The W12 Platform, an ICO “2.0 platform” and blockchain protocol has successfully completed the first early-stage pre-sale, having sold tokens totaling 3,147 ETH. During the pre-sale 4,841 of users registered in the whitelist, leaving requests for the purchase of a total of 48,573 ETH worth of W12 tokens.
It was also decided to reduce the 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.
Furthermore, due to the latest market events, the team announced an amended structure of the project’s token sale:
Early pre-sale (complete)
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 significantly improved the solution and expanded the scope of its application.
“Having started the development of the W12 solution for the ICO market, we soon discovered that the scope of use-cases was far greater than was initially apparent. The 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.”
Now, in addition to the ICO market, solving the problem of mistrust between token buyers and ICOs, the W12 solution is also planned for integration into the following markets:
– The GIG (Freelance) Market
– P2P E-commerce
– Charity Market
– And many others.
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.