WINBIX SALES SYSTEM

N.B: The aim 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.

INTRODUCTION

Cryptocurrency, which is sometimes referred to as digital currencies operate independently of any central authority or banks and it is permissionless to use, the transaction is open & available for people to see.

Because it is decentralized, government authorities such as the Judiciary, Authorities in-charge of taxation, and the central banks do not find it appealing because it cannot be taxed and they don't have power to influence the transactions of traders/participants.

N.B: Cryptocurrencies Transaction cannot be cancelled, cannot be reversed and neither can it be disputed, This is the reason why newbies are advised to have someone who is experienced and careful to guide them whenever they want to carry out a transaction.

Cryptocurrencies can be obtained by buying/purchasing from a digital/crypto-currency exchanger platform, The exchanger allows the trader to exchange their Fiat( paper currency) to Alt coins of their choice. The top five (5) cryptocurrency Exchange can be find below:

Binance,
Bitmex,
Kucoin,
Changelly, and
Hobi Pro.

Cryptocurrency Trading platform have their own shortcomings such as: scalability, Cybersecurity issues, price volatility and lack of inherent value, Regulations, and abuse of trust which traders place on the crypto exchange all for the sake of profits, user-friendly interface, these shortcomings cause traders to panic.

As more technological innovations are uncovered, WINBIX, A System 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 came on board.

WHAT IS 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 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.

ADVANTAGES OF WINBIX

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.

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.”

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.

FEATURES OF THE WINBIX SYSTEM

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 TOKEN

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.

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.

Token Details

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

PreDAICO