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Author Topic: [ANN][INCNT] Incent Loyalty | Waves CAT | On Bittrex | Roll-out Q1/Q2 2017  (Read 261546 times)
Cassius
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Today at 07:36:34 AM
 #3821


so this means that incent will be bought from market in 'real time" every time someone invests in mobilego during ICO - starting today? This is very cool if it is this way.

That's the idea. It's the same for every Incent customer.
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KarlKarlsson_
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Today at 07:36:48 AM
 #3822

any plan for masternode down the road?
Answered you in Slack. Incent doesn't run its own blockchain, it's a digital asset on the Waves blockchain. There are no plans to introduce master nodes to Waves, however.

So to recap:
Yes, we're not buying in realtime right now - though hopefully this should be deployed soon, so that every ICO deposit leads to an (almost) immediate exchange buy of Incent.
This time around, for reasons explained, we need to bundle up a few payments and submit them together.
Anyone who is following the progress of EncryptoTel's crowdsale might be interested to know this.

so the buys will be made at the end of these ICOs? Someone said incent will make some buys today.
https://twitter.com/Epimetheusz/status/856506301773471745
Is that correct or no?


Woulnt that just make price jump immediately and then people just dump back into this? It is not clear from this answer when will the buys occur. Better to buy slowly,isnt it?

A series of updates to Waves meant there were issues to fix in the main software. This time, with EncryptoTel, it was safer to bundle a bunch of buys together and make them all at once. In general, each buy will be made in real time, separately - just like every merchant transaction.

ah,so the buys were already made for EncryptoTel?

So how does it work with mobilego then? You check how much was raised that day? Or once per week? Or when the campaing is over you start making small buys or do you make buys during the coming days?

No, they buys haven't been made yet  Smiley

Not quite. Basically every time a deposit comes in we take 0.5% of it and purchase Incent from the secondary market. Whatever amount of Incent we get for that is credited to the investor. This happens in real-time (within a few minutes after the deposit) and investors are able to withdraw their Incent right away.

The two points you mentioned seem contradictory. Lets say the Mobilego crowdsale is tomorrow at 11am, before 9pm will you have purchased INCNT on the market?
They're not if you had read the explanation a little earlier.  Smiley

The Waves node updates kept Peter busy and didn't allow the real-time purchasing to go live when the Encryptotel ICO started. We basically just have to press a button which executes the accrued buy orders and shifts the whole process to automatic. MobileGo should be automatic from the beginning.

so this means that incent will be bought from market in 'real time" every time someone invests in mobilego during ICO - starting today? This is very cool if it is this way.
For Encryptotel that will be the case as soon as we press that button and for MobileGo it should work like this from the start, yes.

It will work like this for any merchant using Incent, by the way. Pretty cool indeed  Smiley

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Today at 07:48:16 AM
 #3823

Guys, thanks for reply!  Great to hear this, sounds like a winner (coin)!




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Cassius
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Today at 08:06:49 AM
 #3824

Guys, thanks for reply!  Great to hear this, sounds like a winner (coin)!

Thanks. We think so! We spent a long time figuring out the best way to do all this stuff. Ultimately, this seemed like the most transparent and reasonable way, as well as the most profitable for everyone involved.
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