W12 is trying to create a blockchain-based platform which will allow the users to use smart contracts more easily. The smart contracts can then be used based on milestones. This will ensure that proper execution of the contract between the 2 parties will be made possible as well. Also, this will protect both the stakeholders against any kind of scam as well.
Currently, the smart contracts are binary in execution. They can either get executed or they cannot get executed. This means that proper transactions and long-term transactions are not possible with the help of smart contracts. On the other hand, with the help of a milestone based on smart contracts, more transparency can be induced as well. This will ensure that added security, as well as credibility, is provided to smart contracts as well.
With the help of milestone-based smart contracts execution, the applications of the smart contracts will increase significantly as well. There will be greater transparency as well as more conditions can be put on the future of the transaction as well. This will ensure that they will certainly become much more transparent as well. They can then be used for various purposes like raising money with the help of smart contracts as well. Only when the funds are utilized for a specific purpose, the next fundraising can be approved or the next funds can be given to the company. This will ensure that it becomes much easier for the investors as well as the start-up to raise money. Moreover, with the help of smart contracts, future funding can be guaranteed as long as the milestones are met as well. Since all of this will be done on the blockchain, it will be completely transparent as well.
With the help of customized smart contract executions thanks to the milestones, it will become much easier for you to work with the help of smart contracts. This will also mean that project-based execution of the smart contracts will be made possible as well.
Currently, the platform is coming out with an ICO.
W12 ICO details:
- Date of ICO: 01-11-2018 to 12-12-2018
- Token acronym: W12
- Price of token: 1 W12 = 0.00035 ETH
- Platform: Ethereum
- Currencies accepted: ETH, LTC, BTC
- Minimum investment: 1.5 ETH
- Hard cap: 22,500 ETH
The main reason why this platform holds such a lot of promise is that it makes smart contracts much easier to use. Moreover, it will also allow smart contracts to be used in a wide variety of applications as well. Owing to this very reason alone, the traction of the platform can increase significantly in the future.
Smart contracts have been one of the most popular features of blockchain technology. However, up until the execution of the smart contracts was strictly based on the verification of certain conditions. There was no negotiation in the conditions for the smart contract. This actually created problems. On the other hand, with the help of this platform, milestone-based execution of smart contracts will be made possible as well. As a result, it will become much easier for the stakeholders to execute the smart contracts according to the predefined returns as well. This will take smart contracts a step closer to replacing the actual contracts which we use these days.
Visit official site: https://tokensale.w12.io/
- Official link: https://tokensale.w12.io/
- Official Bitcointalk thread: HERE
- Link to the Whitepaper: HERE
- Bitcointalk Username: sorrros
- My Bitcointalk profile link: HERE