The WINBIX 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
Time interval for the price reduction is set by the Seller for
Stock balance is unavailable to the Buyer, each lot (item) may
be the last one
Opportunity to create quotations for Sellers and, if approved, to
purchase products at the desired price
There is an established direct correlation between the Seller’s
sale costs and the quality of provided services
Settlement of disputes by arbitration involving Sellers, Buyers
and the System
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
DAICO performance enabling the investor’s maximum protection
Creating and financing the SECURITY smart contract (Ethereum security unit)
Buyback and destruction of tokens at fixed prices through the
BUYBACK smart contract
Issue of personal WBX tokens (ERC-20)
For the Seller
Extra profit from sell-outs due to uniform distribution
of sales along the "price" axis;
Each item is sold at а currently fair price;
If necessary, prompt disposal of the stock balance (stocks) by adjusting the price reduction time;
An option of adjusting the sales volume by changing the “stop price” range;
Marketing activities – focusing the audience’s attention on priority positions (sale of products not including any
Buyer feedback (“price reduction notice” tag) that makes it possible to forecast demand in case of changes in the price lower limit. The Seller will know the number of Buyers ready to purchase the products and the relevant
prices for every position. For example, 10 persons are ready to buy a certain pan model for RUB 2,000 while 200
persons can buy it for RUB 1,300.
For the Buyer
An opportunity to purchase products at the desired price. Even if the products price drops to the “stop price” level
and this level is unacceptable, the minimum price will be different at the next bidding stage (either higher or lower).
Further, it is not excluded that the products could be attributed to the “sales without stop price” category. To
maintain control over the position, it would be necessary to set the tag “send price reduction notice.”
For the System
The content is being updated constantly due to price changes influencing the resource traffic;
Non-linear price changes draw the Buyer’s attention to each stage of price reduction.
Correlation of the Seller’s costs and quality of services. How can the Buyer influence mala fide sellers now?
Write a bad review and refuse from buying from them, and this is all the feedback you can provide currently.
With our System, the Buyer will rate their “satisfaction level” per each transaction, influencing the amount of
commission directly paid by the Seller.
Independent arbitration system: opportunity for the System members to act as arbitrators on occurrence of
Consumer/Buyer communication intended to increase the quality of provided services: if necessary, the
Seller will be able to obtain a detailed assessment of the quality of works.
Receipt of information from the Buyers about price expectations per each item, including quantitative
assessment of such expectations by the Seller: usually, the Seller can only assume what the possible sale
volumes could be, while making any discounts. In our case, the Seller will obtain exact figures for notice
requests at each price level, per each item.
Due to the Buyers’ ability to make quotations for Sellers, the Sellers will have an opportunity of assessing
instant liquidity of stock balances, whereas the Buyers will have an additional opportunity of purchasing
products at a reasonable price.
Project access available to many persons interested in the Project development and securing return on
Blockchain and WINBIX
All data about transactions concluded through the WINBIX sales system will be kept in Ethereum (Events) blockchain, so that all participants involved in the process could be sure of performance of the declared conditions.
It is of prime importance to:
Sellers – on calculation of the commission fees amount;
Buyers – on calculation of ratings;
holders of the System tokens – option of checking calculation of the amount of tokens subject to buyback/burn
and credit of funds to the smart contract “SECURITY”.
Pre-sales: Apr 24, 2019 - Jun 22, 2019 Public sales: Jul 01, 2020 - Sep 28, 2020 Pre-sale token supply: 27,500,000 WBX Token supply: 155,000,000 WBX Total tokens for sale: 182,500,000 WBX Soft cap: 37,500,000 WBX Hard cap: 150,000,000 WBX
Blockchain Platform: Ethereum Country limitations: USA Registration country: Estonia Registration year: 2019 Office address: Russia, Republic of Karelia, Petrozavodsk, Baltiyskaya street 5B, office 2 Peterburi tee, 47 11415, Tallinn, Estonia
Social media: 22 Bitcoin talk signature campaign: 15 Other: 60
Ticker: WBX Type: Utility-token Token standard: ERC20 Token price in ETH: 1 WBX = 0.00055 ETH Accepted currencies: ETH Funds allocation: 60% — marketing expenses for advertising the platform outside of Russia 18% — compensation for financing losses in case a part of the participants leave the project (formed from TAP). If, by the end of the funding based on the DAICO smart contract, there is unencumbered balance, it will be used for marketing expenses for advertising outside of Russia 10% — operational expenses related to maintenance of activity of the trade platform 5% — platform development funding 3% — marketing research 2% — legal backing of the development process 2% — reserve
Offices on the map
JANUARY – DECEMBER 2017
development of the algorithm for the auction
JANUARY – SEPTEMBER 2018
team building, budget planning
JULY 2017 – TO THE PRESENT DAY
development and testing of the website, trading platform, payments system and other components of the WINBIX project
SEPTEMBER 2017 – TO THE PRESENT DAY
marketing research and search for suppliers
JUNE 2018 – MARCH 2019
preparation for the PreDAICO
APRIL – JUNE 2019
JULY – SEPTEMBER 2019
fine tuning of the trading platform, search for sellers
launch of the marketplace in Russia
JULY – SEPTEMBER 2020
launch of the marketplace in Southeast Asia
start of operations in the USA and EU
Co-Founder / Chief Executive Officer
Chief Marketing Officer
Co-Founder / Investor
Co-Founder / Chief Technical Officer
Fullstack Web Developer / Smart Contract Developer
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