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

[KarlKarlsson_]

A statement from Rob regarding the ICOs:

ICO Sitrep. You will be aware that we are currently servicing the launch of 2 ICOs. While they differ in the detail, both require the synchronised delivery of a sophisticated application, which provides token purchasers with the broadest suite of native payment options and rewards them in Incent for doing so. The launch of both platforms has presented specific challenges for a plethora of reasons. Notwithstanding, cooperation between ourselves and client teams has been strong and through working together we are knocking down the issues rapidly. As it stands we are confident that the back of this work will be broken and the backlog of Incent market purchases cleared within hours.

[1713579432]

1713579432

[Stein]

Hey Karl. Was thinking today about Incent. I have a question.

When Incent takes BTC and ETH from a client like mobileGo, they buy Incent with it at market.
So what markets are they buying from and how is that decision determined ?

https://coinmarketcap.com/assets/incent/#markets

So I am sure that the client wants the lowest price for his Incent purchase, why would they not.
    So the answer might be that Incent purchases the coin at the lowest possible price for the client, as to offset any additional costs and pass on maximum savings to thier client.

We the investors want the highest price for the Incent.
    So the answer might that Incent purchases at the highest market price we can in order to boost ROI for our investors.

Now with a stock the first responsibility is to the shareholders. What is Incent's official position ?

If it's a mix of the two, how is that accomplished specifically.

[Cassius]

Hey Karl. Was thinking today about Incent. I have a question.

When Incent takes BTC and ETH from a client like mobileGo, they buy Incent with it at market.
So what markets are they buying from and how is that decision determined ?

https://coinmarketcap.com/assets/incent/#markets

So I am sure that the client wants the lowest price for his Incent purchase, why would they not.
    So the answer might be that Incent purchases the coin at the lowest possible price for the client, as to offset any additional costs and pass on maximum savings to thier client.

We the investors want the highest price for the Incent.
    So the answer might that Incent purchases at the highest market price we can in order to boost ROI for our investors.

Now with a stock the first responsibility is to the shareholders. What is Incent's official position ?

If it's a mix of the two, how is that accomplished specifically.

We buy at the lowest price possible, which at this point means going for the most liquid markets. In due course the bot will do all kinds of arbitrage and clever stuff, but the principle is the same: best price.

[ifyousmell]

Hey Karl. Was thinking today about Incent. I have a question.

When Incent takes BTC and ETH from a client like mobileGo, they buy Incent with it at market.
So what markets are they buying from and how is that decision determined ?

https://coinmarketcap.com/assets/incent/#markets

So I am sure that the client wants the lowest price for his Incent purchase, why would they not.
    So the answer might be that Incent purchases the coin at the lowest possible price for the client, as to offset any additional costs and pass on maximum savings to thier client.

We the investors want the highest price for the Incent.
    So the answer might that Incent purchases at the highest market price we can in order to boost ROI for our investors.

Now with a stock the first responsibility is to the shareholders. What is Incent's official position ?

If it's a mix of the two, how is that accomplished specifically.

We buy at the lowest price possible, which at this point means going for the most liquid markets. In due course the bot will do all kinds of arbitrage and clever stuff, but the principle is the same: best price.

So has any Incent been bought off the market for the two ongoing ICO's?

[Cassius]

Hey Karl. Was thinking today about Incent. I have a question.

When Incent takes BTC and ETH from a client like mobileGo, they buy Incent with it at market.
So what markets are they buying from and how is that decision determined ?

https://coinmarketcap.com/assets/incent/#markets

So I am sure that the client wants the lowest price for his Incent purchase, why would they not.
    So the answer might be that Incent purchases the coin at the lowest possible price for the client, as to offset any additional costs and pass on maximum savings to thier client.

We the investors want the highest price for the Incent.
    So the answer might that Incent purchases at the highest market price we can in order to boost ROI for our investors.

Now with a stock the first responsibility is to the shareholders. What is Incent's official position ?

If it's a mix of the two, how is that accomplished specifically.

We buy at the lowest price possible, which at this point means going for the most liquid markets. In due course the bot will do all kinds of arbitrage and clever stuff, but the principle is the same: best price.

So has any Incent been bought off the market for the two ongoing ICO's?

Some, yes. More to come for both EncryptoTel and MobileGo.

[Markov]

So good to see that 55btc brings down the price by 10%. Not sure where you are buying guys but would be good to see the transactions.

($6,500,000*0.5%+$1,300,000*3%)/$1300=55btc

[Cript0]

can you give us some ETA on when you might turn on the bot please?

[PS1987]

Nice "buy pressure"... It will go back under 10000 sats

[snowcrawl]

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

[Markov]

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?

[Cassius]

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.

[jtalk]

In most simple words we can explain the situation this way. Someone who bought a lot of INCNT when the price was more lower and he assumed risk of pouring money into the market. When he saw opportunity he just took out his initial amount and now he will keep hanging and holding to get maximum juice out of it. This is normal market strategy and trading in every market. We will see another rise soon and team is playing very well its cards.

[taurados]

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...

[ifyousmell]

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

[darealsushi]

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

What's the reason of BIG dump right now

[KarlKarlsson_]

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

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.

[FandangledGizmo]

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

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]

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

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.

[Cassius]

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.

[Cassius]

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.