WinBix: sales system
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  • The project
  • Token
  • PreDAICO
  • DAICO
  • Allocation of funds
  • Roadmap
  • FAQ
  • Bounty/Airdrop
  • Whitepaper
EN

Тhe WINBIX marketplace aims to create a new channel for sales, allowing participants to sell goods at bid prices at any moment.

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.

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

WBX token economics

WINBIX generates income from commission fees paid by sellers on the platform, and also from our own business activities. WBX token profitability is ensured by two instruments.

First instrument: buyback of tokens at a fixed price.

Done via the "BUYBACK" smart contract

From the day of the trading platform's launch and until the start of the DAICO, 100% of the income generated from commission fees will be used to purchase tokens at the price of 0.0013 ETH.

Timeframe after the end of the DAICO Percentage of the platform's income from commission fees used for buyback Buyback price of 1 WBX (ETH)
1 year 25% 0,0026
2 year 20% 0,0039
3 year 17,5% 0,0052
4 year 15% 0,0065
5 year 12,5% 0,0078

All purchased tokens are destroyed
Important! WBX tokens are bought back using the income of the WINBIX platform, and not with the funds gathered during the DAICO.

Second instrument: crediting of funds to the investor's account

Done via the "SECURITY" smart contract

Investor wallets are managed by the "SECURITY" smart contract. Investor profits are accumulated there. Investors can exchange their tokens for a share of the profits that has accumulated in this wallet at any time.

Timeframe after the end of the DAICO Percentage of the platform's income from fees, sent to investor wallets ("SECURITY").
1 year 25%
2 year 20%
3 year 17,5%
4 year 15%
5 year 12,5%

This way, the WBX token can be sold by the investor back to WINBIX as a part of the buyback program, or returned to the "Security" wallet. In the latter case the investor receives funds from this wallet (proportional to the amount of tokens being returned and the funds accumulated in the wallet). Tokens that were bought back and returned to investors' wallets are destroyed. Investor profit grows, since the price of WBX buyback and the amount of funds in the wallet grow constantly. The longer an investor holds their tokens, the more profit they are going to make.

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.

Whitepaper

PreDAICO

Duration: 60 calendar days.

Emission 27 500 000 WBX

25 000 000 WBX

Sale

2 500 000 WBX

Marketing 10% of sold tokens

Number of sold tokens Price (ETH)
1 – 5 000 000 0,00055
5 000 001 – 10 000 000 0,00060
10 000 001 – 15 000 000 0,00065
15 000 001 – 20 000 000 0,00070
20 000 001 – 25 000 000 0,00075

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.

In order to protect the interests of investors, 100% of the income from commission fees obtained before the DAICO will be used to purchase tokens at the fixed price of 0,0013 ETH through the "BUYBACK" smart contract. The tokens will then be destroyed.

At the start of the DAICO all token holders, who have purchased tokens, or received tokens through marketing campaigns during the PreDAICO GET THE RIGHT to be awarded tokens (+100%).

DAICO

Starts 12 months after the end of the PreDAICO. Duration: 90 calendar days.

Emission 155 000 000 WBX

125 000 000 WBX

Sale

2 500 000 WBX

Marketing 2% of sold tokens

27 500 000 WBX

Awarding additional tokens to PreDAICO participants

SOFTCAP — 31 250 000 WBX, HARDCAP — 125 000 000 WBX

Average sell price 0,0013 ETH

Tokens are not issued to the project team.

Unsold and undistributed during the DAICO tokens will be destroyed.

Participation in PreDAICO

Dear Investor!
The PreDAICO of WINBIX has started! The tokensale lasts from April 24, 2019, to June 22, 2019.
You can purchase WBX tokens by transferring ETH to the address of the PreDAICO smart contract.
The minimum transaction size is 0.1 ETH.

Please pay attention to the fact that the initial price of 0.00055 ETH / 1 WBX increases with every 5 million tokens sold. Hurry up to buy at the lowest price right now!

Address of the PreDAICO smart contract for ETH transferring: 0x8a451BCD32a78661678E08a724C9f759906FD2Eb

Address of the WBX token smart contract: 0x9AbBbA89700e1cE5A9A6E5d6748e5CC464c3771D

Note! An investor registered in the Personal Account receives bonus stakes in the amount of 10% of the number of purchased tokens. This volume can be increased by participating in our marketing programs. At the end of the PreDAICO, the stakes will be converted into WBX tokens and transferred to the Ethereum wallet of the investor.

We strongly recommend you to read the quick manual to gain access to all the functions of the smart contract.

Manual

Allocation of funds

  • 50% — marketing expenses for advertising the platform outside of Russia
  • 18% — compensation for financing losses in case a part of the participants leave the project (formed from TAP). If, by the end of the funding stage based on the PreDAICO smart contract there is still unencumbered balance, it will be used for DAICO advertising
  • 10% — operational expenses related to maintenance of activity of the trade platform
  • 7% — funding of the development of the platform and DAICO smart contracts
  • 5% — legal backing (including TM registration, patents, etc)
  • 5% — DAICO advertising expenses
  • 3% — marketing analysis: preparation for the post DAICO stage (marketing efforts in other countries; we will be using our experience from working with Russian-speaking countries in order to analyze retail margins)
  • 2% — reserve
  • 60% — marketing expenses for advertising the platform outside of Russia
  • 18% — compensation for financing losses in case a part of the participants leave the project (formed from TAP). If, by the end of the funding based on the DAICO smart contract, there is unencumbered balance, it will be used for marketing expenses for advertising outside of Russia
  • 10% — operational expenses related to maintenance of activity of the trade platform
  • 5% — platform development funding
  • 3% — marketing research
  • 2% — legal backing of the development process
  • 2% — reserve

Product MVP

The team started developing the MVP in July, 2018 at its own expense.

Go to winbix.com

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

FAQ

What guarantee can the team provide that the funds of investors will be stored securely?

In order to ensure the secure storage of investor funds, we sell the tokens via the PreDAICO/DAICO procedures. Collected funds are stored in a smart contract and the team receives monthly funding according to TAP

Is there a corellation between the profitability of the token and the results of the team's work?

WBX tokens are an investment instrument, and their profitability is clearly defined: Token economics

What happens to unsold tokens? How many tokens does the team reserve for itself?

All unsold and undistributed during the PreDAICO and DAICO tokens will be destroyed. Tokens are not issued to the project team.

Can participants leave the project?

Every participant can leave the project ex parte 45 days after the end of the PreDAICO (or 90 days after the DAICO) and get their unspent funds back in exchange for the tokens they had purchased.

How unique is this project?

The algorithm for the auction that controls price decreasing is intellectual property of the project.

The team

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

Co-Founder
Lead Developer

Dezhurko Mikhail

Fullstack Web Developer
Smart Contract Developer

Nikonova Olesya

Marketing Specialist

Morozova Olga

PR Specialist

General photo of the team

Actual address

Russia, Republic of Karelia, Petrozavodsk, Baltiyskaya street 5B, office 2

Registered address

Peterburi tee, 47 11415, Tallinn, Estonia

Bounty and Airdrop

You can participate in the advertisement of the project and receive system tokens.

Airdrop

Participation in personal account

Bloggers

Participation in personal account

www.bitcointalk.org

Referral Program

Receive WBX tokens for every investor, blogger or airdrop participant you invite