Rate WINBIX / WBX
About WINBIX / WBX
Тhe WINBIX marketplace aims to create a new channel for sales, allowing participants to sell goods at the demand prices at any time.
The system uses the reversed auction model. The price of the goods decreases until one of the participants stops the auction. The first buyer who stops the auction wins.
The target Project audience shall include:
- Sellers – small and medium intermediaries/manufacturers who cannot afford to bear the costs of organizing and maintaining online sales. Further, the marketplace will be useful for companies wishing to occupy a niche among customers with a limited income level (the target audience of bulletin boards, joint purchases);
- Buyers – people with average and below average income having to combine an acceptable consumption level and limited financial resources. The audience ready for time-consuming costs in exchange for the option of obtaining a satisfactory price offer.
|Token||WINBIX / WBX|
|Tokens for Sale||25,000,000|
|Price in ICO||0.0526 USD|
|Distributed in ICO||Unknown|
Timeline / Roadmap
Idea of holding the auction.
JANUARY – DECEMBER 2017
Working over the auction algorithm.
JANUARY – SEPTEMBER 2018
Team building, budget planning.
Development and testing of the System site, trading platform, payment System and other WINBIX System components.
Marketing research and selection of suppliers.
JUNE 2018 – MARCH 2019
Getting prepared to PreDAICO activities.
APRIL – JUNE 2019
JULY – SEPTEMBER 2019
Trading platform follow-up, selection of Sellers.
Marketplace launch in Russia.
JULY – SEPTEMBER 2020
Marketplace launch in Southeast Asian countries.
Commencement of activities in the US and EU.
The WINBIX System (hereinafter – the System) is designed to create a new sales channel that would make it possible for the Seller to sell the products with maximum efficiency and for the Buyer to buy for a reasonable price.
The System operation is based on the Dutch Auction principle, i. e. constant reduction in the product price until the products are sold or until the stop price level is achieved.
The System features include (please note that some reverse auction features constitute intellectual property of the Project):
Minimum price per each lot is determined randomly subject to the minimum price corridor established by the Seller, i. e. the minimum price per each lot is different and the value thereof remains unknown to the Buyer.
Price reduction increment is determined randomly, in the range of previous price and stop price; thus, each subsequent price value remains unknown to the Buyer.
Stock balance is unavailable to the Buyer, each lot (item) may be the last one.
Buyer can set any price value at which the System should notify the Buyer. This information is available to the Seller and provides an opportunity to forecast demand at different price levels.
Time interval for the price reduction is set by the Seller for every item
There is an established direct correlation between the Seller’s sale costs and the quality of provided services.
Opportunity to create quotations for Sellers and, if approved, to purchase products at the desired price.
Settlement of disputes by arbitration involving Sellers, Buyers and the System.
DAICO performance enabling the investor’s maximum protection.
Buyback and destruction of tokens at fixed prices through the BUYBACK smart contract.
Issue of personal WBX tokens (ERC-20).
Creating and financing the SECURITY smart contract (Ethereum security unit).