This entire auction system and the WBX token economics, explained in the whitepaper, is interesting and all, but I am still concerned about the allocation of funds obtained through the DAICO. The WinBix team indicates that they intend to spend half of the raised funds on marketing outside Russia. I know that sufficient marketing is of vital importance for any blockchain project, but it is also important to reserve enough funds for platform development. Nevertheless, it looks like WinBix is doing fine, so good luck to them.
The model of reversed auction, applied by WinBix is something new for the field of e-commerce, which makes me think that they might gain good recognition, if the system proves to be viable. The token buyback and the “security” smart contracts also represent interesting features that will surely add to the overall appeal of the project. But the thing that has completely won me over was the provided possibility for the investor to exercise control over the realization of the roadmap. WinBix already has the product MVP which works fine, so I can conclude that this is a sustainable project.
To tell you the truth, I was vastly skeptical about all the other ICOs, mainly because I considered them all as nothing more than scam, and sometimes their aggressive and obtrusive advertising really unnerved me. Can’t really say anything about their marketing methods but the concept of DAICO implemented by WINBIX invites some confidence. I mean their philosophy seems to be more about democracy and letting people vote on the important decisions. And I also like the overall idea of the Dutch auction. I can’t say that I will dive headfirst into crypto investing, screaming, “Take my money”, but I will definitely consider WINBIX as a possible stepping stone.
We list the most relevant upcoming crypto market ICOs
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WINBIX: A Tokenized Dutch Auction-Based Marketplace WINBIX is an e-trading platform produced in 2018 by a group of digital entrepreneurs, software developers, and marketers from the Russian Federation. The Ethereum blockchain served as a basis for this peculiar online marketplace which operates...
|1||Ledder||Aug 01||Dec 31|
|2||Tixl||Jul 17||Sep 30|
|3||BitWings||Jun 03||Nov 30|
|4||Pbet||Jun 18||Dec 15|
|5||Cinemadrom||Feb 03||Apr 30|
|6||GRAYLL||Jun 03||Oct 27|
|7||Yachtco||Aug 04||Feb 04|
|8||Monart||Sep 01||Oct 31|
|9||GOVEARN||Jun 23||Dec 31|
|10||Dyno||Jul 01||Sep 30|