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Author Topic: [ANN][INCNT] Incent Loyalty | Waves Token | Traded on Bittrex  (Read 469073 times)
KarlKarlsson_
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May 07, 2017, 12:19:02 PM
 #3921

Incent Update: April 2017

7 May 2017

G’day Cent’urions!

So it’s been another big month, right?! Listing on Bittrex has changed things rather, just like many of you advised me it would, facilitating a nice run up in price to just over 20 US cents on the eve of the ICO activities we are supporting.

Anyway, they say one should never start with an apology but I am going to make two. Firstly, I want to apologise for the delay in releasing this sitrep and secondly, for its brevity.

Apology #1

So as some of you know last weekend I was, at short notice, invited out to the USA to work with some senior executives of a multinational financial services corporation.

“Why would a multinational be interested in Incent?” I hear you ask. Well, it’s simple really: they like that we are commerce-focused and that we’re building an end-to-end solution that doesn’t require mainstream consumers to know what a Genesis block is ;-)

So you will appreciate that this was an opportunity deserving of my full and undivided attention (so the newsletter got postponed). And you will also appreciate that it is far too early for me to be any more specific than I have been here…

…but what I can say is that we all got along very well, that this trip is unlikely to be my last and that we are all cautiously excited this end — because frankly, partnership here would change the game. Anyway, this was the view from my Adirondack as we finally wound-down, prior our return flight to Sydney; I was tired but happy…



Apology #2

…And the reason I’m going to keep this brief is because we are busy — crazy busy in fact — supporting 2 ICOs concurrently with ICOTech: EncryptoTel and MobileGo. Neither of these activities have been without issue and in MobileGo’s case we have, corporately, encountered significant technical challenges but we are proud that our tech has facilitated the flow of nearly $15 million into these projects, simultaneously, in just 2 weeks. And MobileGo in particular is unparalleled in the sophistication of its deposit (native deposits across 4 blockchains) and pricing models.

Why have we put ourselves under this pressure? Simple really: if we are to succeed commercially our technical solutions must be sufficiently robust to work seamlessly and securely, at scale. What better way to expose them to these demands than the cauldron of pressure that is an ICO?! In addition to which, facilitating these events rapidly increases ownership of and exposure to Incent and WAVES; MobileGo has attracted 5,000 unique investors already and is likely to complete one of the largest-grossing ICO raises of all time. All these investors will become members of the Waves and Incent communities. And finally, baking Incent into the deposit technology, as a reward for investment, allows us to support arket demand for our token — which we know you all care about deeply ;-)

Finally, I would close this point by saying that interest in ICOTech is currently ‘off the hook’, allowing us to select projects that we feel have a strong chance of success and will be of benefit to the ecosystem and holders of WAVES and Incent.

So What About Core Development?!

You’re probably thinking that with everything else going on, this has stalled. Don’t be daft. One of the key connections I cemented while in the US was Ms Jade Shyu, who some of you may know of as the UX design lead of the winning project at last year’s Money 20/20 hackathon. I have been pursuing Jade for some time now, to lead on the UX/UI of our consumer App (and if you spare the time to look at her site you will see why) and I am pleased to report that as a result of our meeting and her first conceptual submissions since, it looks like we will be doing business.



It is, of course, very early days but bearing in mind that our mobile app needs to present its end-to-end functionality to mainstream consumers, I think Jade is already on the right lines and has a huge amount to offer the project. More generally, we are getting more and more excited about the sweep of the App’s intended functionality and our conceptual focus at the moment is the incorporation of seamless off-ramps, in order to optimise the utility of Incent to consumers.

The other big news in the dev area is that we are working closer and closer with Bok Khoo, the by-now legendary Ethereum developer responsible for the first Ethereum Decentralized Exchange. Bok helped us conceptualise and code Blockswap , the first-of-its-kind application that allows a token to exist simultaneously on the Waves and Ethereum blockchains. Bok has become more and more central to our market infrastructure build and has recently moved into our Sydney HQ to work alongside us moving forward. When combined with Peter’s burgeoning Waves expertise, this gives Incent significant technical horsepower across these critical infrastructures.

Commercial Development

More of the same this last month as we move closer to pilot programs with both the Australian Employee Incentive company and the Puntos team. We’re also working with local loyalty consultant, Philip Shelper of Loyalty Reward Co, whose team are helping us to finesse our offering to Tier Two commerce and Loyalty Providers. On the crypto-infrastructure front, we are working with Sam Lee of the Australian Crypto Exchange to get Incent listed against the AUD and we are also in dialogue with Wavecrest on the subject of an Incent branded (and app embedded) visa debit card, which like Xapo would allow holders of Incent to transact with unpartnered merchants online (think Amazon…) and over the counter.

Boom!

So as you can see, it’s been another cracking month and as we continue to pull on the various threads we are taking great satisfaction in breathing life into a concept that many of you reading have, through your material support, given us the opportunity to do. We won’t ever forget this and we have no intention of letting you down.

On! On!

Rob Wilson
CEO
Incent Loyalty PTY Ltd
Level 5
155 Clarence Street
Sydney 2000
NSW.
rob@incentloyalty.com
+61 450 967 128

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May 07, 2017, 05:04:17 PM
 #3922

Nice update KarlKarlsson! Waiting for more Incent application worldwide.
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May 08, 2017, 03:58:33 AM
 #3923

Great update KarlKarlsson_. This will just give a somewhat peace of mind to the holders and investors of Incent, including myself. Big updates such as this one is very much needed in projects that is just starting like Incent. Price of it also improved especially when the said coin was added in Bittrex. I know that there are still huge announcements in the pipeline but the one you've provided would push the price higher.  Grin
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May 08, 2017, 08:48:51 AM
 #3924

LIES LIES AND MORE LIES LOL

"All these investors will become members of the Waves and Incent communities" GO TO MOBILEGO ICO TO SEE PPL TALKING  FOR INCENT LOL , THEY WILL BE MEMBERS FOR SURE HEHEHE  Roll Eyes Roll Eyes Roll Eyes

"baking Incent into the deposit technology, as a reward for investment, allows us to support arket demand for our token"

WHEN MOBILE GO ICO FINISH ...YOU WILL SE A DUMP TO 0 USD ...ALL INVESTORS WILL DUMP INCENT EVEN AT 0 USD  Grin Grin

THERE WILL BE ......
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May 08, 2017, 09:12:09 AM
 #3925

TROLL IN THE DUNGEON!!!

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May 08, 2017, 09:30:40 AM
 #3926

TROLL IN THE DUNGEON!!!



SURE I AM A TROLL ..SO GO AND SAY HI ON MOBILE GO..AND ASK..HOW THEY SEE INCENT PLATFORM  Grin Grin Grin LETS GO ....!! ALSO
WHEN MOBILE GO ICO FINISH ...IF INCENT PRICE KEEPS 1000 SAT WOULD BE WOW

THERE WILL BE ......
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May 08, 2017, 09:38:22 AM
 #3927

I'm on GameCredits MGO Slack. So are a bunch of other people in Incent and Waves communities. We do work and play together, you know.
You are a known and rather tedious troll, and even if you weren't the ALL CAPS MESSAGES GIVE YOU AWAY.
Anyway, no time to deal with trolls. Kthxbye.
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May 08, 2017, 09:44:56 AM
 #3928

I'm on GameCredits MGO Slack. So are a bunch of other people in Incent and Waves communities. We do work and play together, you know.
You are a known and rather tedious troll, and even if you weren't the ALL CAPS MESSAGES GIVE YOU AWAY.
Anyway, no time to deal with trolls. Kthxbye.

so you are in gamecredits slack...and they say how good is incent platform ...lol   i wait to see wtf you will say to investors when price hits - x4 from ico price lol ...i will be back

THERE WILL BE ......
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May 08, 2017, 05:21:16 PM
 #3929

Just tried to login with my ICO registration e-mail address and my password. I am very sure my password is correct. Yet, it does not let me log in.

No problem, perhaps you reset the database and want me to set a new password... So I used the password recovery function. It said:

Quote
Happy to help
If we have an email address that matches, then we've just sent password reset instructions.

Please do check junk / spam folders, and join us on slack for any further troubleshooting

But I haven't received any e-mail. Yes, and I also checked my spam folder.

I looked up incent e-mail address and tried to explain all this by e-mail to team@incentloyalty.com.

Quote
We're writing to let you know that the group you tried to contact (team) may not exist, or you may not have permission to post messages to the group. A few more details on why you weren't able to post:

 * You might have spelled or formatted the group name incorrectly.
 * The owner of the group may have removed this group.
 * You may need to join the group before receiving permission to post.
 * This group may not be open to posting.

If you have questions related to this or any other Google Group, visit the Help Center at https://support.google.com/a/bitscan.co/bin/topic.py&topic=25838.

Thanks,

bitscan.co admins

Please advice? Could you please fix your server, mailer?

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May 08, 2017, 05:26:52 PM
 #3930

Just tried to login with my ICO registration e-mail address and my password. I am very sure my password is correct. Yet, it does not let me log in.

No problem, perhaps you reset the database and want me to set a new password... So I used the password recovery function. It said:

Quote
Happy to help
If we have an email address that matches, then we've just sent password reset instructions.

Please do check junk / spam folders, and join us on slack for any further troubleshooting

But I haven't received any e-mail. Yes, and I also checked my spam folder.

I looked up incent e-mail address and tried to explain all this by e-mail to team@incentloyalty.com.

Quote
We're writing to let you know that the group you tried to contact (team) may not exist, or you may not have permission to post messages to the group. A few more details on why you weren't able to post:

 * You might have spelled or formatted the group name incorrectly.
 * The owner of the group may have removed this group.
 * You may need to join the group before receiving permission to post.
 * This group may not be open to posting.

If you have questions related to this or any other Google Group, visit the Help Center at https://support.google.com/a/bitscan.co/bin/topic.py&topic=25838.

Thanks,

bitscan.co admins

Please advice? Could you please fix your server, mailer?

Yep - manual withdrawals for tokens from the ICO site, now that we're down to the last few. Please could you join our Slack, where Cyrille will be able to get you sorted? (He's around here too, but it's much faster on Slack.) DM him your ICO email address and we'll do a withdrawal.
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May 10, 2017, 09:36:03 AM
 #3931

Hi,

I'm trying to get my incent to my wallet ( still from the ico ).
When will they be transferred?

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May 10, 2017, 09:37:34 AM
 #3932

Hi,

I'm trying to get my incent to my wallet ( still from the ico ).
When will they be transferred?



Best and fastest way is to join our Slack and drop Cyrille a DM.
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May 10, 2017, 10:36:40 PM
 #3933

An ICO, Encryptotel associated with Incent had an ICO hard cap of $3 million. This hard cap is one of the key reasons I and many others invested.


I don't invest in too many ICO's because even if they're good, if they trade quickly and don't have any major developments between ICO finishing and trading you can often pick them for less at the start of trading.

However in this case, there is cap of $3 million which I think will be easily reached thereby creating demand from those that missed out which should mean it will be very unlikely that you will be able to pick up shares any cheaper than now in this good project.


They have today announced they will continue accepting for another 24 hours. The current total now appears to be $4.5 million. http://ico.encryptotel.com


https://medium.com/@encryptotel/encryptotel-crowdsale-ends-with-the-collection-of-3-million-e17a6bf4444b

we will be leaving the crowdsale open for a final 24 hours, before closing it for good. We consider this the fairest way of ensuring investors all get a chance to commit funds, without unduly diluting our market cap.

Imagine if the TKN crowdsale which reached their CAP in less than 30 minutes, said "oh by the way, we're actually going to leave the crowdsale open for a final 24 hours, before closing it for good. We consider this the fairest way of ensuring investors all get a chance to commit funds, without unduly diluting our market cap."


Obviously this is a serious breach of the ICO terms. I'm writing this here because Incent has come out in support of them...


This was not something the team could have foreseen. The decision to give a 24-hour grace period was good: with BTC and WAVES so volatile, just the rise in the markets would have triggered the end of the crowdsale, only to have the risk of the total dropping back to $2.7 million or so not long afterwards. No one could know that a massive whale would come in like that.
Frankly it's a difficult situation to negotiate. If the whale had come in at $2.99m, then that last $1m would have to have been accepted anyway.
So far the team has proven highly professional and competent. And this was an unintended consequence of doing the right thing. So it's worth being more constructive about any criticism.

I'm an Incent shareholder too, not particularly big anymore, wondering what other Incent shareholders think about ICO's changing such critical terms significantly at the last minute & Incent coming out in support of that behaviour?
 

 
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May 10, 2017, 11:35:21 PM
 #3934

You will notice that they did specify 3 million plus, under the "What we want to do" part of their homepage.



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May 10, 2017, 11:48:02 PM
 #3935

You will notice that they did specify 3 million plus, under the "What we want to do" part of their homepage.





The have explicitly confirmed multiple times that it has a hard cap of $3 million and until they hit it, it was also stated clearly on the ICO homepage itself at http://ico.encryptotel.com , so it was the very first thing investors saw, advertised by them, that there was a hard cap of $3 million.


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May 11, 2017, 12:19:01 AM
 #3936

Okay, I now see what you mean.   I did participate for the first time today, so pretty close to then end of the ICO.   I honestly wasn't sure if I was too late or not, when I found out that they had already reached their funding goal.  I think it might be worthwhile to follow the EncryptoTel slack and BCT thread for more detailed info.   That's what I'm doing.
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May 11, 2017, 12:57:32 AM
 #3937

You will notice that they did specify 3 million plus, under the "What we want to do" part of their homepage.





The have explicitly confirmed multiple times that it has a hard cap of $3 million and until they hit it, it was also stated clearly on the ICO homepage itself at http://ico.encryptotel.com , so it was the very first thing investors saw, advertised by them, that there was a hard cap of $3 million.




I see there is big title says max cap $3m in your image, so the whitepaper is not accurate, the image shows in the website is correct.
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May 11, 2017, 10:58:15 AM
 #3938

There's been an update from the EncryptoTel team - I'd suggest following their BCT thread.
Given the exchange rate volatility, which is mostly what carried them over the $3m line, the decision to extend seemed like a good one. It looks like they were as surprised as anyone when a massive investor came in at the end like that!
I'd be interested to know what the fiat value of the funds would be as per the exchange rates at the beginning of the ICO.
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May 11, 2017, 11:43:10 AM
 #3939

Last thing I read is that the Encryptotel team is considering a voting if they should accept the latecomers or not. We will see how it pans out.

Important point I want to make here is that Incent is simply providing the ICO platform and has no insight into operational decisions by the ETT team. The decision to allow investments for another 24h was made by Encryptotel and we are simply following the customer's wish. If they happen to decide not to accept investments made during the grace period, then we will go forward accordingly.

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May 12, 2017, 06:09:04 AM
 #3940

But with two successful ICO on the Incent platform recently why is the price of Incent tokens still below ICO price, I really don't understand how people come about the valuation of these tokens

.


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