W12 - Solution for a Smart Contract Platform to Protect Investors from ICO Project Fraud

bumidinasty (6)in #bitcoin • 6 years ago (edited)

In the last few months we have often seen many initial coin offering (ICO) projects that led to fraud or scam. Meanwhile, the development of the crypto asset market continues to exceed expectations of reliable and convenient infrastructure needs that will reduce risks and increase the profitability of investments in the initial coin offering (ICO) project.

Blockchain has become a new face for the future of the digital world that many people expect to be the solution that exists in the data centralization system. In 2018 many organizations & industries have explored blockchain technology to be implemented in the system, the aim is to develop a realtime, fast & transparent data processing settlement system.

By using W12 technology, you can buy a project token and receive a refund (equal to the amount of unused project funds) if it does not produce or become a scam.

About W12

W12 technology offers the possibility to increase the return on investment in ICOs and projects in the initial stages by averaging ten times. this means that it will create conditions of mutual trust between projects and investors, increase profitability, and reduce risk for investors while providing excellent opportunities for thousands of entrepreneurs from anywhere in the world to realize their projects.

With an open source platform built on the Ethereum blockchain, making smart contracts is faster, cheaper and more transparent. However, the W12 Platform will analyze the benchmark for issuing funds to the project specifically so that it will increase the protection of token buyers from 96% of ICOs who have never succeeded. In addition, Smart Contracts were confirmed by 12 independent oracles on the W12 network and they will also develop on other blockchain, such as EOS, Cardano, etc.

How the W12 Platform works

The W12 allows teams to raise funds for the implementation of their projects without fees and initial technical expertise. When saving funds in a W12 token, the platform costs will be 0% during the project implementation phase. To launch an ICO and raise funds, you don't need to make a smart contract, invite expensive consultants, and use marketing policies, because all the functions needed are automatic on the platform. By placing the project on W12, the team can focus on the most important tasks for creating products. Here's how the W12 platform works;

The project makes roapmap on the W12 platform, and sets the settings for the amount and% of funds needed for each stage.
The project releases ICO tokens on the W12 platform or transfers some of the ICO token emissions that will be released independently through the W12 platform intelligent contract.
The problem with the W12 blockchain protocol secures the project token in the same amount as the number of ICO tokens it receives.
W12 platform users can buy tokens that are safe from the ICO project they like. and all guaranteed ICO tokens are supported by token buyer funds.
All funds collected are locked in a smart contract and will be released to the project, after the decision of the token buyer completes the milestone roadmap.
After purchasing a secure ICO project token, users can: exchange them with ICO project tokens through the W12 token and sell them on the listed exchanges. if the project fails to reach one of the roadmap milestones, the investor will receive a refund and if the token price drops lower than the ICO level

What are the advantages of W12?

As I said above that the w12 platform can protect investors from scam projects & an organization or industry wants to do an initial coin offering (ICO) program to get full trust in investors, there are still many advantages of the W12 platform and some of the following;

Benefits for the Project

Fully automatic ( Fully Automated ) - All clever contract on the W12 platform is fully automated. Spreading smart contracts and releasing new tokens does not require special technical knowledge from the project
No initial cost ( No initial costs ) - Raising funds for the project through a supported W-token has no initial cost. The number of W12 tokens consumed as fuel for the entire W12 ecosystem will be reduced because more W12 tokens are used in the backup of each supported token
Any source of funds ( Any source of funds ) - Projects can issue a W-token that is secured to the fundraising campaign in full or use it as a source of additional funding, and withdraw the remaining funds in other ways. No matter what the project chooses, the number of W-tokens is always the same as the number of simple project tokens that are backed up.

Benefits for Investors

Dana Transparent and reduce the risk of volatility ( transparently Funds and Reduces volatility risks )- In projects where the protocol blockchain W12 is not used, deposit funds are not transparent with W12, buyers token immediately see the settings of funds deposited in a project and the Risk of volatility can be reduced by storing part of the funds collected as crypto currencies guaranteed by banknotes in project funds so that the project and investors can be sure that the funds collected will be sufficient for the project to fulfill its objectives regardless of exchange rate volatility.
The creation of new tokens that are financially secure ( Creates a new type of financially secure tokens ) - Token buyers get the right to return money after each phase of the project roadmap. If the project fails, investors can still return the amount corresponding to the number of tokens they have. It's as if funds are secured by tokens and this gives investors additional confidence in the security of their funds, and Token-W itself has a completely new feature, not the safest token.
Investor protection from fraud projects ( protects investors from fraudulent projects ) - When using W12, ICO token buyers do not need to know the reason why project implementation failed. Buyers of ICO tokens will save up to 95% of their funds. because, W12 will provide insurance for the implementation of the first milestone with insurance ICO token buyers can save up to 99.9% of the initial funds. And the protocol will protect the funds of investors who usually want instant access to their funds.

Team

Oleg Sharpatiy, COO & Founder - Entrepreneur serial. Main fields: Fintech, IT. who have great enthusiasm to create equal access to opportunities for everyone on the planet, and create an infrastructure for democratization and decentralization that can be trusted for the development of thousands of projects without limits or political restrictions.
Andrey Granovsky, CEO & Founder - IT entrepreneur and developer. Main areas: IT development and blockchain. In the past, Andrey has built a leading online market (with more than 500,000 customers and 50+ employees)
Anders Larsson, Blockchain & Technical Advisor - Worked for two decades to create emerging technologies for 2G, 3G, 4G, 5G and IoT in 10 different countries for Ericsson Grou (NASDAQ: ERIC) and today 7.8 billion mobile customers outnumber the population world. He has held various CTO roles and the role of Vice President for Mobile Broadband in Southeast Asia & Oceania with responsibility for billions of dollars in annual sales.

W12 Token Details

The W12 is a utility token, the W12 platform's internal currency and is based on the ERC20 standard, which makes it easy to integrate into the user's wallet. Operations performed with tokens on the platform are recorded in the block account using smart contracts.

Token Type : ERC20
Platform : Ethereum
Symbol: W12 Token (W12)
Token Price: 0.00035 ETH
Supply Token: 400 million
Hard Cap: until the number of tokens per token sale round is limited.

Conclusion

The W12 Project will be a Smart Contract Platform Solution to Protect Investors from ICO Project Fraud & facilitate organizations or industries to gain full trust in investors to get maximum funds. As I explained from the article above, the possibility of this project being a success is very high.