maniecool: WINBIX

Blockchain technology has gotten to the level in which the whole world cannot do without it. We have discovered that this technology is making the news headline everyday which symbolizes global and rapid adoption of this technology. But despite the greatness and potential of this technology, there are still some things that needed to be improved upon its use. We have several and different blockchain network such as bitcoin blockchain, ethereum blockchain, eos blockchain, tron blockchain and some other more. The level of difficulties associated with each of this blockchain network varies based on the type of blockchain.
We have some blockchain that are more cumbersome and difficult to use than some others, we also have some that easy to use but they are lacking some other qualities. Let’s take for example the speed of transaction which is solely dependent on the nature of blockchain transaction. Some transactions do take several hours before it could be confirmed on the blockchain network, some blockchain also charges high transaction and mining fees. This is the reason why a new team has gathered around to rectify this problem by launching a new blockchain project known as
WINBIX

WINBIX platform is designed in such a way that merchants will be able to bid for their interested product at any time they want. The system is designed with a reversed auction model which means that the last bidder that stops the auction is the actual buyers of the product. This is a very good marketing strategy because there is always high level of trust and transparency with this method of sales. The auction is always made opened to interested members and individuals who would like to participate. The process is always free of manipulation unlike what’s been experienced in the other marketplace. Another thing I like about this platform and its algorithm adopted is the inability to determine the actual price not until the final bids is what makes the process interesting. People can speculate on the price but the real value will be determined by the last bidders during the auctions.

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 Advantages

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.