W12 - Creating Decentralized Infrastructure

aray80 (0)(1)in #w12 • 6 years ago

Hello everyone, in this new post I want to introduce the W12 project, and for more details let's just go to the following discussion:

What is W12?
W12 creates a decentralized infrastructure, where the parties in it do not need to trust each other

The protocol uses blockchain technology to ensure transparency and targeted transactions, smart contracts and oracle to ensure implementation control from the main stages of the project roadmap. The W12 solution also consists of a mechanism for administering DAO (Decentralized Autonomous Organization) and a platform that allows the project to raise funds through Token Sales, without being charged at the beginning and not requiring special technical expertise.

Smart contracts release funds to the project only if they reach their milestone

The main market for integration

ICO / STO
projections: 16 billion USD in 2018 (Utility Tokens)
CROWDFUNDING
projections: 50 billion USD in 2018 (Product Tokens)
CHARITY

projection: 733 billion USD in 2018 (Token Charity)
ICO / STO 16 billion USD
Crowdfunding 50 billion USD
Charity / Amal 733 billion USD
PROJECTION IN 2018

Market Validation

96.2% of ICOs in 2017 are too risky or scam
40% of the amount used to transfer and internal fees for charity staff Source: givingusa.org

Business model
We have a transaction model. Without the need for an initial fee for the project.

The more W12 tokens used for transactions, the smaller the commission

The amount of the commission is based on the market where it is integrated and the project arrangement. Please refer to the W12 Whitepaper for more information.

What problems did we solve?
SCAM or fraud; High risk from sending funds to the project at an early stage;

Lack of mechanisms to protect investors in ICOs and participants in charitable fundraising projects Lack of transparency and high costs of implementing charitable fundraising projects.

MVP is ready!

The Early pre-sale: done
Soft cap reached
Hard cap: 22,500 ETH
The token sale is live!

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.

All tokens not sold during the token sale will be burned forever. Tokens allocated to the team, founders and advisers are frozen by a smart contract for 2 years.

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.

W12 token distribution