W12 BLOCKCHAIN PROTOCOL - REVIEW

funkyies (0)(1)in #blockchain • 6 years ago

Overview

reduces risks, protects against scams, removes the need for third parties, increases transparency in the Charity / ICO / STO / Crowdfunding markets. W12 is bent on creating an environment and decentralized infrastructure, where trust between the parties, which are not necessary in any type of transaction, and all disputable issues can be resolved quickly, transparently and rightfully.

Our Mission

To create an environment and decentralized infrastructure, where trust between the parties, which are not necessary in any type of transaction, and all disputable issues can be resolved quickly, transparently and rightfully.

Our Vision

To become the largest global platform that will change the established centralized ways of raising funds, which are currently limited to geographic and political frameworks. Provide every investor in the world with a decentralized solution that will create a global world future.

Problems

SCAM or fraud;

High risks of transferring funds to projects at the early stage;

The lack of a mechanism for protecting crowd ICO investors and participants in charitable projects;

Lack of transparency and high costs when implementing charitable projects.

Solution Proferred

They have built smart contracts that release ICO funds to the project only following the decision of its token buyers once the project meets its milestones.

This solution improves returns, because it is protects token buyers from around 96% of projects that never reach any milestones.

How it works

Token Details

Token Distribution

Token lockup period:

The tokens are frozen by a smart contract for 2 years with the possibility of issuing no more than 1/3 of this per year to:

Team, advisers, founders

Reserve fund

Early long-term investors

Token Price

1 W12 = 0,00035 ETH. Discounts apply depending on the date of purchase.

Accepted forms of payment

ETH, LTC, BTC

Token Transfer:

W12 tokens will be transferred to customers through a smart contract after the end of each ICO stage. You can view the received tokens and confirmations of transactions in your account immediately after purchase.

Token Emission

Limited to 400 million tokens. Neither mining, nor any other method that allows for an increase in the number of W12 tokens can be applied.

Hard Cap

The Hard cap is set in the number of tokens on each round of the token sale

Crowd sale

Start

November 1, 2018 (15:00 Greenwich Mean Time Zone)

End date

December 12, 2018 or when hard cap is reached (whichever is earliest)

Token Price

0,00035 ETH

Token - W12

Platform - Ethereum

Type - ERC20

PreICO price - 1 W12 = 0.0002625 ETH

Price in ICO - 1 W12 = 0.00035 ETH

BONUS

Pre-sale 33-20%

Crowdsale 15-0%

Tokens for sale 240,000,000

Investment Details

Min. investment 1.5 ETH

Accepting LTC, BTC, ETH

Distributed in ICO 60%

Hard cap 22500 ETH

ICO Market Development Vision

Despite the fact that the ICO market is growing so rapidly today, there is still no easy way to buy tokens at the ICO stage of a project without significant risks. At the same time, the cost of raising funds for projects is increasing; with considerable costs going to marketing, hiring consultants, and financing technical assistance, which has a high negative impact on their implementation.

Roadmap

Q4, 2017

Customer development, market research and project development.

Team meeting.

Platform architecture development.

Terms of Reference development and starting the marketplace development.

Q1, 2018

The alpha version of the W12 marketplace.

Terms of Reference development and the W12 blockchain protocol prototype development.

+100 projects will be added to the W12 marketplace.

Creation of project rating system.

Creation of token buyer training scheme.

Creation of landing page for implementing the W12 crowdsale.

Company registration in Singapore.

Start creating the project community.

Q2, 2018

Registering the W12 token buyers as White List participants.

Launching advertising and PR campaigns of marketplace and W12 token sale.

Implementing the Pre-sale of W12 tokens.

Development of the W12 blockchain protocol for issuance and sale of project tokens (with a phased disbursement of funds):

smart card templates for issuing tokens by projects.

DAO project fund with the possibility of voting by the token buyers.

web interface on W12 marketplace for projects to fill in the parameters of their crowdsale.

confirmation blockchain transations service (ETH, LTC, BCH, ETC, ADA, XLM).

Testing of W12 marketplace.

Start of assigning a project rating by the platform users.

Adding new features to the marketplace (Sandbox functionality, services and experts sections, bounty cabinet, further development of the Personal office).

Creation and A/B testing of high-converting landing pages for token buyers and project registration on the platform.

Adding at least 300 projects to the marketplace.

Q2, 2018

Launching and conducting W12 crowdsale.

Listing the tokens on exchanges.

The W12 protocol additional features development:

for selling tokens issued by projects outside the platform.

adding more cryptocurrencies to be used to buy project tokens.

automation tool to deploy smart contracts for the Ethereum blockchain.

Testing of the W12 blockchain protocol.

Audit of the W12 blockchain protocol.

Audit of the W12 platform security system.

Developing additional functionality of W12 marketplace, adding pay services for projects.

Start of developing mobile marketplace application on Android and iOS.

Launching the beta version of W12 marketplace.

Advertising and PR campaigns of W12 marketplace.

Architecture development and Terms of Reference development for an exchange.

Partner agreements with private experts and rating agencies for scoring the platform projects.

Q4, 2018

Launching the development of an exchange to provide liquidity and free token listing for the projects having completed the ICO on the W12 platform.

The first version of mobile marketplace application on Android and iOS.

Launching a fully functional W12 blockchain protocol.

Launching a service for buying ETH for fiat currencies (to further buy project tokens for ETH).

Advertising and PR campaigns of marketplace and mobile application.

Q1 & Q2, 2019

Organization of the series of conferences and events all over the world to attract token buyers and projects.

Adding at least 300 projects to the marketplace.

Launching a service for buying major cryptocurrencies for fiat currencies.

Ongoing development of the exchange and PAMM accounts, adding new functions to the marketplace and the mobile application.o

Launching a scoring system providing the expert’s voting power being determined by the results of his projections and the real increase in the price of the token.

Testing of mobile W12 marketplace applications.

Mobile application security audit.

Release of a full-featured mobile marketplace application.

Signing partner agreements with cryptocurrency exchanges.

Advertising and PR campaigns of marketplace and mobile application.