W12 – is an open protocol for creation and execution of milestone based mostly good contracts. The protocol consists of good contract templates (no programming abilities required), DAO governance and a decentralized oracles community, that controls execution of the venture roadmap.
Such answer protects any fund contributor from intentional SCAM and unintentional failure, consequently brings belief and transparency between tasks and token consumers.
The fundraising marketing campaign could also be of any sort: Charity, ICO – each utility and safety, Crowdfunding and another crowd sourced fundraise and governance.
Fundraisers arrange a DAO, publish a roadmap and work in in accordance with it. The Oracles or group of token consumers examine if the marketing campaign is reaching the milestones and launch funds in tranches, solely when the milestones are met.
The W12 protocol is designed to be simply built-in into any current enterprise, platform or group. Inside of W12 ecosystem any of the events can simply arrange a DAO of the required sort: contributor, receiver, fund or provider. In addition, W12 offers a token sale platform, by which tasks can promote their tokens and simply launch fundraising campaigns based mostly on the W12 protocol.