CrowdWiz: A Decentralized Investment Platform Based on Wisdom of the Crowd

What is CrowdWiz

Friends, imagine when we usually invest in stocks or funds, we always have to go through banks, brokers, or fund managers—these “middlemen.” They manage our funds, but also charge fees, and the flow of our money and the decision-making process may not be so transparent. CrowdWiz (project abbreviation: WIZ), from its inception, aimed to break this traditional model. It wants to build a decentralized investment ecosystem where everyone has a say, and there are no longer so many intermediaries.

Project Summary

Simply put, CrowdWiz is a platform based on the Ethereum blockchain, and its core concept is to use the “wisdom of the crowd” to make investment decisions. You can think of it as a large online investment club, but this club has no single “boss” in charge—every important investment decision is made collectively by members through voting.

Target Users and Core Scenarios

This project mainly targets two groups: first, ordinary investors who want to participate in investments more transparently and autonomously, and access more diverse investment opportunities; second, entrepreneurs who need a more convenient and direct way to raise funds from the public, rather than relying on traditional financial institutions.

The core scenario is the creation and management of decentralized investment funds, which CrowdWiz calls “WizFund.” It’s like forming an interest group, where everyone pools their money together and then collectively decides how to use it and where to invest.

Typical Usage Process

In this ecosystem, if you are a WIZ token holder, you can initiate an “Initial Fund Offering” (IFO), which is like launching an investment project. You can set a goal for the project and attract other WIZ token holders to participate. Participants exchange their WIZ tokens for your project’s unique tokens, and then everyone votes together to decide the investment direction. If the project does not reach its goal, investors’ WIZ tokens are refunded.

Project Vision and Value Proposition

Project Vision/Mission/Values

CrowdWiz’s vision is to fully democratize investment. It hopes to hand over the power and control of investment entirely to investors—like giving the steering wheel from the driver to the passengers, letting everyone decide the direction of the journey together.

Core Problems It Hopes to Solve

It mainly aims to address several pain points in traditional investment:

• Lack of transparency: Traditional financial institutions often operate opaquely, making it difficult for investors to know the exact flow of funds and the decision-making process.
• High intermediary fees: Various brokers, fund managers, underwriters, and other intermediaries charge considerable fees, eroding investors’ returns.
• Centralized control: A few people or institutions hold the power of investment decisions, and ordinary investors lack a voice.

Differences from Similar Projects

CrowdWiz’s uniqueness lies in its emphasis on “wisdom of the crowd.” It believes that decisions made collectively by people with different backgrounds and experiences are often more accurate and robust than those made by a few experts. Through self-managed crypto funds like WizFund, community members decide investment strategies by voting, rather than relying on the personal judgment of a fund manager.

Technical Features

Technical Features

CrowdWiz is built on the Ethereum blockchain. Ethereum is an open, decentralized platform that allows developers to build and run various decentralized applications (DApps).

Smart Contracts: You can think of smart contracts as “digital agreements” that automatically execute on the blockchain. Once preset conditions are met, the contract executes automatically, without any third-party intervention. CrowdWiz uses smart contracts to automate investment decisions, token distribution, and other processes, ensuring transparency and immutability.

Technical Architecture

The CrowdWiz platform architecture revolves around the Ethereum blockchain and smart contracts. When you operate on the platform, such as initiating an IFO or voting, smart contracts are working silently in the background. It’s like an automated steward, handling all affairs according to preset rules to ensure fairness and justice.

Consensus Mechanism

Since CrowdWiz is based on the Ethereum blockchain, at the time (2017-2018) it adopted Ethereum’s Proof-of-Work (PoW) consensus mechanism. You can think of the consensus mechanism as the rules by which everyone in the blockchain network reaches agreement and confirms transactions and blocks. PoW is like everyone solving math problems together—whoever solves it first gets the right to package a new block and receive a reward.

Tokenomics

Tokenomics Features

The WIZ token is the “heart” of the CrowdWiz ecosystem. It is not just a digital currency, but the core tool connecting all participants. It drives all major activities and transactions on the platform.

Basic Token Information

• Token symbol/chain: WIZ / Ethereum.
• Total supply or issuance mechanism: In the ICO (Initial Coin Offering) from late 2017 to early 2018, CrowdWiz sold about $7.23 million worth of WIZ tokens. The total supply available for purchase during the ICO was 40 million WIZ.
• Inflation/burn: There is no clear mention of inflation or burn mechanisms for the WIZ token in the available information.
• Current and future circulation: Regarding the circulating supply of WIZ, data from different sources varies. For example, some sources show a current supply of 3,565,437.16 WIZ, with a circulating supply of 2,384,949.97 WIZ. Other sources show a circulating supply of 0 or 5,639,000 WIZ. These discrepancies may reflect differences in timing or statistical methods, so be aware of the inconsistency.

Token Utility

The WIZ token plays multiple roles in the CrowdWiz ecosystem:

• Create investment groups (IFO): Users holding WIZ tokens can launch their own investment projects and attract other investors to participate.
• Participate in voting: WIZ tokens grant holders voting rights in investment decisions, embodying the governance model of “wisdom of the crowd.”
• Share ecosystem profits: WIZ tokens represent a share in the profits of the CrowdWiz ecosystem.
• Access platform services: WIZ tokens can be used to access various services and applications on the platform, such as WizExchange (an exchange), Wiz Insurance (insurance services), and Wiz Crypto Lending (crypto lending).

Token Distribution and Unlocking Information

Details of the ICO have been disclosed, but the specific distribution ratios and unlocking schedule of the tokens are not detailed in the available public information.

Team, Governance, and Funding

Core Members, Team Features

The CrowdWiz project was co-founded by Michael Golod and Slavena Savcheva in 2016. Their team members come from KRYPTON SOFTWARE, a company established in 2008 with rich experience and achievements in the FinTech field, and was once one of the world’s largest online trading platform providers. This shows the team has a strong background in finance and technology.

Governance Mechanism

The core governance mechanism of CrowdWiz is decentralized “wisdom of the crowd”. WIZ token holders collectively decide the platform’s investment direction and major matters through voting. This model aims to eliminate the control of centralized institutions and give the community the final decision-making power.

Treasury and Funding Runway

CrowdWiz successfully raised about $7.23 million in its ICO from late 2017 to early 2018. This funding was used for project development and operations. However, since the project started early, its current financial status and operational situation are difficult to track in the available public information.

Roadmap

Historical Key Milestones and Events

• 2016: CrowdWiz project founded.
• September 2017: The team actively participated in various blockchain and FinTech conferences to promote the project.
• October 13, 2017 - January 31, 2018: ICO conducted, successfully raising about $7.23 million.
• Post-ICO: Beta versions of WizFund (self-managed crypto fund) and WizExchange (exchange) launched successively.
• Same period: Products such as Wiz Insurance (insurance) and Wiz Crypto Lending (crypto lending) were under development.

Future Key Plans and Milestones

As CrowdWiz is an early blockchain project, its original roadmap is difficult to find with the latest progress in the available public information. Currently, its official website (crowdwiz.io) has transformed into an online investment guide and education platform, and is no longer directly involved in the operation of the WIZ token.

Common Risk Warnings

Friends, when learning about any blockchain project, we must remain vigilant, especially regarding potential risks. As an early project, CrowdWiz’s risk points may be more prominent:

Technical and Security Risks

• Smart contract vulnerabilities: Although smart contracts aim to automate and secure transactions, if there are bugs in the code, they may be exploited maliciously, resulting in loss of funds.
• Blockchain technology risks: Blockchain technology itself is still evolving and may have unknown technical risks or scalability issues.

Economic Risks

• Cryptocurrency market volatility: As a crypto asset, the price of WIZ tokens is affected by market supply and demand, macroeconomics, regulatory policies, and other factors. Volatility can be very high, and there is a risk of losing investment principal.
• Project liquidity risk: If project activity decreases, trading volume of WIZ tokens may be insufficient, making it difficult to buy or sell.
• Project development uncertainty: The original CrowdWiz blockchain project is no longer active, and its ecosystem and products may have ceased maintenance or updates, which brings significant economic risk.

Compliance and Operational Risks

• Regulatory uncertainty: Global regulatory policies on cryptocurrencies are still evolving and improving. Future policy directions may have a major impact on the project.
• Information confusion risk: There are currently multiple entities using the name “CrowdWiz” or “WIZ,” including one marked as a “financial pyramid” by the Central Bank of Russia (ОБЩЕСТВО С ОГРАНИЧЕННОЙ ОТВЕТСТВЕННОСТЬЮ "КРАУДТЕХ" (CROWDWIZ)), whose activities ended in 2021. Although the original CrowdWiz project (WIZ) was headquartered in Estonia, this name confusion may pose significant risks and mislead investors.
• Project lifecycle: The original CrowdWiz blockchain project is several years old, and its current status and future development are highly uncertain.

Verification Checklist

When researching any blockchain project, here are some key pieces of information you can verify yourself:

• Block explorer contract address: Find the contract address of the WIZ token on Ethereum, and use an Ethereum block explorer (such as Etherscan) to check token holder distribution, transaction history, and other information.
• GitHub activity: If the project is open source, check the update frequency and code contributions in its GitHub repository. This reflects the project’s development activity.
• Official website: The original crowdwiz.io website has transformed into an investment guide platform and is no longer the operator of the blockchain project. This means the official information channel for the original project may no longer be valid.
• Community activity: Check the project’s historical activity on social media (such as Twitter, Telegram, Medium, etc.) to understand its community discussions and announcements.

Project Summary

CrowdWiz (WIZ) is a blockchain project born during the 2017-2018 cryptocurrency boom. Its core concept is to use the Ethereum blockchain and “wisdom of the crowd” to build a decentralized, transparent, and democratic investment ecosystem. It aims to empower users through the WIZ token, allowing them to create and manage their own investment funds (WizFund) and collectively decide investment directions through voting, thereby eliminating the drawbacks of traditional financial intermediaries.

At the time, CrowdWiz’s vision was quite innovative, attempting to apply the spirit of blockchain decentralization to the investment field and give ordinary investors more say. The project team had a FinTech background and raised considerable funds in its ICO.

However, it is important to note that CrowdWiz is a relatively early blockchain project. Currently, its original official website has transformed into an online investment education platform and clearly states that it is no longer directly involved in the operation of the WIZ token. This means the original blockchain project is likely no longer active or officially maintained, and the current status of its ecosystem and products (such as WizFund, WizExchange, etc.) is difficult to track. In addition, there are multiple entities in the market using the name “CrowdWiz” or “WIZ,” one of which, a Russian entity, was even marked as a “financial pyramid” and has ceased operations, causing serious confusion and risk for investors.

Therefore, CrowdWiz should be regarded as a historical case of blockchain exploration. If you are considering interacting with any entity named “CrowdWiz” or using the “WIZ” token, be sure to conduct extremely thorough due diligence and fully recognize its high risks, including but not limited to project stagnation, lack of transparency, insufficient market liquidity, and potential fraud risks. This introduction is not investment advice. Please do your own research and make decisions cautiously.