?he WINBIX marketplace aims to create a new channel for sales, allowing participants to sell goods at bid prices at any moment. WINBIX ICO rating – not rated.
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PRE ICO Dates : 22/04/19 – 22/06/19
About WINBIX ICO (token sale)
The WINBIX ICO 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 WINBIX ICO 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 WINBIX ICO 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
- 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)
WINBIX ICO Advantages For the Seller
- Extra profit from sell-outs due to uniform distribution
- Each item is sold at а currently fair price; of sales along the “price” axis;
- 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”);
WINBIX ICO Advantages 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.”
The number of possible simultaneous “price reduction notices” is directly proportional to the Buyer’s rating.