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Author Topic: [ANN][INCNT] Incent Loyalty | Waves Token | Traded on Bittrex  (Read 469523 times)
KarlKarlsson_
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April 27, 2017, 11:46:19 AM
 #3841

The bot is most definitely not running at the moment, since market history on Bittrex shows only about 8 transactions during the last hour.

Broken promises are not exactly a marketing bonus, on Monday 55btc would have gotten us to about 26k on Bittrex, now it would bring us to 18k.

Any info guys?

The bot is running and most purchases have been made. A large holder took the opportunity of increased interest to cash out by the look of it.

Sure price got down Not up. Never saw a big Buy order...

Why would 55 BTC (or probably much more now) be used to buy Incent when it can be used for something else. Just saying Smiley

What's the reason of BIG dump right now
Please have a look at the Bittrex trading history. You will see that our bot market purchased quite some Incent over the course of several hours, few small orders every minute.

Regarding the dump: We just paid a PR outlet in Incent for their services during the ICO. They immediately transferred the whole payment to Bittrex and it looks like they want to sell all of it, pretty short-sighted if you ask me.

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April 27, 2017, 01:52:40 PM
 #3842

The bot is most definitely not running at the moment, since market history on Bittrex shows only about 8 transactions during the last hour.

Broken promises are not exactly a marketing bonus, on Monday 55btc would have gotten us to about 26k on Bittrex, now it would bring us to 18k.

Any info guys?

The bot is running and most purchases have been made. A large holder took the opportunity of increased interest to cash out by the look of it.

Sure price got down Not up. Never saw a big Buy order...

Why would 55 BTC (or probably much more now) be used to buy Incent when it can be used for something else. Just saying Smiley

What's the reason of BIG dump right now
Please have a look at the Bittrex trading history. You will see that our bot market purchased quite some Incent over the course of several hours, few small orders every minute.

Regarding the dump: We just paid a PR outlet in Incent for their services during the ICO. They immediately transferred the whole payment to Bittrex and it looks like they want to sell all of it, pretty short-sighted if you ask me.

Thanks for a possible explanation.

Not only is it short-sighted, they must be a TERRIBLE PR company. If the market happened to naturally dump ('on the news' perhaps) well that's out of anyone's control but what could be worse for PR than them dumping Incent (potentially precipitating a larger dump) at the very point you are starting to buy off the market for the first time ever and so hopefully demonstrate the impact & future potential of one of Incent's main USP's? Only get to make one first impression & ironically the people paid to help make it great have made it pretty poor.

Regards bot buying, shareholders will be keen to see evidence presented transparently, clearly and frequently in this thread especially given the recent market movements.

Good luck, some great projects using Incent atm.
tiredofscams
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April 27, 2017, 01:55:29 PM
 #3843

The bot is most definitely not running at the moment, since market history on Bittrex shows only about 8 transactions during the last hour.

Broken promises are not exactly a marketing bonus, on Monday 55btc would have gotten us to about 26k on Bittrex, now it would bring us to 18k.

Any info guys?

The bot is running and most purchases have been made. A large holder took the opportunity of increased interest to cash out by the look of it.

Sure price got down Not up. Never saw a big Buy order...

Why would 55 BTC (or probably much more now) be used to buy Incent when it can be used for something else. Just saying Smiley

What's the reason of BIG dump right now
Please have a look at the Bittrex trading history. You will see that our bot market purchased quite some Incent over the course of several hours, few small orders every minute.

Regarding the dump: We just paid a PR outlet in Incent for their services during the ICO. They immediately transferred the whole payment to Bittrex and it looks like they want to sell all of it, pretty short-sighted if you ask me.

Dumping is dumb, when you could easily sell at 16k to 19k range at least, but good for some who bought and will buy cheap Incent further on. I only hope the PR outlet is the one who dumped to 10k and not some noobs that were tricked into it. I sold some at 19k (sell orders got filled) and already bought back at 11k-12k, with some buy orders lower still to buy from weak and shortsighted minds, if they have the urge to dump again.

I only sold so low (at 19k), because I bought a lot at 3-4k range and my investment in Incent is almost at 0 invested BTC now, considering I bought much more after the ICO, thanks to the dumpers back then.

And I'm holding my bag, as future will be bright for coins with real world usage and Incent is still waiting behind barely opened doors so to speak.

Looking forward to new monthly update that should come soon, I guess.
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April 27, 2017, 02:14:26 PM
 #3844

Please have a look at the Bittrex trading history. You will see that our bot market purchased quite some Incent over the course of several hours, few small orders every minute.

Regarding the dump: We just paid a PR outlet in Incent for their services during the ICO. They immediately transferred the whole payment to Bittrex and it looks like they want to sell all of it, pretty short-sighted if you ask me.

Thanks for a possible explanation.

Not only is it short-sighted, they must be a TERRIBLE PR company. If the market happened to naturally dump ('on the news' perhaps) well that's out of anyone's control but what could be worse for PR than them dumping Incent (potentially precipitating a larger dump) at the very point you are starting to buy off the market for the first time ever and so hopefully demonstrate the impact & future potential of one of Incent's main USP's? Only get to make one first impression & ironically the people paid to help make it great have made it pretty poor.

Regards bot buying, shareholders will be keen to see evidence presented transparently, clearly and frequently in this thread especially given the recent market movements.

Good luck, some great projects using Incent atm.

I think it's extremely likely. They transferred a large quantity to Bittrex and a dump immediately ensued. Followed, no doubt, by a bunch of other holders who got spooked. I saw a couple of large sell walls moving downwards as they tried to jump in front of each other, presumably hoping to be the one to catch the bot's buys.
I'm not sure what evidence we can provide of bot buying except the trading history on Bittrex - other than the fact that Incent will be turning up in the accounts of EncryptoTel and MobileGo holders, and our reserves should be getting refilled as fast as they're paying out (for obvious reasons, we don't pay ICO investors directly with an exchange withdrawal). That should be all the proof you need.
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April 27, 2017, 02:15:41 PM
 #3845


Looking forward to new monthly update that should come soon, I guess.

Cross-post from Slack about that:
rob [8:50 AM]
Flying to the US for a pretty meaningful pitch tomorrow. Travelling until am Tuesday. Intending to draft on the move. Will let y'all know if there's going to be a delay.
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April 27, 2017, 03:27:00 PM
 #3846

Please have a look at the Bittrex trading history. You will see that our bot market purchased quite some Incent over the course of several hours, few small orders every minute.

Regarding the dump: We just paid a PR outlet in Incent for their services during the ICO. They immediately transferred the whole payment to Bittrex and it looks like they want to sell all of it, pretty short-sighted if you ask me.

Thanks for a possible explanation.

Not only is it short-sighted, they must be a TERRIBLE PR company. If the market happened to naturally dump ('on the news' perhaps) well that's out of anyone's control but what could be worse for PR than them dumping Incent (potentially precipitating a larger dump) at the very point you are starting to buy off the market for the first time ever and so hopefully demonstrate the impact & future potential of one of Incent's main USP's? Only get to make one first impression & ironically the people paid to help make it great have made it pretty poor.

Regards bot buying, shareholders will be keen to see evidence presented transparently, clearly and frequently in this thread especially given the recent market movements.

Good luck, some great projects using Incent atm.

I think it's extremely likely. They transferred a large quantity to Bittrex and a dump immediately ensued. Followed, no doubt, by a bunch of other holders who got spooked. I saw a couple of large sell walls moving downwards as they tried to jump in front of each other, presumably hoping to be the one to catch the bot's buys.
I'm not sure what evidence we can provide of bot buying except the trading history on Bittrex - other than the fact that Incent will be turning up in the accounts of EncryptoTel and MobileGo holders, and our reserves should be getting refilled as fast as they're paying out (for obvious reasons, we don't pay ICO investors directly with an exchange withdrawal). That should be all the proof you need.

I guess the bot buying Bittrex history would be good if people are concerned but it does seem like it all squares out pretty clearly.

The only thing I could think of is that you could sell your/company Incent to ICO holders off-market & for a slight premium. Without clear accounting, ICO holders wouldn't know if they paid over the market and investors wouldn't know if ICO investor demand is all being supplied from circulating supply bought on exchanges or from total supply but I guess that would be visible too via reserves/other etc.
Cassius
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April 27, 2017, 05:08:03 PM
 #3847

Please have a look at the Bittrex trading history. You will see that our bot market purchased quite some Incent over the course of several hours, few small orders every minute.

Regarding the dump: We just paid a PR outlet in Incent for their services during the ICO. They immediately transferred the whole payment to Bittrex and it looks like they want to sell all of it, pretty short-sighted if you ask me.

Thanks for a possible explanation.

Not only is it short-sighted, they must be a TERRIBLE PR company. If the market happened to naturally dump ('on the news' perhaps) well that's out of anyone's control but what could be worse for PR than them dumping Incent (potentially precipitating a larger dump) at the very point you are starting to buy off the market for the first time ever and so hopefully demonstrate the impact & future potential of one of Incent's main USP's? Only get to make one first impression & ironically the people paid to help make it great have made it pretty poor.

Regards bot buying, shareholders will be keen to see evidence presented transparently, clearly and frequently in this thread especially given the recent market movements.

Good luck, some great projects using Incent atm.

I think it's extremely likely. They transferred a large quantity to Bittrex and a dump immediately ensued. Followed, no doubt, by a bunch of other holders who got spooked. I saw a couple of large sell walls moving downwards as they tried to jump in front of each other, presumably hoping to be the one to catch the bot's buys.
I'm not sure what evidence we can provide of bot buying except the trading history on Bittrex - other than the fact that Incent will be turning up in the accounts of EncryptoTel and MobileGo holders, and our reserves should be getting refilled as fast as they're paying out (for obvious reasons, we don't pay ICO investors directly with an exchange withdrawal). That should be all the proof you need.

I guess the bot buying Bittrex history would be good if people are concerned but it does seem like it all squares out pretty clearly.

The only thing I could think of is that you could sell your/company Incent to ICO holders off-market & for a slight premium. Without clear accounting, ICO holders wouldn't know if they paid over the market and investors wouldn't know if ICO investor demand is all being supplied from circulating supply bought on exchanges or from total supply but I guess that would be visible too via reserves/other etc.

That's true. Orders on DEX would be transparent, but I'm not sure about the others. It might be possible to post a log in realtime, but I'm not sure it's worth the hassle and it may cause more problems than it's worth.
The reality is that we're a centralised company and trust is inherent in that, and in any case I'd like to think our reputation is worth more than the relatively small sums of money we could make by screwing our investors and customers over.
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April 27, 2017, 06:13:30 PM
 #3848

What do you think, will be incent on poloniex in the next 30 days?


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April 27, 2017, 06:19:41 PM
 #3849

What do you think, will be incent on poloniex in the next 30 days?

As someone said, I doubt that Waves related tokens will hit poloniex easily due to the Waves dev causing a stink with the exchange. Waves related tokens are tainted by association. However, never say never and we might be pleasantly surprized. Lets hope poloniex will add incent irrespective of the Waves issue.
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April 27, 2017, 07:00:56 PM
 #3850

Too bad i dont have 100 btc to put a nice buy order at 10k sat. and see how my money double in the next days.


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Stein
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April 27, 2017, 07:26:43 PM
 #3851

Nice "buy pressure"... It will go back under 10000 sats
Damn, you called it. Wish you weren't right Sad
Stein
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April 27, 2017, 08:03:55 PM
 #3852

Please have a look at the Bittrex trading history. You will see that our bot market purchased quite some Incent over the course of several hours, few small orders every minute.

Regarding the dump: We just paid a PR outlet in Incent for their services during the ICO. They immediately transferred the whole payment to Bittrex and it looks like they want to sell all of it, pretty short-sighted if you ask me.

Seems pretty short sited of Incent that they did not contract a lockup period which is standard in business and business 101 level.
It ensures the market will not disproportionately increase the supply, which drives prices downward. 40+% in this case.

http://www.investopedia.com/terms/l/lockup-period.asp
Duchess
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April 27, 2017, 08:19:00 PM
 #3853

Please have a look at the Bittrex trading history. You will see that our bot market purchased quite some Incent over the course of several hours, few small orders every minute.

Regarding the dump: We just paid a PR outlet in Incent for their services during the ICO. They immediately transferred the whole payment to Bittrex and it looks like they want to sell all of it, pretty short-sighted if you ask me.

Seems pretty short sited of Incent that they did not contract a lockup period which is standard in business and business 101 level.
It ensures the market will not disproportionately increase the supply, which drives prices downward. 40+% in this case.

http://www.investopedia.com/terms/l/lockup-period.asp

I bought some at 16k aarrghh...

maybe it is one of those things that you have to leave and forget and in a year's time if there was adoption it might be higher.
Cassius
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April 27, 2017, 08:24:08 PM
 #3854

Please have a look at the Bittrex trading history. You will see that our bot market purchased quite some Incent over the course of several hours, few small orders every minute.

Regarding the dump: We just paid a PR outlet in Incent for their services during the ICO. They immediately transferred the whole payment to Bittrex and it looks like they want to sell all of it, pretty short-sighted if you ask me.

Seems pretty short sited of Incent that they did not contract a lockup period which is standard in business and business 101 level.
It ensures the market will not disproportionately increase the supply, which drives prices downward. 40+% in this case.

http://www.investopedia.com/terms/l/lockup-period.asp

That's really not going to fly in a sector like this unfortunately.
Markov
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April 27, 2017, 09:31:15 PM
 #3855

Please have a look at the Bittrex trading history. You will see that our bot market purchased quite some Incent over the course of several hours, few small orders every minute.

Regarding the dump: We just paid a PR outlet in Incent for their services during the ICO. They immediately transferred the whole payment to Bittrex and it looks like they want to sell all of it, pretty short-sighted if you ask me.

Seems pretty short sited of Incent that they did not contract a lockup period which is standard in business and business 101 level.
It ensures the market will not disproportionately increase the supply, which drives prices downward. 40+% in this case.

http://www.investopedia.com/terms/l/lockup-period.asp

That's really not going to fly in a sector like this unfortunately.

I don't see why it wouldn't work in crypto since the PR obviously went back to btc or Fiat. Kind of immature to have done that and kind of bad investors were not informed of it earlier. Tech is nice but behaviour is is slightly shocking.

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April 27, 2017, 09:56:26 PM
 #3856

Please have a look at the Bittrex trading history. You will see that our bot market purchased quite some Incent over the course of several hours, few small orders every minute.

Regarding the dump: We just paid a PR outlet in Incent for their services during the ICO. They immediately transferred the whole payment to Bittrex and it looks like they want to sell all of it, pretty short-sighted if you ask me.

Seems pretty short sited of Incent that they did not contract a lockup period which is standard in business and business 101 level.
It ensures the market will not disproportionately increase the supply, which drives prices downward. 40+% in this case.

http://www.investopedia.com/terms/l/lockup-period.asp

That's really not going to fly in a sector like this unfortunately.

I don't see why it wouldn't work in crypto since the PR obviously went back to btc or Fiat. Kind of immature to have done that and kind of bad investors were not informed of it earlier. Tech is nice but behaviour is is slightly shocking.


Lots of people were paid in Incent for their work on ico. Any one of them could have dumped, and still could, just like anyone else. Most were smarter.
The dump was the first we knew about it, which was also when we shared that information.
Markov
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Breizh Atao


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April 28, 2017, 04:47:06 AM
 #3857

Please have a look at the Bittrex trading history. You will see that our bot market purchased quite some Incent over the course of several hours, few small orders every minute.

Regarding the dump: We just paid a PR outlet in Incent for their services during the ICO. They immediately transferred the whole payment to Bittrex and it looks like they want to sell all of it, pretty short-sighted if you ask me.

Seems pretty short sited of Incent that they did not contract a lockup period which is standard in business and business 101 level.
It ensures the market will not disproportionately increase the supply, which drives prices downward. 40+% in this case.

http://www.investopedia.com/terms/l/lockup-period.asp

That's really not going to fly in a sector like this unfortunately.

I don't see why it wouldn't work in crypto since the PR obviously went back to btc or Fiat. Kind of immature to have done that and kind of bad investors were not informed of it earlier. Tech is nice but behaviour is is slightly shocking.


Lots of people were paid in Incent for their work on ico. Any one of them could have dumped, and still could, just like anyone else. Most were smarter.
The dump was the first we knew about it, which was also when we shared that information.

That's fine to pay people in Incent, it is normal practice however the norm is to lock-up those shares/tokens to avoid an instant dump. It is irresponsible to investors not to consider it and the excuse of this being crypto is just an excuse.
You are asking for investors but you are not looking in their best interest and not being transparent about it.

ifyousmell
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April 28, 2017, 08:24:52 AM
 #3858

Please have a look at the Bittrex trading history. You will see that our bot market purchased quite some Incent over the course of several hours, few small orders every minute.

Regarding the dump: We just paid a PR outlet in Incent for their services during the ICO. They immediately transferred the whole payment to Bittrex and it looks like they want to sell all of it, pretty short-sighted if you ask me.

Seems pretty short sited of Incent that they did not contract a lockup period which is standard in business and business 101 level.
It ensures the market will not disproportionately increase the supply, which drives prices downward. 40+% in this case.

http://www.investopedia.com/terms/l/lockup-period.asp

That's really not going to fly in a sector like this unfortunately.

I don't see why it wouldn't work in crypto since the PR obviously went back to btc or Fiat. Kind of immature to have done that and kind of bad investors were not informed of it earlier. Tech is nice but behaviour is is slightly shocking.


Lots of people were paid in Incent for their work on ico. Any one of them could have dumped, and still could, just like anyone else. Most were smarter.
The dump was the first we knew about it, which was also when we shared that information.

That's fine to pay people in Incent, it is normal practice however the norm is to lock-up those shares/tokens to avoid an instant dump. It is irresponsible to investors not to consider it and the excuse of this being crypto is just an excuse.
You are asking for investors but you are not looking in their best interest and not being transparent about it.

When a coin (in this case Incent) is promised to be bought off the market because of an event or anything, something is off. I'm glad I bought at 10k and sold it at 19k just before the beginning of ICO, and washed my hands off this. I had similar experiences with colored coins back in 2014 and I guess my instincts kicked in.
onemanatatime
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AlunaCrypto


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April 28, 2017, 08:36:23 AM
 #3859

Been following this project from day one even before the ico started.

Looks like it's about time for this project to get a boost.....

Twitter:@onemanatatime
Telegram:@AlunaCrypto
alunacrypto.blogspot.com
Cassius
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April 28, 2017, 08:40:31 AM
 #3860


That's fine to pay people in Incent, it is normal practice however the norm is to lock-up those shares/tokens to avoid an instant dump. It is irresponsible to investors not to consider it and the excuse of this being crypto is just an excuse.
You are asking for investors but you are not looking in their best interest and not being transparent about it.

When a coin (in this case Incent) is promised to be bought off the market because of an event or anything, something is off. I'm glad I bought at 10k and sold it at 19k just before the beginning of ICO, and washed my hands off this. I had similar experiences with colored coins back in 2014 and I guess my instincts kicked in.

That is the business model. There's nothing untoward about that. It's a perfectly valid approach and lots of businesses use it. In fact it's becoming the norm in crypto due to the regulatory problems involved with issuing dividends. Just because you got burned with colored coins doesn't mean 'something is off'.

Re: locking Incent for partners - as I said, that's problematic. I guess we could have done for the team, though (unsurprisingly) no one from the team has sold. For the PR company, a lock-up period would have been a dealbreaker. Incent is a crypto startup, a high-risk company in a high-risk sector. Who's to guarantee that the Incent would be worth anything at the end of the lock-up period? We might be confident, but they have bills to pay.
That's not to say we aren't very disappointed in the course of action they took.
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