WINBIX

Team ★★★
Vision ★★★★★
Product ★★★★

This project is interesting, I love the DAICO system, it has a lot of potential and empower to the investors with a transparent structure and vote rights.

The team has not enough blockchain and fundraising background, they really need to hire some good advisors to their crew.

Winbix has a working mvp, a very important point for any ICO.

Good luck team, you have all the tools to get your goals and objectives.

A project with tremendous potential, especially because Benchy evaluated it at 5, which is hard to do. They have vision, they have MVP and dedication. The only thing they do not have is the numbers of their team. I highly recommend you to expand your team.

Initially, on the surface I was not sure about this project. After taking a good look at the whitepaper, website and team, I had a few questions.

The CMO was more than willing to answer all my questions in detail and he also shed some light on what the strategy is going forward. I'm highly impressed with the attention to detail and the amount of time that will be spent in developing a live, working platform before they begin their main token sale.

They also have plans to expand the team once the preico is complete. This will allow them to add a bit of diversity to the current team.

The product/platform itself is a reverse auction offering that uses an algorithm to make it near impossible to predict the final price or to manipulate the auction.

→ Blockchain Advantage - ✅❤️
→ White Paper - ✅
→ Team Composition - ⛔️
→ Token Economics - ⛔️
→ Business Model - ✅ ❤️
→ Social Media Presence - ✅
→ Collaborations & partnerships - ✅
→ Fund Allocation - ⛔️
→ Legal Loopholes - ✅
→ MVP/ DApp/ Working Product  - ✅ ❤️

Advantage - They already have a working product and a very strong business model; a considerable amount of thought and work has gone in the project. Having token sale via DAICO and its various methods of benefiting investors are pretty well documented.

Disadvantage - The team is too lean. The project itself doesn’t have an inherent use of tokens beyond the fundraising needs as most of the people would want to use the top 5 - 10 - 20 coins for buying and selling goods. The requirements of smart contracts for resolution of conflicts is important though. No mention of KYC + AML partners or other partnerships like exchanges, shipping agency, etc is a cause of concern as well. Instead of burning tokens to increase liquidity, unsold tokens can be kept for increasing partnerships.

You can find my ratings methodology here- https://medium.com/@krishnenduchatterjee/ico-evaluation-investing-a-vc-perspective-for-investment-over-greedy-short-term-returns-433f6f9e13d8

A team with little background in retail or crypto have a good idea but the presentation is purely about the tokenomics. Does the company need tokens in operation of the business? Looks more like they want to raise money from an ICO and then learn how to implement their vision

Incredible small team of 8 individuals, they have passed the KYC though. Their Soft Cap and Hard Cap are ridiculous, you don't need at least 6 million dollars to make such a project. This is a serious red flag for me and it seems more of a profit scheme than actual commitment to the project.

Their vision is not quite original either, as I've seen many projects just like this.

An ingenious idea and an interesting product. A website that is easy to use and clear for a novice.

A small team, however, which may very quickly need advisors to carry out the project.

Marketing will have to be adapted because whatever the product, the project, as always it is the marketing part that will be decisive on the final results.

The core team needs to increase to cover the range of complexity for the project. Also there are no Advisors listed.

There are many marketplaces available for B2B and B2C that makes it challenging. How will the project grab the attention of
the core audience of buyers and sellers with enough volume and diversity of products? No mention of competition or unique proposition. There is no track record or MVP to indicate market interest.

There does not appear to be a strong community. The Facebook link not working and 2471 Twitter followers.

The 22-page whitepaper is helpful but could be more clearly written with better visuals. Those not familiar with the reverse auction and DAICO may be left confused.

Team: clearly a great bunch except I’m surprised you have no talents from outside the Russian soil. If you want to conquer markets outside Russia you have to at least have some talents from those sides and having not a single Advisor to this project is another issue in my ratings. However the founder has been very approachable and happy to answer my questions.

Vision: realistic soft and hard cap. Very much achievable with the right team.

Product: An interesting product with huge potentials as I said in my team review I think one of your weakness is your team otherwise this could be a serious contender in the field.


Good luck ahead, I am very happy to re-review again if you improve those highlighting issues in my ratings.

They should be able to answer a simple question: Why do you need to reach the soft cap? What will you produce with that amount of money?
The video must demonstrate what is the product they have or plan to build and where they plan to go by obtaining soft cap and hard cap.
Cheers,
Carolina