Introduction
_Trust and faith are the two important pillars for the success of any business. Every business consists of sellers and buyers. These participants establish a strong bond known as business relationship. Every business is considered as successful when they achieve customer satisfaction. Sellers wants to attract and retain their customers and for this they use many techniques and tricks. Sellers wants offer great deals, cashbacks and bonus points etc to keep the customer flow. Due to the heavy competition in the market, sellers wants to achieve maximum customer satisfaction. Despite these all efforts, sellers are not able to sell their products at the asking price. Usually customers wants to buy the products at lower rates than the asking price. Thus, sellers need to bear some loses in the process of customer satisfaction.
This kind of problem is experienced by many sellers worldwide. And to get the perfect solution for this model requires highly experienced professional's help. Thanks to the team of WINBIX, who are intended to solve these problems innovatively.
Project objective
The main aim of the project is to create a blockchain technology powered decentralized platform which improves the sellers and consumer's interaction and relationship. In order to achieve the healthy interaction the WINBIX teams relies on Dutch auction model. Which allow consumers to buy products at a very attractive price. This model helps both sellers as well as consumers. Sellers can easily sell all their goods and products without bearing the loss and customers get their products at a very attractive price. Thus, both the parties are happy with the interaction through WINBIX platform.
Working operation of WINBIX
WINBIX platform wants to achieve highest level of customer satisfaction along with satisfying the sellers needs. To achieve this WINBIX utilizes the power of blockchain ledger technology which provides transparency, security and trust in the every transaction done on the platform. It also helps to eliminate any unnecessary intermediaries from the platform. In order to understand the working principle of WINBIX model let's consider an example.
Let's say the seller wants to sell all the products available at his inventory. The seller knows the actual price of the product and below which he will not sell them. Thus, every customer wants to buy the products at different prices. The WINBIX displays the different offers for the product for different customers. In order to maintain fairness of the Dutch auction model. The price offers shown for different customers will not seen by any one. The seller has the ultimate power to decide the price of the each product that he wants to sell for each customer.
Let's say the seller wants to sell his suitcases for $100 each. But the customers wants to buy the suitcases at different prices range. Thus, the seller sells 5 suitcases at $100 and 7 at $70. So the average price for 12 suitcase sold is $82.5. If the same amount of suitcases are sold through WINBIX model the seller will get more profit. Let's understand how? As the every customer has his own price expectations for the suitcase that their going to buy. Some wants the suitcase at $100,$90,$85,$80,$75 and at $70. So considering so the different price segments for each customer that is from $70 to $100. Then WINBIX provides an exclusive offer for each customer between the price range of $70 to $100 as set by the seller. Thus, some customers buy the suitcases at random between the price range. As a result the average price for the 12 suitcases sold will be $89.5, which more profitable than earlier one which is at $82.5. Thus, WINBIX sale model will provides a profitable deal for each seller and buyer. This model also helps to maintain trust and healthy customer relationship at every stage.
Token structure
ā¢ Token ticker: WBX
ā¢ Platform: Ethereum ERC20
ā¢ Total tokens: 182,500,00
ā¢ Token price: 0.00055 ETH to 0.00065
Token distribution
**Pre DA ICO
**DA ICO
Roadmap
Conclusion
It is good to see such a real use case projects are developing on blockchain technology. Projects line WINBIX helps to accelerate the growth and adoption of blockchain and Crypto in mainstream sector. WINBIX helps to improve customer and sellers interaction through decentralized blockchain technology. This helps to maintain trust, fairness and transparency in every platform operation. WINBIX's Dutch auction model helps to maximize the sellers profit while maintaining the customer satisfaction. Here customers are also happy that they brought the products at the price they want. It is worth to note that the sale of WINBIX tokens will be done through DA ICO model which increases the credibility in the project.
Finally I would suggest you to read the official whitpepaper of the project for more details. This project needs much public attention and I wish all the best for this great project.
Learn more about WINBIX:
Website: https://winbix.io/en
Read Whitepaper: https://winbix.io/whitepaper/Whitepaper_en.pdf
ANN thread: https://bitcointalk.org/index.php?topic=5130735
Telegram: https://t.me/winbix_channel
Facebook: https://www.facebook.com/winbix.market
Twitter: https://twitter.com/WINBIX_channel
Medium: https://medium.com/winbix
LinkedIn: https://www.linkedin.com/company/winbix/
Reddit: https://www.reddit.com/user/winbix
Instagram: https://www.instagram.com/winbix_channel/
YouTube: https://www.youtube.com/channel/UCBCr7T7GX1pCTxArtrt7u9A/
GitHub: https://github.com/winbix/smartcontracts
About Author:
Bitcointalk username: Abhijeetcg
Bounty0x: abhijeetcg
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1676105;sa=summary
ETH address: 0x96e95a1F40cf5a50178053740ADE18046815362d
