CrowdWiz successfully raises over $5 million in its pre sale to bring democracy to investing by cutting out the middleman

Share with:

CrowdWiz, a fully decentralized crowd wisdom powered investment platform, has successfully raised $5,389,945 in its public pre sale for the WIZ token. CrowdWiz has also released a demo of an alpha, that shows how the platform will operate. The public presale for the WIZ token will be followed by an ICO on November 20.

“We are thrilled to announce that CrowdWiz has already raised over $5 million in its presale,” said Slavena Savcheva, Co-Founder and and Head of Business Development & Marketing for CrowdWiz. “The proceeds raised in the presale will go towards the development of the WizFund Platform, the first of many steps in democratizing the investment process.”

CrowdWiz democratizes the investment industry, giving the power back to the people, and reducing the power of financial institutions like banks, funds, and exchanges. These institutions work as a monopoly, burdening users with high fees under a protective umbrella provided by the regulatory system. CrowdWiz plans to change all this by adding democratic features to the investment process.

[embedded content]

CrowdWiz is powered by Krypton Software, a division of leading fintech software company, TRADOLOGIC. The fintech software giant recently launched this cryptocurrency division, with a team of over 60 dedicated personnel and an existing backbone that transacted over 3 million items/actions.

CrowdWiz is an entire ecosystem that shifts the power away from intermediaries, who may have conflicting or undisclosed personal interests, and puts it back where it should be – with the investors themselves. The platform uses the wisdom of the crowd to make investment decisions, as under the right circumstances large enough groups tend to make remarkably good decisions and are often smarter than the smartest people in them. Thus, the wisdom of the crowd produces the best and most promising company to invest in.

The platform solves the problems associated with traditional investment funds, which often include high entrance costs, large fees, and little to no transparency. The ethereum based platform offers its users:

  • Little to no fees
  • Complete transparency
  • Self governance on a democratic investment platform
  • The ability to vote and join smarter investments
  • A safe place to invest, as the crowd can protect itself from fraud
  • The ability to profit from financial services
  • Multiple uses for the WIZ token – investment, trading, insurance, lending, etc.

Trade on the platform will be processed via the WIZ token, which will enable token holders to fund, invest, vote, propose, open their own investment funds, decide the nature of the tradable goods within the ecosystem, and more. For simplicity of use, the platform offers several easy to use tools and apps with a robust set of functions: WizFund Platform, WizVote, WizExchange, WizTrader, WizInvestment, and WizStore

CrowdWiz’s public pre sale lasted for 72 hours, giving participants to the pre-sale the option to get an exclusive 20% bonus of the token. The demo alpha shows how WIZ holders will be able to create IFOs, invest in funds, participate in investment crowds, and more using the token. Additionally, CrowdWiz has partnership with TaaS Fund, a fund that specializes in ICO investments, as well as the first ever tokenized closed-end fund dedicated to blockchain assets.

  • Sun Exchange Raises $1.6 Million Seed Investment to Catalyze Global Shift to Solar Power – October 22, 2017
  • Brickblock And Nakamo.to Announce Partnership To Fuse Real-world Asset Trading With The Potential Of IOTA’s Tangle Network – October 22, 2017
  • Wirex inks deal with SBI Holdings to establish Asia focussed joint venture – Japanese cryptocurrency payments card expected soon – October 22, 2017
  • CrowdWiz successfully raises over $5 million in its pre sale to bring democracy to investing by cutting out the middleman – October 22, 2017
  • Soma – launches ICO to tackle marketplace fraud and disrupt the $1.7 trillion global second-hand goods industry – October 22, 2017
  • LiveEdu.tv Launches ICO and Announces Presale – October 22, 2017
  • Yetta announces ICO of European Commission funded Blockchain Research and Development – October 22, 2017
  • Pulsar Venture Capital Holds ICO to Raise Money Using Blockchain – October 19, 2017
  • Dash Expands Reach In Asia Through Cooperation With Rising Fintech Company QUOINE – October 19, 2017
  • Hacken and Neuromation Partnership Launched to Stomp out Blockchain Cybercrime – October 19, 2017
  • Playkey Brings in $1 Million in Pre-Sale Campaign and Welcomes Dillon Seo as VR Advisor – October 19, 2017
  • SolarCoin Founders Introduce New Blockchain-Based Network for Global, Decentralized Energy Trading – October 19, 2017
  • Kazakhstan’s Lendex.io plans ICO in early 2018 – October 19, 2017
  • Swissborg – The Blockchain Era of Swiss Private Banking – Announced ICO – October 19, 2017
  • Bank4YOU Group’s launches ICO end of October – Investors Call to Action – October 19, 2017
  • Live Pre-sale of Trive: Fights Fake News Using Cryptocurrency and Crowdsourced Research – October 19, 2017
  • A New Ozone Layer? Arcona Plans for Augmented Reality Layer to Cover Earth Surface in new AR project – October 19, 2017
  • Cofound.it Introduces Seed Program for Early Blockchain Startups – October 19, 2017
  • LOOMIA Announces Collaboration With Storj Labs, Introduces Smart Fabrics and Consumer Data to Blockchain Technology – October 19, 2017
  • DECENT Launches Beta Release of DECENT GO, The First Decentralized Marketplace for Digital Content – October 19, 2017
  • Orebits Corporation, Inc. Announces Orebits Pool, LLC and Orebits.AU Eco-System – October 19, 2017
  • Pareto – the Peer to Peer Financial Content Marketplace Announces Token Sale – October 19, 2017
  • Appsolutely Launches the LoyalPlatform, LoyalCoin and LoyalWallet; Using Blockchain to Usher in the New “Loyalty Economy” – October 19, 2017
  • Eidoo Raises $27.9m In Successful ICO To Bridge The Cryptocurrency Gap And Open The World Of Digital Currencies To The Masses – October 19, 2017
  • Malta-based RoboAdvisorCoin (RAC) Launches Token Sale for Robo-Advisor Dedicated to Cryptocurrencies and Digital Assets – October 19, 2017
  • BLOCKv Announces the Availability of VEE Tokens Through Its Upcoming Token Generation Event – Open to Public on October 19, 2017 – October 19, 2017
  • The Fundchain initiative starts again this year with new Research & Development roadmap for the investment fund industry – October 19, 2017
  • Digital Cryptocurrency Vault DigiPulse Reaches $1 million in Token Sale – October 19, 2017
  • Tickets Cloud Kicks off crypto.tickets ICO – October 19, 2017
  • Ex-JP Morgan Vice President Dr Joseph Chen-Yu Wang Joins Ambrosus as Project Manager – October 19, 2017
  • Russian Wood for Cryptocurrency – Timber! – October 19, 2017
  • Proof Suite Announces Token Sale for Blockchain Platform Designed to Tokenize and Insure Real World Assets – October 19, 2017
  • DataWallet Announces Blockchain-Based, Consumer-to-Business Data Exchange – October 19, 2017
  • IEEE Releases Findings from First Detailed Study of Blockchain Adoption in the Pharmaceutical Enterprise – October 19, 2017
  • Horizon State Launches Token Sale to Modernize Global Voting and Collaborative Decision Making – October 19, 2017
  • Metaps Plans to Launch Time Marketplace ‘Timebank’ Token Sale on COMSA – October 19, 2017
  • Lykke Vanuatu brings Binary.com tokens to Lykke Vanuatu Exchange – October 19, 2017
  • After raising $15M in a pre-sale, BitClave is ramping up for its Nov 8 crowdsale, and its plans to redefine the search experience – October 19, 2017
  • Kazakhstan Is About To Launch The First Cryptocurrency, Directly Backed By Fiat Money – October 19, 2017
  • Positive.com launches to protect Initial Coin Offerings from cyber attack – October 19, 2017
  • Latium Launches LATX Cryptocurrency Token Sale for Participation in AI-Based Tasking Platform – October 18, 2017
  • IBM Announces Major Blockchain Solution to Speed Global Payments – October 18, 2017
  • Launch of SMSCHAIN, a Blockchain-based SMS Gateway – October 18, 2017
  • Streamr Concludes a 30 Million CHF Crowd Contribution Period to Build Decentralized Real-Time Data Economy – October 18, 2017
  • Publica Building New eCommerce Platform for the Publishing Ecosystem – Token Sale Coming Soon – October 18, 2017
  • BLOCKv Partners with Storj Labs to Provide Decentralized Storage Architecture and New Toolsets to Power Next Generation Digital Objects – October 18, 2017
  • Coinme Announces the Start of the UpToken Sale Today With Over $40 Million USD in Pre-Registration Signups – October 18, 2017
  • Blockbid Announces Launch Of ICO Backed By Multi-Cryptocurrency Trading Platform – October 18, 2017
  • SportyFi – Decentralized Sports Investment Start-up Endorsed by Soccer Superstar Roberto Carlos – October 16, 2017
  • Acronis Joins Runa Capital and Parallels In Accelerating Innovation and Supporting Blockchain Initiatives in Malta – October 16, 2017

View All Articles

advertisementBlockchain Expo