ICO W12. Solution of the problem of scam ICO projects

The creators of W12 intend to make their project the largest decentralized solution for conducting financial operations based on blocking technology. The main mission of the project is to modernize the traditional financial market by digitizing it, and provide the infrastructure for creating and developing projects based on block chain technology.

Existing problem

The main problem of the traditional economic system is that the parties do not trust each other. To make payments and solve problems, they are forced to resort to state and other institutions. The current system is characterized by slowness, high cost and low transparency.

Decision

Developers of the W12 platform intend to create a decentralized infrastructure in the field of blockade technology, where trust between the parties will no longer be required. All disputes will be resolved quickly, simply and, most importantly, free of charge. The state will no longer influence the adoption of consensus - instead it will be done by smart contracts.The creators of W12 are going to use the technology created by them on the ICO market, which incurs huge losses due to lack of trust between buyers of tokens and developers of projects. Investors who participate in the ICO and invest in projects in the early stages, bear significant risks. According to the statistics of one of the latest studies, more than 81% of projects on the network can be fraudulent. According to the same research, only 3.8% of them successfully function in real life.W12 proposes to make all financial transactions based on W12 smart contracts that do not require trust between the buyer and the seller. As a result, the developers of a project receive the investor's funds only after fulfilling their obligations to it. The list of obligations is prescribed in the road map. The W12 project destroys the wall of mistrust between people and opens up huge opportunities for development projects and companies through financial support. This scheme protects investors from scam projects that do not bear any obligations to their depositors and are created solely for profit.

Description and functions

W12 allows its users to conclude any contracts in the field of technology blocking, not knowing how to program. The decentralized network transmits the verified information from the outside world to the block chain and confirms the successful execution of the scenarios stipulated in the smart contracts.

Technological solutions W12 include:

a block network based on the adoption of consensus;
digital contracts W12;
mechanism of voting and automatic decision-making;
algorithm for signing digital contracts;
a platform for selling tokens;
mechanism for diversifying funds from one crypto-currency to another and blocking them if necessary (based on the results of the audit).

Benefits

The W12 platform offers its users the following advantages:

Transparency. The number of W12 tokens in circulation always corresponds to the number of standard standby ICO project tokens. Developers W12 intend to provide their users with open source code, through which they can independently check the ratio of tokens. All data on the number of tokens will be published daily on the official website of the project. Regular professional audit is an integral part of W12 operation.
Automation. All smart contracts are fully automated. Their placement does not require special technical knowledge.
Absence of initial costs. To attract investors through W12, project developers do not have to invest.
No restrictions on how to raise funds. Projects will be able to use W12 tokens as an additional source of financing and attract new investors outside the platform in any way they can.

What if all projects will use W12

In case if all projects will be based on W12, it will increase the number of good-quality ICO without scam. There will be no point to do something wrong or bad because in any case customer’s money will be on smart-contract. So, with the help of W12 it is possible to stimulate blockchain world for better results. It is a kind of effective treatment for the popular industry.

Following 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

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