Blockchain Protocol- W12.io

The problem

Today, with fast internet and technological improvements, people can get information and even contribute to fundraisings such as charity easily, crowdfunding, and ICO. Nevertheless, the current program still provides many flaws and provides not been capable of resolving different complications such as:

1. The likelihood of fraud tasks and the survivability of a task.
2. The current business model of a task is certainly not ideal because it is normally still impeded by rules.
3. The usage of funds and distribution is managed by centralization
4. Non-profit agencies spend 50% of donations on management expenses
5. Lack of trust and transparency

The Solution

W12 is an open up protocol for the creation and execution of milestone-based smart agreements. This protocol contains an original agreement template (will not need development abilities), DAO governance, and a decentralized oracle network, which handles the execution of task roadmaps.

The W12 protocol is designed to be integrated into existing businesses easily, platforms, or organizations. Within the W12 environment, one party can undoubtedly manage DAOs of the types needed. Also, W12 provides a small product sales system.

A task may choose one of the three types of the task finance for startups symbol product sales that will end up being used.

1. Small purchasers usually verify execution of milestones in digital agreements.
2. Performance of signs in digital contracts is verified by oracles 3rd party of the W12 network.
3. 51% of token-buyers verified execution of milestones in digital agreements.

The W12 Oracle Network

Oracle is the reputable people from various fields (lawyers, notaries, financial advisors, and others) who also transmit verified info from the outdoors globe to the blockchain and take action to confirm the execution of situations programmed in wise agreements.

1. Oracle usually is arbitrarily chosen from the decentralized W12 network to make a reasonable deal.
2. Oracle determines the auditor’s execution of milestones and chooses centered on data offered by the auditor and the task roadmap.
3. W12 fuel can be used to pay for the maintenance and functions of the Oracle network. The higher the fuel, the higher the likelihood of appealing to the most professional oracle for the task.

ICO

ICOs provide a chance to contribute in new products and ideas, allowing tasks to increase money for execution from tens of hundreds of token-buyers from all more than the globe.

In the W12 ecosystem, ICOs and many other marketplaces may function more using private regulated decentralized institutions and peer-to-peer digital agreements effectively.

Independent oracles from the W12 network confirm the execution of digital contracts. The W12 remedy starts the method to a brand-new, free of charge, decentralized globe structured on self-regulation and democracy, without borders and politics restrictions.

Crowdfunding

Crowdfunding is a new device for the intercession of financing between traders and borrowers (people or businesses) without the participation of traditional companies such as seeing that banks.

In order lowering costs for risks and tasks for investors, W12 provides a structure very similar to ICO system that creates lookup period for the funds received by the job and releases them upon hitting milestones.

Nonprofit charities Market

W12 proposes the nonprofit roadmap and Oracle program while a template for transparent and fraud-resistant conversation between the fundraisers and charities.

W12 allows any nonprofit advertising campaign to propose a good cause task to the community through contemporary and high-tech Page rank stations. W12 guarantees that social business owners shall generally end up being capable of increasing donations and will generally reach their market, while the finance members shall end up being capable of receiving evidence of effect and if not really, will be able to come back their money securely.

W12 Token

• Small symbol: W12
• Regular: ERC-20
• Small type: Utility
• 1 W12 = 0.00035 ETH
• Total small: 400 million
• Hard Cover: 22,500 ETH

For more information about this project please refer to the following lines:

Website: https://tokensale.w12.io/
Whitepaper: https://tokensale.w12.io/W12-en.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=3220425.new#new
Facebook: https://www.facebook.com/w12.io/
Twitter: https://twitter.com/w12_io
Telegram: https://t.me/w12io
Linkedin: https://www.linkedin.com/company/w12io/

Author Information:
Bitcointalk ID: cryptopowering
Bitcointalk link: https://bitcointalk.org/index.php?action=profile;u=1771063
ETH ID: 0x3c9D2f192a96b9269e59B97Dab18f58674079487