CrowdWiz — Self-Governed Investment Ecosystem
CrowdWiz is a project that wants to make the investment process completely decentralized, thereby transferring full control to investors. Many may think “if full decentralization is implied, then the platform will be controlled by the crowd — which is not effective.” That’s right, the decentralized platform of CrowdWiz will be managed by the holders of the tokens by voting. But you are wrong that it is ineffective.
CrowdWiz is a new generation decentralized investment ecosystem based on Ethereum. CrowdWiz uses blockchain technology to revolutionize and democratize investments and increase capital by eliminating an intermediary in the modern market, such as an investment broker, investment manager, underwriter and large financial institutions, and in this — we will put power and control over investments in the hands of investors, No intermediary , no additional fees.
What is a Decentralized Investment Market?
A decentralized investments market is a peer-to-peer financial market structure, in which participants can operate and interact directly with each other through technical devices and algorithms without the need of a central trusted authority or hub. Such a structure enables effective and an efficient dealing and decision-making process in real time, through which investors can access market information, raise funding, and make decisions collectively without unnecessary intermediaries or layers of management that just increase costs and slow down the system.
The concept of a decentralized and transparent investing environment creating a level-playing field has huge appeal to both entrepreneurs looking to build businesses and investors looking to maximize their returns. It provides a flexible solution to achieving the goals of all market participants by minimizing risks, lowering costs, and opening up limitless opportunities for synergistic collaboration and value creation.
In today’s economy, shareholder activism is on the rise. We see increasingly more often activist hedge funds like Dan Loeb’s Third Point, Bill Ackman’s Pershing Square and the legendary Carl Icahn making headlines with their bold investment strategies designed to optimize corporate structures and crystalize shareholder value.
This value creation opportunity was born by the inefficiencies of centralized representative governance systems. Corporate management often does not act in the best interest of shareholders due to various conflicts of interest, and the same is valid also in fund management. This is the well-known and studied in economics principal — agent problem. There have been devised numerous mechanisms to mitigate it and align the interests of owners and managers like stock option compensation, lock-up and claw-back provisions and performance-related bonuses, however none of them provides a perfect solution. Management incentives are always skewed towards excessive risktaking, especially more so in fund management, due to an asymmetric risk profile, in which they have a huge upside in case their risk-taking pays off and a limited downside if they fail because they risk other people’s money. The only way to perfectly align the interests of owners and managers, thereby resolving the age-long agency problem is to design a direct democratic governance system. With the advent of blockchain technology we can finally do that and place the power and control entirely where they belong — in the hands of investors.
Differences between CrowdWiz With other platforms
At CrowdWiz, we believe that the wisdom of the people is very appropriate. It recognizes that the concept of a decentralized and transparent investment environment in which no party has an unfair advantage because others have great appeal.
The platform is for entrepreneurs and investors, so for them people can be able to help them maximize their profits.
Wisdom of the Crowd
Crowd wisdom is a powerful concept. It has proven to result in efficient decision making under the conditions of independence, diversity and decentralization. A wealth of data shows that averaging the answers of many often outperforms any individual, even expert opinion. The idea is similar to the law of large numbers in probability theory, which states that the average of the results obtained from a large number of observations should be close to the expected value of the whole set. This approach guarantees stable long-term results for the averages of some random events. Prediction markets offer plenty of evidence how this approach works effectively in practice. In the context of collective decentralized management, crowd wisdom works based on diversity of thought, opinion, experience and skillset gathered from various locations and social groups, thus cancelling out individual biases and excessive risk-taking.
Besides the decision making aspect, the crowd wisdom ecosystem provides access to curated deal flow, which increases the number of investment opportunities available to investors and the quality of due diligence, which is performed by a much larger number of people with different perspectives coming from various backgrounds and sectors.
The main challenge to the crowd wisdom concept, which has slowed it down from reaching mass adoption thus far in the investment sector is the disconnect from traditional early stage professional investors like venture capital or business angels, which may provide additional value with services beyond funding, such as strategic and technical advice, mentoring and networking. Another challenge comes from external market failures that might get out of control, since in groups, the action of one individual influences the decisions of others.
We believe that CrowdWiz can mitigate these challenges. As a decentralized, democratic ecosystem that gives one vote to each investor, it ensures that no individual will have disproportionate control over collective decision-making, regardless of the number of tokens he or she holds. By eliminating conflicts of interest via a transparent blockchain solution, which is at the core of the CrowdWiz value proposition, we will optimize the outcome for investors. In addition, token holders will be able to create their own CrowdWiz investment groups, which will be based on specific investor preferences regarding the direction of such investment groups.
CrowdWiz will address all potential challenges, while in parallel it will provide additional investment options to smaller and mid-sized investors, who will also benefit from the following advantages as part of this disruptive ecosystem :
- Participants can create their own crowd wisdom funds with specific investment goals
- Open access to a range of tokenized financial products
- Reduced trading costs
- Easy access to capital raising for entrepreneurs
- Complete transparency based on blockchain technology
- Self-governance of a democratic investment community
- The ability to vote and retain flexibility by joining various projects
- A lower risk investment environment due to the crowd wisdom management process
- Multiple uses for the WIZ token across various services and apps on the platform
The Problem & The Solution
The currently existing centralized financial system mainly serves the vested interest of a few major players — big banks, asset managers and other financial institutions. We are starting to see signs of the establishment trying to defend its entrenched position, most recently evident in the blatant comments by Jamie Dimon, CEO of JP Morgan, about Bitcoin and other cryptocurrencies. We have seen a long history of rent-seeking behavior by such large, inefficient and stagnant financial intermediaries, which have become too-big-to-fail pillars and gate-keepers of the global financial system. The global financial crisis of 2007–2008 and the European sovereign debt crisis of 2010 clearly demonstrated the deficiency of the current banking system, rating agencies and governments to protect the interests of customers, individual investors and citizens.
How Does CrowdWiz Works?
The WizFund platform is a liberated ecosystem of investors, bringing flexibility and freedom through advanced technology. Every member has the right to vote and take the decision where and how the fund should invest. Token-holders are free to invest in newly-created funds or establish WizFunds of their own. Software wizard will guide you through the process.
The fund, portfolio type, voting mechanism, IFO (Initial Fund Offering) and fund size are among a comprehensive list of various parameters that can be set up.
The WizFund platform is open to different numbers and social groups of investors — starting from families and co-workers, to entire neighbourhoods and cities, or even countries and continents, all whose citizens share the same goal.
What Is A WizFund?
The WizFund platform is the natural sequel of our successful work in the field.
As the pioneer in our line of investment products, it allows participants to offer, assess and act on investment opportunities as one against the market, thanks to their collective wisdom and insight.
All capital decisions are subjected to a voting process executed through smart contracts on the Ethereum blockchain network, guaranteeing an investment process of unmatched fairness and transparency, so the crowd can determine the best actions.
Freedom and decentralization are the founding pillars for crypto enthusiasts — characteristics, which can be applied to take control of your investment strategies.
CrowdWiz offers decentralization of investment with the opportunity to seamlessly create or join crowd-managed crypto funds.
With a full range of customized tools, market analysis and news feeds the CrowdWiz Ecosystem is engaging and innovative, while also fun and easy to utilize.
The WIZ token grants exclusive access to the CrowdWiz Ecosystem. Don’t miss the opportunity to participate in the Token sale and become part of the first crowd.
Meet The Team
Our Team is a team of professionals and experts in their field.
For Further Information , You Can Visit :
- Website : https://crowdwiz.io/
- Facebook : https://www.facebook.com/Crowdwiz
- Twitter : https://twitter.com/Crowdwiz
- Telegram : https://t.me/crowdwiz
- GitHub : https://github.com/Crowdwiz
- Linkedin : https://www.linkedin.com/company-beta/18157389/
- Reddit : https://www.reddit.com/r/Crowdwiz_io/
- Steemit : https://steemit.com/@crowdwiz
- Youtube : https://www.youtube.com/channel/UCnTaazmg9jgrACPR7eGnWeQ
- WhitePapper : https://crowdwiz.io/docs/whitepaper-en.pdf
Created By : kiki33