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WINBIX ICO Review : WINBIX marketplace aims to create a new channel

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Caribbean Dream

About WINBIX 

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 specific features of the auctioning process are intellectual property of the project: an application has been submitted to USPTO. Distinctive features of the WINBIX marketplace minimum price per each lot is determined randomly subject to the minimum price corridor established by the Seller.

Basic Information

Token NameWINBIX
Token SymbolWBX
Social MediaWINBIX ICO Review :  WINBIX marketplace aims to create a new channel WINBIX ICO Review :  WINBIX marketplace aims to create a new channel WINBIX ICO Review :  WINBIX marketplace aims to create a new channel
PlatformEthereum
Token for sale25,000,000 WBX
Restricted countriesUnited States of America
CountryEstonia
WhitepaperClick Here For View Whitepaper
WebsiteClick Here For Visit ICO Homepage

Opportunity

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.”

Advantages

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 any disputes.

Features

Funds

The funds are allocated (TAP) in 2 days upon KYC finish (in 17 days upon DAICO finish, or in 19 days, if voting takes place and the extension of tokens sales is declined). TAP calculations shall take into account solely the amounts paid by the Buyers who passed through the KYC procedure. Thereafter, TAP allocations shall be made once per month, on the day corresponding to allocation of the first TAP. The established monthly TAP shall constitute 4%. TAP changes can be made by voting.

Sellers

The Sellers pay a commission fee to the System pro rata to the rating (Buyers’ satisfaction ratio). Fee calculation principle: for any effected sale, a commission fee is charged from the Seller in the amount of X% as of the sale value (depending on the sale region, product category). Based on the results of the billing period the average rating per each Seller is calculated and the paid commission (PC) is recalculated according to the following formula: commission fee amount = X-(PC×X)/10. The overpaid commission amount shall be refunded to the Seller’s account.

Arbitration

Like any other System, this System can be affected with disputes arising between the participants thereof; any participant can open a dispute. For the purposes of dispute settlement, a commission is formed randomly out of the Buyers, Sellers and token holders, in the ratio of (50,35,15). Each of the commission members can accept/decline the proposal of involvement in the dispute; those who declined are substituted by other participants of such random sampling. Participation in such commission is remunerated.

Target 

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) 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.

Tokens

On the commencement of DAICO procedure, all holders of tokens who acquired them through PreDAICO and passed through KYC (purchased and acquired them in the framework of marketing programmes) ARE ENTITLED to the additional accrual of tokens (+100%). For this purpose, 27 500 000 WBX tokens are booked under the smart contract. Additional accrual shall be made in the amount of +100% to the wallet balance as on request of such additional accrual, but not more than the minimum number of tokens on the wallet over the time from PreDAICO finish until request of such additional accrual.

Video

Team

Member
Generalov Alexey CO-FOUNDER
Li Roman CO-FOUNDER, INVESTOR
Vinogradov Stanislav LEAD DEVELOPER

Also Read – Click Here for Read All ICO Review

Quote This article is writing on 16 April 2019 based on information available online & news portal. If you feel it’s outdated or incorrect, please write here to update it. Mail us: [email protected] Or Whatsapp Us- +13098896258

Disclaimer:

Not all the websites Whi listed in Top List are 100% safe to use or investment. We do not promote any of those. Due diligence is your own responsibility. You should never make an investment in an online program with money you aren’t prepared to lose. Make sure to research the website. So Please take care of your investments. and be on the safe site and avoid much losing online.

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