About WINBIX
Тhe WINBIX marketplace aims to create a new channel for sales, allowing participants to sell goods at bid prices at any moment.
How the system works
The system used 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 bid step and the lower limit of the price are defined by the WINBIX system using a special algorithm that takes into account the seller’s requirements, the number of participants in the auction, results from previous rounds and other factors. Thanks to this algorithm it is impossible to predict how the auction goes.
Watch this video!
Token
The project emits ERC-20 investment tokens called WINBIX (WBX). WBX tokens are put into circulation through the DAICO procedure (smart contract-controlled use of the project’s funds) in order to protect participants.
WINBIX accepts investments only in Ethereum. All relations with investors are based entirely on smart contracts.
The funds, gathered through PreDAICO/DAICO are stored in a smart contract. The project’s team does not have access to these funds. The project is funded through monthly funding (TAP).
WINBIX smart contracts: github.com
WBX token economics
WINBIX generates income from commission fees paid by sellers on the platform, and also from our own business activities. WBX token profitability is ensured by two instruments.
First instrument: buyback of tokens at a fixed price.
Done via the “BUYBACK” smart contract
From the day of the trading platform’s launch and until the start of the DAICO, 100% of the income generated from commission fees will be used to purchase tokens at the price of 0.0013 ETH.
ROADMAP
DECEMBER 2016 – Idea stage
JANUARY – DECEMBER 2017 – development of the algorithm for the auction
JANUARY – SEPTEMBER 2018 – team building, budget planning
JULY 2017 – TO THE PRESENT DAYdevelopment 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 – PreDAICO
JULY – SEPTEMBER 2019 – fine tuning of the trading platform, search for sellers
OCTOBER 2019 – launch of the marketplace in Russia
JULY – SEPTEMBER 2020 – DAICO
OCTOBER 2020 – launch of the marketplace in Southeast Asia
OCTOBER 2021 – start of operations in the USA and EU
For details information about WinBix, it is important to check their various links and channels indicated below:
Website: https://winbix.io
Whitepaper: https://winbix.io/whitepaper/Whitepaper_en.pdf
Telegram: https://t.me/winbix_en
Facebook: https://www.facebook.com/winbix.market
Twitter: https://twitter.com/WINBIX_channel
ANN Thread: https://bitcointalk.org/index.php?topic=5130735
Username : Ozie94
Profile : https://bitcointalk.org/index.php?action=profile;u=2103066
ETH : 0xDa2F65ea0ED1948576694e44b54637ebeCA22576
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