W12.io - Blockchain Protocol

W12.io - Blockchain Protocol | Ecency

About 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 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.

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.

W12 vision is to become the most significant global platform that would change the established centralized project fundraising ways limited to geographical and political frameworks and would give private investors access to the creation of projects based on the new millennium digital economy and to the building of a global future.

W12 Platform Functionality

The W12 platform will be made of the layers below:

A project marketplace where entrepreneurs can test and improve their project ideas. The investors get to choose the best project to invest in and follow the project’s progress on the roadmaps. Experts can also earn project tokens by helping the projects implement their roadmap stages.
Content and user reward system. This is a platform where users get to give their feedback on any project on the platform and vote for the ones they want to continue getting funding. In return, they will be rewarded with personal ratings and tokens.
A decentralized exchange where projects on the platform will be added to the internal exchange after the token sale.
PAMM accounts that can be created by managers to attract investor’s funds.

W12 Protocol Advantages

W12 allows projects to quickly attract financing without initial costs or any special technical expertise.
W12 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) .
W12 refunds up to 95% of funds invested in unrealized project to investors.
W12 creates infrastructure for the decentralization of capital and establishes a new standard for safe investment in projects.
On the W12 platform, the sale of tokens can be launched free of charge in one click; the project does not need to develop a smart contract and a personal account independently.

W12 Token

W12 is a utility token, the internal currency of the W12 platform on the ERC20 standard, which makes it easy to integrate into user wallets. Operations performed with the token on the platform are recorded to the block account by using smart contracts.

The value of the W12 token does not depend on the volatility of other currencies. The value of W12 is determined solely by the balance of supply and demand. The more successful high-quality projects on the W12 platform, the greater the demand for a token.

Token Information

Token: W12
Platform: Ethereum
Type: ERC20
Total Token Supply: 400,000,000
Tokens for sale: 240,000,000
Accepting: LTC, BTC, ETH
Price in ICO 1 W12 = 0.00035 ETH
Min. investment: 1.5 ETH
Soft cap: 3,000 ETH (complete)
Hard cap: 22,500 ETH

Token distribution

60% - W12 Crowdsale
15% - Team, advisers, founders
15% - Reserve fund
5% - Early long-term investors
2% - Integration with partners
2% - Bounty & ecosystem maintenance
1% - Airdrop