Bitcoin’s biggest mining farm, Bitmain/Antpool, announced a seed level investment in Wings development, a new platform which aims to bring DAO creation and management to the mainstream by presenting users with a simple UI interface. Demystifying DAO for the dummies
Speaking to Coin Telegraph, Stas Oskin, Core Developer of Wings , stated that the platform allows users to create an Ethereum and Rootstock-based DAO without any smart contract or coding knowledge. The DAO is instead created by following a step-by-step wizard interface, with an ether or rootstock address provided at the end of the process.
Oskin states: “We are looking to create a turn-key service for start-up and for entrepreneurs, enabling them to easily set-up new DAOs, and to enable their members to participate.” Managing a DAO would be just as easy with users able to vote, make proposals, check balances and perform other DAO related functions by typing to a chatbox in natural language. The actual coding and technical process is fully hidden from the end user with the idea being to “make it as simple as launching a new project on any community site” according to Oskin. Potential launch this summer
The project is in alpha stage with a potential launch this summer. An internal proof of concept has already been built, which, according to Oskin: “Connects between Ethereum smart contracts, IPFS storage and the Telegram network, creating a fully decentralized bot which can both execute contracts on user interaction and initiate a conversation with users by itself.” The project aims to be fully compliant, implementing a KYC process and engaging a leading legal agency for consultation and legal counsel based in Switzerland. It further implements a web-of-trust system, allowing DAO creators to be ranked by past performance as well as allowing users to follow successful decision makers. […]
