W12.IO — Blockchain Protocol System
||Website | Whitepaper | Yellowpaper||
W12 is an open protocol for creation various types of DAOs. The protocol consists of smart contracts, the DAO management mechanism, and a decentralized oracle network that control the execution of the milestones in project roadmap. This solution protects users from intentional SCAM or unintentional failure of projects, reduce risks and expenses, create transparency and trust between projects and token buyers.
The fundraising campaign can be of any type: Charity and Social projects, ICO (utility and security), Crowdfunding and any other crowd sourced fundraising and governance. W12 is creating a decentralized infrastructure in which trust between the parties is not required and any disputes can be resolved quickly, transparently and at minimum costs. The W12 protocol is designed to be easily integrated into any existing business or solution. In addition, W12 provides its own platform for selling tokens with a userfriendly interface, through which projects can easily attract funds using the platform protocol.
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The W12 protocol is designed to be easily integrated into any existing business or solution. In addition, W12 provides its own platform for selling tokens with a user friendly interface, through which projects can easily attract funds using the platform protocol. W12 is an open protocol for creation various types of DAOs. The protocol consists of smart contracts, the DAO management mechanism, and a decentralized oracle network that control the execution of the milestones in project roadmap. This solution protects users from intentional SCAM or unintentional failure of projects, reduce risks and expenses, create transparency and trust between projects and token buyers. The fundraising campaign can be of any type: Charity and Social projects, ICO (utility and security), Crowdfunding and any other crowd sourced fundraising and governance.
What is W12?
W12 is creating a decentralized infrastructure in which parties do not need to trust each other. The protocol uses blockchain technology to ensure the transparency and addressability of transactions, smart contracts and oracles to ensure the control of implementation of the main stages of the roadmap by the project. The W12 solution also includes mechanism for DAO creation and a platform that allows projects to raise funds via Token Sales without initial costs or special technical knowledge.
W12 Mission
To create an environment and a decentralized infrastructure where trust between parties in not necessary in any type of the deal and all controversial issues can be resolved quickly, transparently and rightfully.
W12 Vision
To become the largest global platform that will change the established centralized ways of attracting finance, that are currently limited by geographical and political frameworks. To provide every investor in the world with a decentralized solution that will build a global world future.
Types of Project Fund
Main Markets for Integration
Market Validation
96.2% of ICOs in 2017 were too risky or scams
40% of the funds are spent on transfers and internal charity staffing costs
Business Model
They have transaction model. No initial cost from project is required. The more W12 tokens are used in transactions, the lower the commissions. The size of the commission is based on the market for integration and project settings.
| Name of the secured W-token project: ABC-W
1) The project fills the roadmap on the W12 platform, sets the settings for the amount and % of funds required for each stage.
2) The project releases ABC tokens on the W12 platform or transfers some of the ABC tokens issued independently to the smart contract address of the W12 protocol blockchain.
3) The W12 blockchain protocol produces ABC-W tokens in the amount of ABC tokens received.
4) Users transfer funds to smart-contract address and receive ABC-W tokens.
5) The funds are stored in the project DAO fund (smart contract) and are issued to the project to implement the roadmap stages.
6) By purchasing ABC-W tokens, the user can:
- Exchange ABC-W tokens to ABC tokens via W12 token-changer and, if desired, sells ABC tokens on the exchange (the project can set a period of freezing during which this exchange is prohibited).
- Exchange ABC-W tokens for their own funds remaining in the project fund. The terms of exchange vary depending on the type of DAO.
The W12 protocol allows to set up one of the three types of DAO
X1
Each token buyer acts separately and independently in making a decision about the execution of milestones or reaching goals.
X12
The execution of milestones is confirmed by independent oracles that are chosen randomly from the W12 network.
xN
The execution of project milestones is confirmed by a 51% vote by project token buyers. The weight of a vote is proportional to the number of tokens purchased.
The key advantages of token sales via W12 solution
The main advantages of the technical implementation of the W12 solution is the flexibility, trust and transparency it offers to projects and token buyers:
- The project can issue tokens independently and sell only part of its tokens via the W12 solution using our smart contracts based on milestones (for example the project can allocate 1%, 2%, 5%, 20% or 100% of its tokens for sale on W12).
- The project can implement almost any logic for its token sale (by setting any interval for its sale rounds, discounts and bonuses, lock-up periods for early token buyers and many others). No programming required.
- The project can issue tokens via the W12 smart contracts and sell part of its tokens independently (for example, through private or via its website for the crowd)
- Creation of the ecosystem where token buyers do not need to trust the project When token buyers use W12 smart contracts for purchasing projects tokens, the team will execute its road map to receive token buyer’s funds.
- Allows token buyers to receive up to 99.9% of their funds back if the project does not deliver or turns out to be a scam.
The project can issue tokens independently and sell only part of its tokens using the DAO and W12 protocol
This will allow the W12 platform to cooperate quickly with a large number of projects, thus helping it occupy a large market share.
Advantages for participating in the W12 ICO
When purchasing tokens during the ICO, you get a premium expert account, which grants you the ability to receive tokens from hundreds of other ICO projects that have launched their ICOs on the W12 Platform. Accounts are valid for 2 years. After this period, it will be possible to prolong the premium membership. 50% of the commission paid in each project’s tokens for holding their ICOs on the platform will be distributed among premium accounts. In order to receive tokens from ICO projects, premium account holders must rate the project in their personal accounts on the W12 Platform. The table shows the total number of premium accounts available. If there are no more available premium accounts in any category, the corresponding column will not be shown in the table. The number of tokens we receive changes depending on the account level. For example, having a Gold account grants you the right to receive 10 times more tokens than a Bronze account.
W12 Token Economy
-The W12 token is standard for funding projects via W12 protocol and decentralized organizations
- Projects independently choose in which cryptocurrency the raised funds will be stored in. The more W12 tokens are used, the lower the service commission the project pays;
- For example: if project funding is not less than 50% in W12 tokens — the commission is 0 / 30% — the commission is 6% / 0% — the commission is 10%;
-W12 tokens allow users to buy the tokens of any project listed on the W12 platform
-The token will be used as fuel in the decentralized oracle network
- W12 tokens are used to reward oracles. Oracles will need W12 tokens in stacks to confirm transaction in network and the execution of milestones and receive rewards from the network.
Token Info
W12 Token Distribution
Token price: 1 W12 = 0, 00035 ETH. Discounts apply depending on the date of purchase.
Accepted forms of payment: ETH, LTC, BTC
Token transfer: W12 tokens will be transferred to customers through a smart contract after the end of each ICO stage. You can view the received tokens and confirmations of transactions in your account immediately after purchase.
Token emission: Limited to 400 million tokens. Neither mining, nor any other method that allows for an increase in the number of W12 tokens can be applied.
Hard Cap: The Hard cap is set in the number of tokens on each round of the token sale
Early Presale: 3,000 ETH
Private sale: 14,500 ETH
Crowd sale: 5,000 ETH
Token price: 0, 0002625 ETH — 0, 0002975 ETH
Hard cap: 3,000 ETH
Start: August 1, 2018
End date: October 15, 2018 or when hard cap is reached (whichever is earliest)
Discount: 15%-5%
Token price: 0.0002975 ETH — 0.0003325 ETH
Hard cap: 14,500 ETH
Start: November 1, 2018
End date: December 12, 2018 or when hard cap is reached (whichever is earliest)
Roadmap of the Project
Team member
Organization of the series of conferences and events all over the world to attract token buyers and projects. Adding at least 300 projects to the marketplace.Launching a service for buying major cryptocurrencies for fiat currencies.Ongoing development of the exchange and PAMMaccounts,adding new functions to the marketplace and the mobile application.o Launching a scoring system providing the expert’s voting power being determined by the results of his projections and the real increase in the price of the token.Testing of mobile W12 marketplace applications.Mobile application security audit.
Release of a full-featured mobile marketplace application.Signing partner agreements with cryptocurrency exchanges.Advertising and PR campaigns of marketplace and mobile application.
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Ethereum Wallet : 0xC5F04F0a3c5E72Aa559271FE4e57AA139d1fe5a3
