ICO Review: W12 A Peer-to-Peer Digital Contract System

ICOs can be made to fund the project when funding a new project and cryptocurrencies to be used in the project. Generally in ICOs, project is introduced, how coins will be used on the project, when they will enter the stock market and they will start to buy and sell, they are explained on the road map. You may use cryptocurrencies only to buy and sell or to invest but in fact, as you know, there is a project behind all them. So, you can invest in the new cryptocurrencies in ICOs and you can get cheaper without entering the stock market yet. However, very few of the hundreds ICO to be able to successful. Here we will look more closely at W12, which is being studied for the purpose of protecting investments.

Alright, does the W12 brings a solution to a real problem? In W12, it is planned that the ICOs will be examined within the website and investment can be made through the website. The greatest promise is that if your project fails, your loss will be met to a great extent. The side that to be given the investment will get the money when it realizes the promised goals. We can say that W12 is assuming the role of controller here. It was thoughtfully designed to prevent falling into the trap of scam ICOs. So, it brings a solution to a problem. Because the money that is wasted in the ICO world is a serious problem. In fact, the idea of all of them at first seems like a good idea but either their teams are inadequate, they can not collecting enough budget or they are not kindly. So we have to examine the projects very well.

A question may come to minds. If the W12 project can not be developed, what will happen if the project developers take their money and run away? That is risky. For this reason, it is unreasonable to trust completely at first because it is still in its own ICO progress, even though it solves a real problem.

"According to research by the Satis group published on Bitcoin.com statistics, 81% of ICO projects are scams and only 3.8% of all ICO projects are successful. Drawing a parallel with the ICO market size, this totals more than 4 billion dollars of lost funds that could be saved and invested into growing projects."

What about its applicability and availability? There are projects in the website. It also explains how investments can be made. Investors will be able to invest according to various plans. This part is good. If the project is successful, its use is promising.

60% of total tokens are planned to be sold during the ICO. Those who want to promote their own project can get it in high quantities in ICO period and then use it to promote their projects in W12 or it can be buy in future to invest in other projects. In the roadmap, it is planned to be listed on exchange platforms towards the end of 2018.

When reviewing ICOs, you should also look at the developer team. No matter how good a project we have, if the developer team is not good, the project will not be successful. We need to be sure that the team is primarily composed of real people. Fake profiles are the number one sign of scam projects. When I looked at the team, I thought Nelly might be a fake, but she was real :) Anyway. The interest shown to ICO in Bitcointalk and Telegram group is also satisfactory.

Hardcap is designated as 12 million tokens, which is equivalent to 30000 ethereums. It's a high amount, but we already see it in ICOs. But there is no softcap specified in the project.

When I looked at the project in general I could not find a side that would not be liked. If it succeeds, future ICOs will be healthier. For this reason, I believe it is a project that needs to be closely monitored.

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Posted from my blog with SteemPress : http://kedisteem.press/ico-review-w12-a-peer-to-peer-digital-contract-system/

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