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.
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
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 "PROVISION" smart contract
Investor wallets are managed by the "PROVISION" 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 ("PROVISION"). |
|---|---|
| 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 "Provision" 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.
PreDAICO
Duration: 60 calendar days.
Emission 27 500 000 WBX
| 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
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!
You get a chance to make the most profitable investment possible - to participate in the PreDAICO of the WINBIX sales system. To leave an application, let us know your email, and you will get the opportunity of immediate purchase of WBX tokens at the lowest price. Before the start of the PreDAICO you will get a proper reminder as well as an instruction how to use our smart contracts.
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.
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
Co-Founder
Chief Executive Officer
Chief Marketing Officer
Co-Founder
Investor
Co-Founder
Chief Technical Officer
Lead Developer
Fullstack Web Developer
Smart Contract Developer
Marketing Specialist
PR Specialist
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.
Referral Program
Receive WBX tokens for every investor, blogger or airdrop participant you invite