I'm still on the fence. Is it possible for Incent to exceed Waves in value?
Another question; say I buy 1 Btc worth of Incent which will get me 10,000 units now. Will the number of units I own decrease by the end of the ICO?
Topic: [ANN][INCNT] Incent Loyalty | Waves Token | Traded on Bittrex - page 204. (Read 491316 times)
October 03, 2016, 03:05:48 PM
October 03, 2016, 02:52:01 PM
Incent ICO accepts two different currencies: BTC and Waves and has a total CAP of 5mln USD as investment. Please explain, at what rate and time BTC/USD and WAVES/USD investment is fixed everytime investor makes payment. I mean, price on both currencies vary and if BTC stayed about average 600-610 USD for past several months, and if nothing major happens when it probably be around the same by the time you collect 5mln but WAVES price jumps in between 25k-35k satoshis.
Just been wondering if Waves price is fixed in USD at the time of investment is done or at sometime in the future? Considering to make an investment in Waves but want to be sure doing it at the right time (for instance if full nodes of waves are released during October and price on market is goes up, then initial investmen is lower that is worth in that future if price WAVES/USD was fixed at the time of transaction). Basically question is if decent amount of WAVES are invested and WAVES price changes, will it affect ICO total investment SUM in USD and ICO will end? Or you are considering to fix investments in USD at the time of investments but refix all prices to USD at the time of ICO reaches of 5mln, where prices were fixed at the time of investments.
Thx
I see my questions haven't been answered yet. Anybody else maybe interested in that? So will move it upfront again so it won't stay hidden behind all other posts.Just been wondering if Waves price is fixed in USD at the time of investment is done or at sometime in the future? Considering to make an investment in Waves but want to be sure doing it at the right time (for instance if full nodes of waves are released during October and price on market is goes up, then initial investmen is lower that is worth in that future if price WAVES/USD was fixed at the time of transaction). Basically question is if decent amount of WAVES are invested and WAVES price changes, will it affect ICO total investment SUM in USD and ICO will end? Or you are considering to fix investments in USD at the time of investments but refix all prices to USD at the time of ICO reaches of 5mln, where prices were fixed at the time of investments.
Thx
Maybe I'll add another 1 as well - there is conversion rate of BTC to Incent tokkens but not for Waves directly - so Wave's price is very volatile and that is actually questions behind all that.
Waves conversion rate is based on the Bravenewcoin Waves Index (http://bravenewcoin.com/waves#Trading-Pairs) and is applied when you deposit Waves, not at a future point.
Let me know if I missed something or in case there is still uncertainty.
for calculating total investment at the time of the investment is understandable, but what will be the ammount of tokkens? Are the tokens calculated and their ammount is final at the time of investment or ammount of tokkens will be calculated at the time of ICO end/hit 5mln via initial calculation of collected investments.
stategically thinking best option is to buy waves on main exchange, price will go up (wave's pretty easy to change +5-10%) and after that invest in incent (depends how fast we can extract from exchange but for that purpose i already have waves on separate wallets so no prob here). Probably we will see jump on waves price just before 10kincent per btc will move on to 9k and at that time i'll probably make my investment
October 03, 2016, 02:48:18 PM
Also about this:
Quote
20 to 49 BTC = 15,000 Incent / BTC (0.00006667 BTC/Incent)
>50 BTC = 24,000 Incent / BTC (0.00004167 BTC/Incent)
>50 BTC = 24,000 Incent / BTC (0.00004167 BTC/Incent)
If I invest over 50 btc I basically x2.4 amount what people are currently buying for, so the smaller buyers (under 20 btc) basically just buying incent for x2.4 the price from the >50 btc buyers. That does not sound fair at all, actually that is absurd.
Also 50% of the total supply is held for costs and what not, maybe I'm missing something or didn't understand but along with the ICO funds you're going to hold 50% of the supply.
If that is all right, why in the hell would I want to invest? This does seem like a well planned future pump/dump.
You've misunderstood in both cases.
The deal at the top was for pre-ICO Angel investors, who typically bring much more than money to the table. This deal no longer stands now that ICO has started. There were a limited number of Angel investors, and they don't have a lot of incentive to dump.
The 50% Reserve is not held for 'costs'. Please read the detailed posts about this Reserve. It's not for the team, or anyone else. It's to maintain orderly payments to customers. Fiat funds sent from merchants take 2-3 days to arrive. Obviously we cannot wait that long before we remit Incent to the customer. Thus the Reserve is required for the project to work properly, and in return, Incent holders will receive regular 'dividend' payments from BitScan's marketmaking.
Really, minimal reading would have made this clear.
Thanks, noticed you posted this which answered by questions. Ignore my last post.
October 03, 2016, 02:47:14 PM
Quote
Paul Klanschek and Fran Strajnar will each receive 0.5% of the amount raised at ICO in
BTC, but with a minimum of 2 BTC, as payment for their Escrow services. This will be
treated in the P&L as part of 'cost of raising capital' and the escrow fees shall be paid
out the day after the ICO has officially closed.
BTC, but with a minimum of 2 BTC, as payment for their Escrow services. This will be
treated in the P&L as part of 'cost of raising capital' and the escrow fees shall be paid
out the day after the ICO has officially closed.
So if lets say 5M was collected in the ICO, they each get $25,000 for pretty much nothing. I'd say that is way too much, but again it's ICO holders funds so who cares.
Also about this:
Quote
20 to 49 BTC = 15,000 Incent / BTC (0.00006667 BTC/Incent)
>50 BTC = 24,000 Incent / BTC (0.00004167 BTC/Incent)
>50 BTC = 24,000 Incent / BTC (0.00004167 BTC/Incent)
If I invest over 50 btc I basically x2.4 amount what people are currently buying for, so the smaller buyers (under 20 btc) basically just buying incent for x2.4 the price from the >50 btc buyers. That does not sound fair at all, actually that is absurd.
Also 50% of the total supply is held for costs and what not, maybe I'm missing something or didn't understand but along with the ICO funds you're going to hold 50% of the supply.
If that is all right, why in the hell would I want to invest? This does seem like a well planned future pump/dump.
Pre-ICO investments are not just any investment - the other party is committed to support the project in whichever way it can and this is exactly happening right now. Our angel investors are a great help to the project and assist in making it a success. Keep that in mind when analyzing these figures.
Only 12% are held back by the team, what the other reserve is used for is well explained here: https://bitscan.com/articles/incent-reserve-explainer
Thanks for the explanation...
October 03, 2016, 02:43:42 PM
Also about this:
Quote
20 to 49 BTC = 15,000 Incent / BTC (0.00006667 BTC/Incent)
>50 BTC = 24,000 Incent / BTC (0.00004167 BTC/Incent)
>50 BTC = 24,000 Incent / BTC (0.00004167 BTC/Incent)
If I invest over 50 btc I basically x2.4 amount what people are currently buying for, so the smaller buyers (under 20 btc) basically just buying incent for x2.4 the price from the >50 btc buyers. That does not sound fair at all, actually that is absurd.
Also 50% of the total supply is held for costs and what not, maybe I'm missing something or didn't understand but along with the ICO funds you're going to hold 50% of the supply.
If that is all right, why in the hell would I want to invest? This does seem like a well planned future pump/dump.
You've misunderstood in both cases.
The deal at the top was for pre-ICO Angel investors, who typically bring much more than money to the table. This deal no longer stands now that ICO has started. There were a limited number of Angel investors, and they don't have a lot of incentive to dump.
The 50% Reserve is not held for 'costs'. Please read the detailed posts about this Reserve. It's not for the team, or anyone else. It's to maintain orderly payments to customers. Fiat funds sent from merchants take 2-3 days to arrive. Obviously we cannot wait that long before we remit Incent to the customer. Thus the Reserve is required for the project to work properly, and in return, Incent holders will receive regular 'dividend' payments from BitScan's marketmaking.
Really, minimal reading would have made this clear.
October 03, 2016, 02:43:10 PM
Quote
Paul Klanschek and Fran Strajnar will each receive 0.5% of the amount raised at ICO in
BTC, but with a minimum of 2 BTC, as payment for their Escrow services. This will be
treated in the P&L as part of 'cost of raising capital' and the escrow fees shall be paid
out the day after the ICO has officially closed.
BTC, but with a minimum of 2 BTC, as payment for their Escrow services. This will be
treated in the P&L as part of 'cost of raising capital' and the escrow fees shall be paid
out the day after the ICO has officially closed.
So if lets say 5M was collected in the ICO, they each get $25,000 for pretty much nothing. I'd say that is way too much, but again it's ICO holders funds so who cares.
Also about this:
Quote
20 to 49 BTC = 15,000 Incent / BTC (0.00006667 BTC/Incent)
>50 BTC = 24,000 Incent / BTC (0.00004167 BTC/Incent)
>50 BTC = 24,000 Incent / BTC (0.00004167 BTC/Incent)
If I invest over 50 btc I basically x2.4 amount what people are currently buying for, so the smaller buyers (under 20 btc) basically just buying incent for x2.4 the price from the >50 btc buyers. That does not sound fair at all, actually that is absurd.
Also 50% of the total supply is held for costs and what not, maybe I'm missing something or didn't understand but along with the ICO funds you're going to hold 50% of the supply.
If that is all right, why in the hell would I want to invest? This does seem like a well planned future pump/dump.
Pre-ICO investments are not just any investment - the other party is committed to support the project in whichever way it can and this is exactly happening right now. Our angel investors are a great help to the project and assist in making it a success. Keep that in mind when analyzing these figures.
Only 12% are held back by the team, what the other reserve is used for is well explained here: https://bitscan.com/articles/incent-reserve-explainer
October 03, 2016, 02:34:52 PM
small bounty rewards on viralexchange..
I echo that thoughtI catch every incent tokens there, although only one there.
what is total amount Incent will be issued?
Depends on how much will be sold during the ICO. There won't be more than 100 Million. 
October 03, 2016, 02:33:44 PM
I hope Incent doesn't get overbought. Hopefully no more than $500k-$1M is raised so there won't be a lot of dumping at launch.
October 03, 2016, 02:30:03 PM
Quote
Paul Klanschek and Fran Strajnar will each receive 0.5% of the amount raised at ICO in
BTC, but with a minimum of 2 BTC, as payment for their Escrow services. This will be
treated in the P&L as part of 'cost of raising capital' and the escrow fees shall be paid
out the day after the ICO has officially closed.
BTC, but with a minimum of 2 BTC, as payment for their Escrow services. This will be
treated in the P&L as part of 'cost of raising capital' and the escrow fees shall be paid
out the day after the ICO has officially closed.
So if lets say 5M was collected in the ICO, they each get $25,000 for pretty much nothing. I'd say that is way too much, but again it's ICO holders funds so who cares.
Also about this:
Quote
20 to 49 BTC = 15,000 Incent / BTC (0.00006667 BTC/Incent)
>50 BTC = 24,000 Incent / BTC (0.00004167 BTC/Incent)
>50 BTC = 24,000 Incent / BTC (0.00004167 BTC/Incent)
If I invest over 50 btc I basically x2.4 amount what people are currently buying for, so the smaller buyers (under 20 btc) basically just buying incent for x2.4 the price from the >50 btc buyers. That does not sound fair at all, actually that is absurd.
Also 50% of the total supply is held for costs and what not, maybe I'm missing something or didn't understand but along with the ICO funds you're going to hold 50% of the supply.
If that is all right, why in the hell would I want to invest? This does seem like a well planned future pump/dump.
October 03, 2016, 02:11:44 PM
what is total amount Incent will be issued?
October 03, 2016, 01:41:41 PM
well i hope they will add more for yt,fb etc..
October 03, 2016, 01:34:58 PM
small bounty rewards on viralexchange..
I echo that thoughtI catch every incent tokens there, although only one there.
October 03, 2016, 01:32:03 PM
small bounty rewards on viralexchange..
I echo that thought October 03, 2016, 01:19:12 PM
small bounty rewards on viralexchange..
October 03, 2016, 12:46:44 PM
Prediction: ICO will be above 1000 BTC total (including Waves) when the price goes from 10k to 9k.
That should be a must. With that price difference, investor will think twice before they invest at 6k-7k/BTC price
Logically that might seem to make sense. But in reality, as Rob continues to release new information over the next 60 days about new partnerships, Waves releases their live node platform, and when the masses find out about Incent (its still relatively unknown) MOST of the investors will probably buy at 6-7k price. And it will STILL be a great discount over what it will be in 6 months.
Yes me myself is hoping for a continous progress too as i am wearing the signature, especially the waves release. And thanks to incent too, the price of waves is rising, got some profit from that
October 03, 2016, 12:09:28 PM
Prediction: ICO will be above 1000 BTC total (including Waves) when the price goes from 10k to 9k.
That should be a must. With that price difference, investor will think twice before they invest at 6k-7k/BTC price
Logically that might seem to make sense. But in reality, as Rob continues to release new information over the next 60 days about new partnerships, Waves releases their live node platform, and when the masses find out about Incent (its still relatively unknown) MOST of the investors will probably buy at 6-7k price. And it will STILL be a great discount over what it will be in 6 months.
October 03, 2016, 12:06:51 PM
Prediction: ICO will be above 1000 BTC total (including Waves) when the price goes from 10k to 9k.
That should be a must. With that price difference, investor will think twice before they invest at 6k-7k/BTC price
October 03, 2016, 11:58:00 AM
Prediction: ICO will be above 1000 BTC total (including Waves) when the price goes from 10k to 9k.
October 03, 2016, 11:56:01 AM
October 03, 2016, 11:34:29 AM
Great thanks for the speedy response Cassius. I really like this project, i think it has great potential and clearly a good team behind it. I will get behind this project.
Thanks. We are very excited about this
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