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Author Topic: [ANN][INCNT] Incent Loyalty | Waves Token | Traded on Bittrex  (Read 469519 times)
Cassius
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April 28, 2017, 08:41:02 AM
 #3861

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.....

Good for you. Market fluctuations notwithstanding, there's a lot of good stuff going on.
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Markov
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April 28, 2017, 09:06:51 PM
 #3862


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.

If it was a dealbreaker from the PR point of view then you should have advised the investors. It was obvious they would sell in that case. Your role is to protect and advise investors in Incent but you don't seem to get it.

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April 28, 2017, 09:27:25 PM
 #3863


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.

If it was a dealbreaker from the PR point of view then you should have advised the investors. It was obvious they would sell in that case. Your role is to protect and advise investors in Incent but you don't seem to get it.

I get where you're coming from, but just so you're duly warned: we crowdfunded $1.1 million and distributed 23 million Incent. Anyone who holds any Incent at all might dump it at any point, and the market is thin enough to take it down to zero if someone really wants to.
It's a market. It's a part of the Open Value proposition. It's not cool they did it, but it's their call. Same as it will be with anyone else who sells.
We'll do everything we reasonably can to build value for investors, but we're not in the business of telling people what they can and can't do with their own money.
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April 28, 2017, 09:37:16 PM
 #3864


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.

All market deals should be done at arms length and in a free market spirit. If someone is paid in Incent and they dump it is perfectly fine. Some others that want the coins will buy those at a lower rate. At some point the circle will complete itself and those that wanted to dump have dumped and those that want to buy have bought. This is how new floors are formed and needs at least one cycle to get to the new floor. Everyone has his or her price and there will also be lesser or greater sells along the way. Unless there is a hack of a holders wallet or some other material event, dumps should become less over time and as adoption grows holders will become more distributed and at some point the resistance level will be broken where it becomes difficult for one holder to dump the price in a material way.

I know this sounds very theoretical, but it is important to keep market forces real and not to apply artificial meddling.
Stratagem
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April 28, 2017, 10:34:27 PM
 #3865

How do I pull my INCNT off the ICO website?
There's no withdraw or transfer button.

Thanks in advance.
Stein
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April 29, 2017, 12:01:05 AM
 #3866

I get where you're coming from, but just so you're duly warned: we crowdfunded $1.1 million and distributed 23 million Incent. Anyone who holds any Incent at all might dump it at any point, and the market is thin enough to take it down to zero if someone really wants to.

Hmm.. So $1.1 million/$23 million= $.047826 = 0.00003356 BTC
So really we are up tremendously at 246.06% to .00011614

How many of the 23 million were sold at the ICO ?
Crypto_FreeMan
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April 29, 2017, 12:19:23 AM
 #3867

How soon will start buyback system work?

I think you will do some momentum after mobilego ico and encryptotel. that's 100 btc will flow in incent not bad.

How will be realized those buyback system? in parts or market bought?
KarlKarlsson_
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April 29, 2017, 06:59:50 AM
 #3868

How do I pull my INCNT off the ICO website?
There's no withdraw or transfer button.

Thanks in advance.
Shoot me a private message with your ICO e-mail address. Make sure to add a Waves address too.

How soon will start buyback system work?

I think you will do some momentum after mobilego ico and encryptotel. that's 100 btc will flow in incent not bad.

How will be realized those buyback system? in parts or market bought?
The cash back Incent are purchased with market buys. Most of it has already been purchased, though.

WavesGo - the Official Block Explorer for the Waves Platform. Making blockchain accessible to the masses.
DonApp
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April 29, 2017, 07:40:28 AM
 #3869

I get where you're coming from, but just so you're duly warned: we crowdfunded $1.1 million and distributed 23 million Incent. Anyone who holds any Incent at all might dump it at any point, and the market is thin enough to take it down to zero if someone really wants to.

Hmm.. So $1.1 million/$23 million= $.047826 = 0.00003356 BTC
So really we are up tremendously at 246.06% to .00011614

How many of the 23 million were sold at the ICO ?

Yes, even up with more than 300% in fiat, but apparently that is not enough for some people. I am really happy with it, and will hold for long term for sure!
Cassius
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April 29, 2017, 08:58:34 AM
 #3870

I get where you're coming from, but just so you're duly warned: we crowdfunded $1.1 million and distributed 23 million Incent. Anyone who holds any Incent at all might dump it at any point, and the market is thin enough to take it down to zero if someone really wants to.

Hmm.. So $1.1 million/$23 million= $.047826 = 0.00003356 BTC
So really we are up tremendously at 246.06% to .00011614

How many of the 23 million were sold at the ICO ?

Yes, even up with more than 300% in fiat, but apparently that is not enough for some people. I am really happy with it, and will hold for long term for sure!

I think 10-12% were reserved for team, partners, etc - I can't remember offhand but it's somewhere in the thread...
The headline figures you give are a little misleading, because BTC was much lower in October/November, when we crowdfunded. So I think the fiat price of tokens was around $0.06 for most people (there were discounts for larger, earlier investors). As often happens with alts, when BTC started rising Incent dropped in BTC terms, staying roughly even in fiat. Then when BTC's rise slowed and we got closer to deployment with the ICOs, Incent rose in BTC terms.
So net: yes, Incent is up perhaps 250% in fiat terms, up a little in BTC terms right now.
andhar
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April 30, 2017, 11:29:44 AM
 #3871

Going up again, dumpers can only take the market down by so much.

This is still just the start, in for the long hodl.
CryptoGuu
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April 30, 2017, 01:51:16 PM
 #3872

Going up again, dumpers can only take the market down by so much.

This is still just the start, in for the long hodl.

it dumps because they can't even program a working ico platform. MobileGo and Encryptotel ICO's are a mess with their ico platform. It deserves to get dumped back to 1m$ market cap.
TalesfromtheCrib
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April 30, 2017, 02:01:11 PM
 #3873

op has many dead links  Angry
Stratagem
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April 30, 2017, 08:22:18 PM
 #3874

How do I pull my INCNT off the ICO website?
There's no withdraw or transfer button.

Thanks in advance.
Shoot me a private message with your ICO e-mail address. Make sure to add a Waves address too.

How soon will start buyback system work?

I think you will do some momentum after mobilego ico and encryptotel. that's 100 btc will flow in incent not bad.

How will be realized those buyback system? in parts or market bought?
The cash back Incent are purchased with market buys. Most of it has already been purchased, though.


Done. Just waiting.
KarlKarlsson_
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May 01, 2017, 09:32:08 AM
 #3875

Going up again, dumpers can only take the market down by so much.

This is still just the start, in for the long hodl.

it dumps because they can't even program a working ico platform. MobileGo and Encryptotel ICO's are a mess with their ico platform. It deserves to get dumped back to 1m$ market cap.
There have been some issues but nonetheless it's a working ICO platform able to crowdfund millions of dollars. That's what counts the most.
op has many dead links  Angry

Fixed, thanks.

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darlidada
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May 02, 2017, 10:01:14 PM
 #3876

Total supply is 46M
Circulating supply is 23M

But if you guys give coins to PR firms and other busienss from the total supply, doesnt that make the circulating supply a lot bigger ? How much you gave away already from the total supply?

seems, right now you need to multiply marketcap by 2 to get the value of incent right
Cassius
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May 03, 2017, 04:50:22 AM
 #3877

Total supply is 46M
Circulating supply is 23M

But if you guys give coins to PR firms and other busienss from the total supply, doesnt that make the circulating supply a lot bigger ? How much you gave away already from the total supply?

seems, right now you need to multiply marketcap by 2 to get the value of incent right

Not from the total supply. The 23 million Reserve is untouched.
Figatko
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May 03, 2017, 09:34:03 AM
 #3878

What about the smartphone wallet? When it will be ready and where can I check it, see some progress?
KarlKarlsson_
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May 03, 2017, 10:13:37 AM
 #3879

What about the smartphone wallet? When it will be ready and where can I check it, see some progress?
The smartphone application is in the works. It will be released with the integration of the first merchant, most probably.

WavesGo - the Official Block Explorer for the Waves Platform. Making blockchain accessible to the masses.
darlidada
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May 03, 2017, 11:26:55 AM
 #3880

Total supply is 46M
Circulating supply is 23M

But if you guys give coins to PR firms and other busienss from the total supply, doesnt that make the circulating supply a lot bigger ? How much you gave away already from the total supply?

seems, right now you need to multiply marketcap by 2 to get the value of incent right

Not from the total supply. The 23 million Reserve is untouched.

How can we know for sure? is there a smart contract preventing anything to happen to it? and where did the INCNT paid to the PR firm came from?

(Sorry for all the questions, just trying to get a sense of the real value of this coin)
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