Nasi padang58: W12 Review

Dear friends, finally, positive changes will occur in our ICO market and thank God.

Which changes?

As we all know, the ICO market is very popular, but only very high risk. Why so, I think you guess yourself.

About 5.67 billion dollars were invested in the ICO, as a result they were closed or turned out to be fraudsters.

At the moment, it is obvious that the market needs to be changed, improved, because truly good projects cannot collect investments with such a position in the market. Trust in projects comes to a minimum.

Recently I got rid of the link of one W12 project that can solve similar problems in the iCO market.

Let's analyze this project in more detail.

W12 is an open protocol for creating and executing smart contracts. The protocol is made from templates of smart contracts, DAO management and a decentralized oracle network that controls the implementation of the project roadmap.

They created a system where trust between the parties is not required.

In this system, oracles are used, they are needed to monitor the implementation of all steps of the roadmap.

They ranked first as the best ICO at the World Blockchain Forum, New York

They have high ratings

Project W12 is a finalist for Icorace, Switzerland

They made a unique token economy

They already have a finished MVP product

Scam or fraud

High risks of transferring funds to projects at an early stage

There is no ICO protection mechanism for investors and participants in charity projects; as a result, money goes nowhere

Lack of transparency and high cost of implementing charitable and social projects

In the ICO market, as I said earlier, a very large number of scammers.

A lot of investors lost their money, including me.

If you take the sphere of charity, only there 50% of the funds do not reach the recipient.

The DAO initiator fills the roadmap on the W12 platform, sets in the settings the number and% of the funds necessary for the implementation of each stage.

DAO issues the original ABC tokens in the W12 protocol or the project transfers part of the previously released original tokens to the smart contract address in the W12 protocol.

The blockchain protocol W12 releases secured tokens of the ABC-W format in an amount equal to the received original ABC tokens.

Users transfer funds to the smart contract address and receive ABC-W tokens

The funds are kept in the DAO fund (smart contract) and transferred to the project to achieve the goals indicated in the roadmap.

By purchasing an ABC-W token, the user can

Exchange the ABC-W token to the original ABC token of the project via the W12 token changer, and if necessary, sell the original ABC token on the exchange (the project can determine the freezing period during which the sale of the token is prohibited)

Exchange the token ABC-W for a part of the unspent funds of the project. The exchange rules depend on the type of DAO used by the project.

The tokens of this project are very multifunctional and ultimately have a high value.

W12 token is a standard for financing projects using the W12 protocol

W12 tokens allow users to purchase tokens of other projects registered on the W12 platform

W12 tokens are used as fuel in a decentralized network.

Dear investors, if you are interested in this project, please pay attention especially to this table, which presents different types of accounts.

By purchasing tokens at the ICO stage, you get great benefits, a premium expert account, which presents great opportunities to get tokens from other projects that have launched their ICOs on the W12 platform.

Hard cap: 22,500 ETH

Soft cap: 3,000 ETH (they have already reached)

Price for 1 W12 Token: 0.00035 ETH

KYC: yes

Minimum purchase amount: 1.5 ETH

Token Type: Ethereum ERC20

I actually expected a similar project to appear on the market and I was very surprised that a project like W12 provided such a great system and advanced token economics.

As for the team, she is quite experienced. I watched the presentation of the project W12, there was the project founder Oleg Sharpaty, who answered all the questions easily. Therefore, the project is very open, because of this, confidence in them immediately increases.