WINBIX - Channels that Enable Sellers to Sell Products Maximally
@ZeeMinHo
Hello everyone, in this review I will invite you to see how the company WINBIX works. following this explanation:
Recent advances in electronics and internet technologies have had major impacts on supply chain management and, in particular, on sourcing strategies and practices. One such development that has attracted the attention of many companies and gained popularity is the reverse auctions, also referred to as electronic or online reverse auctions. Over the past few years, many companies in a variety of industries have started using reverse auctions. The list includes GE, Boeing, Sun Microsystems, HewlettPackard, Proctor & Gamble and Dow Chemical, just to name a few.
A reverse auction is a type of auction in which sellers bid for the prices at which they are willing to sell their goods and services. In a regular auction, a seller puts up an item and buyers place bids until the close of the auction, at which time the item goes to the highest bidder. In a reverse auction, the sellers place bids for the amount they are willing to be paid for the good or service, and at the end of the auction the first buyer who stops the auction wins.
WINBIX: Reverse auction marketplace
WINBIX offers the most powerful online service of Reverse Auctions to buyers who are willing to obtain the best price for acquisition of goods, inviting sellers for a business on the Web during a predetermined period of time.
In WINBIX reverse auction marketplace, 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.
WINBIX generates income from commission fees paid by sellers on the platform, and also from their own business activities.
WINBIX Reverse auction model offers some significant benefits. The buyer is the primary beneficiary. Key benefits include reduction of purchasing costs, increased efficiency in the
market, enhancement of the procurement process, and access to a global supplier base.
Invest in WINBIX's WBX token
The WINBIX ecosystem will have its own investment token, WBX. WBX is implemented on the public Ethereum blockchain as an ERC-20 compliant token. WBX tokens are put into circulation through the DAICO procedure.
DAICO is a word association between the Decentralized Autonomous Organization (DAO) and the Initial Coin Offerings (ICO). DAICO helps to put in place more stringent management rules for ICO projects to avoid risks for investors, through rigorous rules. DAiCO allows token holders to vote for reimbursement of contributions if they are dissatisfied with the development process of the project development team.
For projects that implement the DAICO concept, it will force a level of accountability on developers and give token holders additional peace of mind that they are guaranteed to either see at least a minimum viable product or get their money back.
WBX DAICO Details
PreDAICO (April 24, 2019 - June 22, 2019)
- Emission: 27,500,000 WBX
- Token Price: 0,00055 - 0,00075 ETH (depends on the number of sold tokens)
- Softcap: 6,250,000 WBX
- Hardcap: 25,000,000 WBX
- *Tokens are not issued to the project team. Tokens that were not sold during the PreDAICO are destroyed.
DAICO (July 1, 2020, - September 28, 2020)
- Emission: 155,000,000 WBX
- Token Price: 0,0013 ETH
- Softcap: 31,250,000 WBX
- Hardcap: 125,000,000 WBX
- *Tokens are not issued to the project team. Tokens that were not sold during the DAICO are destroyed.
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
SEPTEMBER 2017 –
TO THE PRESENT DAY marketing research and search for suppliers
JUNE 2018 – MARCH 2019
preparation for the PreDAICO
APRIL – JUNE 2019
PreDAICO
JULY – SEPTEMBER 2019
fine tuning of the trading platform, search for sellers
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
To get more relevant details from the WINBIX project or join social media and sales crowds, please follow some sources for the following references:
Website: https://winbix.io/en
Whitepaper: https://winbix.io/whitepaper/Whitepaper_en.pdf
ANN thread: https://bitcointalk.org/index.php?topic=5130735
Telegram: https://t.me/winbix_channel
Facebook: https://www.facebook.com/winbix.market
Twitter: https://twitter.com/WINBIX_channel
Medium: https://medium.com/winbix
Author: Zee MinHo
My BitCointalk profile: https://bitcointalk.org/index.php?action=profile;u=2591339;sa=summary
My ETH: 0x46025d00C3b8F2d00616713CfE6438eC6F098542