The WINBIX(WBX) 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.

The Company is mainly focused on providing intermediary services for the sale of products by auctions on the e-trading platform winbix.com.

Commission fees are charged for the services. Further, the Company plans to monetize the Buyers’ interest to each price reduction event through advertising. An increased number of product views are expected before purchase, as compared to traditional online stores, enabling the advertisers to increase the number of contacts with “hot” target audience.

The target Project audience shall include

Sellers:-
Small and medium intermediaries / manufacturers who cannot afford to bear the costs of organizing and maintaining online sales. Further, the marketplace will be useful for companies wishing to occupy a niche among customers with a limited income level (target audience of bulletin boards, joint purchases).

Buyers:-
People with average and below average income having to combine an acceptable consumption level and limited financial resources. The audience ready for time-consuming costs in exchange for the option of obtaining a satisfactory price offer.