My Blog About Blockchain: W12.io - Open Protocol for Making Different Types of DAO

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.

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 protocol uses blockchain technology to ensure the transparency and addressability of transactions, smart contracts and oracles to ensure the control of implementation of the main stages of the roadmap by the project. The W12 solution also includes mechanism for DAO creation and a platform that allows projects to raise funds via Token Sales without initial costs or special technical knowledge.

Smart contracts release funds to any project only when they meet their milestones

Vision

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. To provide every investor in the world with a decentralized
solution that will building a global world future.

Mission

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

The project fills the roadmap on the W12 platform, sets the settings for the amount and % of funds required for each stage.
The project releases ABC tokens on the W12 platform or transfers some of the ABC tokens issued independently to the smart contract address of the W12 protocol blockchain.
The W12 blockchain protocol produces ABC-W tokens in the amount of ABC tokens received.
Users transfer funds to smart-contract address and receive ABC-W tokens.
The funds are stored in the project DAO fund (smart contract) and are issued to the project to implement the roadmap stages.

The W12 protocol allows to set up one of the three types of DAO

The project can issue tokens independently and sell only part of its tokens using the DAO and W12 protocol

This will allow the W12 platform to cooperate quickly with a large number of projects, thus helping it occupy a large market share.

Token info

Token W12
Platform Ethereum
Type ERC20

PreICO price1 W12 = 0.0002625 ETH
Price in ICO1 W12 = 0.00035 ETH

BONUS

Pre-sale 33-20%
Crowdsale 15-0%
Tokens for sale 240,000,000

Investment info

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

Quarter IV, 2017

Customer development, market research and project development.
Team meeting.
Platform architecture development.
Terms of Reference development and starting the marketplace development.

Quarter I, 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.

Quarter II, 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.

Quarter III, 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.

Quarter IV, 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.

Quarters I and II, 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.

Quarter III, 2019

Launching own exchange and platform for creating PAMM accounts (transfer of funds to trust management).