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WINBIX

DAICO of WINBIX Sales System

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.

3.8
11 10 expert ratings
Benchy 4.0
KYC
Experts
3.1
4.2
3.9
Review: coming soon PRO
Ended
2019-04-24 - 2019-06-22
Starts in 315 days 4 hours
2020-07-01 - 2020-09-28
Token
WBX
Type
Price
1 WBX = 0.00055 ETH
Bounty
MVP/Prototype
Platform
Accepting
ETH
Soft cap
6,250,000
Hard cap
25,000,000
Country
Whitelist/KYC
KYC
Restricted areas
USA
Visit ICO website
Report
Changelly

About WINBIX

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).

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ICO KYC Report
2 members invited
Generalov Alexey
Passed
Volkov Konstantin
Passed
KYC procedure verifies selected/specific team members only. It does not guarantee ICO success nor is a call for investment.
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