ZUG, SWITZERLAND, May 18, 2017 /24-7PressRelease/
-- WINGS (https://wings.ai), an Ethereum-based platform using prediction markets to value and crowdfund projects, today announced a successful token smart contract audit by the Digital Identity SA (https://digitalidentity.tech/), a Swiss company focused on blockchain consulting and investments.
"While time to market is very important for us and our crowdfund participants, priority number one is making sure we always release an as secure code as possible. There can not be any compromises when handling users funds, and Wings has put to its' banner getting out a robust product that can be used globally with no security concerns. Wings holds dearly the trust put by it's community, and will go to the utmost length to justify this trust, consistently providing well tested and audited platform," according to WINGS Core Developer Stas Oskin.
Triple the Security Audits
Smart contract technology is undergoing rapid and innovative changes that require extra effort and measures to ensure that quality of code which runs on public blockchains is consistent with expected outcomes to that end WINGS Foundation engaged three audit firms to ensure no stone went underturned in identifying potential risks.
The audit effort was led by Marco Polci, CTO, at Digital Identity who has extensive experience in smart contracts and blockchain software.
Audit results summary by Digital Identity:
The Token smart contract follow the ERC20 standard interface and implements a minting behavior with a limited number of minting operations with prefixed amounts and scheduling.
The implemented minting schema looks like a means to lock tokens to some initial stake holders, with the difference that the "locked" tokens are not counted in the addresses balances until they are unlocked.
No security flaw found
Some hints to improve compatibility with applications that rely on standard ERC20 interface
The WINGS Foundation chose Digital Identity SA following a recommendations from experts in Ethereum smart contracts. Their audit results were detailed and allowed us to improve our smart contract development skills. We are pleased with the results and will be looking to work with Digital Identity in the future.
With the audits completed the WINGS token has been launched on the Ethereum mainnet and listed as a top 20 Ethereum token on Etherscan: https://etherscan.io/tokens
About WINGS Foundation
WINGS Foundation is based in Switzerland and comprised of a decentralized team of professionals aiming to bring blockchain-enabled projects to the mainstream. WINGS uses DAO technology to enable a new class of emergent incentivized artificial swarm intelligence on the Ethereum network for price discovery. Further, WINGS gives access to best in class smart contracts for blockchain based crowdfunding and for a project's decentralized governance. To learn more please visit: https://wings.ai.
WINGS is a blockchain platform that seeds and nurtures a community dedicated to the launching, backing and promotion of new projects proposals through a fluid organizational model referred to as a Decentralized Autonomous Organization (DAO). DAOs implement self-determining and independent organizational governance, management and operations using immutable blockchains and smart contracts execution.
WINGS combines several concepts, ranging from attention rewards, forecasting markets, smart contracts, governance models and federated funds security. The platform places an emphasis on encouraging the WINGS community to identify and promote high-value proposals that have higher chances of positive financial returns. WINGS creates a decentralized forecasting ecosystem that gives tangible incentives for WINGS token holders to put the effort in making the best available choices to maximize their rewards.
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