INTRODUCTION
W12 is an open source framework built on top of the Ethereum blockchain, making the execution of milestone based smart contracts faster, cheaper and crystal clear. The Projects fund Class 1 is already developed and based on the Ethereum blockchain. For the coin purchase, the refund unspent amount of funds and several other platform functions the token customer can use a MetaMask wallet.
About W12
W-12 aims to minimize the risks and increase the profitability at the initial project stages for investors worldwide. The platform provides an opportunity for projects to raise funds at no costs without the need for technical expertise by the creation of an environment whereby the project’s path from an idea to a profitable business is very short.
The platform vision is to become a significant global platform that can change project fundraising means. The platform will give investors access to the creation of projects based on a new digital and decentralized economy. The W12 blockchain protocol allows investors to raise funds through smart contracts only after a stage has been completed on the roadmap. The fulfillment of the stage is confirmed through voting by the investors.
The W12 platform will be made of the layers below:
- A project marketplace where entrepreneurs can test and improve their project ideas. The investors get to choose the best project to invest in and follow the project’s progress on the roadmaps. Experts can also earn project tokens by helping the projects implement their roadmap stages.
- Content and user reward system. This is a platform where users get to give their feedback on any project on the platform and vote for the ones they want to continue getting funding. In return, they will be rewarded with personal ratings and tokens.
- A decentralized exchange where projects on the platform will be added to the internal exchange after the token sale.
- PAMM accounts that can be created by managers to attract investor’s funds.
Advantages Of The W12 Platform
The advantages of using W12 platform include:
- Enhances the investment yield in the early stages by more than a tenfold via the purchase of tokens and also reduces risks to the investors
- The platform will refund up to 95% of the funds that investors invest in unrealized projects
- Protects the investors from fraudulent projects as the protocol will protect investors funds
- Provides a possibility of limiting the sale of tokens by investors in the early stages on exchanges immediately after an ICO to prevent the drop of token prices by the activation of the token hold function.
- Simplifies the choice of project investors have to choose from and allows for the transfer of funds to professionals who manage the trusts.
- Projects can quickly attract financing without the need for technical expertise or initial costs
- Creates an infrastructure that allows for the decentralization of capital and establishes a new standard for safe investment in projects.
PROBLEM
Getting high profits from some investments in ICO projects, in the same time token buyers will lose their assets in the long-term perspective in 95% of cases. Eventually, the value of tokens of unrealized projects will drop to zero. At least 98% of ICO projects will never get realized as presented.
SOLUTION
For investors: disrupting the old ICO model W12 creates ecosystem, where ICO investors could buy ICO projects tokens with less risks for them and multiple their profits in average 87x times per period. If the project will not be realized as presented, investors will be able to vote and return unspent funds according to milestones from a project roadmap.
For projects: W12 creates marketplace, blockchain protocol and automated smart-contracts for ICO fundraising without initial costs and special technical knowledge.
This model can transform current ICO market and helps to discover thousands of talented teams and entrepreneurs around the globe.
Studies were conducted that identified the main market problems.
Investors in new projects entering ICO, get tokens, but often lose all their money if the project turns out to be a fraud or does not develop, according to its road map. The experience of the venture capital market at an early stage shows that 9 out of 10 projects fail. According to experts, most ICO projects are fraudulent.
Most private investors do not have the experience to distribute their funds for various products, so they risk losing all their invested funds at one time. This seriously undermines the credibility of modern investment in the crypto industry.
In addition, even the real founders of the project have almost no motivation to develop their projects after attracting millions of dollars. The use of attracted funds is generally unlimited.
Most private investors do not have enough experience in project analysis, which gives scammers the opportunity to manipulate the opinions of potential investors.
In many cases, the price of tokens emitted through the ICO falls as soon as they are listed on the stock exchanges for trading. Many projects distribute a significant share of their tokens between investors at an early stage, crypto funds, and sometimes even advisers, with huge discounts, which usually leads to a strong sale of tokens on stock exchanges, and hence to low prices, which leads to distrust by many market participants . Investors are losing money and trust.
In our time, a potential investor can not thoroughly analyze and select a prospective project, since there is no reliable and reliable source of information.It is inconvenient for investors to analyze and select projects, since each project has an unconventional description, while the number of projects is growing, and sometimes reaches dozens a day. It is impossible to compare projects, track events in the calendar, analyze road maps and social networks of all projects daily. It is still difficult and uncomfortable for a modern investor to purchase project tokens.
Registration of a crypto-currency purse and the exchange of a fiat currency for crypto assets is a barrier for beginners to participate in the project. Most projects do not offer the opportunity to buy their tokens directly in ordinary currency and in the usual ways accepted worldwide. This often repels many large investors.To buy tokens of several projects, you must register in each of the ICOs on your website and each time pass the identification of KYC. It’s not safe, it takes a long time.
How does the W12 platform work
The project representative registers on the project platformhttps://w12.io/en/ and fills in the required information about his start-up, prescribes the roadmap, conditions for the sale of tokens
The project chooses one of the following options:- Issue the ERC20 tokens independently and transfer part of these original tokens toW12 smart contracts. – Release of original tokens via the W12 platform. In this case, the project also retains the ability to independently sell part of its tokens through its own site or other resellers or the original project tokens are sold only through the W12 network.
The project transmits the original tokens to the W12 smart contract address. The project can transfer additional number of original tokens for sale on the W12 platform at any time during the sale of the tokens.
The intellectual contract gives the same number of protected W-tokens as the original quantity.
Tokens buyers transfer funds to a smart contract that sells W-Tokens.
(ABC-W) and fixes W-Tokens back to their wallet. The number of purchased protected W-tokens is determined based on the amount of funds transferred. Each project sets prices and discounts for its tokens. The project can set a discount depending on the date and amount of assets purchased. The price of protected W-tokens is always equal to the price of the original tokens.
The W12 Token ICO
The token is a utility token that is on the ERC20 standard making it easy for users to integrate it into their wallet. The token gives the users rights to become part of the W12 community. They will also have an opportunity to take part in closed events and invest in the projects that are on the platform. Additionally, the W12 tokens will be used in the smart ICO protocol to store the funds that are raised by the projects.
The token is valued at 1W12=0.000015 ETH. Acceptable forms of payment include BCH, ETH, BTC, LTC, XLM, ADA, and ETC. The available tokens will be 10 billion tokens, and 60% of the total tokens will be sold during the crowdsale that will be on 1st July 2018 to 31st July 2018.
Token info
- Token W12
- Platform Ethereum
- Type ERC20
- PreICO price1 W12 = 0.0002625 ETH
- Price in ICO1 W12 = 0.00035 ETH
Bonus
- Pre-sale 33-20%
- Crowdsale 15-0%
- Tokens for sale 240,000,000
Investment info
- Min. investment 1.5 ETH
- Accepting LTC, BTC, ETH
- Distributed in ICO 60%
- Hard cap 22500 ETH
Time:
Crowdsale
Beginning: July 27, 2018
End: September 27, 2018
Discount: 10% to 0%
Token value: 0.000315 ETH – 0.00035 ETH
Hard cap: 80 million tokens W12
The sum of fees: from 25200 ETH to 28000 ETH (depending on the discount)
In the Pre-sale and Crowd sale stages, the purchase price of the token is uniformly increased every day in accordance with the discount amount at the beginning and end of the stage. W12 reserves the right to offer a reduced price for the W12 token to long-term institutional and strategic tokens buyers.
ICO Market Development Vision
Despite the fact that the ICO market is growing so rapidly today, there is still no easy way to buy
tokens at the ICO stage of a project without significant risks. At the same time, the cost of raising
funds for projects is increasing; with considerable costs going to marketing, hiring consultants, and
financing technical assistance, which has a high negative impact on their implementation.
Roadmap
Quarter IV, 2017
Customer development, market research and project development Team meeting Platform architecture development Terms of Reference development and starting the marketplace development
Quarter I, 2018
The alpha version of the W12 marketplace Terms of Reference development and the W12 blockchain protocol prototype development +100 projects will be added to the W12 marketplace Creation of project rating system Creation of token buyer training scheme Creation of landing page for implementing the W12 crowdsale Company registration in Singapore Start creating the project community
Quarter II, 2018
Registering the W12 token buyers as White List participants Launching advertising and PR campaigns of marketplace and W12 token sale. Implementing the Pre-sale of W12 tokens Development of the W12 blockchain protocol for issuance and sale of project tokens (with a phased disbursement of funds): smart card templates for issuing tokens by projects DAO project fund with the possibility of voting by the token buyers web interface on W12 marketplace for projects to fill in the parameters of their crowdsale confirmation blockchain transations service (ETH, LTC, BCH, ETC, ADA, XLM) Testing of W12 marketplace. Start of assigning a project rating by the platform users Adding new features to the marketplace (Sandbox functionality, services and experts sections, bounty cabinet, further development of the Personal office) Creation and A/B testing of high-converting landing pages for token buyers and project registration on the platform Adding at least 300 projects to the marketplace
Quarter III, 2018
Lounching and conducting W12 crowdsale Listing the tokens on exchanges The W12 protocol additional features development: for selling tokens issued by projects outside the platform adding more cryptocurrencies to be used to buy project tokens automation tool to deploy smart contracts for the Ethereum blockchain Testing of the W12 blockchain protocol Audit of the W12 blockchain protocol Audit of the W12 platform security system Developing additional functionality of W12 marketplace, adding pay services for projects Start of developing mobile marketplace application on Android and iOS Launching the beta version of W12 marketplace Advertising and PR campaigns of W12 marketplace Architecture development and Terms of Reference development for an exchange Partner agreements with private experts and rating agencies for scoring the platform projects
Quarter IV, 2018
Launching the development of an exchange to provide liquidity and free token listing for the projects having completed the ICO on the W12 platform The first version of mobile marketplace application on Android and iOS Launching a fully functional W12 blockchain protocol Launching a service for buying ETH for fiat currencies (to further buy project tokens for ETH) Advertising and PR campaigns of marketplace and mobile application
Quarters I and II, 2019
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 PAMM accounts, adding new functions to the marketplace and the mobile application 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
Quarter III, 2019
Launching own exchange and platform for creating PAMM accounts (transfer of funds to trust management)
Team
For more information about investment projects, please visit:
- Website: https://tokensale.w12.io/?utm_source=bitcointalk
- Whitepaper: https://tokensale.w12.io/W12-en.pdf
- ANN: https://bitcointalk.org/index.php?topic=3220425
- Facebook: https://web.facebook.com/w12.io/?_rdc=1&_rdr
- Twitter: https://twitter.com/w12_io
- Telegram: https://t.me/W12BountyChat
Author of this article:
- Bitcointalk username: Dugari
- Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1194708