W12 - Smart contract technology for business
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Hello everyone, I will introduce Project W12 and to know more about the Benefits of W12, Here's the Review:
W12 is the winner of the World Blockchain Forum competition, New York, taking first place.
W12 is an open source framework built on top of the Ethereum blockchain, making the execution of milestone based smart contracts faster, cheaper and transparent. We built smart contracts that release funds to projects only when they meets their specific milestones. This solution improves investor returns, because it protects token buyers from the 96% of ICO’s that never make it. The execution of smart contracts is confirmed by 12 independent oracles on the W12 network. We are also building the same framework on top of other blockchains too, such as EOS, Cardano, etc.
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The W12 vision: to become the largest global platform that will change the established centralized ways of attracting financing by companies, which is currently limited by geographic and political frameworks, and will provide every investor in the world the change to help build a global world future.
The W12 mission: to make investing in companies as simple, safe and profitable for investors as possible, and to provide an environment for projects where the path from concept to profitable business would be as short and simple as possible.
Here, The project can issue tokens independently and sell only part of its tokens using the W12 protected model via the W12 platform. This will allow the W12 platform to quickly cooperate with the large number of projects that carrying out their ICO, helping to quickly occupy a large market share
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How it works
- The project creates its road map on the W12 platform, and sets the settings for the number and % of funds required for each stage.
- The project releases its simple ICO tokens on the W12 platform or transfers part of the emission of its simple ICO tokens to be released independently via the smart contract of the W12 platform.
- The W12 blockchain protocol issues secured project tokens in equal number to the amount of simple ICO tokens it has received.
- W12 platform users can buy secured tokens of ICO projects they like. All secured ICO tokens are backed by token buyer funds.
- All funds raised are locked-up in a smart contract and will be released to the project only following the decision of token buyers once it has completed its road map milestones.
- After purchasing secured ICO project tokens, the user can: exchange them for simple ICO project tokens via the W12 token-changer and sell them on the listed exchange.
- Receive a refund if the project fails to reach any of its road map milestones, or if the token price drops lower than its ICO level
The W12 token is used for storage of funds raised by projects on the platform. Projects independently choose which cryptocurrency raised funds will be stored in. The more W12 tokens used to store funds the lower the platform commission the project pays. By offering a high proportion of secured tokens, projects have a better chance of raising their required funds.
The W12 token can be used for storage of funds raised in any cryptocurrency, as our platform automatically uses exchanges to convert any accepted cryptocurrency into W12 tokens. For example; If token buyers send 40% Ether, 30% Bitcoin and 30% Litecoin, 40% Bitcoin and 40% W12 tokens, then our system will automatically convert these funds using an exchange. The more secured tokens sold on our platform, the more W12 tokens will be purchased from exchange for storage of these funds.
W12 tokens allow users to buy the tokens of any ICO project listed on the W12 platform W12 tokens are used as payment for services on the platform.
Advantages of participating in the W12 ICO
Participate in W12 pre-sale and receive premium expert account for free during 2 years
Expert premium account granting you access to hundreds of other projects that launch their ICOs on the W12 platform. You can receive ICOs tokens for the ICO review on the W12 platform. 50% of token commission received from each applicable ICO will be distributed to the experts account holders.
Terms and conditions for additional bonuses:
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Premium account holders also receive access to the private pre-sales of ICO projects using the W12 platform and can participate in the W12 Foundation.
These advantages are not provided if users purchase W12 tokens on an exchange or from any other third-party resources.
W12 token distribution
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Token lockup period:
Tokens 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 accrued tokens and confirmation of the transaction 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
Pre-sale:
20 million tokens (5,000 ETH)
Crowdsale:
80 million tokens (25,000 ETH)
Timing
All token sale rounds start at 12:00 p.m. UTC+0.
Pre-sale
- Start:May 20, 2018
- End date:July 20, 2018
- Discount:25-15%
- Token price:0,0002625 ETH - 0,0002975 ETH
- Hard cap:20 million W12 tokens
- Amount of fees:5250 ETH - 5950 ETH (depending on the discount)
Crowd-sale
- Start: July 27, 2018
- End date:September 27, 2018
- Discount:10-0%
- Token price:0,000315 ETH - 0,00035 ETH
- Hard cap:80 million W12 tokens
- Amount of fees:25,000 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.
Token Sale
Start: From November 1, 2018
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.
Up here Explanation from me and to avoid all forms of Fraud please find accurate and reliable information or visit the Link I provide below:
WEBSITE:https://www.w12.io/
WHITEPAPER:https://tokensale.w12.io/W12-en.pdf
ANN THREAD:https://bitcointalk.org/index.php?topic=3220425.new#new
FACEBOOK:https://www.facebook.com/w12.io/
TWITTER:https://twitter.com/w12_io
MEDIUM:https://medium.com/@w12_io
REDDIT:https://www.reddit.com/user/W12io/
GITHUB:https://github.com/w12-platform
Username:Sadum
Link to Bitcointalk Profile:https://bitcointalk.org/index.php?action=profile;u=1393441
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