WINBIX - To create a new sales channel that allows participants to sell goods at bid prices at any time

How does the system work?

The system used the reverse auction model. The price of the goods falls until one of the participants stops the auction. The first buyer to stop the auction wins. Bidding and the lower limit of the price are defined by the WINBIX system using a special algorithm that takes into account the seller's requirements, the number of participants in the auction, results from previous rounds and other factors. Thanks to this algorithm, it is impossible to predict how the auction goes.

Have you noticed how much the trade and consumer relations between the seller and the customer have changed? They have become much more loyal. All sellers want to offer us more than just one product. All this is supported by a different system of discounts or other bonus cards and all sorts of cashbacks. Of course, this behavior is triggered by great competition in the commodity market, so each seller seeks to satisfy his customer to the maximum. However, despite all these marketing tricks, many sellers do not have time to sell all their collections in time and it turns out that they incur decent losses at the end of the season. To solve this problem with some traditional methods is extremely difficult, so a group of specialists suggested solving all the above problems by introducing several tools, which ones ?! You will find out later. The project, the concept of which we will analyze today, is called WINBIX. The main feature of WINBIX is that it is a decentralized platform with a built-in unique algorithm for the interaction of the seller with its customers. The whole principle of operation is based on one very well-known “Dutch auction” system, where during the auction the user can purchase one or another product for himself, at a very attractive price. The advantages of this system are simply indisputable since they solve one of the main problems of all sellers. You can realize absolutely all your goods, not at the expense of themselves, but at a nice price for the consumer. And since the entire WINBIX platform is a representative of the blockchain system, most of the functions built into it identify all the most important qualities of any blockchain network. That is, all transactions and actions within the framework of the platform are reliable and secure, both for the seller and the buyer. This excludes any non-quality and fraudulent transactions within the WINBIX platform itself.

The project broadcasts ERC-20 investment trains called WINBIX (WBX). WBX tokens are put into circulation through the DAICO procedure (smart contracted use of project funds) to protect participants. WINBIX only accepts investments in Ethereum. All relations with investors are based solely on smart contracts. The funds collected via PreDAICO / DAICO are kept in a smart contract. The project team does not have access to these funds. The project is funded through monthly funding (TAP).

What are the benefits of WINBIX products?

In the Winbix system, the lots are presented as common items: You can search for it, filter by different parameters, see product cards and its properties (as in a regular marketplace). But still there are many. You need to understand that the system can have multiple batches for each product, and each batch has its own story. If the item was sold (with appropriate good), the system will launch a new auction for the same item (if available in the warehouse) and it will be a new deal.

At the same time, we have developed functionality for online price changes in the product catalog without reloading the page. For each party there is a story about its changes. In the future, we will be able to determine which price reduction strategy is optimal, based on the data of the purchased lots.

What are the benefits of such a price reduction system?

The consumer buys the goods at the price that suits him
As a result, buyers influence the pricing
The seller sells his goods, which would be in stock
Seller receives sales statistics at the appropriate price

What are we working on now?

We improve the party's work system. The mechanism is already working and we test it in different conditions and with different input data to achieve maximum efficiency.

How to take advantage of WINBIX?

Participation in PreDAICO

Dear Investor!

PreDAICO of WINBIX is started! Tokensal goods from April 24, 2019 to June 22, 2019.

You can buy WBX tokens by transferring ETH to the address of the PreDAICO Smart Contract.

The minimum transaction size is 0.1 ETH.

Please note that the initial price of 0.00055 ETH / 1 WBX increases with every 5 million tokens sold. Hurry to buy at the lowest price right now!

Address of PreDAICO Smart Contract for ETH Transfer: 0x8a451BCD32a78661678E08a724C9f759906FD2Eb

Address of WBX token smart contract: 0x9AbBbA89700e1cE5A9A6E5d6748e5CC464c3771D

Note! An investor registered in the personal account receives bonus items in the amount of 10% of the number of tokens purchased. This volume can be increased by participating in our marketing programs. At the end of PreDAICO, the bet is converted to WBX tokens and transferred to the investor's Ethereum wallet. We strongly recommend that you read the quick guide to access all the features of the smart contract.

The investor checks the project

The team works according to the timetable and is funded monthly according to the budget graph. If an investor does not like the way the project team works, they can leave the project ex parte 45 days after the completion of the PreDAICO (90 days after the end of DAICO). Money is refunded from the smart contract according to the amount of tokens returned and the remaining balance in the smart contract, factoring in the refund coefficient, You can read more about our refund policy in the White Paper.

DAICO WINBIX is based on smart contracts that regulate all aspects of project and investor relations. The team has no tools to change the specified conditions.

Here are the main features of PreDAICO's smart contract:

WBX tokens are only awarded in the contract instead of Ethereum
After the completion of the PreDAICO, 10% of the sold tokens are awarded to Airdrop / Bounty contestants.
Unused and unassigned tokens are destroyed
the funds are not allocated to the project team
The funds are managed by Ethereum's smart contract and awarded to the team in parts - once every 30 days
After 45 days, the investor has an unconditional and exclusive right to return tokens to the project and receive
In our opinion, the use of DAICO WINBIX provides smart

contracts to reach two main goals:

Investor risks are reduced to the level of 2% - the size of the original TAP, after which, if the team allows inappropriate expenses, any investor can simply return WBX tokens to PreDAICO's smart contract to get his money.

The team's strong motivation for achieving a result at each stage of the allocation and expense of funds (see above section).

The code for our smart contracts is open, you can always check everything above at https://etherscan.io/

NOW IS TIME TO STAY WITH WINBIX

MVP

ANN

Author: sky light