[ANN][INCNT] Incent Loyalty | Waves Token | Traded on Bittrex

[hansen.ng]

Imagine going to a store, buying some groceries but instead of a traditional loyalty card you show for example the QR-code of your Incent wallet address on your phone. This triggers the transaction to your account (merchants can decide themselves how many % 'cashback' they want to grant their customers). Note that BitScan acts as broker so we buy Incent from the open market in the name of the merchant and send it to you as customer.

This is the merchant demand we are always talking about and it also shows how important a number of different and liquid exchanges is for Incent. We need a stable secondary market (which we do our part for through market making) with small volatility.

For a more in-depth explanation, please read our whitepaper: http://bravenewcoin.com/assets/Whitepapers/UsingBlockchaintoBoostCommerce.pdf

After reading the whitepaper, I think the value of Incent is that it is cross-merchant platforms. Like ebay bucks can only be used at ebay, but Incent can be used at different merchants that offer it. Not just the merchant that you earned your Incent from. In essence , it offers liquidity. And Incent doesn't have expiry date. (ebay bucks has 1 month expiry)  So this is an advantage both for customers and merchants. Thanks for the prompt reply. Great project!

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[mm0104]

Worth mentioning is also that the loyalty margin increases for merchants by reducing the costs of offering a loyalty program. So it's cheaper for merchants and at the same time they can offer a better loyalty program in terms of value, so it incentivises customers which is again better for the merchant. There's clearly an incentive upward-spiral.

[DomainMagnate]

How many merchants are using INCENT software currently and how many potential clients list?

Currently no one since the application is still in development. On the list are some nice companies, I suggest to check our blog at https://medium.com/incent-loyalty-blog for a complete overview.

However, we have integrated Incent in our own ICO technology which has already been used by a project (TOKES) and more are to come. Check www.ICOtech.me for more information on that.

I visited the blog but it doesn't say much about how the program is gonna work, is it like regular affiliate program but It uses Incent instead of regular currency? Or Are there any other advantages or edges for business to use Incent (besides convertible to other cryptocurrency) ? If it is , The way I look at it, the success of Incent will depend on how user friendly the software and it's API are. Also the marketability. Ebay has ebay bucks, so if incent can replace ebay bucks. Incent price is going to be legendary. There is a lot of company like mainstreetshares, bigcrumbs, and other cashback programs, Also Replacing Credit card cashback program. Definitely a lot of potential. I'll be following closely. Keep it up!

Imagine going to a store, buying some groceries but instead of a traditional loyalty card you show for example the QR-code of your Incent wallet address on your phone. This triggers the transaction to your account (merchants can decide themselves how many % 'cashback' they want to grant their customers). Note that BitScan acts as broker so we buy Incent from the open market in the name of the merchant and send it to you as customer.

This is the merchant demand we are always talking about and it also shows how important a number of different and liquid exchanges is for Incent. We need a stable secondary market (which we do our part for through market making) with small volatility.

For a more in-depth explanation, please read our whitepaper: http://bravenewcoin.com/assets/Whitepapers/UsingBlockchaintoBoostCommerce.pdf

Hi,I am trying to transfer 836 tokens with 0.001 waves fee to another incent address but I am getting
Error  Request Failed Status-1-" error message and am unable to send tokens.I am using waves light client 0.4.6a Can somebody please help me what am I doing wrong and how to send Incent tokens?Whats is the solution to resolve this issue?

Do you have some Waves in your account to pay for the transaction fee?

any way to get my incent out of the online ico site straight to cryptopia? or do we have to still go through waves first?

Did you see that you can manage waves addresses in the ICO dashboard? It should work with that.
However, I'd recommend keeping most of it in your wallet.

so i just put the cryptopia deposit address in the waves address on the incent ico site? and that will work?

Yes, that will work. Next distribution is about to happen in the upcoming days!

OpenLedger seem to be of Bitshares mentality. They think they have it right so the world will just have to follow their videos and adapt. They just don't seem to be able to simply listen and grasp what so many people are saying about their exchange. 

It is a pitiful sight when the coin collecting fees on good ICO, more than a million dollars, and in the end, this token can not lead to the exchange, I hope that Incent eventually does get at least bittrex

We have some listings in the works, stay tuned for more news!

Btw, today's volume already at $8k 

Glad to see that we're picking up in terms of volume in Cryptopia. Its price at the moment in Cryptopia is 4k sats and it is a very good price to buy Incent. I just bought some from the dumpers. 

maybe price can down more if all bounty hunter sell their coin, so buy incent while the price still cheap 

Only few tokens distributed for bounty so don't too much dump. Besides there are many supporters of incent that ready grab all cheap tokens and i'n one of them, i just don't like openledger because their site is har to understand and have a poor UI. I will be buying bulk on cryptopia so stay put and just sell all the incent you are holding directly to my buy order.

@Incent dev, when is the projected date were merchant will buy their supply of incent? i want to buy early before them. Just waiting for the bounty dumpers. 
Thanks

There is already merchand demand through the licensing of our ICO technology. Incent is implemented in there and every investor receives 1% cashback in Incent for which we charge the project. Brick and mortar businesses will follow Q1/beginning of Q2.

Yes I do have 1 waves to pay the fee which is 0.001.I didn't know that Waves is required to transfer incent and was getting an error message about fee but now that I have 1 waves to pay the fee,I am getting different error message as stated in my previous post.

[ujang1]

Why people really hoping it will raise one day? Incent is for nothing dudes, think about it. You see no one wanted it. For sure the big liquidity is on the big exchanges but not one big player is investing now.
Everyone can send BTC to every exchange during some seconds, so you see no one wants this.

Friend look it's very easy asset and it usually becomes cause of multiple growth. Your joke about Bitcoin very funny  , transaction with fee 0.0003 btc for half a day do not receive confirmation.

[Cassius]

Imagine going to a store, buying some groceries but instead of a traditional loyalty card you show for example the QR-code of your Incent wallet address on your phone. This triggers the transaction to your account (merchants can decide themselves how many % 'cashback' they want to grant their customers). Note that BitScan acts as broker so we buy Incent from the open market in the name of the merchant and send it to you as customer.

This is the merchant demand we are always talking about and it also shows how important a number of different and liquid exchanges is for Incent. We need a stable secondary market (which we do our part for through market making) with small volatility.

For a more in-depth explanation, please read our whitepaper: http://bravenewcoin.com/assets/Whitepapers/UsingBlockchaintoBoostCommerce.pdf

After reading the whitepaper, I think the value of Incent is that it is cross-merchant platforms. Like ebay bucks can only be used at ebay, but Incent can be used at different merchants that offer it. Not just the merchant that you earned your Incent from. In essence , it offers liquidity. And Incent doesn't have expiry date. (ebay bucks has 1 month expiry)  So this is an advantage both for customers and merchants. Thanks for the prompt reply. Great project!

Ebay bucks are a really good example of what we're calling Closed Value (like closed source software). It's 'value' that gives with one hand and takes away with another. So Ebay gives you something you can't spend anywhere else, and that will expire in a few weeks. My guess is that, like most reward programmes, it doesn't do a great deal to foster loyalty.

Incent is Open Value. You can spend it with any supporting merchant, hold it for the increase in value (which should come with growing adoption) or, if you want, cash it out on an exchange. It's totally up to you.

The cool thing is that the businesses we've talked to grasp that 1) This is not like traditional loyalty, which has more in common with the fiat system. 2) It's really attractive and offers advantages they don't currently enjoy. Like no forward liability, known costs, and incentivising consumer loyalty via a different means that actually respects the customer and gives them the choice to do what they want with their own money.

[kripteka]

INCENT already on Tidex https://tidex.com/#/exchange/INCNT_BTC

[royalfestus]

Why people really hoping it will raise one day? Incent is for nothing dudes, think about it. You see no one wanted it. For sure the big liquidity is on the big exchanges but not one big player is investing now.

The volume for sell scare me off the buy at crypto lately, now the price is droping after a pump 2 days back. Any reason for the loss of interest?

[hansen.ng]

Imagine going to a store, buying some groceries but instead of a traditional loyalty card you show for example the QR-code of your Incent wallet address on your phone. This triggers the transaction to your account (merchants can decide themselves how many % 'cashback' they want to grant their customers). Note that BitScan acts as broker so we buy Incent from the open market in the name of the merchant and send it to you as customer.

This is the merchant demand we are always talking about and it also shows how important a number of different and liquid exchanges is for Incent. We need a stable secondary market (which we do our part for through market making) with small volatility.

For a more in-depth explanation, please read our whitepaper: http://bravenewcoin.com/assets/Whitepapers/UsingBlockchaintoBoostCommerce.pdf

After reading the whitepaper, I think the value of Incent is that it is cross-merchant platforms. Like ebay bucks can only be used at ebay, but Incent can be used at different merchants that offer it. Not just the merchant that you earned your Incent from. In essence , it offers liquidity. And Incent doesn't have expiry date. (ebay bucks has 1 month expiry)  So this is an advantage both for customers and merchants. Thanks for the prompt reply. Great project!

Ebay bucks are a really good example of what we're calling Closed Value (like closed source software). It's 'value' that gives with one hand and takes away with another. So Ebay gives you something you can't spend anywhere else, and that will expire in a few weeks. My guess is that, like most reward programmes, it doesn't do a great deal to foster loyalty.

Incent is Open Value. You can spend it with any supporting merchant, hold it for the increase in value (which should come with growing adoption) or, if you want, cash it out on an exchange. It's totally up to you.

The cool thing is that the businesses we've talked to grasp that 1) This is not like traditional loyalty, which has more in common with the fiat system. 2) It's really attractive and offers advantages they don't currently enjoy. Like no forward liability, known costs, and incentivising consumer loyalty via a different means that actually respects the customer and gives them the choice to do what they want with their own money.

I am sold on the concept. Now let's say I am a third party merchant on Amazon ( Amazon has 2 millions merchants worldwide). Is there a roadmap for somebody like me to use  Incent?

[BETAWI]

INCENT already on Tidex https://tidex.com/#/exchange/INCNT_BTC

Nice! By the way, Tidex is still BETA or full launched?

[Anarchy101]

INCENT already on Tidex https://tidex.com/#/exchange/INCNT_BTC

Nice! By the way, Tidex is still BETA or full launched?

I think TIDEX is still in the beta release but I can be wrong.

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Btw congrats team on hitting the 3rd exchange 

[Tidex]

Dear Forum Members!


Incent [INCNT] is listed on Tidex Exchange: https://tidex.com/#/exchange/INCNT_BTC

Our topic on BitcoinTalk: https://bitcointalk.org/index.php?topic=1769969.0

Also we're glad to announce a bug bounty program which should help us to weed out the bugs. Security bugs: 1000 waves + depending on severity.

| Web: https://tidex.com/ | API page: https://tidex.com/Home/Api | Contact Us: support@tidex.com |

[targetmlrd]

Dear Forum Members!


Incent [INCNT] is listed on Tidex Exchange: https://tidex.com/#/exchange/INCNT_BTC

Our topic on BitcoinTalk: https://bitcointalk.org/index.php?topic=1769969.0

Also we're glad to announce a bug bounty program which should help us to weed out the bugs. Security bugs: 1000 waves + depending on severity.

| Web: https://tidex.com/ | API page: https://tidex.com/Home/Api | Contact Us: support@tidex.com |

Yes, you at least 1,000 different small token exchanges add INCNT price for it still will not be such as to be, and normal trading will not, instead of all these small exchanges, it is better to add bittrex or polo, there will definitely be a normal trading volumes

[Cassius]

I am sold on the concept. Now let's say I am a third party merchant on Amazon ( Amazon has 2 millions merchants worldwide). Is there a roadmap for somebody like me to use  Incent?

Thanks for your interest!
A big business like Amazon is a slightly different case. We will be making plugins so that Wordpress sites etc can use Incent easily, but a reseller like Amazon probably won't want to look at this. It's not impossible, but odds on the big players will go down the eBay bucks route.

One of the things we've found from our research is that merchants like the edge Incent gives them over sites like Amazon. Take a look at this blog post: https://medium.com/incent-loyalty-blog/first-ecommerce-partnership-4552dd9005a0#.9q99rvm37
The CEO of Sure Green liked the idea because he gets hit with major commission fees when he sells via third-party sites like Amazon. When he sells from his own site, he gets a margin of something like 20%. That means he's happy to pay a huge chunk of that mark-up as Incent to get people buying from his site rather than a third party.

[mm0104]

Yes, you at least 1,000 different small token exchanges add INCNT price for it still will not be such as to be, and normal trading will not, instead of all these small exchanges

The small exchanges are there to provide liquidity. That doesn't mean that there will be a lot of volume in such an early status of Incent.
In case of Tidex, it will probably used to do the marketbuys:

We're listing on Tidex today. We'll probably be using this exchange as our primary means of buying Incent from the open market. In answer to the question up-thread, that will happen when the first merchant is integrated at the end of Q1. Additionally, and ICOs we assist with, we can now buy Incent at market in real time.
So yes, Tidex doesn't have a lot of liquidity to start with. But we'll be making some

it is better to add bittrex or polo, there will definitely be a normal trading volumes

Regarding Polo and Bittrex everything is said and we'll have to wait for an update. For the full update on the status from January 22nd follow the quote:

Liquidity and Exchanges  
Where this is concerned I want to be open with you that I have pitched ​Incent to both Bittrex and Poloniex, neither of whom indicated an intention to list ​Incent until demonstrable demand for it is broader and deeper. While this may disappoint you I want to be clear that I understand it - and that I am not concerned by it. Allow me to explain…

[jacaf01]

I just can't believe some people would sell at this ridiculous price of 4000sat. The lowest ICO price was 10000sat. If I had known this kind of dump is coming, I would have waited instead of buying at 6000sat.

[DISPERADO]

Insent are selling mostly by bounty hunters. I also bought it, but at a price of 7500 sat. It is hoped that the bounty will merge quickly, and the price will rise. And we have to wait for the news and major exchanges.

[cryptodv]

Haven't been here in a while, but were the INCNT sent out already from the ICO to the waves address we listed on ICO page 

[mm0104]

Haven't been here in a while, but were the INCNT sent out already from the ICO to the waves address we listed on ICO page 

Yes, but I read somewhere that still plenty of unclaimed Incent tokens are left. They will be distributed at some point in the future. So to make sure you get the tokens put in your Waves adress on the ICO page.
The distribution took place somewhere early December when I remember right.

[cryptodv]

Haven't been here in a while, but were the INCNT sent out already from the ICO to the waves address we listed on ICO page 

Yes, but I read somewhere that still plenty of unclaimed Incent tokens are left. They will be distributed at some point in the future. So to make sure you get the tokens put in your Waves adress on the ICO page.
The distribution took place somewhere early December when I remember right.

Thanks, I sent a pm to the Dev. Still waiting for an answer. For some reason I have two addresses listed and I don't know if they sent them out already because I don't see the INCNT in either accounts.

[Cassius]

Haven't been here in a while, but were the INCNT sent out already from the ICO to the waves address we listed on ICO page 

Yes, but I read somewhere that still plenty of unclaimed Incent tokens are left. They will be distributed at some point in the future. So to make sure you get the tokens put in your Waves adress on the ICO page.
The distribution took place somewhere early December when I remember right.

Thanks, I sent a pm to the Dev. Still waiting for an answer. For some reason I have two addresses listed and I don't know if they sent them out already because I don't see the INCNT in either accounts.

They are still being sent out manually, for security. If you think there's been a problem, contact Pete via Slack and we'll sort it out.