W12 project : preview
What is W12?
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 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 building a global world future
How it works
For example
· project name: ABC project
· the name of the original token of the project: ABC
· 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, sell 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.
ICO market & Crowdfunding
1. Problems :
· SCAM
· High risks involved in investing in projects at the early stages. Absence of infrastructure for simple, reliable conclusion of contracts and their execution.
· There is no decentralized infrastructure ensuring that the contract will be executed depending on the achievement of the main milestones of its roadmap by the project.
· According to research, only 3,8% of ICOs that finished their Token Sales are successfully trading
2. solution:
We have built smart contracts that release ICO funds to the project only following the decision of its token buyers once the project meets its milestones.
Charity Market :
1. Problems :
· Lack of transparency
· Up to 60% of the young generation
admits that transparency influences their decision to donate.
· Intrusive charity advertisement Expensive admin costs
· High marketing upfront costs and fund
transfer commissions make smaller
charities difficult to maintain
· Am I making an impact?
· A frequent question from those who are willing to donate.
2. Solution :
To create a transparent, decentralized infrastructure, where one can track the targeted use of funds.
Thanks to the W12 protocol, any party can create a DAO organization of the type they need, set up its roadmap and determine the use of funds. Each participant will be able to track and control funds, and assess the impact of the contribution.
This solution significantly reduces administrative and marketing costs and allows raising more funds for charity and socially meaningful projects.
Token info :
· Token name: W12 Token
· Token symbol: W12
· Token owner: W12 Pte. Ltd.
· Token type: Ethereum ERC20
· Token price: 1 W12 = 0.00035 ETH.
· Accepted form of payment: ETH, LTC, BTC, BCH, ETC, ADA, XLM
· Token transfer: W12 tokens will be transferred to customers immediately after receiving a confirmation of payment
· Token issue: limited to 400 million tokens. Neither mining, nor any other method can be used to increase the token supply.
· Hard Cap: the number of tokens per token sale round is limited.
Token distribution :
Team:
— — — — — — — — — — — — —
PERSONAL INFO :
bitcointalk username : steem01
bitcointalk profile : https://bitcointalk.org/index.php?action=profile;u=2251815
ETH adress : 0x0B448c913cC7b8f1072215AbA22f79233036654e
