29 Nov '16, 8pm

Understanding the #Bitcoin, #Ethereum, Eth Classic, #Ripple & #Litecoin #WINGS allocations

Understanding the #Bitcoin, #Ethereum, Eth Classic, #Ripple & #Litecoin #WINGS allocations

With some projects over the summer we saw people complain that they were not able to give larger amounts of ETC, XRP or LTC because ShapeShift has limits due to liquidity and slippage. While we do have a technological partnership with ShapeShift, we wanted to enable larger donors to participate easily. The WINGS Foundation wanted to have some financial stability, and given that some of these crypto-currencies go up when bitcoin goes down, we thought they would provide a higher level of stability to treasury management rather than hoping that one coin just continues to appreciate steadily over time. It goes without saying that BTC is the king of crypto, and with our planned support for RSK, a smart contracts system for Bitcoin, it is a natural preference. We intend to support Ethereum and Ethereum Classic as they have smart contracts systems and many projects wanting to use...

Full article: https://blog.wings.ai/understanding-the-bitcoin-ethereum-...

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