Introduction to a Decentralized Protocol Creation DAO Platform “W12”

Okorie Daniel Nwokedi

As wider spread acceptance of Blockchain technology and Crypto-Currencies are now taking over the world, it only wise for one to hop on, on the train Blockchain technology and cryptocurrencies, and ride along. However, this is not just something to hop on without having an in-depth knowledge of what it is and how it works. When something is in rage, the best option is to understand it before you join. What exactly is this Blockchain technology driven Crypto-Currency platform called W12 all about? How does it work? How will i profit from it? With this article, all these questions and more will be answered keep reading.

What is W12 Platform?

W12 is Blockchain technology based open protocol for creation of 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 protocol solution protects users from intentional SCAM or unintentional failure of projects, reduce risks and expenses, create transparency and trust between projects and token buyers.

On the other hand W12 creating a decentralized infrastructure in which trust between the parties is not required and any disputes can be resolved quickly, transparently and at minimum costs.

The W12 protocol is designed in a way that it can be easily integrated into any existing business or solution. W12 provides its own tokens selling platform with user-friendly interface, through which projects can easily attract funds using the platform protocol.

W12 Mission:

The mission of W12 is 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:

The vision of W12 is 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 for every investor in the world a decentralized solution that will build a global world future.

W12 Oracle Network

These are reputable persons from different areas (lawyers, notaries, financial advisors and others) who transmits and verified information from the external world to the blockchain and act to confirm the execution of scenarios programmed in to smart contracts.

Current crowdsource market problems:

SCAM

The level of fraud in ICO is extremely high and goes up to 81%

https://news.bitcoin.com/80-of-icos-are-scams-only-8-reach-an-exchange/

Low survivability rate of startups at early investment stages

The average survivability rate in the VC market and ICO’s is less than 30%

https://www.entrepreneur.com/article/288769

Absence of trust between fundraisers and fund givers

Utility and Security model imperfections

Both Utility and Security tokens lie on a set of rules that define them.

Centralized control over fund use and distribution

W12 Protocol solution to the above problems:

W12 allows anyone to build (no programing required) smart contracts with

A decentralized oracle network developed to confirm the execution of project milestones

Secure and transparent transfer of funds to the other party

The W12 protocol for creation peer-to-peer digital contracts

Digital contracts templates

The W12 decentralized oracle network

The voting and decision-making mechanism

The algorithm for digital contract execution

Utility token sale platform

Charity campaign platform

Security token sale platform (legal framework in development);

The mechanism for diversification of funds into other crypto-currencies and their lock up in smart contracts according to project choice

W12 Token Information

General

Token name: <==> W12 Token

Token symbol: <==> W12

Token owner: <==> W12 Pte. Ltd.

Token type: <==> Ethereum ERC20

Token price: <==> 1 W12 = 0.00035 ETH. Discounts apply depending on the date of purchase.

Accepted form of payment: <==>ETH, LTC, BTC, BCH, ETC, ADA, XLM

Token transfer: <==> In the case of payment through a smart contract, W12 tokens will be transferred to customers immediately after receiving a confirmation of payment. If the payment is not made through a smart contract, the tokens will be distributed after the pre-sale and crowd sale stages.

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.