Many people know that blockchain is an industry that attracts a large number of people who want to make money in an easy and fast way. Crypto-enthusiasts are very vigilant. Nevertheless, every day we hear about new cases of fraud in this area. It is not surprising! Holding an ICO is considered a “goldmine” for rogues. According to statistics, about 80% of conducted ICO are fraudsters who, after successful collection of thousands of dollars, disappear safely. Even if justice triumphs and offenders will be punished, the cost of tokens will be close to 0. Believe me, these are not examples taken from nothing, these are real stories of cheated people.
There is also another side where you may get “nothing” from investing in any project. Now, most of the ICO are hold by start-ups.
These companies are just starting their activities in the provision of services and products. The problem is that not every startup needs to have the only idea. There are many reasons why the «survivability» of startups is very low. Starting from the wrong team staff and marketing, ending with the lack of product or service needs to be offered by a startup. The result is one: your funds will be lost and you will not get anything, as in the first case.
I am also very worried about the charity. I mean that money transferred to good deeds are often not fully realized for the purposes they are intended. Different funds use about half of the given money for the development of the stock and for other needs. That is why people don’t want to donate for something that is not intended for the goals they set for themselves. In other words, there is no trust between founders and investors.
Moreover, these are not the only problems that affect the fact that when investing in a project, the income level can lead to 0. In this situation, the W-12 was created.
W-12 is a protocol, aimed to eliminate fraud, intermediaries and scams on the market, as well as to ensure full transparency in the ICO, which works on blockchain technology.
The advantage of W-12 is that they give a guarantee of full transparency in transactions. All funds will be transferred to companies only after the implementation of roadmap points, work will be carried out on the basis of smart contracts. In addition, in order to control the passing road map points, W-12 will apply the decision of "oracles" - in other words, non-interested persons. Such solutions will help to secure buyers of tokens from projects that do not fulfill their promises. So, it will increase the return on investment.
As for the trust between founders and investors, thanks to the W-12 protocol, each of the parties can create a DAO, a decentralized organization, where it will be possible to form your own tasks and establish a roadmap.
Each party could control costs and track the dynamics of investments. You can read more about (DAO) on the W-12 website, the link to which I will show below.
The electronic currency of the platform is the W-12 token of the same name. With it, you can buy tokens of any ICO project, on condition that it is present on the W-12 platform.
Having studied this project, I can say that the team did its work with great seriousness and responsibility. They didn’t create a platform that means “goal for goal”, but created a unique and necessary project in this field.
More details below:
Website: https://tokensale.w12.io/ru/?utm_source=bitcointalk
AUTHOR:
My Вitcointalk Username: Stttai
My Вitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1936716
Nowadays, the transaction guarantee is very necessary. thanks for the information I take a closer look.
Yes. Of course, learn a lot of information on the project website.
I think this project is definitely not one of those who will go to 0, very promising.
This topic is very close to me, this platform will definitely bring success.