to either raise capital for projects or create investment communities united under a mutually agreed investment goal.
Investors can participate in the IFO by exchanging WIZ tokens with the designated crowd token. In a similar way to a regular ICO, the issued new crowd tokens will be used to represent a share in the crowd and will give voting rights within the crowd. Each IFO will have its own parameters, which will be set by the creator. The parameters can be: minimum capital, soft or hard cap, number of investors, voting mechanism, time frame for raising capital, public or private and more.
If the IFO is successful in reaching its stated goal, the crowd is created, and the crowd’s token is issued and distributed to the investors. In parallel, the WIZ tokens are funded in the crowd’s wallet and available for use. In a scenario in which the crowd does not manage to reach the goal, investors will receive back their WIZ tokens.
Investments in blockchain technology and ICOs have become a major attraction throughout the financial world in 2017. The CrowdWiz ecosystem is aiming to deliver access to all available investment opportunities that are available on this market. The blockchain technology provides a perfect base for voting mechanisms and the utilization of the wisdom of the crowd concept.
Why joining now?
The premise on which CrowdWiz is built is to enable the creation of a democratic investment ecosystem eliminating intermediaries and utilizing the wisdom of the crowd to make investment decisions. The main goal of CrowdWiz is to develop the open source technology required for running a decentralized platform and network and to create a successful model that incentivizes both investors and new company founders to join the network.
By joining the CrowdWiz network investors are getting access to a pool of new companies geared towards the future development of new products. At the same time founders of new companies are getting access to a pool of investors outside of the traditional angel and venture capital financing circles. Both parties are eliminating several middlemen and fees related to consultants, lawyers, compliance and more.
So, do you want to be the next-generation investor? If so, join the first Crowd! Watch this video to learn how the platform works.
About CrowdWiz team
CrowdWiz is a project created by the same team that led the development of KRYPTON SOFTWARE, a company which has already gained vast experience and proven achievements in the financial industry, while establishing itself as a key technology provider. Our team consists of leading professionals from the technological, investment, and financial industry, who pioneered the field of online financial trading.
Founded in 2008, KRYPTON SOFTWARE is considered among the largest online trading platform providers in the world, with more than 160 employees worldwide. Its financial trading products allow operators to continue developing their offering in line with the needs of investors in a dynamic and cost effective manner. In 2017, KRYPTON SOFTWARE launched innovative products, which are unique for the FinTech industry. The team has developed a complete cryptocurrency brokerage solution, which is used on a worldwide scale.
Visit our website crowdwiz.io for more information. Follow us on Facebook, Twitter and Telegram. Subscribe to our newsletter (only essential news, we promise). Watch this video to learn how does CrowdWiz work exactly.
