This is a great idea we will definitely do this.

Hi, unsold tokens will be reserved for future funding of the project.

Only 30% of the 100M  tokens will be made available, the rest are distributed over a period of many years. So if you purchase tokens, and stake them, you will not be diluted, in fact, your ownership percentage of the total supply of coins will actually grow considerably.

It's very different, Incent is a proposed universal token, like BTC, marketed for the loyalty industry.

POINTS is a platform for issuing Ricardian contracts, that get evaluated on-chain. The platform allows merchants to create their own loyalty tokens with terms and conditions, like expiration date, which other loyalty points they are trade-able with, what they can be redeemed for and so forth.

The wallets we are developing and the templates for our specific contracts, both the merchant and consumer wallet, are designed for loyalty points, but the blockchain can be used to develop other products and services on, including financial instruments. 

No Merchants will create their own points using our merchant wallet and consumers will be able to get all their loyalty points in any of app of their choosing that supports our blockchain and token.

Hi no, so as a consumer, you will probably never see POINTS tokens. The POINTS blockchain works like a contract issuance platform. You create contracts, for example a loyalty contract that says the companies loyalty points are redeemable for Y products, with X expiry date, etc. The blockchain can execute this LEGAL contract. What it does is it executes it (evaluates the contracts clauses or terms and conditions) and based on the results can perform operations.

If Solidity is general purpose language, the POINTS execution language is a specific type of query/reasoner language that evaluates the contract and performs other operations.

In addition, the POINTS blockchain has methods for redeeming lost POINTS tokens and a universal protocol for communicating with Oracles.

So the blockchain can be used for issuing any simple legal contract, not just loyalty schemes but any financial instrument and other simple commercial contracts like car warranties.

However, all the Contract templates we are building as a company and all the UI's we are building are for the loyalty industry. This is what the industry needs to compete with companies like Amex, which are becoming the universal protocol for the loyalty industry.

If this doesn't make sense please ask what parts need to be clarified, I want people to understand why this is such an amazing project. In our opinion Ethereum is too general for what we need it to do, and BTC isn't meant to be an issuance platform. This solves our needs for a platform to tie in to our loyalty system.   

Hello, I've been told by the team this information will be released at the launch of the crowdsale. We will be offering significant bonuses.

Hello CjMapope, thanks for the comment. I'm sure I'm not going to change your mind in buying POINTS tokens, but here are some clarifications I want to address.

The "loyalty rewards thing" hasn't been done at all on a Blockchain, otherwise we would be in a world where:

1) there was a universal interface for the loyalty industry apart from incumbents like Amex;
2) where merchants weren't at the mercy of financial institutions for implementing a half decent loyalty system at unreasonable prices;
3) where any great bunch of product developers could build a wallet that worked with anyone's loyalty program that was issued on the network and we would see many innovative solutions;
4) where you could transfer points to your friends and family and they were tradeable on open marketplaces;
5) and mnay other points I could elaborate on.

There has been a lot of talk of doing loyalty on blockchains, but NO GROUP has actually done that, let's get that straight, its all been talk. There haven't been even that many projects formalized in this space and this should be one of the prime areas blockchains are used for. AFAIK, the only other company remotely doing something with loyalty and blockchains right now is loyyal (startup at least), but they are only a hyperledger reseller/VAR servicing the financial industry, to my understanding at least. Our philosophy is very different, we believe these technologies can lead to a world where commerce won't be dependent on financial institutions and our solution empowers merchants, that's why we need a public blockchain, credit card companies and the like are not our target market. I won't even mention why Incent is completely irrelevant to what we are doing, they are more of a marketing and business development exercise, its not a platform, which is what we are building.

I'm curious why you think PoW is the only fair solution, DPoS is very democratic, which is what we are using. So are many hybrid PoS/PoW systems and there are other potential solutions on the horizon (ALGORAND, Casper, etc) which are just as fair. We are building a solution for today, not the far future, we need the most scalable solution that works, for our immediate requirements, and that's DPoS.

As to why we are doing an ICO, well that's where we will have to agree to disagree. The solution we are developing won't get built by itself, we have a highly talented and skilled team in place, everyone involved with this company has developed successful products and services in the past, and by that, I mean real shippable products and services. I think product crowdsales can lead to a lot of innovation globally. There will be a lot of shitcoins and scams, and the community will have to learn and coalesce on self regulating themselves.

I, myself, have invested in many ICOs and have remained long on most of them.
 

Hello, here are social media links:

https://twitter.com/chainofpoints
https://www.facebook.com/chainofpoints

The team has a VK group, I will ask them later and a slack channel https://chainofpoints.slack.com

Thanks very much for your offer of support!

No they are not, INCENT is a marketing exercise, you might as well say BTC is a loyalty program. POINTS is a public blockchain for issuing contracts, the blockchain evaluates ricardian contract clauses and, also, has a standardized protocol for speaking with oracles and operations can be performed based on the results of both on-chain contracts and outside events. Chain of Points is using it for their Loyalty solution, but it could be used for issuing any simple commercial contract and also any financial instrument. Another neat feature is that we are working on protocols for reclaiming lost tokens and its DPOS based which is still the most scalable solution(we don't use any code from Graphene).

I haven't heard much from COVAL, but seems like LOYYAL have abandoned that idea and its not being worked on very seriously. Looks to me like LOYYAL are selling hyperledger based loyalty solution to financial institutions, while we are focused on an open platform for merchants, without unnecessary middlemen. I don't think that's an exciting business to be a hyperledger VAR, we want to really disrupt this industry and you can't by playing the same game that Amex and other aggregators do, you have to create an alternative that removes the need for them.