Re: [ANN][INCNT] Incent Loyalty | Waves CAT | $1.1m raised | Roll-out Q1 2017
... MobileGo will be using Incent's ICO tech for their crowdfund, and of course Incent is baked right in. For every $1,000 deposited, $5 of Incent will be bought in real time (0.5%) and distributed to ICO investors as a reward.
This is one of a number of partnerships and updates we've been wanting to tell you about, but we've needed to wait until MobileGo was ready to announce.
This is one of a number of partnerships and updates we've been wanting to tell you about, but we've needed to wait until MobileGo was ready to announce.
Wow that's very nice
How exactly will distribution work though?
So MobileGo (MGO) will be a Waves asset and an Ethereum asset, thanks to some cool blockswap tech being developed by Pete and Kyle (Incent's devs). Because it's Incent deposit tech, it will operate on Waves and create a Waves token at the end, as well as an Ethereum token (I'm not sure at what point the Ethereum MGO tokens are created). Everyone will need to register a Waves address for their tokens, so Incent will be bought off market and sent there. Again, I'm not 100% sure whether the distribution will work in real time, or whether the Incent will be registered to them and then distributed with the MGO token after the ICO.
Either way, it's pretty cool and a nice use case for Incent. And the better MGO does, the more buy pressure and liquidity there is for Incent.