July 29, 2018 – The W12 Platform has successfully completed the first early-stage pre-sale, having sold tokens totaling 3,147 ETH. The soft cap is reached. During the pre-sale 4,841 of users registered in the white list, leaving requests for the purchase of a total of 48,573 ETH worth of W12 Tokens.
Due to the latest market events, the team has amended the subsequent structure of the project’s token sale. Furthermore, it was decided to reduce total hard cap from 30,000 ETH to 22,500 ETH by optimizing the roadmap and development costs, allowing more space for further token development.
End date: July 20, 2018 or when hard cap is reached (whichever is earliest)
Discount: starting at 25% / up to 15%
Token value: 0.0002625 ETH – 0.0002975 ETH
Hard Cap: 3,000 ETH
Start: August 1, 2018
End date: October 15, 2018 or when hard cap is reached (whichever is earliest)
Discount: starting at 15% / up to 5%
Token value: 0.0002975 ETH – 0.0003325 ETH
Hard Cap: 14,500 ETH
Start: November 1, 2018
End date: December 12, 2018 or when hard cap is reached (whichever is earliest)
Retail price: 0.00035 ETH
Hard Cap: 5,000 ETH
All tokens not sold during the token sale will be burned forever. Tokens allocated to the team, founders and advisers are frozen by a smart contract for 2 years.
Recently, W12.io has significantly improved the solution and expanded the scope of its application.
“Having started the development of W12 solution for the ICO market, we soon discovered that the scope of use-cases were far greater than was initially apparent. W12 solution is the next step to the idea of decentralization in the modern digital economy, acting to reduce the need for parties to trust one another when making any kind of agreements.” – W12 Project Founders, Oleg Sharpatiy and Andrey Granovskiy.
Today, W12 presents the concept of a Peer-to-Peer Digital Contract System
In addition to the ICO market, solving the problem of mistrust between token buyers and ICOs, the W12 solution is also planned for integration in to the following markets:
– P2P E-commerce
– Charity Market
– And many others.
More information on use cases and integration can be found in the project’s White paper.
The total volume of these markets is currently estimated at more than $15 trillion USD. Moreover, the problem solved by W12 is one of the largest existing problems in the traditional economy. The W12 solution significantly improves on existing centralized analogs, offering the market a transactional model with a commission of only 0.5%.
For the effective implementation of this solution, the team will launch its own blockchain based on the proof-of-authority consensus, a protocol that allows users to create peer-to-peer contracts and a decentralized oracle network that confirms the execution of the milestones in contracts and the transfer of funds to the other party of the deal in accordance with the conditions set within it.
“You push the button, sign the contract, transfer funds and the contract is automatically executed without the need to trust the counterparty or any other external institutions.” – Oleg Sharpatiy presents a simple model of the product.
The W12 solution has already been recognized in a number of international conferences in June. It is expected that it can become one of the bases for the integration of blockchain technology in the traditional economy.
- 1st place and the best ICO at World Blockchain Forum, New York.
- Finalist at Icorace, Switzerland (selected by a jury among 140 ICOs).
- W12 was marked by Silicon Valley experts at the Blockchain Economic Forum, San Francisco.
Company name: W12 Pte. Ltd.
Token sale link: https://tokensale.w12.io
Telegram EN: https://t.me/w12io
This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of NullTX. This is not investment, trading, or gambling advice. Always conduct your own independent research.