What is W12?
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- if the project does not achieve its objectives then the funds can be withdrawn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/