W12 is on 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.
W12 mission is to create environment and a decentralized infrastructure trust between parties is not necessary in any type of the deal and W12 Vision is to become the largest global platform that will change established centralized ways of attracting finance that are currently limited by geographical and political frameworks.
The crowdsource market has problems and W12 solution. The market problems are SCAM and absence of trust between fundraisers and fund givers, utility and security model imperfections etc and the W12 has protocol solution such as allowing anyone to build smart contracts with necessary logic, digital contracts templates, charity campaign platform etc.
Types Of Project Funds
- Type 1: the project fund type 1 is already developed. For the token purchase, the refund unspent amount of funds and several other platform functions the token buyer can use a Meta Mask wallet. This type will execution of the milestones in digital contracts is confirmed by token buyers.
- Type 2: in this type of project fund will the execution of the milestones in digital contract is confirmed by independent oracles from the W12 network.
- Type 3 : this type is confirmed by 51% of token buyers. The weight of the voice is proportional to the number of purchased tokens.
Step-By-Step Manual For Token Sales
- The project representative register w12.io and fills out the required information about the project road map
- The project will choose one between ERC20 token and original tokensvia the W12 platform
- The project transfers original tokens to the W12 digital contract address
- A smart contract issues the same number of W-tokens
- Token buyers transfer funds to a smart contract that sells W-tokens (ABC-W) and get W-tokens back to their wallet.
- The token buyers have two options namely exchange W-tokens to original tokens and make a refund of unspent project funds.
- The project can than independently decide what to do
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 project and token buyers:
- The project can issue token independently and sell only part of its tokens via W12 solution using smart contracts based on milestones.
- The project can implement almost any logic for its token sale.
- The project can issue tokens via the W12 smart contracts and sell part of its independently.
- The creation of the ecosystem where token buyers do not need to trust the project team.
- Allow the token buyers to receive up to 99.9% of the funds back if the project does not deliver or turns out to be a scam.
- The last is significantly increases return in the early stages of ICO participation.
The W12 has oracle network. Oracles is reputable persons from different areas (lawyers, notaries, financial advisors and others) who transmits verified information from the external world to the blockchain and act to confirm the execution of scenarios programmed in to smart contracts. The business W12 is commission-based service.
The W12 uses ICO fundraising model has clear advantages over traditional crowdfundig, these include the liquidity of tokens purchased in exchange for investment funds and the speed of obtaining financing from investors. But the advantage is despite having received significant funds at the initial stage.
W12 token sale in W12 named W12 token using Ethereum ERC20 type. The token will distribute in 60% for the W12 token sale and the remnant for airdrop, bounty, integration with partner, reserve fund etc. besides that, W12 also has smart contract that will guarantees such as property, token delivery, transparency, cancellations and refund etc.
In Quarter IV W12 has planned of adding projects to the W12 platform then the advertising and PR campaign of the platform, W12 conferences and launching the W12 cross-blockchain protocol.
The businesses will develop and build the following channels by internet marketing of the W12.io, organization of conferences and key industry events, participation in key conferences and events and collaboration with partners.
The terms and conditions for information purposes only and is neither an offer, nor a call to sell shares or securities on the W12 platform like W12 tokens are not securities, absence of guarantees of income or profit, risks associated with Ethereum and regulatory uncertainty, quantum computers, risk of loss of funds etc.
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