W12.io - Blockchain Protocol
Hello Golos community, on this occasion I would like to introduce the W12 Project and to find out more about the benefits of the W12 Project, stay here until the end!
What is W12?
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.
So if you can build product and technology with additional value and high level of impact, you can launch ICO in the W12 platform and raise funds in a matter of hours from any place of the planet.
Problems we solve:
- High risks of losing funds in an early stage of ICO investments.
We offer an entirely new model for allocating funds to projects. For each ICO project on the platform, we create special W-tokens that backed by funds of token-buyers. W-tokens can be exchanged at any time for the simple ICO project tokens or used to return unspent funds according to the project’s roadmap.
W12 mission is to minimize risks and increase the profitability of investing in projects at the initial stage globally. In its turn, the W12 platform provides projects with the opportunity of raising funds at no costs and without special technical expertise by creating an environment for projects in which the path from an idea to a profitable business would be as short as possible.
- 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.
W12 Token Economy
The W12 token is standard for funding projects via W12 protocol and decentralized organizations, Projects independently choose in which cryptocurrency the raised funds will be stored in. The more W12 tokens are used, the lower the service commission the project pays;
For example: if project funding is not less than 50% in W12 tokens — the commission is 0/30% — the commission is 6%/0% — the commission is 10%;
- 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;
W12 tokens are used to reward oracles. Oracles will need W12 tokens in staсks to confirm transaction in network and the execution of milestones and receive rewards from the 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
Premium account holders also receive access to the private Presales of ICO projects using the W12 platform and can participate in the W12 Foundation.
Current distribution volume
- W12 token sale:60%
- Team, Advisors, Founders:15%
- Reserve Fund:15%
- Early long-term investors:5%
- Integration with partners:2%
- Bounty and Ecosystem maintenance:2%
Hard cap: 22,500 ETH
Soft cap: 3,000 ETH (complete)
Cost of 1 W12 Token: 0.00035 ETH
Know Your Customer (KYC): yes
Min Personal Cap: 1.5 ETH (or equivalent)
Token type: Ethereum ERC20
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
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.
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.
The Hard cap is set in the number of tokens on each round of the token sale
All token sale rounds start at 12:00 p.m. UTC+0.
Start: May 20, 2018End date:
July 20, 2018 or when hard cap is reached (whichever is earliest)
Token price: 0,0002625 ETH - 0,0002975 ETH
Hard cap: 3,000 ETH
Start: August 1, 2018
October 15, 2018 or when hard cap is reached (whichever is earliest)
Token price:0.0002975 ETH - 0.0003325 ETH
Hard cap:14,500 ETH
Start:November 1, 2018
December 12, 2018 or when hard cap is reached (whichever is earliest)
Token price:0,00035 ETH
Hard cap:5,000 ETH
At the Pre-Sale and Crowdsale stages, the purchase price of a token is uniformly increased daily and corresponds to the discount amount at the beginning and end of a stage. W12 reserves the right to offer a reduced price for W12 tokens to long-term institutional and strategic token buyers.
Long TailStart: From February 15, 2019
Every day a smart contract will produce and sell 140,000 tokens (0.035% of the total issue) for 1,000 days. The token value during the token sale will be determined using the formula Price = K / 140,000, where K = the amount of funds transferred to the smart contract per day. The token sale is conducted to ensure that the W12 platform and the W12 blockchain protocol functions correctly, so as to exclude situations where there are no W12 token sellers, or a token’s value rises to infinity, or when the maximum number of private investors are attracted to the platform.
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