PROJECT REVIEW OF WINBIX SALES SYSTEM

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It has been observed lately that businesses are progressively moving to the new and latest blockchain innovation in which this has caused increased in the use of this new technology. This new blockchain innovation is as of now changing certain and important enterprises like banking, education, agriculture. This technology has the power and potential to change the entire ecosystem. But have you ever asked yourself why the sudden change of industries to the use and adoption of blockchain technology? Why is this technology so important and better than others we have seen before?

As I have mentioned earlier before, the application of blockchain technology in some areas has been impressive and today I will be discussing more about the application of this technology in sales and purchases of good and s

One good advantage of this technology is the decentralization which it offers to the whole ecosystem. Decentralization has solved lots of problems affecting all the sectors mentioned above and this is why whichever projects and businesses that want to succeed need to adopt this great technology. Because of the uniqueness of this technology is the reason why WINBIX has adopted this technology in its new project.

I know majority will be asking about the meaning of WINBIX and what exactly the project is all about. I will be taking my time in reviewing the full details of WINBIX project and likewise what it has come to offer the ecosystem.

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WINBIX is a marketplace developed for merchants around the globe in which people can easily trade at their own convenience without the involvement of any third-party, organization of government authorities. I know you might have been asking yourself how this can be made possible without the involvement of third-party. But the simple truth is that it is truly possible to trade without the involvement of third-party in which this is exactly what WINBIX project has come to offer through the use of blockchain technology. As I have said earlier on, blockchain technology has come to offer decentralization in which no third-party services required before any deals can be finalized.

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WINBIX platform is designed in such a way that merchants will be able to bid for their interested product at any time they want. The system is designed with a reversed auction model which means that the last bidder that stops the auction is the actual buyers of the product. This is a very good marketing strategy because there is always high level of trust and transparency with this method of sales. The auction is always made opened to interested members and individuals who would like to participate. The process is always free of manipulation unlike what’s been experienced in the other marketplace. Another thing I like about this platform and its algorithm adopted is the inability to determine the actual price not until the final bids is what makes the process interesting. People can speculate on the price but the real value will be determined by the last bidders during the auctions.

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In order to bring more transparency to the WINBIX marketplace, it has adopted the use of its own token in the platform. WINBIX has adopted the use of ethereum blockchain network which is one of the best blockchain networks in this century. WINBIX has adopted the use of smart contract address for the sales of its token for interested participants in which if the objectives of the projects are not been met, the investors can easily request for refunds. I said earlier on that this project is one of the best in terms of transparency because it’s very rare for us to see projects that will refund its investors if the goals are not been met.

Another thing to consider about WINBIX project is the buyback and burn program which the teams have introduced into the platform. WINBIX will be buying back the token with 100% profits generated from the commission fees in which all purchased token will be destroy and burned.

WINBIX token-sale is ongoing in which investors can easily buy the token through the use of WINBIX smart contract address. Presently, Pre-DAICO is ongoing in which early investors will be able to buy the token at a lesser price the other investors that bought later. Holding of WBX token will allow the investors have access to different rewards in the platform.

Token Type => ERC20
Blockchain Network => ETHEREUM
Token Symbol => WBX

TOKEN DISTRIBUTION
27,500,000WBX Allocated to Pre-DAICO
155,000,000WBX allocated to DAICO

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

Address of the WBX token smart contract: 0x9AbBbA89700e1cE5A9A6E5d6748e5CC464c3771D

WINBIX TEAM
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