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Topic: [ANN][INCNT] Incent Loyalty | Waves Token | Traded on Bittrex - page 3. (Read 491330 times)

newbie
Activity: 23
Merit: 0
my opinion of Incent continues to be shaped by difficulty in getting clear answers to basic questions about the platform behaviour. The team seems well meaning, but stretched and focused on intangible 'launches' over a period of years, rather than solid communication and clarity. I hope my questions can be answered.
newbie
Activity: 23
Merit: 0
Is my understanding that INCNT is purchased from the open market by Incent the company on behalf of users who have added a bank account, but not paid a subscription amount, correct?
newbie
Activity: 23
Merit: 0
I would like to understand further what happens when a user signs up, adds a bank account, but doesn't pay for a subscription. My understanding is that Incent, the company, will purchase INCNT on behalf of this user from the open market. Is this correct?

Could you also confirm the platform terms. Is https://incent.com/terms-of-use/ up to date?
newbie
Activity: 28
Merit: 8
legendary
Activity: 1764
Merit: 1031
https://www.publish0x.com/incent-loyalty/widespread-crypto-adoption-really-happening-do-you-want-be-p-xqmwpv

Pretty cool this is what we've been working towards for 5 years - and it's actually happening now!
hero member
Activity: 2954
Merit: 533
Leading Crypto Sports Betting & Casino Platform
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.
newbie
Activity: 23
Merit: 0
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?
legendary
Activity: 1764
Merit: 1031
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.
newbie
Activity: 23
Merit: 0
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?
hero member
Activity: 1218
Merit: 500
BintexFutures
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.
newbie
Activity: 28
Merit: 8
legendary
Activity: 1764
Merit: 1031
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.
hero member
Activity: 1218
Merit: 500
BintexFutures
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?
legendary
Activity: 1764
Merit: 1031
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.
hero member
Activity: 1218
Merit: 500
BintexFutures
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?
sr. member
Activity: 377
Merit: 250
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.
hero member
Activity: 1218
Merit: 500
BintexFutures
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.
newbie
Activity: 23
Merit: 0
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?
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