An Initial Coin Offering (ICO), in simple terms, is a way for blockchain-related startups to raise funds. Akin to crowdfunding, the projects generally offer their own brand of 'tokens' in exchange for popular cryptocurrencies such as Bitcoin (BTC) or Ethereum (ETH).
Earnings for ICO look like this, you buy tokens of a developing company thereby sponsoring it, and as soon as the company collects the budget it needs, it fulfills its obligations that it pledged to fulfill at the beginning of ICO and thus its tokens begin to rise in price and this price difference You can earn a very impressive amount of money.
However, a recent study prepared by ICO advisory firm Statis Group revealed that more than 80 percent of initial coin offerings (ICOs) conducted in 2017 were identified as scams. The study took into consideration the lifecycle of ICOs run in 2017, from the initial proposal of a sale availability to the most mature phase of trading on a crypto exchange.
Here is where W12 comes into play. It is designed to eliminate companies that want to just raise money from investors and hide in the sunset. For more detail about W12, let's find out in this brief review.
What Is W12?
W12 is an open protocol for creation various types of DAOs. The protocol consists of smart contracts, the DAO management mechanism, and a decentralized oracle network that control the execution of the milestones in project roadmap. This solution protects users from intentional SCAM or unintentional failure of projects, reduce risks and expenses, create transparency and trust between projects and token buyers. The fundraising campaign can be of any type: Charity and Social projects, ICO (utility and security), Crowdfunding and any other crowd sourced fundraising and governance.
W12 is creating a decentralized infrastructure in which trust between the parties is not required and any disputes can be resolved quickly, transparently and at minimum costs. The W12 protocol is designed to be easily integrated into any existing business or solution. In addition, W12 provides its own platform for selling tokens with a user friendly interface, through which projects can easily attract funds using the platform protocol.
W12 vision is to become the largest global platform that will change the established centralized ways of attracting finance, that are currently limited by geographical and political frameworks. And, to provide every investor in the world with a decentralized solution that will building a global world future. While, the mission is to create an environment and a decentralized infrastructure where trust between parties in not necessary in any type of the deal and all controversial issues can be resolved quickly, transparently and rightfully.
How It Works?
If it is easier to say, any company that wants to conduct an ICO will be required to register for the W12 platform and provide all its waste of invested funds.
W12 will keep all the invested funds of ICO companies on its platform and will closely monitor the implementation of the development roadmap. As soon as the company completes one item, it will receive money for the next and so on.
As the result, we get:
- Among ICO companies, the number of scammers has decreased.
- All investments will be inside the W12 platform.
- Investors will be assured that their funds are safe.
- All companies that will cooperate without problems will find finances for the implementation of their ideas.
- The level of trust in ICO will rise to an unprecedented, which is a very important aspect of the current realities of the ICO market.
W12 Benefits
For the project:
W12 will create a market, block protocol, and automatic smart contracts for collecting ICO funds at no cost. It can re-form ICO markets and help find tens of thousands of promising companies across the globe.
For the investor:
W 12 creates a favorable environment, and destroys the old ICO model, where the investor will be able to buy ICO tokens with minimal risk for him. If the project does not realize itself, then the investor will be able to return the unspent money by relying on the roadmap of the project.
Conclusion
W12 is a company with its own unique approach to the modern ICO market. Thanks to W12, all honest companies will find investors to implement their ideas, and investors will be sure that their money will not be lost anywhere. It is this approach that is needed in the modern world of ICO, and only thanks to this approach can we be sure that people are honest. This company is very close to me in worldview and therefore I decided to support it with this article and remind that W12 is conducting an ICO so that their ideas could be realized.
Important Links:
Website: https://tokensale.w12.io/
WhitePaper: https://tokensale.w12.io/W12-ru.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=3220425
Telegram: https://t.me/w12_io
Twitter: https://twitter.com/w12_io
Facebook: https://www.facebook.com/w12.io/
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