$500,000 WINGS Foundation diversification fund for Ethereum ICOs
given the uptick in crypto valuations we will be diversifying some of the funds into new projects which should help re-inforce the WINGS brand and attract more projects that are ICOing on Ethereum to also use WINGS- so very important that every does research before forecasting as best as you can as we will use that has an indicator.
Awesome, I'm interested to see more about this 'book building contract' if it is used.
I do have a question though about using Wings forecasts for allocating your resources:
Previous forecasts where geared towards judging whether an ICO would be successful in raising funds. This is a completely different question to whether an ICO will be a profitable investment. I may see a complete scam which I know for a fact will disappear with the money or a totally flawed project that I know will fail within months, but if I can see there is a great deal of excitement around it, nobody is recognizing the flaws and so on then I must rate is very highly in order to be correct. On the other hand, a hidden gem which I think will make fantastic profits after just 3-6 months or something but which is being ignored by the crowd pre-ICO must be rated very poorly because it will probably not collect much during ICO, but yet it is the best thing to put your money into if you want to get a profit.
So will the forecasting method be changed for use in this way, and if so what will it look like? If not, are you concerned that you will be putting all your money into over-hyped and therefore over-priced projects and ignoring all the bargains?