Welcome and read articles from Nakamaye. This time, we will find out about "Winbix" system, which allows you to sell goods at the demand price at any time. The team of Winbix decided to withdraw the tokens to the market through the DAICO procedure to minimize the risks for investors and also to make the processes of fund-raising and expenditure transparent and safe. What and how? Let's find out about WINBIX.
About WINBIX
The WINBIX marketplace aims to create a new channel for sales, allowing participants to sell goods at demand prices at any moment. 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 specifics of the auctioning process are the intellectual property of the project: an application has been submitted to USPTO.
In order to attract funds, the project undertakes the DAICO with features:
+ The funds are managed by the smart contract and are allocated to the developers in parts
+ Creating the backed token (backed by Ethereum)
+ Maximum protection of investor & Unconditional right exiting the project
+ Buy back at a fixed price in Ethereum (100% per annum)
+ All profit to the investors, team tokens not reserved
From WINBIX.io we know this
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.
The investor controls the project
The team works according to the Roadmap and is funded monthly according to the budget graph. If an investor does not like the way the project's team is working, they can leave the project ex parte 45 days after the end of the PreDAICO (90 days after the end of DAICO). Money are refunded from the smart contract in proportion to the amount of tokens being returned and the remaining balance in the smart contract, factoring in the refund coefficient. You can read more about our refund policy in the Whitepaper. Download whitepaper here
Copyright
The specifics of the auctioning process are intellectual property of the project. an application has been submitted to USPTO.
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
Winbix PreDAICO smart contract for ETH transferring: 0x8a451BCD32a78661678E08a724C9f759906FD2Eb
Winbix Token (WBX) smart contract: 0x9AbBbA89700e1cE5A9A6E5d6748e5CC464c3771D
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 DAY
development and testing of the website, trading platform, payments system and other components of the WINBIX project
JULY – SEPTEMBER 2019
fine tuning of the trading platform, search for sellers
APRIL – JUNE 2019
PreDAICO
JUNE 2018 – MARCH 2019
preparation for the PreDAICO
SEPTEMBER 2017 –
TO THE PRESENT DAY
marketing research and search for suppliers
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
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The information about PreDAICO WINBIX is now available on 𝗧𝗿𝗮𝗰𝗸𝗜𝗖𝗢 website.
According to the results of the test, our project was 𝗵𝗶𝗴𝗵𝗹𝘆 𝗮𝗽𝗽𝗿𝗲𝗰𝗶𝗮𝘁𝗲𝗱 and got the maximum ⭐️𝗳𝗶𝘃𝗲-𝘀𝘁𝗮𝗿⭐️ rating!
More information about WINBIX:
winbix.io | Whitepaper | Telegram | Telegram | Facebook | Instagram | Twitter | Medium | Reddit | YouTube | LinkedIn | ANN
Bitcointalk forum https://bitcointalk.org/index.php?topic=5133390.0
Facebook https://www.facebook.com/winbix.market
Twitter https://twitter.com/WINBIX_channel
Medium https://medium.com/winbix
Telegram https://t.me/winbix_en
Website https://winbix.io/
Reddit https://www.reddit.com/user/winbix
YouTube https://www.youtube.com/channel/UCBCr7T7GX1pCTxArtrt7u9A/
LinkedIn https://www.instagram.com/winbix_channel/
MY WINBIX REFFERAL https://winbix.io/ref/260250107334764728277759
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Author by: NAKAMAYEbitcointalk forum username: nakamaye
Profile Link: https://bitcointalk.org/index.php?action=profile;u=1912512
My wallet addres: 0xaabE94FfEe84CbE596bBbda433D665238C1E8329
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