W12.io - Blockchain Protocol

W12.io - Blockchain Protocol

The development of this era triggers all circles to innovate in the Blockchain world. They are competing to create new things to make an Application that can be accepted by all people. One of the most interesting applications of blockchain technology is the creation of cryptocurrency, for example, Bitcoin. Efforts to create nonlinear currencies long before the advent of blockchain technology, but they have publishers and need to trust these funds; Therefore, they are not widely used.

ICO market volume shows rapid growth. According to ICO data in 2017, the ICO project attracted $ 6 billion and $ 94 million in 2016 (the amount not including $ 168 million collected by the DAO crowd). The ICO provides an opportunity to invest in new ideas and products and raise funds to execute from tens of thousands of investors from anywhere in the world. According to Coindesk, the volume of capital mobilized from the blockchain market through the ICO exceeds venture capital investment in blockchain related projects. ICO fundraising models have clear advantages compared to traditional capital and community capital mobilization, which is the liquidity of tokens purchased in return for investment and financial gain.

At the same time, the cost of raising capital for projects increases; Significant costs for marketing, consulting and technical support from ICOs have a high negative impact on their performance. One of the main ideas of the blockchain philosophy is that it is about building trust between entities through smart contracts and eliminating intermediaries. However, the relationship between ICO projects and investors is still not accurate. We set out to create blockchain-based infrastructure solutions for the decentralization of capital throughout the world. W12 technology will create trust between the project and the investor, will not ignore the project but increase profits, reduce risk for investors and create opportunities for thousands of talented entrepreneurs from anywhere in the world to recognize their projects.

Now we will explain about the W12 project and the way it works and the functions of this W12 Application.

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.

Smart contracts release funds to any project only when they meet their milestones

How it works

• 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.
• 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.

W12 Token Economy

• The W12 token is standard for funding projects via W12 protocol and decentralized organizations
• W12 tokens allow users to buy the tokens of any project listed on the W12 platform;
• The token will be used as fuel in the decentralized oracle network;

Advantages for participating in the W12 ICO When purchasing tokens during the ICO, you get a premium expert account, which grants you the ability to receive tokens from hundreds of other ICO projects that have launched their ICOs on the W12 Platform.

Accounts are valid for 2 years. After this period, it will be possible to prolong the premium membership. 50% of the commission paid in each project's tokens for holding their ICOs on the platform will be distributed among premium accounts. In order to receive tokens from ICO projects, premium account holders must rate the project in their personal accounts on the W12 Platform.

The table shows the total number of premium accounts available. If there are no more available premium accounts in any category, the corresponding column will not be shown in the table The number of tokens you receive changes depending on the account level. For example, having a Gold account grants you the right to receive 10 times more tokens than a Bronze account.

Terms and conditions for additional bonuses

Token distribution

Token Detail

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. 

For More Information :

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Author : Ajad_Arsy