What is W12 Project?

What is W12 Project?

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.

Blockchain protocol W12 - is an open protocol for creation and execution of milestone based smart contracts. The protocol consists of smart contract templates (no programming skills required), DAO governance and a decentralized oracles network, that controls execution of the project roadmap. Such solution protects any fund contributor from intentional SCAM and unintentional failure, consequently brings trust and transparency between projects and token buyers. The fundraising campaign may be of any type: Charity, ICO – both utility and security, Crowdfunding and any other crowd sourced fundraise and governance. Fundraisers set up a DAO, publish a roadmap and work in according to it. The Oracles or community of token buyers check if the campaign is reaching the milestones and release funds in tranches, only when the milestones are met. The W12 protocol is designed to be easily integrated into any existing business, platform or organization. Inside of W12 ecosystem any of the parties can easily set up a DAO of the required type: contributor, receiver, fund or supplier. In addition, W12 provides a token sale platform, through which projects can sell their tokens and easily launch fundraising campaigns based on the W12 protocol.

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 building a global world future.

KeyW12 advantages:

Enhances early-stage project investment yield more than tenfold through the purchase of tokens and reduces risks for investors. 

Refunds up to 95% of funds invested in unrealized project to investors.

Provides the possibility of limiting the sale of tokens by early-stage investors on exchanges immediately after an ICO to prevent token price drops (when the project activates the Token Hold function).

Simplifies the private investors’ choice of projects and the transfer of funds to trust management professionals. 

Allows projects to quickly attract financing without initial costs or any special technical expertise. 

Creates infrastructure for the decentralization of capital and establishes a new standard for safe investment in projects.

Description and functions of the platform:

As we have already understood that the W12 platform allows its users to conclude contracts in the field of blocking technology, without having to be able to program. The network transmits already verified information from the outside world to the block chain and certifies the successful execution of scenarios provided for by smart contracts.

According to experts, this project in the near future will reach a high level of the global platform, which is able to radically change all the tools for raising funds.

Technological solutions:

• digital contract;
• Transferring funds from one crypto currency to another;
• block network;
• Motivational system;
• Exchange. Totally decentralized and available from the moment of adding projects to internal exchange.

Platform Advantages

The platform offers the following advantages:

• Increases yield by 10 times;
• It enables rapid attraction of funds for the project without technical expertise and other initial financial injections;
• Organizes all relevant infrastructure;
• Absence of the first costs. Now, to attract investors through the platform, developers do not have to invest;
• Automation;
• Transparency. Creators will provide users with open source code, thus they can check the ratio of tokens themselves. - - All data will be updated on the official website of the project.
• Attracted funds are not allocated immediately, but through tranches.
• If there are deviations from the roadmap, investors can decide whether or not to allocate investments in the project, or return the remaining funds to depositors.

How Does W12 Work?

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

• The project fills the roadmap on the W12 platform, sets the settings for the amount and % of funds required for each stage.
• 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.
• The W12 blockchain protocol produces ABC-W tokens in the amount of ABC tokens received.
• Users transfer funds to smart-contract address and receive ABC-W tokens.
• The funds are stored in the project DAO fund (smart contract) and are issued to the project to implement the roadmap stages.
• 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.

Team:

Advisors:

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

Launching 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.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.

Quarter III, 2019

Launching own exchange and platform for creating PAMM accounts (transfer of funds to trust management).

Token Sales Detail:

Token: W12

PreICO Price: 1 W12 = 0.0002625 ETH

Price: 1 W12 = 0.00035 ETH

Bonus: Available

Bounty: Available

MVP/Prototype: Available

Platform: Ethereum

Accepting: LTC, BTC, ETH

Minimum investment: 1.5 ETH

Hard cap: 22500 ETH

Country: Singapore

Whitelist/KYC: KYC & Whitelist

Restricted areas: USA

For more information:

WEBSITE: https://tokensale.w12.io

TELEGRAM: https://t.me/w12io

WHITEPAPER: https://tokensale.w12.io/W12-en.pdf

ANN THREAD: https://bitcointalk.org/index.php?topic=3220425.0

FACEBOOK: https://www.facebook.com/w12.io/

TWITTER: https://www.facebook.com/w12.io/

REDDIT: https://www.reddit.com/user/W12io/

MEDIUM: https://medium.com/@w12_io

LINKEDIN: https://www.linkedin.com/company/w12io/

GITHUB: https://github.com/w12-platform

Author: tinhkhuat

Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1885373