Video entertainment software company Stremio crowdfunding launched on WINGS decentralized smart contract platform

stremio crowdfunding login WINGS

Stremio to launch AdEx on WINGS , an advertising system using blockchain and smart contracts as an alternative to black-box advertising systems

(December 8, 2016, Zug) - WINGS (wings.ai), a decentralized smart contract blockchain project creation and management platform, announced today that video entertainment software company Stremio (strem.io) will use the WINGS platform to conduct their AdEx crowdfunding campaign. Stremio's AdEx unique value is that it will provide a fully transparent advertising market, making ad bidding auditable, fairer, and optimizing bidding models for the first time - features that some proprietary systems refuse to provide.

WINGS combines a decentralized decision-making mechanism: prediction market, to filter low-quality projects, project valuation, project milestone setting and risk assessment, and anyone with a smartphone can access such services through instant messaging tools such as Telegram. WINGS allows projects to be reviewed and evaluated by a global community before financing; all crowdfunding funds will be sealed in a separate smart contract, and all participants will have the opportunity to participate in project governance.

Stremio CEO Ivo Georiev said,

“We are excited to use WINGS as the platform for our upcoming crowdsale of Stremio. The convenience of WINGS and its support for Bitcoin and RSK smart contracts are crucial to us. Stremio will offer a decentralized advertising network, AdEx, which will disrupt the existing advertising ecosystem by bringing unprecedented transparency and trust.”

Stremio deeply understands the potential of disrupting the existing black box advertising market. In order to seize this multi-billion-dollar online advertising market, they decided to research and build their market on the most important invention in the past few years - the Bitcoin blockchain.

Stas Oskin, core developer of WINGS, said:

“We are excited to welcome Stremio’s AdEx as the first project to be included in WINGS’ DAO community and to receive community review, valuation, and funding. We believe blockchain technology will provide businesses like Strem.io with advantages that traditional business models cannot provide, namely transparency, optimization, and a degree of development for market participants.”

Blockchain is trustless in nature and is well suited to this role, as it can eliminate the need for trust between advertising parties. By using smart contracts, the advertising market model can be decentralized, and with new micropayment technology, the bidding process will be faster.

Stremio recognizes the importance of global community participation in the operation and promotion of AdEx and has decided to provide a unique opportunity to participate. Economic interactions on the advertising market will be supported by Stremio AdEx tokens, which will be used by advertising parties to facilitate bidding and the exchange of financial value between advertising resources and fiat currencies.

WINGS Foundation has raised approximately 1,500 bitcoins from more than 1,000 supporters and will bring project valuation, financing, and management to a whole new level. To join, visit https://fly.wings.ai.

About Stremio

Stremio focuses on providing innovative video solutions using P2P networks and video technology. Stremio has raised seed funding from Bitcoin giant Bitmain in August this year. The company has more than 500,000 active users, more than 3 million software downloads, and more than 100,000 new users per month. For more information, please visit the company's website at strem.io

About WINGS Foundation

WINGS Foundation is located in Switzerland, and its decentralized team has many blockchain experts who are committed to bringing blockchain projects to the mainstream market. WINGS brings DAO technology to entrepreneurs and companies who may be looking to use the global reach of Bitcoin and other blockchain projects to help them raise funds, or use prediction markets based on swarm intelligence to obtain higher quality decisions, or the multi-purpose capabilities of smart contracts under the global decentralized protocol framework, and the convenience of audience reach brought by instant messaging.

For more information, please visit the WINGS official website at https://wings.ai.