W12 – AN INNOVATIVE AND REVOLUTIONARY PROTOCOL FOR DEVELOPING DECENTRALIZED BLOCKCHAIN APPLICATIONS

OVERVIEW:

Beneath every blockchain platform and decentralized application oracle interface lies a host of several protocols that not only give them their uniqueness, but also play a fundamental role in their operational efficiency. For every project, there is usually an attempt to generate the funds to drive them. These come in the form of coin offers and fund raising ventures of various kinds.

PROBLEMS THAT ABOUND WITH MARKET FUNDING VENTURES
RISK OF FRAUD: There’s always that fear at the back of the minds of investor whether a product is truly genuine or just an avenue to rob the unsuspecting public of their hard earned funds. Unfortunately, there is hardly any means to ascertain this or verify the veritability of projects that are carrying out crowdsourcing ventures. Hence, investors would have no choice but to carefully and fearfully walk into projects with their hearts in their mouths.
HIGH FAILURE RATE OF PROJECTS: While every project is designed and deployed with the desire for them to succeed in the minds of the authors, this isn’t always the case. In fact, there is sadly a high rate of failure being experienced with launched blockchain projects. This is quite appalling, as this only implies that the sustainability of the blockchain network is being threatened.

LACK OF TRUST: During crowdsourcing, we usually have two parties involved: the raisers of the funds and the party giving the said funds. The case today that is prevalent amongst several instances is that the givers fail to trust the fundraisers, thus making them cast aspersions as to the intentions they might be harboring for the funds being raised. In the event of a minor disagreement or dispute, settlement becomes an issue as both parties lack the minimal required trust for one another.
THE CENTRALIZATION FACTOR: Despite the wave of decentralization, the control of the use of the fund being donated is still largely under the influence of a centralized system of operation. Hence we see a few selected group of persons who monopolize the control of the funds amongst themselves. This is in sharp contrast to the mantra of the blockchain that is made more pronounced via the word “ Disruption Through Maximal Distribution Of Control And True Decentralization”.

THE SOLUTION FROM THE W12 PROTOCOL
Having outlined these problems, the next would be to find out what are the viable solutions being proffered by the project in question. The w12 protoco is making its entry with a value proposition positioned to provide critical solutions. However, in noting this, we must realize the fact that the W12 project is not a platform per-se, but rather a protocol that platforms can run on or be deployed upon. It is a foundational carpet that blockchain project platforms could be placed on.
Taking a cursory look at some of the result-oriented solutions proffered by this protocol affording platforms shows that it enables platform to effectively carry out crowd sourcing programmes. And it implements a decentralized control that ensures control of funds which is not restricted to a select centralized few. It is an oracle network that helps projects carry out lots of activities such as helping to establish ample trust between the parties needing funds and the fund donors, elimination of all centralized biased that formerly existed when handling the control of the funding of the projects. When funds are to be transferred between parties, the w12 protocol ensures it is carried out efficiently and over a very secure network pathway.

THE W12 TOKENOMICS
For all contracts that would be carried out on platforms using the w12 protocol, the w12 token would be employed. It is of the Ethereum ERC20 type and has an ETHER equivalent of 0.00035. When payments on the platforms are to be carried out, the tokens would move from customer to customer following due confirmation of transaction success. All these are done with the help of the smart contracts.

W12 CURRENT DISTRIBUTION VOLUME:
W12 Token Sale: 60%
Team, Advisers, Founders: 15%
Reserve: 15%
Early Long Term Investors: 5%
Integration With Partners: 2%
Bounty and Ecosystem Maintenance: 2%
Airdrop 1%

THE W12 TEAM

The W12 team comprises of vastly experienced professionals with proven track record in the digital and Blockchain technology. These group of individuals have undoubtedly contributed immensely to piloting this project to to an enviable height.

CONCLUSION
If trust isn’t reintroduced into the market, we might likely see a continuous reduction in the availability of willing investors and donors within the blockchain community. This is while it is essential to have the W12 protocol deployed and integrated within platforms so as to instill the trust that the system once enjoyed.

For more insight into the W12 revolutionary project, please click on the links below:
Website: https://tokensale.w12.io/
WhitePaper: https://tokensale.w12.io/W12-en.pdf
Github: https://github.com/w12-platform
YellowPaper: https://tokensale.w12.io/W12-yellowpaper-en.pdf
Bitcointalk Ann Thread: https://bitcointalk.org/index.php?topic=3220425.new#new
LinkedIn: https://www.linkedin.com/company/w12io/
Medium: https://medium.com/@w12_io
Reddit: https://www.reddit.com/user/W12io/
Twitter: https://twitter.com/w12_io
Facebook: https://www.facebook.com/w12.io/
For Enquiries: [email protected]

Author’s Bitcointalk Username: Jannyh
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1883625