What is W12?

in #crypto6 years ago

The W12 creates a decantreised infrastructure in which the parties do not need to trust each other. The protocol is based on blockchain technology.

W12 mainly solves problems:

  • ico fraud
  • High risk of funds being transferred to early stage projects

"According to Satis Group research, around $5. 67 billion has been invested in scams - fraud and failed projects at an early stage"
source: bitcoin.com

How does it work?
in schort:

  • you find a ico project.
  • instead of paying in the usual currency you pay with W12 tokens.
  • The founds are facilitate for the project after the smart contract, provided that the project develops.
  • The progress of the project can be traced back to the W12 website.
  • if the project does not achieve its objectives then the funds can be withdrawn
    source:https://tokensale.w12.io/

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