Overview of the W12 project

kennike1986 (1)(1)in #crypto • 6 years ago

About W12

The mission of W12 is to minimize the risk and increase the profitability of investing in first phase projects around the globe. The W12 platform, in turn, provides projects with the opportunity to raise funds for free and without special technical expertise by creating environments for projects in which the path from ideas to a business Profits will be as short as possible. The W12's vision is to become the most important global platform that will change the project's fundraising focus on the political and geographic framework and will allow private investors access to the creation of projects. based on the digital economy of the new millennium and future global construction.

Classification, Blockchain, Electronic Money and ICO
Blockchain technology (ledger) gives people unprecedented opportunities for economic development:

Eliminates the need to trust one of the parties;

Data hierarchy;
Protection of digital assets;
Do not go with intermediaries;
Process automation and cost reduction; and
Facilitate the implementation of smart contracts.

One of the most exciting applications of blockchain technology is the creation of cryptocurrencies, for example, Bitcoin. Efforts to create nonlinear currencies were long before the advent of blockchain technology, but they had an issuer and needed to trust it funds; Therefore, they are not widely used.

Unlike traditional 'focus' currencies, electronic money has become popular because:

They are limited to emissions (guaranteed by blockchain technology)
They are password protected. They can not be limited to their revenue
All transfers are recorded in an open register, and everyone can see the flow of funds.

Model of financial attraction through ICO It was invented by developers, who needed resources to create electronic money. They have sold some of the money that has not been made to many people and has spent the money to develop it. In terms of attracting a large number of investors, it is reminiscent of an IPO (hence the first public offering), hence the name. The term "ICO" now refers to the sale of token (digital asset guaranteed by encryption) for the purpose of raising funds for the project. Most of the tokens are currently being released on Ethereum (a platform for creating blockchainbased online services using smart contracts). The Ethereal platform makes it possible to create a smart contract that will release tags using any necessary logic. The token can be:

Confidentiality (e.g., share or bond) is equivalent to a product token (providing the right to exchange a token for a product or service).
Product Token (give a party to exchange a token for a product or service)
Token utilities (functions in the system)
Electronic money (means of payment)

Generally, the issuance of tokens is restricted and they are "tied" to one of the project parameters (eg, profit). As the value of this parameter increases, the value of the token will also make it attractive to investors. At present, any enterprise has the technical capacity to issue its own code for the purpose of decentralizing the mobilization of a large number of investor funds and the right to any property that can be coded. chemistry All this opens up new avenues for the development of the digital economy.

ICO market

The volume of the ICO market shows rapid growth. According to ICO data in 2017, ICO projects attract $ 6 billion and $ 94 million by 2016 (the amount not counting the $ 168 million raised by the DAO crowd). ICO provides the opportunity to invest in new ideas and products and raise funds to execute from tens of thousands of investors from anywhere in the world. According to Coindesk, the volume of capital mobilized from the blockchain market through the ICO exceeds venture capital investment in blockchainrelated projects. ICO fundraising models have a clear advantage over traditional capital and community mobilization, which is the liquidity of the token purchased in exchange for the investment and financial gain.

Vision to develop ICO market

Although the ICO market is growing rapidly now, there is no easy way to buy a card at the ICO stage of a project without significant risk to the investor. At the same time, the cost of raising capital for projects is increasing; Significant costs for marketing, consultancy and technical support from the ICO, have a high negative impact on their performance. One of the main ideas of the blockchain philosophy is that it is about establishing trust between entities through intelligent contracts and eliminating intermediaries. However, the relationship between projects and ICO investors is still not accurate. We set out to create a blockchainbased infrastructure solution for capital decentralization around the world. W12 technology will create trust between the projects and investors, will not ignore the project but increase profits, Reduce risk for investors and create opportunities for thousands of talented entrepreneurs from anywhere in the world to recognize their projects. CheckICO list for more about ICO.

W12 Notification Token

W12 is the ERC20's native W12 compliant token, which makes it easy to integrate into the wallet of the user. Actions performed with tokens on the platform are recorded to the block account using smart contracts

Users can purchase the W12 platform's paid services for tags.
W12 cards have the right to become part of the W12 community, participate in private events, and invest in projects on a platform (no minimum W12 membership is possible to purchase a token of intent. another on the platform or participate in an ICO).
The W12 Token is used in the Intelligent ICO protocol to store the funds mobilized by the projects.