pekka02

6 лет назад

W12 BLOCKCHAIN PROTOCOL

alt text
W12 is creating a decentralized infrastructure in which parties do not need to trust each other.

"It is a known fact in the cryptosphere that blockchain adds trust to peer to peer networks. Instead of relying on banks and 3rd parties to hold, manage, and settle our money, we now have a trustless environment. The keyword there is trustless, meaning that no one entity needs to be trusted entirely. These peer to peer networks are decentralized by design, made up of nodes who are individuals that must agree on the most current state of transactions. Put simply, the blockchain represents a transaction ledger that is agreed upon by a majority of nodes on the network. It is a trusted ledger."

The blockchain is responsible for three main functions:

Validating the order of transactions by achieving consensus
Ensuring no double spend attacks can occur
Adding security to the network by keeping it decentralized.

W12 is bent on creating an environment and decentralized infrastructure, where trust between the parties, which are not necessary in any type of transaction, and all disputable issues can be resolved quickly, transparently and rightfully.

Please check out the video provided below to get more familiar:

W12.

As said earlier, 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.

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.

The Mission

To create an environment and decentralized infrastructure, where trust between the parties, which are not necessary in any type of transaction, and all disputable issues can be resolved quickly, transparently and rightfully.

The Vision

To become the largest global platform that will change the established centralized ways of raising funds, which are currently limited to geographic and political frameworks. Provide every investor in the world with a decentralized solution that will create a global world future.

The Problems:

SCAM or fraud;
High risks of transferring funds to projects at the early stage;
The lack of a mechanism for protecting crowd ICO investors and participants in charitable projects;
Lack of transparency and high costs when implementing charitable projects.

alt text

The Solution:

They have built smart contracts that release ICO funds to the project only following the decision of its token buyers once the project meets its milestones.

This solution improves returns, because it is protects token buyers from around 96% of projects that never reach any milestones.

alt text

The Advantages:

Enhances the yield of the initial phase of the project investment more than ten times through the purchase of tokens and reduce risk for investors.
Returns up to 95% of funds invested in unrealized projects to investors.
Provides the possibility to limit the sale of tokens by investors at the initial stage of the exchange immediately after the
ICO to prevent the decline in the price of the token (when the project activates the Token Hold function).
Simplify the choice of private investor projects and transfer 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.

How does it work?

alt text
Token Distribution:

Token lockup period;

The tokens are frozen by a smart contract for 2 years with the possibility of issuing no more than 1/3 of this per year to:

Team, advisers, founders
Reserve fund
Early long-term investors

Token Price:

1 W12 = 0,00035 ETH. Discounts apply depending on the date of purchase.

Accepted forms of payment:

ETH, LTC, BTC

Token Transfer:

W12 tokens will be transferred to customers through a smart contract after the end of each ICO stage. You can view the received tokens and confirmations of transactions in your account immediately after purchase.

Token Emission:

Limited to 400 million tokens. Neither mining, nor any other method that allows for an increase in the number of W12 tokens can be applied.

Hard Cap:

The Hard cap is set in the number of tokens on each round of the token sale

Crowd sale:

Start;

November 1, 2018 (15:00 Greenwich Mean Time Zone)

End date;

December 12, 2018 or when hard cap is reached (whichever is earliest)

Token Price:

0,00035 ETH

alt text
Token Details:

Token - W12

Platform - Ethereum

Type - ERC20

PreICO price - 1 W12 = 0.0002625 ETH

Price in ICO - 1 W12 = 0.00035 ETH

Bonus details:

Pre-sale 33-20%

Crowdsale 15-0%

Tokens for sale 240,000,000

Investment Details:

Min. investment 1.5 ETH

Accepting LTC, BTC, ETH

Distributed in ICO 60%

Hard cap 22500 ETH

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:

Q4, 2017

Customer development, market research and project development.
Team meeting.
Platform architecture development.
Terms of Reference development and starting the marketplace development.

Q1, 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.

Q2, 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.

Q2, 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.

Q4, 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.

Q1 & Q2, 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.