A storm has hit the investment market which we are not going to recover from. Crypto investment is that storm. With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.
While this revolution is gaining wide acceptance, 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.
"Blockchain transforms not only sectors such as security, health, and finance but also many basic tenets of marketing. It digitizes touch points, makes digital payments, creates meaningful value, builds trust, and decentralizes advertising concepts. Marketers who recognize this will have a lucrative opportunity in front of them and an edge over others. Hence for salespeople and marketers, it is worth spending some time to understand the changes happening in this arena. Already companies based on blockchain are growing exponentially.
One of the challenges every business face is cash flow, and marketing agencies are not immune to it. Blockchain is the solution. It has some financial benefits and less tangible advantages. Getting started is super easy. There are plenty of companies help businesses that want to get Bitcoin set up as a payment option.
Blockchain is the new change on the horizon. Although it is already in the financial world, the uses of blockchain are far more wide reaching. It is shaking up many sectors along with all industries including supply chain, corporate responsibility, fashion designing, and digital advertising."
With that being said, the WINBIX System is intended to make another business channel that would make it feasible for the seller to sell their items with most extreme productivity and for the buyer to purchase at a sensible cost.
But before we go any further, please check out this video presentation to get even more acquainted
Now that I have your attention, let’s get right to it.
What exactly is WINBIX?
As depicted above and as indicated on the official website of WINBIX, 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 main objective of the emergence of the Winbix project is to create a new sales channel that will allow the seller to sell goods at the price of demand, and the buyer to purchase at the desired price. Naturally, the idea is very worthwhile, so the Winbix project management took care of intellectual rights and has already applied for a copyright patent. The basis of this system is the auction on the contrary, that is, the price does not rise, but lowers to a certain limit, which is determined randomly by the Winbix system.
The System features include:
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.
Stock balance is unavailable to the Buyer, each lot (item) may be the last one.
Time interval for the price reduction is set by the Seller for every item
Opportunity to create quotations for Sellers and, if approved, to purchase products at the desired price.
DAICO performance enabling the investor’s maximum protection
Issue of personal WBX tokens (ERC-20)
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.
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.
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.
Buyback and destruction of tokens at fixed prices through the BUYBACK smart contract.
Creating and financing the SECURITY smart contract (Ethereum security unit).
The sales method applicable under this Project has the following advantages:
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 “stop prices”);
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).
Furthermore, 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.
About The WINBIX token (WBX)
Winbix mainly focuses on offering services for the sale of products through auctions. As an e-commerce platform, winbix.com will serve as. The primary income source of the company will be the commission income from the sale of the products to be auctioned on the e-commerce platform.
The Winbix team uses pre - DACIO/DACIO, a method of fundraising recommended by Vitali Buterin. Pre DACIO makes up 75% of the markers sold at the end of the end. Softcap and hardcore targets are tried to be achieved.
WINBIX is an ERC20-based platform. WCX, which is the token of the platform, will be used in the operation of the platform. Tokens purchased from pre -DAICO and KYC are reserved with smart contracts as WBX tokens.Unlike traditional shops, the project tries to show the decline in prices with advertisements. Thus, it aims to attract the attention of the consumer. Currently, the project will be active in the future in China, the EU, and the US regions.
Token Name: WBX
Platform Token: Ethereum
Token Type: ERC20
Price ICO: 0.0526 USD
Tokens Sale: 25,000,000
Accepting Payment: ETH
Soft cap: 6,250,000
Hard cap: 25,000,000
Token sale and distribution, KYC
Allocation of funds
December 2016-Idea concept
January-December 2017: Development of algorithms for auction
January-September 2018: Team building, budget planning
July 2017-to date: Development and testing of the website, trading platform, payment systems and other components of the project WINBIX
July-December 2019: Trading platform refinement, find vendor
April-June 2019: Predaico
June 2018-March 2019: Preparation for PreDAICO
September 2017-Search for today's marketing research and suppliers
October 2019: Sunday launch in Russia
JULY - SEPTEMBER 2020: DEICO
October 2020: Market launch in Southeast Asia
October 2021: Start work in the USA and the EU
MEET THE AMAZING TEAM
Be a part of this incredible project. Download the whitepaper for the full scoop.
Till next time…
For more information, please visit:
ANN Thread: https://bitcointalk.org/index.php?topic=5130735
My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2487106
Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.