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Author Topic: [ANN][INCNT] Incent Loyalty | Waves Token | Traded on Bittrex | Roll-out 2017  (Read 458638 times)
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November 11, 2016, 05:53:50 PM
 #1521

Been very these days. Any more updates? I am more interested on possible partnerships with some business entities especially there in Australia were Incent team is based. Heard before that there were presentations made in a big business group. Incent should become a great coin soon.
Rob and Peter are working hard on sealing new partnerships, I'm sure we will soon get an update from them!

What ICO has been completed

No, ICO is still going until November, 30. Don't lose out  Wink
KarlKarlsson, I have a question for you, don't you think the way the price was fixed affected the fund raised so far, I invested initially when the price was 1btc =10000Incent tokens but now 6000 incent tokens, I wish to invested more but going by the recent ICO performances on exchanges I decided to hold on, unlike when there will be a fixed amount of tokens to be distributed among all investors


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November 11, 2016, 06:24:11 PM
 #1522

Been very these days. Any more updates? I am more interested on possible partnerships with some business entities especially there in Australia were Incent team is based. Heard before that there were presentations made in a big business group. Incent should become a great coin soon.
Rob and Peter are working hard on sealing new partnerships, I'm sure we will soon get an update from them!

What ICO has been completed

No, ICO is still going until November, 30. Don't lose out  Wink
KarlKarlsson, I have a question for you, don't you think the way the price was fixed affected the fund raised so far, I invested initially when the price was 1btc =10000Incent tokens but now 6000 incent tokens, I wish to invested more but going by the recent ICO performances on exchanges I decided to hold on, unlike when there will be a fixed amount of tokens to be distributed among all investors
I don't really get your question  Smiley The price difference is the same, be it an ICO with a fixed price or a fixed number of coins to be sold. Question is more if you personally believe Incent will be worth more than the price you can buy it for now. For me, this is the case why I will most probably make another purchase towards the end of ICO.

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November 11, 2016, 08:12:24 PM
 #1523

Been very these days. Any more updates? I am more interested on possible partnerships with some business entities especially there in Australia were Incent team is based. Heard before that there were presentations made in a big business group. Incent should become a great coin soon.
Rob and Peter are working hard on sealing new partnerships, I'm sure we will soon get an update from them!

What ICO has been completed

No, ICO is still going until November, 30. Don't lose out  Wink
KarlKarlsson, I have a question for you, don't you think the way the price was fixed affected the fund raised so far, I invested initially when the price was 1btc =10000Incent tokens but now 6000 incent tokens, I wish to invested more but going by the recent ICO performances on exchanges I decided to hold on, unlike when there will be a fixed amount of tokens to be distributed among all investors
I don't really get your question  Smiley The price difference is the same, be it an ICO with a fixed price or a fixed number of coins to be sold. Question is more if you personally believe Incent will be worth more than the price you can buy it for now. For me, this is the case why I will most probably make another purchase towards the end of ICO.

Also, some undervalued ICOs like Stratis have been going really well. I think Incent will perform similarly to Stratis if there's surprising positive news and the development is on time.

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November 11, 2016, 11:53:04 PM
 #1524

Incent price is;
6,000 / BTC
3.18 / Waves
ICO will close in...19 day left.. Still have a chance to invest there Cool

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November 12, 2016, 09:27:20 AM
 #1525

Been very these days. Any more updates? I am more interested on possible partnerships with some business entities especially there in Australia were Incent team is based. Heard before that there were presentations made in a big business group. Incent should become a great coin soon.
Rob and Peter are working hard on sealing new partnerships, I'm sure we will soon get an update from them!

What ICO has been completed

No, ICO is still going until November, 30. Don't lose out  Wink
KarlKarlsson, I have a question for you, don't you think the way the price was fixed affected the fund raised so far, I invested initially when the price was 1btc =10000Incent tokens but now 6000 incent tokens, I wish to invested more but going by the recent ICO performances on exchanges I decided to hold on, unlike when there will be a fixed amount of tokens to be distributed among all investors
I don't really get your question  Smiley The price difference is the same, be it an ICO with a fixed price or a fixed number of coins to be sold. Question is more if you personally believe Incent will be worth more than the price you can buy it for now. For me, this is the case why I will most probably make another purchase towards the end of ICO.

the price difference comes as a bonus for early participants. the earlier you get into the ICO, the cheaper you'll get INCENT tokens.
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November 12, 2016, 10:14:37 AM
 #1526

Been very these days. Any more updates? I am more interested on possible partnerships with some business entities especially there in Australia were Incent team is based. Heard before that there were presentations made in a big business group. Incent should become a great coin soon.
Rob and Peter are working hard on sealing new partnerships, I'm sure we will soon get an update from them!

What ICO has been completed

No, ICO is still going until November, 30. Don't lose out  Wink
KarlKarlsson, I have a question for you, don't you think the way the price was fixed affected the fund raised so far, I invested initially when the price was 1btc =10000Incent tokens but now 6000 incent tokens, I wish to invested more but going by the recent ICO performances on exchanges I decided to hold on, unlike when there will be a fixed amount of tokens to be distributed among all investors
Every ICO offer bonus to early participants. If you look at it this way then those early participants will get around %65 bonus for investing during earlier days
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November 12, 2016, 11:12:11 AM
 #1527

I  have a couple of questions:

a) Regarding the reserve fund:

Merchant A rewards Customer B with x INCENT at PoS. The tokens are transfered to the customer's wallet from the reserve fund. A few days latter, you guys get paid y amount in fiat, which you use to buy bitcoin. you then proceed to buy INCENT in the open market to balance the books. This creates demand for the token and benefits savers and investors. Great!

But what happens when a customer wants to redeem his tokens? Customer pays in incent, you guys probably have to wire the merchant the equivalent amount in fiat(since the reason Rob started this project is that most merchants dont care about BTC). In order to balance the books, you know have to sell the INCENT you got from the customer in order to replenish your fiat reserves, causing the price to fall.

So, all things being equal the price stays the same, right? Am I  missing something here?

b)Also how do merchants deal with volatility in fiat terms? e.g., a merchant might issue a token for $ 1 in INCENT, only to see it go to $2 a couple of months later. How do you deal with this issue?

c) Regarding Waves:
You guys said that an increase in the price of Waves won't result in the appreciation of the INCENT token. Could you share the rationale for making that statement?

As things stand, INCENT's fate is very much tied to Waves and Sasha. The project might be able to recover in the long term should Waves fail, but in the short term it would be disastrous for you guys. As such, I  think it is only fair the price of INCENT should benefit from the appreciation of the Waves token.

Thanks in advance.
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November 12, 2016, 11:26:16 AM
 #1528

I  have a couple of questions:

a) Regarding the reserve fund:

Merchant A rewards Customer B with x INCENT at PoS. The tokens are transfered to the customer's wallet from the reserve fund. A few days latter, you guys get paid y amount in fiat, which you use to buy bitcoin. you then proceed to buy INCENT in the open market to balance the books. This creates demand for the token and benefits savers and investors. Great!

But what happens when a customer wants to redeem his tokens? Customer pays in incent, you guys probably have to wire the merchant the equivalent amount in fiat(since the reason Rob started this project is that most merchants dont care about BTC). In order to balance the books, you know have to sell the INCENT you got from the customer in order to replenish your fiat reserves, causing the price to fall.

So, all things being equal the price stays the same, right? Am I  missing something here?

b)Also how do merchants deal with volatility in fiat terms? e.g., a merchant might issue a token for $ 1 in INCENT, only to see it go to $2 a couple of months later. How do you deal with this issue?

c) Regarding Waves:
You guys said that an increase in the price of Waves won't result in the appreciation of the INCENT token. Could you share the rationale for making that statement?

As things stand, INCENT's fate is very much tied to Waves and Sasha. The project might be able to recover in the long term should Waves fail, but in the short term it would be disastrous for you guys. As such, I  think it is only fair the price of INCENT should benefit from the appreciation of the Waves token.

Thanks in advance.

Hey De Selby,
a) You're right, we'll have BTC/fiat and Incent reserves so we can send Incent and regular cash to merchants and customers promptly. There will be overall pressure on the price of Incent for a couple of reasons at least. The spread (we will redeem Incent at a slightly lower price than it's bought) for a start. Also, the merchant ecosystem will expand rapidly in the early months and years. A lot of Incent will therefore be bought. There will necessarily be a lag between that being sent to the customer and the customer redeeming it - if in fact they do, since many will probably hold as an investment or possibly forget about it! Essentially, any adoption brings greater scarcity of available supply.

b) If a merchant issues a token when Incent is $1 and it's at $2 when the customer redeems it, that's good for both of them! Remember, Incent is just another form of money. It's not backed by that individual merchant, it's sold at market price. This is one of the things that merchants love about Incent - there's no forward liability.
Of course, Incent may be worth less when it's redeemed by the customer, due to market fluctuations. That's not great, but everyone knows what the deal is from the start at the value of Incent in fiat will be displayed to the customer in the app. Also, we've designed Incent in such a way that the value should rise sustainably over the long term, whatever short-term volatility there is.

c) Waves is a platform and Incent a Waves token. So Waves is a tool here, rather than 'backing' Incent in some way. Incent will trade against fiat (merchants buying and redeeming) and BTC (on exchanges). Confidence in Waves is important, but so long as the platform works well I don't see that the price of Waves should materially impact the price of Incent once it's in the wild and being used as intended.

Does that all make sense?
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November 13, 2016, 04:52:26 PM
 #1529

The Greek ann thread will be updated again on the 25th of November

★★★ 295+ GREEK★★★TRANSLATIONS ★★★
FAST ★★★ FLAWLESS ★★★ CHEAP ★★★ https://bitcointalk.org/index.php?topic=1175769.new#new
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November 13, 2016, 07:51:14 PM
 #1530

While making purchase, it is important that currency is not volatile.
If a person purchased a good of $ 10 and receives $1 worth tokens at that time.
He goes to another shop after one year, and he finds out that tokens are now worth $0.5 only. This would not be good for customers as they would be at risk fictions price.

So how would you prevent such situation?
Correct me if I'm wrong somewhere in my assumptions.


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November 13, 2016, 10:13:32 PM
 #1531

While making purchase, it is important that currency is not volatile.
If a person purchased a good of $ 10 and receives $1 worth tokens at that time.
He goes to another shop after one year, and he finds out that tokens are now worth $0.5 only. This would not be good for customers as they would be at risk fictions price.

So how would you prevent such situation?
Correct me if I'm wrong somewhere in my assumptions.

Much of the opportunity here depends upon allowing Incent to trade on the open market as you would with any publicly traded company's stock.
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November 13, 2016, 10:16:11 PM
 #1532

While making purchase, it is important that currency is not volatile.
If a person purchased a good of $ 10 and receives $1 worth tokens at that time.
He goes to another shop after one year, and he finds out that tokens are now worth $0.5 only. This would not be good for customers as they would be at risk fictions price.

So how would you prevent such situation?
Correct me if I'm wrong somewhere in my assumptions.

How to deal in a situation where you invest 1BTC $600 and after the ico you can't get more than 0.9BTC $600.

In this case we see that in both time period the value of investment is the same but btc volume isn't?

.

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November 13, 2016, 10:33:57 PM
 #1533

While making purchase, it is important that currency is not volatile.
If a person purchased a good of $ 10 and receives $1 worth tokens at that time.
He goes to another shop after one year, and he finds out that tokens are now worth $0.5 only. This would not be good for customers as they would be at risk fictions price.

So how would you prevent such situation?
Correct me if I'm wrong somewhere in my assumptions.
Incent is designed to increase in value simply by bringing in more and more merchants. This is what we will be working at the most after the end of ICO. Nevertheless, there might be periods in which Incent decreases, as any other currency/asset.

More importantly, however, is the fact that he received 0.5$ spendable in the whole Incent network. We are sure customers will soon appreciate the advantages open value offers them and rate this more important than having lost parts of their reward.

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November 13, 2016, 11:09:26 PM
 #1534

While making purchase, it is important that currency is not volatile.
If a person purchased a good of $ 10 and receives $1 worth tokens at that time.
He goes to another shop after one year, and he finds out that tokens are now worth $0.5 only. This would not be good for customers as they would be at risk fictions price.

So how would you prevent such situation?
Correct me if I'm wrong somewhere in my assumptions.

Incent is designed to increase in value simply by bringing in more and more merchants. This is what we will be working at the most after the end of ICO. Nevertheless, there might be periods in which Incent decreases, as any other currency/asset.

More importantly, however, is the fact that he received 0.5$ spendable in the whole Incent network. We are sure customers will soon appreciate the advantages open value offers them and rate this more important than having lost parts of their reward.

As of now, loyalty points can only be redeemed with the issuer and only then for a finite period. Once live, Incent will be redeemable anywhere, forever. To the holder, they will be 'money good'. This is, to use Peter Thiel's vernacular, a 10x improvement.

Blockchain makes this possible, through creation of token of finite supply aimed at this specific function.

Our thesis is that consumers will love this (open) value proposition and because Incent incurs a fraction of the operating costs and liability of conventional schemes - so will merchants.

The result will be regular and building demand for the token on the secondary market, as more and more merchants adopt - with the associated impact on token price.

Put another way, while the scenario you envisage is theoretically feasible, we deem it highly unlikely. And bear in mind that any conventional loyalty point is worthless - by design - at the one year point. Viewed from this perspective even 50 cents on the dollar is a significant improvement on the current status-quo.

In the meantime, the value proposition for holders of Incent (as a speculative investment) is similarly strong, as the project will see mainstream commerce paying to put crypto into the wallets of mainstream consumers. Every single transaction from every single participating merchant will result in a new demand impulse for Incent on the secondary market.

RW.
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November 14, 2016, 12:48:29 AM
 #1535

Hello please pay attention to your tve account....how come that fake twitter account could give incent for RT

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BicolIsarog
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November 14, 2016, 12:58:40 AM
 #1536

Hello please pay attention to your tve account....how come that fake twitter account could give incent for RT

Please give an action to this matter. I think many bots are working on this.
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November 14, 2016, 01:55:19 AM
 #1537

Hello please pay attention to your tve account....how come that fake twitter account could give incent for RT

Please give an action to this matter. I think many bots are working on this.
Actually, The Viral Exchange is top-notch in terms of bot detection. Which twitter account is fake?

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November 14, 2016, 01:57:25 AM
 #1538

Guys, don't forget to join our Slack > https://incentinvites.herokuapp.com/

On another note, Waves development is coming along nicely, here the latest update: http://coremedia.info/index.php/waves-news/item/347-waves-weekly-no-17

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November 14, 2016, 04:00:42 AM
 #1539

16 days, 20 hours and 2 minutes  Grin Took almost forever.
Incent and the rest like DAR will neeed WAVES fullnodes before its going to be released right? I would assume it will still be 16 days still before sasha release them too. true?

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November 14, 2016, 04:39:52 AM
 #1540

16 days, 20 hours and 2 minutes  Grin Took almost forever.
Incent and the rest like DAR will neeed WAVES fullnodes before its going to be released right? I would assume it will still be 16 days still before sasha release them too. true?
You are right twice. We depend on Waves' asset issuance feature to launch Incent. The good thing is that the full node release candidate is ready (see official github) and to be launched within the coming days. Stay tuned!

WavesGo - the Official Block Explorer for the Waves Platform. Making blockchain accessible to the masses.
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