The WINBIX System (hereinafter – the System) is designed to create a new sales channel that would make it possible for the Seller to sell the products with maximum efficiency and for the Buyer to buy for a reasonable price.
The System operation is based on the Dutch Auction principle, i. e. constant reduction in the product price until the products are sold or until the stop price level is achieved
- Extra profit from sell-outs due to uniform distribution of sales along the "price" axis;
- Each item is sold at а currently fair price
The System operation is based on the Dutch Auction principle, i. e. constant reduction in the product price until the products are sold or until the stop price level is achieved
Advantages
For the Seller- Extra profit from sell-outs due to uniform distribution of sales along the "price" axis;
- Each item is sold at а currently fair price
- If necessary, prompt disposal of the stock balance (stocks) by adjusting the price reduction tim
- An option of adjusting the sales volume by changing the “stop price” range;
- Marketing activities – focusing the audience’s attention on priority positions (sale of products not
including any “stop prices”);
- Buyer feedback (“price reduction notice” tag) that makes it possible to forecast demand in case of
changes in the price lower limit. The Seller will know the number of Buyers ready to purchase the
products and the relevant prices for every position. For example, 10 persons are ready to buy a
certain pan model for RUB 2,000 while 200 persons can buy it for RUB 1,300.
For the Buyer
An opportunity to purchase products at the desired price. Even if the products price drops to the “stop price” level and this level is unacceptable, the minimum price will be different at the next bidding stage (either higher or lower). Further, it is not excluded that the products could be attributed to the “sales without stop price” category. To maintain control over the position, it would be necessary to set the tag “send price reduction notice.”
For the System
- content is being updated constantly due to price changes influencing the resource traffic;
- Non-linear price changes draw the Buyer’s attention to each stage of price reduction
- content is being updated constantly due to price changes influencing the resource traffic;
- Non-linear price changes draw the Buyer’s attention to each stage of price reduction
Other advantages
- Correlation of the Seller’s costs and quality of services. How can the Buyer influence mala fide
sellers now? Write a bad review and refuse from buying from them, and this is all the feedback you
can provide currently. With our System, the Buyer will rate their “satisfaction level” per each
transaction, influencing the amount of commission directly paid by the Seller.
- Independent arbitration system: opportunity for the System members to act as arbitrators on
occurrence of any disputes.
-Consumer/Buyer communication intended to increase the quality of provided services: if necessary,
the Seller will be able to obtain a detailed assessment of the quality of works.
-Receipt of information from the Buyers about price expectations per each item, including quantitative
assessment of such expectations by the Seller: usually, the Seller can only assume what the possible
sale volumes could be, while making any discounts. In our case, the Seller will obtain exact figures
for notice requests at each price level, per each item.
WINBIX token (WBX)
The Project issues its own investment tokens WINBIX (WBX), ERC-20 standard.
Tokens are sold through PreDAICO and DAICO procedures.
The number of issued tokens – 182 500 000 WBX
Tokens are sold through PreDAICO and DAICO procedures.
The number of issued tokens – 182 500 000 WBX
Allocation of funds
Funds received from the sale of WBX tokens are kept under PreDAICO smart contract, from which funds are allocated to the Project team through the monthly financing procedure (TAP).
The funds are allocated (TAP) in 2 days upon KYC finish (in 17 days upon PreDAICO finish, or in 19 days, if voting takes place and the extension of tokens sales is declined). TAP calculations shall take into account solely the amounts paid by the Buyers who have passed through KYC. Thereafter, TAP allocations shall be made once per month, on the day corresponding to allocation of the first TAP.
The funds are allocated (TAP) in 2 days upon KYC finish (in 17 days upon PreDAICO finish, or in 19 days, if voting takes place and the extension of tokens sales is declined). TAP calculations shall take into account solely the amounts paid by the Buyers who have passed through KYC. Thereafter, TAP allocations shall be made once per month, on the day corresponding to allocation of the first TAP.
TAP changes can be made by voting. The voting can be initiated solely by the Project team. The change can be approved with consent of 50% of voters plus one vote. Only Buyers of PreDAICO tokens who have passed through KYC procedure shall have the right to vote (tokens obtained due to marketing programmes and purchased in the secondary market do not participate in the voting).
The number of votes shall be proportional to the number of tokens on the wallet at the time of voting, but shall not exceed the minimum number of tokens on the wallet over the period from PreDAICO finish and until the time voting. If any token is removed to another wallet (other than PreDAICO token wallet), there will be no right to vote under such token. Voting cannot be initiated more frequently than once per 30 calendar days. The voting term shall constitute 14 calendar days.
Token buyback at fixed prices and token destruction
Within 5 years upon the DAICO finish, WBX tokens sold during PreDAICO and DAICO are subject to successive buyback. The buyback price is annually increased by 100% relative to the average DAICO price:
Within 5 years upon the DAICO finish, WBX tokens sold during PreDAICO and DAICO are subject to successive buyback. The buyback price is annually increased by 100% relative to the average DAICO price:
No limited number of redeemable tokens is stipulated. If during 96 hours no tokens are returned to the smart contract “BUYBACK” (provided that funds are available therein), i.e. no token holders are interested in the exchange thereof at the proposed fixed rate (see the table), the relevant funds shall be reallocated to additional financing under the smart contract “SECURITY”.
This rule shall be valid for each credit of funds under the smart contract “BUYBACK”. The redeemable tokens shall be destructed. The buyback and destruction of tokens shall be made using the smart contract “BUYBACK”.The buyback and destruction of tokens shall cease in 5 years upon the DAICO finish
Financial relations of the System participants
Project team
Revenue of the Project team is ensured by involvement thereof in the distribution of operating income under the Project
Revenue of the Project team is ensured by involvement thereof in the distribution of operating income under the Project
Token holders
Revenue of the token holders is ensured by increase in the fixed price of tokens buyback by the System (+100% per annum during 5 years) and increase in capitalization under the token security smart contract (without capping during 5 years).
Buyers
Involvement thereof in the dispute settlement commissions is remunerated.Further, the Buyer may receive additional remuneration from the Seller for finish (optionally) of a detailed questionnaire explaining the customer satisfaction level. The remuneration amount is determined by the Seller independently, subject to the need in feedback. Sellers
The Sellers pay a commission fee to the System pro rata to the rating (Buyers’ satisfaction ratio).Fee calculation principle: for any effected sale, a commission fee is charged from the Seller in the amount of X% as of the sale value (depending on the sale region, product category). Based on the results of the billing period the average rating per each Seller is calculated and the paid commission (PC) is recalculated according to the following formula: commission fee amount = X-(PC×X)/10. The overpaid commission amount shall be refunded to the Seller’s account.
Revenue of the token holders is ensured by increase in the fixed price of tokens buyback by the System (+100% per annum during 5 years) and increase in capitalization under the token security smart contract (without capping during 5 years).
Buyers
Involvement thereof in the dispute settlement commissions is remunerated.Further, the Buyer may receive additional remuneration from the Seller for finish (optionally) of a detailed questionnaire explaining the customer satisfaction level. The remuneration amount is determined by the Seller independently, subject to the need in feedback. Sellers
The Sellers pay a commission fee to the System pro rata to the rating (Buyers’ satisfaction ratio).Fee calculation principle: for any effected sale, a commission fee is charged from the Seller in the amount of X% as of the sale value (depending on the sale region, product category). Based on the results of the billing period the average rating per each Seller is calculated and the paid commission (PC) is recalculated according to the following formula: commission fee amount = X-(PC×X)/10. The overpaid commission amount shall be refunded to the Seller’s account.
For More Information :
Website : winbix.ioWhite paper : https://winbix.io/whitepaper/Whitepaper_en.pdf
Telegram : https://t.me/winbix_en
ANN :https://bitcointalk.org/index.php?topic=5130735.msg50559675#msg50559675
Facebook : https://www.facebook.com/winbix.market
Authors : Tellysa
Bitcointalk's Profile : https://bitcointalk.org/index.php?action=profile;u=1898514
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