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wowok
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July 14, 2017, 01:34:57 PM |
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Hello,
Why incent price is very low? I can't believe that current price is bellow 5k satoshi. I hope we can see a pump very soon as like before. I bought 1.2k incnt today.
Waiting for some good news.
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Cassius
Legendary
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Activity: 1764
Merit: 1031
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July 15, 2017, 05:29:15 AM |
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An update from Incent
Sydney, 15 July 2017
G’day,
So ends another frenetic week and in pausing to take stock, I am well aware that I owe you all an update on where things stand, how we got here and what we are doing about it. In the future I look forward to doing this by AMA or Interview but right now I need to choose my words with the utmost care and cannot afford to be drawn. I can only hope you understand. Firstly, and with respect to the most recent unpleasantness, I can only say 3 things at this point:
1. A third of our crypto assets are not currently under our control.
2. A NSW high court injunction would render their further movement a criminal offence.
3. We are doing everything we can to secure their return.
Clearly, none of this is ideal but having spent the last 10 days, working up and through a damage limitation and recovery strategy, I feel like we are pulling out of the dive. The purpose of this note is to to share with you all why I feel this way.
Team
So, it’s a jolting moment when one’s Technical Director is, literally, no longer present, particularly without any succession measures in place. But, it’s important to remember that at this point Incent’s technical team is bigger than one man. Matt and Nadia have been with us for nearly 2 months, Bok is alongside and Sergey has rolled straight into the TD role. Also, Jins’ technical background has enabled him lean-in, secure and shore up our technical infrastructure. So while it’s a fact that a lot of IP walked out of the door with Peter, it isn’t like anything we were working on has ground to a halt. Further, it’s forced us to take a fresh look at our development path in the broadest sweep and this has been a wholly positive process.
Further, the arrival of Mary Powell as GM and Compliance Officer could not have been better timed and together with our legal and accounting specialists, I feel that a close team is being forged in a crucible of pressure. This is not what any of us would have wished for but we’re committed, professional adults and we’re determined to come through this trial better and stronger.
Core
So far as the core product is concerned, we have made the decision to simplify the MVP — significantly — such that Incent is bought via a web-app then distributed and traded via a mobile ‘kiosk’ app to and from a consumer’s mobile wallet app. These 3 components will allow us to get to market with an end to end solution in the shortest possible order and provide us with a foundation upon which to build the more advanced functionalities and plug-ins.
I accept that is a more modest entrance to the mainstream commercial market than we had originally envisaged but if we have learned anything over the last 3 months, it’s that sophistication doesn’t scale well, quickly. Beyond which, this MVP realisation removes all barriers to global merchant participation at the outset and gives us the tools to demonstrate the product to potential partners. So this is what we are going to do and we’re excited about it.
ICO Tech
I want to acknowledge the community angst swirling around our hosted ICO service, which stems from a decision I made back in December of 2016 to support demand for Incent quickly, using something we had already built, in a market I felt was set to catch fire.
I also want to assert that there wasn’t a lot wrong with this strategy; the ICO market has taken off and this tech provably boosts demand for Incent when deployed.
Equally, I recognise that our execution of the strategy — both commercially and technically — was poor and I accept that the impact of our failure to deliver what we had hoped to has been significant, on our reputation generally and your confidence in us to deliver our core mission.
Painful though this is to acknowledge, I am minded that history is replete with examples of things that didn’t go right the first time, so while I have hated presiding over such a bloody mess and understand that the course of least resistance would be to shutter it up and move on swiftly, I’ve felt compelled to weigh the strength of the original strategy against the complications we experienced in its execution.
And this process informed a decision I took a month back to re-build the code base, remove the dependencies, strip out the complexity and then look to open-source the lot, with a far simpler demand servo for Incent built-in.
If we follow through with this plan, the code would benefit from exposure to community audit, our maintenance costs would be zeroed and demand for Incent would still be supported whenever a new team deploys it. It would also lower entry costs for new projects wanting to launch projects on the Waves platform, which feels like the least we can do.
Anyway, while we are yet to make final deployment decisions, as I write this update the heavy lifting is well progressed. And what I can promise you is that whatever we decide ultimately to do, Incent will never again host an ICO on behalf of a client. On this point we have most certainly learnt our lesson.
Thoughts
So there you are. As I read this back to myself, it occurs to me that just 74 days have passed since the start of MobileGo’s ICO. How different life looked for us here at Incent HQ just 2 and half months ago…
But, d’you know what? Hard as they have been to endure, we are still here. Nothing has been done that cannot be undone, learnt from or improved. I haven’t undergone a change of personality or conviction. I’m still driven to deliver Incent’s core mission and despite everything, my team still has more resources and talent in place to achieve that now than we did last December. Viewing things from this perspective helps me to appreciate that the sky really isn’t going to fall in and that, in fact, we’ve only just begun.
Yours Aye,
Rob W.
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GiovanniDiCosimo
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July 15, 2017, 06:55:26 AM |
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Anything concrete again  I feel like I just want cut my losses with Incent. Sadly... |
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J1mb0
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July 15, 2017, 10:40:27 PM |
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An update from Incent
1. A third of our crypto assets are not currently under our control.
2. A NSW high court injunction would render their further movement a criminal offence.
3. We are doing everything we can to secure their return.
Rob W.
Well, it could have been worse. DAO was pretty much unstoppable - whereas a) This is limited to 1/3 of assets. b) You have a good idea where the assets are and c) You are taking all reasonable steps to recover them. I think this is still in 'learning curve' territory. And we swap an overpaid useless coder with a, hopefully, more realistically paid good coder. Oh - and get his face off the website team photo, post haste!  |
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btcrich
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July 15, 2017, 11:09:48 PM |
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1. A third of our crypto assets are not currently under our control.
2. A NSW high court injunction would render their further movement a criminal offence.
3. We are doing everything we can to secure their return.
Looks like you are missing a lot of coins here and there is a legal battle going on with the project at stake,no wonder the price has taken a hit,is it even possible to get the coins back and if you are not able to recover the coins then what will be the situation,will the project fold before fulfilling the promise. |
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Cassius
Legendary
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Activity: 1764
Merit: 1031
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July 16, 2017, 08:05:35 AM |
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1. A third of our crypto assets are not currently under our control.
2. A NSW high court injunction would render their further movement a criminal offence.
3. We are doing everything we can to secure their return.
Looks like you are missing a lot of coins here and there is a legal battle going on with the project at stake,no wonder the price has taken a hit,is it even possible to get the coins back and if you are not able to recover the coins then what will be the situation,will the project fold before fulfilling the promise. Actually, the outlook on the core product is in a pretty good place right now. It would be wrong to call the other stuff a sideshow, but it won't kill the project. |
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wgd
Legendary
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Activity: 1815
Merit: 1005
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July 16, 2017, 12:14:04 PM |
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Why did all this with incent lasted so long? Now we have the altcoins panic, and everything even worth flies like a potato. What is ico price in bitcoin?
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lengfeng847
Member
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Activity: 98
Merit: 10
Hello Bitcointalk
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July 16, 2017, 12:22:13 PM |
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mm0104
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July 16, 2017, 01:35:51 PM |
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What is ico price in bitcoin?
ICO price was 10k satoshi, 0.0001 BTC with maximum bonus and 0.0002 BTC at the end of the ICO. Some investors who invested 50 BTC or more got a better price that I don't remember. |
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wowok
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July 16, 2017, 01:53:06 PM |
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You can't consider any project as scam while development and adoption is ongoing. Dev is very responsible to his clients and investors.I believe incent price will go back to the moon. |
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J1mb0
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July 16, 2017, 05:08:00 PM |
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You can't consider any project as scam while development and adoption is ongoing. Dev is very responsible to his clients and investors.I believe incent price will go back to the moon.
Well, it never went to the moon yet, but I agree with your sentiment. It's still a dammed good proposition on a very solid platform. Incentive schemes are a low hanging fruit for blockchain disruption and the fundamentals have not changed for this project. Still, we are looking at least one year ahead and more for mass adoption. |
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cryrpt777
Member
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Activity: 126
Merit: 11
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July 17, 2017, 12:11:09 PM |
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"On this point we have most certainly learnt our lesson."
Good to hear that.
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BlackMike
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July 19, 2017, 08:28:51 PM |
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You can't consider any project as scam while development and adoption is ongoing. Dev is very responsible to his clients and investors.I believe incent price will go back to the moon. Dream on. It looks like it's the same development pattern as ETT ICO team. I just start to hate these ICOs. They are very active while collecting funds and show very low activity when they have the money in their pocket!! |
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uki
Legendary
Offline
Activity: 1358
Merit: 1000
cryptojunk bag holder
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July 22, 2017, 10:26:30 PM |
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Anything concrete again I feel like I just want cut my losses with Incent. Sadly... Same feeling here. Still being patient, but one to have to reconsider it at some point. There are plenty of empty promises and nothing really precise, to make you think, it is still worth keeping it for a longer while. Just words... |
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Cassius
Legendary
Offline
Activity: 1764
Merit: 1031
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July 23, 2017, 08:45:42 AM |
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Anything concrete again I feel like I just want cut my losses with Incent. Sadly... Same feeling here. Still being patient, but one to have to reconsider it at some point. There are plenty of empty promises and nothing really precise, to make you think, it is still worth keeping it for a longer while. Just words... Slack is a better place to keep up with developments. |
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DonApp
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July 23, 2017, 11:43:38 AM |
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Anything concrete again I feel like I just want cut my losses with Incent. Sadly... Same feeling here. Still being patient, but one to have to reconsider it at some point. There are plenty of empty promises and nothing really precise, to make you think, it is still worth keeping it for a longer while. Just words... Slack is a better place to keep up with developments. Nah, if there is an official update announcement from Rob, one expects to get some future vision and technical updates. The update that has been shared is only about the hussle surrounding Peter, and nothing on the technical or commercial progress of the project. How is the integration with the first (Chinese) client going? Everything done there? Any updates on other clients? And what about the mobile wallet that has been under development for quite some time? Don't get me wrong, I was a strong supporter and joined the ICO heavily. Luckily for me I have sold all my assets beginning of this year, but still I feel an affinity and strong incentive towards this project. When things are looking better, I might step in again, but only when the dust has settled and when technical and commercial progress is back on track. |
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thepo1m
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July 23, 2017, 11:59:19 AM |
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Anything concrete again I feel like I just want cut my losses with Incent. Sadly... I will advise you to hold and can't it has a bad investment which is bound to happen but in future if things turns good then we will have something to rejoice about. The price of Incent tokens has been perpertually below the ICO price during the short life of the project. I can't say the team understand how to make this worth while for investors |
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Cassius
Legendary
Offline
Activity: 1764
Merit: 1031
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July 23, 2017, 02:36:32 PM |
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Anything concrete again I feel like I just want cut my losses with Incent. Sadly... Same feeling here. Still being patient, but one to have to reconsider it at some point. There are plenty of empty promises and nothing really precise, to make you think, it is still worth keeping it for a longer while. Just words... Slack is a better place to keep up with developments. Nah, if there is an official update announcement from Rob, one expects to get some future vision and technical updates. The update that has been shared is only about the hussle surrounding Peter, and nothing on the technical or commercial progress of the project. How is the integration with the first (Chinese) client going? Everything done there? Any updates on other clients? And what about the mobile wallet that has been under development for quite some time? Don't get me wrong, I was a strong supporter and joined the ICO heavily. Luckily for me I have sold all my assets beginning of this year, but still I feel an affinity and strong incentive towards this project. When things are looking better, I might step in again, but only when the dust has settled and when technical and commercial progress is back on track. Understood. I assume you've seen Jade's work on the ui? I'd hope to have another update with more relatively soon but there are still some things we need to deal with first. |
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uki
Legendary
Offline
Activity: 1358
Merit: 1000
cryptojunk bag holder
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July 23, 2017, 03:17:09 PM |
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Anything concrete again I feel like I just want cut my losses with Incent. Sadly... Same feeling here. Still being patient, but one to have to reconsider it at some point. There are plenty of empty promises and nothing really precise, to make you think, it is still worth keeping it for a longer while. Just words... Slack is a better place to keep up with developments. Nah, if there is an official update announcement from Rob, one expects to get some future vision and technical updates. The update that has been shared is only about the hussle surrounding Peter, and nothing on the technical or commercial progress of the project. How is the integration with the first (Chinese) client going? Everything done there? Any updates on other clients? And what about the mobile wallet that has been under development for quite some time? Don't get me wrong, I was a strong supporter and joined the ICO heavily. Luckily for me I have sold all my assets beginning of this year, but still I feel an affinity and strong incentive towards this project. When things are looking better, I might step in again, but only when the dust has settled and when technical and commercial progress is back on track. Understood. I assume you've seen Jade's work on the ui? I'd hope to have another update with more relatively soon but there are still some things we need to deal with first. Fine. I am not giving up yet, but would expect a more technical update next time. What happened it is done, and now it is time to move along and keep looking forward. The more the time goes, the less people will have patience to keep the coin, if all we have in store are just words. |
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