W12.io Block chain Protocol | ICO | Review

dylanzachary (6)in #ico • 6 years ago (edited)

Introduction to W12 Protocol :

W12 is an open protocol for developing various types of DAOS that consist of smart contracts, management mechanism and oracle decentralized network. Their system will protect users from scams, project failures, reduce risk and create transparent ecosystem to develop trust between projects and their token buyers. All types of fundraising campaign will be included in their platform including social projects, security tokens and charity. W12 platform will create trust between parties and resolve disputes related to projects. W12 protocol will allow business to easily integrate their system with their network and additionally they will provide a platform for buying and selling tokens.

Why we need W12 Protocol Platform?

Utility tokens and security tokens both do not follow rules that define them like it is not easy to find out the actual price of utility tokens. In order to forecast price one should have to consider holders expectation, miners and users who are interacting with the system. Security tokens only become legal when you register your network with USA security commission or your own national country commission. Once their legal standards meet the requirements they will start allowing security tokens on their platform and DAO administration. After 2017 big ICO scams an idea about controlled ICO is proposed and have found good support in crypto community.

W12 protocol will allow any interested user to create their own smart contract, security, utility and all kind of ICO are allowed on their platform. They will utilize decentralized control over fund and oracle network to confirm their project milestones and unbiased control will be given on project development. DAO is an anonymous and decentralized way of collecting and organizing crowd funds in which funds will be realized in a gradual process. Funds will be refunded if necessary milestones, soft cap not reached that will decrease the risk of losing money for investors.

W12 Oracle Network :

Through W12 oracle network high reputation personalities like lawyers, funds providers, and financial advisor will transmit data from external world to the block chain and oracle network will act according to programmed in their smart contract. During smart contract development process parties are given permission to create no of oracles according to their desire. All oracles created will have to undergo KYC requirements and independent rate will be assigned to each oracle. For creating new organization in the network project initiator has to create no of oracles and no of votes required to take proper decision and will the help of oracle their chairmen will be elected.

Advantages of W12 Platform:

Token sale via W12 platform will offer certain advantages like trust, flexibility and transparency. Tokens can issued independently like only assigned token can only be used for sale purpose like 1%, 2% etc. Without doing any coding the project team members can set any logic they want like discount, lockup periods etc. With the introduction of W12 platform investors do not need to trust project team because 99.9% funds will be refunded if project team does not deliver his work. Additionally their platform will provide the solution of early dumping on exchange by limiting the sale of tokens.