Imagine when you want to make a charity online or you want to manage an online transaction, and you can create your own platform with a decentralized mechanism. Don’t you think it would be highly advantageous for everyone involved? Not only it is going to be beneficial for you but also for the other party that is dealing with you. No matter what side you are taking (a seller, a buyer, a donor, etc), you can make sure that you only enjoy a safe mechanism – nothing to lose or whatsoever.
W12 Principle and Concept
This is the concept introduced by W12 platform, enabling users to create a smart contract and use a simple, but secured, decentralized system to make sure that everything is legit and safe. The online system is convenient because it breaks geographical boundaries and limitations. Not to mention that the overall operation is made simpler, faster, and easier. However, you have to admit that such an online mechanism is risky. There are so many problems that have been caused by the implementation.
The Common Issues
All these years, the online system is somewhat prone to issues and trust issue. Scams are very common, leading to serious trust issues. Almost everyone is affected, and it is bad for crypto business and platforms. Some of the most common issues are:
- Investors are reluctant to invest their money because they are afraid that they may lose it. Not to mention that investing in early projects are often unprofitable and often risky
- Sellers are afraid to do online purchase because they are afraid of the quality of the goods or they are being lied to.
- Donors are afraid to do any online charity because they are probably scammed – the money may be taken by the organizer or being corrupted
How the W12 Solves the Issues
This is the platform that is focusing on a decentralized system. It means that everything can be managed through a peer-to-peer mechanism so a third party won’t be required or needed. With this mechanism, it creates a direct channel between the involved parties (donor-charity, seller-buyer, etc) and it also saves up money. After all, you won’t have to spend extra for the third party involvement so you won’t have to spare anything.
Moreover, this platform is implementing only the most current and advanced technologies. What can you expect from it?
- A smart contract is implemented so everyone’s rights and obligations are maintained, recorded, and managed. With the smart contract, every transaction is guaranteed to be safe and transparent
- The decentralized system also makes sure that all transactions will be transparent and open. Everything is laid out – nothing hidden or covered
- The cryptosystem makes transactions and payments easier. Since it is completely different from the regular banking system, everything is made simpler and faster.
W12 Token Functions
The tokens are used as the fuel to keep the platform up and running. The tokens will be used to reveal the access and services available in this platform. If you are thinking about joining the platform, come to the official site and contact the customer service.