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WINBIX The ICO Project

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Project Overview Updated:

Project name

WINBIX

Ticker ( Symbol )

WBX

Timeline ( UTC )

Closed

Target / Supply Amount

25,000,000 WBX
27,500,000 WBX

Description

Тhe WINBIX marketplace aims to create a new channel for sales, allowing participants to sell goods at the demand prices at any time. 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 specific features of the auctioning process are intellectual property of the project: an application has been submitted to USPTO.

Distinctive features of the WINBIX marketplace:
- 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
- price reduction increment is determined randomly, in the range of the previous price and stop price; thus, each subsequent price value remains unknown to the Buyer
- stock balance is unavailable to the Buyer, each lot (item) may be the last one
- 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
- the time interval for the price reduction is set by the Seller for every item
- 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;
- opportunity to create quotations for Sellers and, if approved, to purchase products at the desired price

Team Members

Generalov Alexey : Co-Founder, Chief Executive Officer
Krasnianskii Evgenii : Chief Marketing Officer
Li Roman : Co-Founder, Investor
Volkov Konstantin : Co-Founder, Chief Technical Officer
Vinogradov Stanislav : Lead Developer
Dezhurko Mikhail : Fullstack Web Developer, Smart Contract Developer
Nikonova Olesya : Marketing Specialist
Morozova Olga : PR Specialist

Token Platform

Technology

Country Base

Russia

Social Activities

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