Every central bank is the trading cycle for their respective currency. USDT is a private currency of Fiinex. It is quite natural if Finex defines the trading cycle of USDT.
Fed is the trading cycle for USD. Finex is the trading cycle for USDT. Get used to it and move on!
I feel like one of us has entirely missed the point of this conversation. |
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It doesn't make sense. The timing of the creation of new USDT. Analysts have noted this often happens at critical moments, for example when the market is falling sharply or is threatening to breach a significant technical level. That would make sense if Tether are using those opportunities not only to buy cheap BTC, but potentially to manipulate prices higher in order to sell them at a better rate. Bullsh!t. Every margin trader is doing that. True. Though not every margin trader gets to print the currency with which they buy BTC. It's pretty well accepted that the creation of new USDT tends to occur at key points in the trading cycle. Margin traders borrow money that might or might not exist at the time trade is done. That's what banks are doing all the time while trading. They borrow overnight to finance their trading positions. Nobody knows in advance where are the key points in the "trading cycle". Those points become key points only after somebody invests a lot of money buying or selling. In this case acquiring a lot of USDT and selling them for BTC. By minting 100m usdt, Finex become the trading cycle. That's the whole point. |
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It doesn't make sense. The timing of the creation of new USDT. Analysts have noted this often happens at critical moments, for example when the market is falling sharply or is threatening to breach a significant technical level. That would make sense if Tether are using those opportunities not only to buy cheap BTC, but potentially to manipulate prices higher in order to sell them at a better rate. Bullsh!t. Every margin trader is doing that. True. Though not every margin trader gets to print the currency with which they buy BTC. It's pretty well accepted that the creation of new USDT tends to occur at key points in the trading cycle. |
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That Blackbot will also used by Incent? If so can you share some details about how long will you use or other deils maybe(maybe just up to certain price...)?
The idea is to use the bot to increase liquidity and market depth on the DEX, so that anyone using the DEX (including the Incent bought for distribution by merchants) won't experience undue slippage. Ultimately the market will be mature enough to support larger buys and sells without this kind of market-making, but for now it serves a useful purpose. So I guess we can say we'll use it as long as it's needed. |
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By the initial post of ANN is a 2016 project, but I have a question, how will I earn those rewards informed on the website: It lets you earn rewards, not just when you spend money, but whenever you do life online .?
It means that as a reward currency, it's not just about commerce - it will be possible for anyone to set up a system to incentivise any given behaviour. For example, a gym could give you Incent for completing your 10th workout, or you might get Incent for completing different stages of a sign-up/KYC process. |
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Grats Incent team on release of black bot! Will look into that and probably will help adding some liquidity to Waves/Incent pair.
That's great to hear! It would be fantastic to make DEX the go-to exchange for Incent trading. |
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It's a beta launch, with the first 50 customers added and progressively more coming on board as we are sure things are right. The idea is to build slowly, not suddenly have more users than we or the system can handle. Also, ideally none of the inevitable pump & dump, hype and sell the news that would accompany that.
We'll publish an update next week, but so far, so good.
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I've got my INCNT coins on an exchange, is there a wallet or a way for me to store these locally? And once the browser app is released, will that essentially function/be a wallet where I can send my coins to?
You should download a Waves wallet from www.WavesPlatform.com. Incent is a Waves token. The browser app is a wallet, but it's probably better as a crypto holder to keep them in the Waves wallet for now, since you can do cold storage, trade on the DEX, etc. How many businesses and how many customers have used the Incent Layalty program so far?
The pilot launches on 26th (tomorrow). Heads up! Incent is coming in.... less than 24h  Good luck guys with pilot launch! The best and long-awaited news from project developers team for a long time is definitely Incent Layalty program pilot launch. Guys, do you have a plan to conduct a live broadcast of this event? It's a beta launch, with the aim of collecting data and ironing out any bugs before wider deployment and marketing. |
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I've got my INCNT coins on an exchange, is there a wallet or a way for me to store these locally? And once the browser app is released, will that essentially function/be a wallet where I can send my coins to?
You should download a Waves wallet from www.WavesPlatform.com. Incent is a Waves token. The browser app is a wallet, but it's probably better as a crypto holder to keep them in the Waves wallet for now, since you can do cold storage, trade on the DEX, etc. How many businesses and how many customers have used the Incent Layalty program so far?
The pilot launches on 26th (tomorrow). |
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Thanks for the write-up. It's worth reiterating the purpose of the 50% Reserve, which is to ensure we can always remit funds to customers and maintain a liquid market. Because ultimately the Incent that is distributed to customers is bought from exchanges (whether that's pre-bought, in real-time or after the fact), we are dependent on those exchanges. Hence a Reserve is required in case one goes down for a while and our operational reserves aren't enough. |
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BlakBot is out or are still testing it? And is there any ETA?
Still testing but yes, that's a priority |
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2nd Note: While we are NOT open-sourced yet (we will be at first Beta release), we do not lock down our files, so you could open them up if you wanted to take a look at the code.
scam Please elaborate. I've briefly looked over the code and see nothing obviously malicious in it. Ignore, it's just some kid trying to up their post count |
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4. Look at Komodo, Wave, Ark other competitor, 90% of them crossed 500mil capacity, most even 1B
You noob. That means Block is undervalued relative to the competition and is due for a sharp upwards correction. Btw Komodo relies upon trusted watch only addresses. Wave isn't decentralised and uses a colored coin approach. I won't go into Ark's shortcoming's as I own some but it does have them. Cheap compared to competition and more decentralised. Remember this coin hung around 20 cents for approx 2 years before it increased 2000%. Not a bad year for Block at all. And it stemmed for being undervalued for so long. Don't believe me? Wait a couple of months and report back. What on earth is a "trusted watch only addresses". If it's a watch only address how can it be trusted? Also the watch only address was a bug that was fixed a while back.  I only stumbled on this thread again because I clicked on it by mistake, but this made me laugh. Waves is fully decentralised and I'm pretty sure it's worth swinging by the Komodo thread and getting that from the horse's mouth too because this guy is not well informed. |
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This is pretty cool but I can't make sense of the fee structure. Does it need updating?
I'd like to get a 10-character vanity address (including the initial '1'), starting 1BL....
That would take around a year to GPU mine on my laptop, which would obviously be impractical, but it's not an insane level of difficulty for a decent GPU. The quoted honest fee is 27,862 BTC, which I don't have.
What's the story here?
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Well this is pretty cool. So essentially, this is off-the-peg mining, which will hopefully make it vastly more accessible to regular people?
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While Incent promised boarding the first merchants in the beginning of 2017 (one year ago) competitors like RETN already boarded merchants like AliExpress for their cashback program. When is any real development to be expected in this project? And what does "roll-out 2017" mean in the title of your announcement thread?!? Seems like it is out dated...
I think if you'd read just a few posts up, or kept up in any way via Slack or our blog, you might have got your answer... TL;DR ask us again in 10 days. Thanks four your answer. So that means that the first merchant will be boarded in 10 days? Did I understand that correctly? We're launching on 26th, with a pilot scheme that seeks to establish market demand and attract partners via an affiliates programme. |
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While Incent promised boarding the first merchants in the beginning of 2017 (one year ago) competitors like RETN already boarded merchants like AliExpress for their cashback program. When is any real development to be expected in this project? And what does "roll-out 2017" mean in the title of your announcement thread?!? Seems like it is out dated...
I think if you'd read just a few posts up, or kept up in any way via Slack or our blog, you might have got your answer... TL;DR ask us again in 10 days. |
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Does INCNT have any connection with SuperNET these days?
I don't believe it ever did have a direct connection. OK thanks, I know you worked with jl777 before on SN Cassius, so thought he might have been an adviser Yep. Sure something rubbed off somewhere But no direct connection. |
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Does INCNT have any connection with SuperNET these days?
I don't believe it ever did have a direct connection. |
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