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

[Cassius]

There is talk in Telegram of a delay to launch. I could not work out if any reason was given.

Has the platform launched, and have the subscription prices for users to receive any benefit been published?

I would also like to confirm that any user wishing to actually receive any Incent into their sole possession will have to pay a subscription.

From Telegram earlier:

Rob Wilson, [19.07.19 00:28]
Product live @ my.incent.com

Rob Wilson, [19.07.19 00:29]
Marketing website will be live within the next couple of hours @ Incent.com

Rob Wilson, [19.07.19 00:34]
Subscription options will be as follow:
Bronze: AUD 10 pcm to earn up to AUD 20 INCNT pcm
Silver: AUD 20 pcm to earn up to AUD 40 INCNT pcm
Gold: AUD 50 pcm to earn up to AUD 100 INCNT pcm
Platinum - Bespoke plan

Rob Wilson, [19.07.19 00:36]
These will be published in-product as soon as the design/UX is coded

Rob Wilson, [19.07.19 00:38]
If a user decides against subscribing to any of these options but keeps their account synch'd they will still be rewarded when they shop at a partnered merchant.

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[lpaz09]

I have reviewed material once again, but at this point still do not understand how a spend of $100, for example, results in any reward. How much Incent would I receive if I linked a bank account, and spent $100?

I need this information to evaluate the cost / benefit.

I do understand that it will cost me at least $10 to access whatever I receive.

Please confirm details, and that my understanding is correct.

[igorttomic]

Incent goes live with over 5,000 users: https://www.publish0x.com/incent-loyalty/incent-goes-live-over-5000-users-xlzqzn

[jc12345]

The new Insync tech platform that launched is a really cool concept. However it is just available to Australian users. When will you roll out to other countries or do you first want to prove the tech in Australia?

[Cassius]

The new Insync tech platform that launched is a really cool concept. However it is just available to Australian users. When will you roll out to other countries or do you first want to prove the tech in Australia?

Yes - prove the tech and its use case in Aus, then expand.

[jc12345]

The new Insync tech platform that launched is a really cool concept. However it is just available to Australian users. When will you roll out to other countries or do you first want to prove the tech in Australia?

Yes - prove the tech and its use case in Aus, then expand.

Ok but on the meantime what can people outside of Australia do? Just buy on the market? Do you foresee months or years for wider expansion.

[lpaz09]

I have reviewed material once again, but at this point still do not understand how a spend of $100, for example, results in any reward. How much Incent would I receive if I linked a bank account, and spent $100?

I need this information to evaluate the cost / benefit.

I do understand that it will cost me at least $10 to access whatever I receive.

Please confirm details, and that my understanding is correct.

Can you please give at least 1 concrete example, I haven't yet seen one.

Because of the requirement to purchase a $10 subscription in order to receive any Incent, I would like to calculate what spend that would require to represent the added value I would receive in return for sharing my spending details.

[lpaz09]

Telegram conversation indicates that Incent as a company purchases 1% of the total $ spend per customer in Incent from the 'open market', with withdrawal limited to customers paying for a subscription.

Something else I'd like to confirm - that the withdrawal of Incent is limited to 2x my current subscription fee? This gives rise to some interesting incentives. Is there any other rule or policy in regard to withdrawals? Is there a comprehensive policy document available, such as might be expected by an australian consumer?

[studio1one]

Are there any plans for you guys to start buying back INCNT tokens in the future? Asking this because the volume is quite low right now and risks delisting from binance.

[snowcrawl]

Are there any plans for you guys to start buying back INCNT tokens in the future? Asking this because the volume is quite low right now and risks delisting from binance.

Incent has never been listed or traded on Binance.   The two main markets are Bittrex International and Livecoin.   The daily trading volumes on there have been consistently similar in recent times.   So it is unlikely that there will be any risk that Incent will be delisted from either of those.   Most likely, the volume will gradually be increasing as people start using the Incent that they have earned from the service.

[studio1one]

Are there any plans for you guys to start buying back INCNT tokens in the future? Asking this because the volume is quite low right now and risks delisting from binance.

Incent has never been listed or traded on Binance.   The two main markets are Bittrex International and Livecoin.   The daily trading volumes on there have been consistently similar in recent times.   So it is unlikely that there will be any risk that Incent will be delisted from either of those.   Most likely, the volume will gradually be increasing as people start using the Incent that they have earned from the service.

So sorry I meant Bittrex. I was actually talking to my friend about binance at the same moment thats why I might have wrote Binance mistakenly.

When can we start earning from their platform?

[Cassius]

Are there any plans for you guys to start buying back INCNT tokens in the future? Asking this because the volume is quite low right now and risks delisting from binance.

Incent has never been listed or traded on Binance.   The two main markets are Bittrex International and Livecoin.   The daily trading volumes on there have been consistently similar in recent times.   So it is unlikely that there will be any risk that Incent will be delisted from either of those.   Most likely, the volume will gradually be increasing as people start using the Incent that they have earned from the service.

So sorry I meant Bittrex. I was actually talking to my friend about binance at the same moment thats why I might have wrote Binance mistakenly.

When can we start earning from their platform?

Volume's been pretty good recently: https://international.bittrex.com/Market/Index?MarketName=BTC-incnt
Unless you're in Aus you'll need to wait for global rollout.

[studio1one]

Are there any plans for you guys to start buying back INCNT tokens in the future? Asking this because the volume is quite low right now and risks delisting from binance.

Incent has never been listed or traded on Binance.   The two main markets are Bittrex International and Livecoin.   The daily trading volumes on there have been consistently similar in recent times.   So it is unlikely that there will be any risk that Incent will be delisted from either of those.   Most likely, the volume will gradually be increasing as people start using the Incent that they have earned from the service.

So sorry I meant Bittrex. I was actually talking to my friend about binance at the same moment thats why I might have wrote Binance mistakenly.

When can we start earning from their platform?

Volume's been pretty good recently: https://international.bittrex.com/Market/Index?MarketName=BTC-incnt
Unless you're in Aus you'll need to wait for global rollout.

I don't know if you guys have already decided on it or not but will I have to perform some sort of KYC to be able to use the platform?

[Cassius]

I don't know if you guys have already decided on it or not but will I have to perform some sort of KYC to be able to use the platform?

Yes, KYC is obviously involved in syncing your bank and some details are taken on sign-up.

[sandrozc]

Incent CEO Rob Wilson on the Osher Günsburg podcast : https://www.publish0x.com/incent-loyalty/incent-ceo-rob-wilson-osher-gunsburg-podcast-xwwvje

[studio1one]

I don't know if you guys have already decided on it or not but will I have to perform some sort of KYC to be able to use the platform?

Yes, KYC is obviously involved in syncing your bank and some details are taken on sign-up.

Alright. Was not much active in INCNT but I have participated in the ICO of the INCNT long back and now I am eagerly waiting for a global rollout of your project.

[lpaz09]

I have a question in regard to the purchase of Incent tokens by Incent the company - how do you determine scaling of purchasing before users have paid subscriptions? ie. how much value have you set aside to purchase Incent? How many users could the platform support? - Also, what currency do you use to purchase Incent on behalf of a customer, and how do you manage any risk in that regard?

[Cassius]

I have a question in regard to the purchase of Incent tokens by Incent the company - how do you determine scaling of purchasing before users have paid subscriptions? ie. how much value have you set aside to purchase Incent? How many users could the platform support? - Also, what currency do you use to purchase Incent on behalf of a customer, and how do you manage any risk in that regard?

I think you have misunderstood the model. There's no need to pre-buy. Incent are bought as required off the open market. And there's no limit to how many users the platform can support.

[lpaz09]

I think you have misunderstood the model. There's no need to pre-buy. Incent are bought as required off the open market. And there's no limit to how many users the platform can support.

When a user joins Incent, and adds their bank account, the platform purchases Incent on their behalf everytime they spend any amount anywhere. Incent, the company, pays for this Incent 'as required off the open market'. Is this correct?

[JeffBrad12]

I have a question in regard to the purchase of Incent tokens by Incent the company - how do you determine scaling of purchasing before users have paid subscriptions? ie. how much value have you set aside to purchase Incent? How many users could the platform support? - Also, what currency do you use to purchase Incent on behalf of a customer, and how do you manage any risk in that regard?

I think you have misunderstood the model. There's no need to pre-buy. Incent are bought as required off the open market. And there's no limit to how many users the platform can support.

hey cassius, is there a chance for incent to think in a different way just like try to issue the bep token and get listed in binance dex? I thought that you must think to create a good step to attract demand from the market.
I thought that the team will think about that.