W12 - trust for token buyers

oluwakingzly (25)in #o • 6 years ago

2018 has been a year of scam in the ICO secto, from VYIGRAT that has a dead community to zerocoin to future coin, the list is endless. Of course nobody knew they were scams. Well that's history, going forward from here how is it possible not to fall victim of scam projects and loose all your hard earned money.
Well I have good news for you, there's a new project and their main aim is to prevent people from falling victims of situations like this, creating transparency and trust between token buyers and projects.
W12 is a decentralized infrastructure in which trust between project and token buyers is not needed. W12 would stand as a middleman that guarantees trust to token buyers that they can go ahead and purchase the token.

Market problems.

The major problem is scam, after investors have put in their money into projects it's easy for developers to exit scam or dump tokens on them
absence of trust between fundraisers and fundgivers, low.
Chances of startup projects to reach their aim is very slim.
Imperfections between utility and security.

W12 solution

W12 allowed anyone to build smart contract without programming and with necessary guides while providing room for any kind of crowd funding to be carried out on the platform.
W12 would stand as the body of trust between counterparties which are the project body and the token buyers.

Type of project funds

Type 1
This type of project funding js dependant on the token buyers, if the buyers believe the project will reach its milestone they continue to buy and fund it but if not they can ask firms refund of their money

Type 2
In this type of project fund the independent oracle from the w12 network decision final. If the oracle decide the project does not meet the specific milestone, funds won't be released to the project hunt the milestone is executed

Why the w12 solution is better for tokensale

If project turn out to be a scam or do not live up to expectations, buyers recieve their funds back
The project can implement any logic for their tokensale
Buyers would purchase tokens through the w12 platform

Why the ICO market needs the w12 solution

In the case of project not being able to deliver, the w22 solutions saves the buyers because they get to receive their funds back. On an average it's been calculated that just 20% of money raised through ICO is needed to carry out the project, with this w12 can save up to 80% of the funds raised and if the project does not get implemented in the early stages, the money is returned back to the buyers.
W12 protects buyers from scam projects, once the project doesn't get to its milestone the buyers can be assured of getting their money back and won't be concerned about why the project failed
Reducing cost of launching ICO
Since the w12 platform has its own smart contract already, projects using the platform don't need to create another smart contract, they can easily launch a token sale free of charge with just very few steps required.

W12 token sale

Token name: W12 token
Ticker: W12
Token type: ethereum blockchain
Token price: 0.00035 eth
Accepted forms of payment: ETH, LTC, BTC, BCH, ETC, ADA, XLM
Token transfer: if transfer is done through a smart contract the tokens will be sent out immediately but if not tokens would be sent out after the crowd sale.

roadmap

the team

Conclusion
With buyers having in mind that if the project fails they get their money back, now buyers would not be worried about projects being scam or not because the w12 solution has their best in mind. This is a very welcomed solution into the Cryptocurrency world and I believe within little time project would begin to use the w12 solution to launch their projects. Having it in mind the w12 solution reduces the cost of everything, from launching of token sale to having access to free smart contract. W22 is definitely a project that has the benefits of humans at Heart

W12 website: https://tokensale.w12.io

Authors BTT profile: https://bitcointalk.org/index.php?action=profile;u=1319467;