W12 Leads in Blockchain Protocols

Perhaps the tons of decentralized projects had been literally blinded by envy for Bitcoin and had not wasted time in patterning most of their solutions to solving some of its problems. This had opened the way to both good and bad as lots of infiltrations have been found on the blockchain. It is therefore not out of place seeing a project making it through the ICO and either discards its original ideas or becomes less productive.

To this end, W12 hopes to create a system where legality will be top-notch and inordinate practices that had hitherto held sway will be cut off and a truly decentralized atmosphere created on the blockchain.

Breath of Fresh Air
As the blockchain battles for supremacy, most platforms utilizing its framework had done little towards its improvement but had sadly, saddled it with additional issues. W12’s intention is to create a system where trust will be optimum and need for disputes put to the barest minimum.

On the other hand, it also looks at making funds (especially for projects running ICOs) accessible. It will be recalled that some countries placed bans on crypto coins; thereby reducing funds from willing investors in the region. The idea here is that W12 won’t playing to the gallery with this formation but is intent on making these hitherto restricted areas throw in funds that will see to development of projects.

Before W12 – The Scams and Downsides to Funding
Before now, a project literally has to prove its mettle before investors take the lead to plunge funds. This is not far-fetched from massive “scams” that have seen loss of investments after ICOs have been rounded up.

In the light of this, an investor lacks trust in projects and this is in addition to inability of such projects to survive for long. There were also incidences of centralized control on ICOs. These downsides brought about development of W12 and what we have here might just be the next big thing that will set upcoming ICOs on the path of glory.

Reduction in Scams
It is pertinent to note here that there will be reduction in continuous loss of investments at the end of ICOs. With W12, you can throw in as much funds you have and have in mind that the failure of the project will have their funds coming back to them. With this in place, projects that had wanted to elope with funds will have a rethink as the miniature escrow takes funds back when it fails and might even lead to their being blacklisted.

It is noteworthy that there will be leverage of DAO in managing projects throughout the phase of their coin offerings and this continues after the ICOs. With this, autonomy will be granted projects and there will be limited use of trustable mechanisms. This time, you won’t need to trust or have fewer hopes before making your investment on a project.

The Role of Smart Contracts
It is important to note here that there is the composition of oracle networks, DAOs and smart contracts – three distinct technologies that will see to improvement of the platform. In this case, the smart contract becomes arbiter of sorts as it cuts down less trust among parties. In the stead, there will be transactions without fear and in the case of disputes; there will be less costs and faster settlements.

Real-World Agents
In addition to smart contracts, Oracles play vital roles in confirmation of specific transactions and also help in coordination of activities throughout given ecosystem. Never had it been heard that humans serve as oracles in the blockchain. We’re just having that on W12!
Because the platform is interested in forging synergy between its ecosystem and real-world, it deemed it important to have agents from the other end who are designated to feed information into the network.

In the light of this, there is recruitment of humans from different walks of life such as financial experts and lawyers. These set of persons will provide succinct information that will enable the smart contracts in its functionalities.

What this means is that projects on ICOs will be monitored by these oracles and depending on their suggestions and feedback, such projects either gets the nod or blacklisted. Note that W12 provides infrastructure for ICOs and willing projects can utilize this throughout the phase of their fundraising.

For projects that failed to complete stages in their roadmap, they are entitled to have funds returned and when token buyers fail to do so, W12 partly finances the project to get to the next stage. With this in place, there will be reduction in high spate of fraud that will see projects either failing to complete their crowd funding or get lost in transit by eloping with funds.
Oracles will receive specific portion of the W12 token for their inputs and those with higher inputs will be selected for more tasks.

Use Case
The general focus of the platform is on crowd funding. It is common among investors to buy tokens during initial development of a coin and have it tripled as it hits exchanges. Lingering issues had often turned many off and the few that still indulge are having feet of clay to participate as they ought to.
In the light of this, W12 in tandem with trustless transactions powered by the blockchain utilizes human oracles to make insights into projects and help in actualizing their aims. On the other hand, it has tendency to improve the roadmap of these projects.

Soon after roadmaps are published, there seems little follow-up to these and when done, there is tendency that they are either not actualized or some are cut away. W12 makes sure that every project tows its roadmap.
It also ensures that multiple funds at disposal of projects are positively utilized. This time, the tide changes from many funds at the beck and call and after few are used for developments, the others are stacked away. Once a project shows signs of negativity and raises doubt, W12 immediately dispatches remnant tokens to buyer to avoid further loss of funds.

Roadmap

Allocation of Tokens
Token Sales: 60%
Partners: 2%
Airdrop: 1%
Reserve: 15%
Team, Founders and Advisers: 15%
Long-term Investors: 5%
Bounty and Maintenance: 2%

Token Sales Information
Token Name: W12 Token
Ticker: W12
Platform: Ethereum
Token Standard: ERC-20
Token Supply: 400 million
Exchange Rate: 1 W12= 0.00035 ETH
Hard Cap: 22, 500 ETH
Accepted Payments: XLM, ETH, BTC, ADA, LTC, ETC, BCH
Country of Registration: The Singapore
Restricted Areas: The USA

The experienced and devoted Team

real life preview

Bottom Line
The overall essence of this platform was to provide infrastructure for projects that intend embarking on ICOs. It will be win situation for all parties as projects will have necessary support for their improvement. On the other hand, token buyers will have zero risk as their funds will be returned when the kite flown by supported projects fail to fly.

Interestingly, humans will be watching how funds are raised and have to raise suspicions when the system is flawed; thereby triggering smart contracts to action. The DAO technology on its part plays crucial roles in management of the entire platform.W12 is in a nutshell, reinventing crowd funding for blockchain-based projects.

VISIT THE LINKS BELOW FOR MORE INFORMATION AND UPDATES ON W12 PROJECT*
Website : https://tokensale.w12.io/
Whitepaper : https://tokensale.w12.io/W12-en.pdf
Bitcointalk ANN Thread : https://bitcointalk.org/index.php?topic=3220425.0
Twitter : https://twitter.com/w12_io
LinkedIn : https://www.linkedin.com/company/w12io/
Reddit : https://www.reddit.com/user/W12io/
Facebook : https://m.facebook.com/w12.io/
Telegram : https://t.me/W12BountyChat
Medium : https://medium.com/@w12_io

writer's information
Bitcointalk username : deodivine1
Bitcointalk profile : https://bitcointalk.org/index.php?action=profile;u=1390292