W12: when the scam will die

andryukha (43)in #cryptocurrency • 6 years ago

When someone decides to invest in the project, there is no even a shadow of trust between two sides, because the team can’t guarantee that everything is going to be alright. That is a huge problem. At the same moment, sometimes it is possible to find projects with amazing idea and methods of realization (at first glance), but in fact, they are nothing more than just a try to earn money. It means that there is no solution to save own investing – that is why W12 came to destroy injustice.

What is the main ICO problem

Every year the number of ICO increases. It means that every single day blockchain inspires people to solve the problem with this technology. But here is one huge problem – there is still no trust. When people invest in some project it is possible to find the next conditions:

the team can’t guarantee safeness;
the project can be changed (its structure or something else);
investing means that customer expressed the desire to support the project but it doesn’t lead to some obligations.

It could be much easier in case if the team will get a kind of bargaining chip, which will protect investors from being cheated. At the same time, it is the way to increase the quality of ICO.

How W12 can fix it

The main problem is that the team can’t or don’t want to keep promises. At the same time, it leads to the roadmap question – it should be as full as it is possible. So, it means that the main work will consist of several steps:

the project should register own company on W12 platform;
it should create a detailed roadmap and find how much money it needs to support every step.

After that W12 will offer users to create a kind of smart-contract for their investments. It would be something like DAICO by Vitalik Buterin but in own special way. Every decision of money sending and its distribution will belong to the investors (their agreement). As the result:

Every step of development will be organized.
The team will follow their roadmap because without good work they will never get money.

Such kind of approach will bring additional power to the team: it is the best stimulus to show the result because in the wrong case all development could be stopped by people who gave money.

There is one interesting detail – even through the period of active work, in case if the investor decided that project doesn't deserve his money, it would be possible to get a refund. Inside tokens would be possible to change for the money someone needs.

What if all projects will use W12

In case if all projects will be based on W12, it will increase the number of good-quality ICO without scam. There will be no point to do something wrong or bad because in any case customer’s money will be on smart-contract. So, with the help of W12 it is possible to stimulate blockchain world for better results. It is a kind of effective treatment for the popular industry.

WEBSITE: https://tokensale.w12.io
TELEGRAM: https://t.me/w12io
WHITEPAPER: https://tokensale.w12.io/W12-en.pdf
ANN THREAD: https://bitcointalk.org/index.php?topic=3220425.0
FACEBOOK: https://www.facebook.com/w12.io/
TWITTER: https://www.facebook.com/w12.io/
REDDIT: https://www.reddit.com/user/W12io/
MEDIUM: https://medium.com/@w12_io
LINKEDIN: https://www.linkedin.com/company/w12io/
GITHUB: https://github.com/w12-platform