WinBix is a blockchain auction. Project presentation

By roland4 | bitcointime.eu | 30 May 2019

Let's talk about the project

It's time to get acquainted with an interesting idea, namely the WinBix market. The ideology is to create a sales channel, which will allow many participants to sell goods at very popular prices. The internal system, which is laid down here uses the so-called reverse auction model. At the time of the auction, the price of the goods will go down until one of the participants stops the process at all. The one who stops the auction and will be in the role of the winner. Everything will depend on the intellectual property of the project and so on.

Briefly, how does the system work?

Here, as I said, the reverse auction model is used. All steps of the bidding and the lower value threshold will be determined by the WinBix system itself. A certain algorithm will be used, which will take into account the requirements of the seller, as well as the number of participants. Do not forget about the results of previous rounds. And even taking into account all these factors, it is sometimes difficult to predict the outcome of the auction itself.

Details of token sale

The tokens here are based on the ERC-20 protocol and carry the WBX marker. All are put into circulation through the procedure DAICO, that is, it is a kind of smart contract, able to control the means of the project. This is done only to protect the participants themselves.

Only ETH cryptocurrency is accepted for investment. All transactions are carried out strictly through a smart contract.

Money that will be collected in the course of Pre ICO and so-called DAICO, will be stored in the smart contract. And the team, by the way, does not have access to all these tools.

WinBix will generate commission income, which will be paid by the sellers themselves, or from the business activity itself. Speaking of the profitability of the WBX token, it will be provided through two tools.

The first is to buy back tokens at a fixed price, and the second is to deposit funds to the investor's account.

PreDAICO
Total offer: 27 500 000 WBX
Allocated for sale: 25 000 000 WBX
The rest is dedicated to marketing

Minimal purpose of the training camp: 6 250 000 WBX
Maximum purpose of the training camp: 25 000 000 WBX

It is important to remember that tokens will not be given to the project team. Those tokens that will not be sold will be destroyed, that's what this is all about.

DAICO
This stage will begin 12 months after the end of PreDAICO. It will last as long as 3 months.
Total offer: 155 000 000 000 WBX
Allocated for sale: 125 000 000 WBX
The rest is for marketing and rewards.
The minimum purpose of the fees: 31 250 000 WBX
Maximum purpose of the training camp: 125,000,000 WBX
Cost per token: 0.0013 ETH

It is important to emphasize once again that the profit is directed exclusively to investors, while the team will not be allocated tokens. There is also maximum protection for the investor and of course there is the possibility of an unconditional right to withdraw from the project. The buyout will take place at a fixed price in Ethereum, and 100% per annum.

By the way, you can already see how the goods auction market looks like now, please visit the website - https://winbix.com

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