W12 – Blockchain protocol

Project website
https://tokensale.w12.io/?utm_source=bounty&utm_medium=bitcointalk&utm_campaign=youtube

In few words, W12 blockchain protocol can be used for creating of DAO, and following is abstract from their project whitepaper https://tokensale.w12.io/W12-en.pdf:
W12 is an open protocol for creation various types of DAOs. The protocol consists of smart contracts, the DAO management mechanism, and a decentralized oracle network that control the execution of the milestones in project roadmap. This solution protects users from intentional SCAM or unintentional failure of projects, reduce risks and expenses, create transparency and trust between projects and token buyers.
The fundraising campaign can be of any type: Charity and Social projects, ICO (utility and security), Crowdfunding and any other crowd sourced fundraising and governance. W12 is creating a decentralized infrastructure in which trust between the parties is not required and any disputes can be resolved quickly, transparently and at minimum costs.
The W12 protocol is designed to be easily integrated into any existing business or solution. In addition, W12 provides its own platform for selling tokens with a user-friendly interface, through which projects can easily attract funds using the platform protocol.
W12 is an answer to following problematic situations, recognized in work process with crowdsourcing:

• SCAM – extremely high level of Scam in ICO, more than 80%;
• Low success rate of startups in early investment stage;
• Trust level between fundraisers and investors;
• Imperfections in utility and security models;
• Centralized control over fund use and distribution.
  The W12 solution includes:
• The W12 protocol for creation peer-to-peer digital contracts;
• Digital contracts templates;
• The W12 decentralized oracle network;
• The voting and decision-making mechanism;
• The algorithm for digital contract execution;
• Utility token sale platform;
• Charity campaign platform;
• Security token sale platform with legal framework in development;
• The mechanism for diversification of funds into other crypto-currencies and their lock up in smart contracts according to project choice
  System algorithm support different project types:
• Type 1 – where execution of milestones in digital contracts is confirmed by token buyers;
• Type 2 – where execution of milestones in digital contracts is confirmed by independent oracles from W12 network;
• Type 3 – where execution of milestones in digital contracts is confirmed by 51% of token buyers;
  Main advantage of token sale deployed through W12 solution are following – flexibility, trust and transparency.
  Oracles defined in previous point are reputable persons from different areas (lawyers, notaries, financial advisors and others) who transmits verified information from the external world to the blockchain and act to confirm the execution of scenarios programmed in to smart contracts. Oracle personal area, that will be visible in W12, will display his/her rating and the quantity and quality of their decisions.
  W12 is commission-based service. While projects acquire funds via our platform W12 charges from:
• 0-10% for ICO deployed on W12;
• 0 – 5% for Charity projects deployed on W12 blockchain;
• 0,5% W12 protocol use commission.
  W12 token is a backup token for the W12 digital contracts, and it is used to store the funds raised by projects.

More details regarding W12 advantages in ICO market could be find in whitepaper https://tokensale.w12.io/W12-en.pdf and on the website.

Author: https://bitcointalk.org/index.php?action=profile;u=1573369