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Re: [ANN][INCNT] Incent Loyalty | Waves CAT | $1.1m raised | Roll-out Q1 2017
Michael,
To be clear, the very first time you expressed any discontent to me whatsoever, with either our product or our support was yesterday, during a call in which you asked that we accept settlement in Tokes 'because you hadn't raised what you had hoped'. The inference being that we should share the impact of an aspect of your ICO for which we had no responsibility.
Settlement in Tokes is not acceptable to me because it is not what we agreed in our MOA - since which we have enabled your ICO with IP, server and technical support, to the best of our ability, over an extended period, in the best of faith.
Since you are not, after the fact, prepared to settle on what we agreed, I am not happy to continue to expend our finite resources in supporting you. This should not surprise you.
Notwithstanding, if I understand your post correctly, you now intend to re-issue the Tokes asset from scratch. This strikes me as nuts and doing so will distract your team and burn your community.
While I have my own view on your behaviour in this matter, I'm entirely happy to forward all remaining Tokes to an address of your nomination.
Sincerely,
Rob W.
To be clear, the very first time you expressed any discontent to me whatsoever, with either our product or our support was yesterday, during a call in which you asked that we accept settlement in Tokes 'because you hadn't raised what you had hoped'. The inference being that we should share the impact of an aspect of your ICO for which we had no responsibility.
Settlement in Tokes is not acceptable to me because it is not what we agreed in our MOA - since which we have enabled your ICO with IP, server and technical support, to the best of our ability, over an extended period, in the best of faith.
Since you are not, after the fact, prepared to settle on what we agreed, I am not happy to continue to expend our finite resources in supporting you. This should not surprise you.
Notwithstanding, if I understand your post correctly, you now intend to re-issue the Tokes asset from scratch. This strikes me as nuts and doing so will distract your team and burn your community.
While I have my own view on your behaviour in this matter, I'm entirely happy to forward all remaining Tokes to an address of your nomination.
Sincerely,
Rob W.
Re: [ANN][ICO] Incent: The first universal, merchant-backed loyalty platform
This is the right link:
https://youtu.be/TGuo-S5u8o4
Really enjoy chatting with the Coin Interview boys!
RW.
Re: [ANN][ICO] Incent: The first universal, merchant-backed loyalty platform
eww why would anyone promote such a coin? isnt that illegal?
While Incent are not partnering with or promoting the Tokes project, before selling them a licence to use our ICO deposit technology I reviewed their pitch and I interviewed their CEO.
What I can tell you is they come across as a very well organised and professional team, who have come up with a novel and workable solution to the federal banking laws that impact the legal mj industry across the US. In doing so they have been fastidious in staying within the boundaries of current legislation and Phase One of their project will force them to remain so.
For these reasons I was happy to licence them our tech.
You will all have your own views regarding the attractiveness of their project but in my view theirs is a very credible proposal that merits serious consideration.
RW.
Err, no. The community is going to have to trust our judgement on that one. What we are offering here is a hosted ICO deposit solution than supports adoption of Waves and market demand for Incent. We do our due diligence and insist that clients invoke an appropriate ESCROW arrangement to promote best practice, protect the community - and our reputation - from scammers. But at the end of the day, who we choose to host this solution for will remain our call.
RW.
Re: [ANN][ICO] Incent: The first universal, merchant-backed loyalty platform
eww why would anyone promote such a coin? isnt that illegal?
While Incent are not partnering with or promoting the Tokes project, before selling them a licence to use our ICO deposit technology I reviewed their pitch and I interviewed their CEO.
What I can tell you is they come across as a very well organised and professional team, who have come up with a novel and workable solution to the federal banking laws that impact the legal mj industry across the US. In doing so they have been fastidious in staying within the boundaries of current legislation and Phase One of their project will force them to remain so.
For these reasons I was happy to licence them our tech.
You will all have your own views regarding the attractiveness of their project but in my view theirs is a very credible proposal that merits serious consideration.
RW.
Re: [ANN][ICO] Incent: The first universal, merchant-backed loyalty platform
Hoping this will be of interest to the community...
https://medium.com/@incentloyalty/driving-demand-for-incent-from-the-off-c97c7cc1afc8#.tziqjnoh9
@Cassius has done a way better job of explaining our philosophy here:
http://bitscan.com/articles/incent-rolls-out-ico-deposit-technology-to-waves-community-project
Enjoy,
RW
https://medium.com/@incentloyalty/driving-demand-for-incent-from-the-off-c97c7cc1afc8#.tziqjnoh9
@Cassius has done a way better job of explaining our philosophy here:
http://bitscan.com/articles/incent-rolls-out-ico-deposit-technology-to-waves-community-project
Enjoy,
RW
That's a good strategy. I like the mission of your first customer too.
But one thing I don't understand, you are saying,
"Cannabis Revolutions ICO starts on 2 December, while Incents ends on 30 November meaning that there will be market demand for Incent almost immediately. "
And Cannabis website says,
"all TOKES ICO investors will receive a special bonus in the form of Incent tokens upon close of our ICO."
So, if the incent tokens would be given to tokes investors after the end of their ico, then how would it have immediate effects on incent ?
Because every Incent token we sell from reserve is bought back from the secondary market to rebalance circulation!
It would be worth your time to read our white paper and ICO Information assets...
RW.
Re: [ANN][ICO] Incent: The first universal, merchant-backed loyalty platform
Hoping this will be of interest to the community...
https://medium.com/@incentloyalty/driving-demand-for-incent-from-the-off-c97c7cc1afc8#.tziqjnoh9
@Cassius has done a way better job of explaining our philosophy here:
http://bitscan.com/articles/incent-rolls-out-ico-deposit-technology-to-waves-community-project
Enjoy,
RW
https://medium.com/@incentloyalty/driving-demand-for-incent-from-the-off-c97c7cc1afc8#.tziqjnoh9
@Cassius has done a way better job of explaining our philosophy here:
http://bitscan.com/articles/incent-rolls-out-ico-deposit-technology-to-waves-community-project
Enjoy,
RW
Re: [ANN][ICO] Incent: The first universal, merchant-backed loyalty platform
You are throwing out accusation without presenting any factual evidence to back them up. In the real world you could be sued for defamation.
For your information:
1. There are weekly updates about the development of the Waves project: https://www.youtube.com/channel/UCYDQN4Fo4rGnOZ22L5plNIw/videos
2. Coinomat, CryptoCard, CryptoIndex etc. are being integrated into the Waves Platform
3. There are weekly news on http://coremedia.info/index.php/waves-news
Just to name a few resources.
So @NASdaq you should be ashamed for yourself and apologize for posting such stupid remarks.
First time I'm hearing of this... proof?
Everyone needs to investigate for themselves to get the full picture , but lets take CryptoIndex as an example of Sasha's behaviour.
This is the asset on NXT - https://www.mynxt.info/asset/13634675574519917918
Here is the nxtforum.org thread - https://nxtforum.org/cryptoasset-fund-projects/(pre-ann)-coinoindex-com-cryptocurrencies-industial-average/
Here is the website - http://cryptoindex.io/ (from asset description) or http://coinoindex.com/ (from ANN thread)
It'll take you a few minutes to see this asset is dead, and the ANN thread offers no explanation, just abandoned. A little more investigation reveals the same or similar for the other assets ... DEAD.
Sasha raised 100's of thousands from a number of Coinomat based assets, then abandoned them in favour of WAVES which raised 10's of millions. What's to say he doesn't abandon WAVES for a project in the 100's of millions. If this idea seems ridiculous (Sasha abandoning WAVES for something bigger/better), then try and explain why a promising project like Incent seems perfectly content to work with Sasha given his past behaviour? Either Incent guys don't realise all these past projects have been abandoned (which would be diabolical negligence in itself), or they do know, but are using WAVES anyway. The Crypto community obviously tolerates a lot more shonky behaviour.
Maybe others know what's going on with all Sasha's past coinomat based assets and businesses, (if so please share), but on the surface it looks like a collective delusion where everyone is happy to ignore reality. A 30M USD was surely impressive, but Sasha's resume isn't.
I strongly disagree with this analysis too.
Anyone familiar with the Nxt ecosystem and economy will be aware of the factors in play here, and anyone who has worked with Sasha will know that he is not someone motivated simply by money.
These projects will be moved over to Waves in due course.
Thanks for the reply Cassius, but what communication from Sasha gives you this confidence? If it exists, where is it? Wouldn't the obvious place to post such assurances about an asset like CryptoIndex be on the ANN thread and the website? Neither has any communication explaining the situation, nothing from Sasha for many months, (website looks dead).
Your loyalty to Sasha is admirable up to a point, but you can't polish a turd Cassius, and if you try you'll just get shit all over Incent. Sasha has behaved terribly to ordinary investors, maybe insiders get more information, but I've seen practically nothing. Some mention of Coinomat business being sold, or turned into a 'gateway', but after so many months the lack of detail is pathetic. Other assets like CryptoCard & CryptoIndex look dead completely.
If someone can show public statements confirming the status of these coinomat assets I'll be very relieved.
Sasha's last post about CryptoIndex from March 1st - nothing in the last 7 months
So I solve this thing first
After the dust settles (which will happen quite soon) I'll get down to index in a really big way.
And yes there's promotion now.
For your information:
1. There are weekly updates about the development of the Waves project: https://www.youtube.com/channel/UCYDQN4Fo4rGnOZ22L5plNIw/videos
2. Coinomat, CryptoCard, CryptoIndex etc. are being integrated into the Waves Platform
3. There are weekly news on http://coremedia.info/index.php/waves-news
Just to name a few resources.
So @NASdaq you should be ashamed for yourself and apologize for posting such stupid remarks.
How concerned are the Incent organisers (if at all) in the number of projects abandoned by Sasha so far? Coinomat, CryptoCard, CryptoIndex etc etc ... all look to be dead with very little communication on what's going on with them. Other coinomat projects like NEXT & NEXTBOND were basically orphaned and left to guys like Cassius to clean up the mess and apologise for the appalling behaviour and neglect of Sasha.
WAVES might be looking good today, but what happens if Sasha & Co. move on to greener pastures and abandon WAVES like they have with so many past assets and businesses? Do you have a plan B? I see this as a serious risk to Incent. Why not consider moving to another platform, maybe SuperNET.
This might not seem very likely to some here (i.e WAVES being abandoned for another project), but those who followed Sasha on nxtforum.or would be well aware of how things have gone for investors and users of these past projects. Aren't you guys concerned at Sasha's neglect of his past investors and users?
WAVES might be looking good today, but what happens if Sasha & Co. move on to greener pastures and abandon WAVES like they have with so many past assets and businesses? Do you have a plan B? I see this as a serious risk to Incent. Why not consider moving to another platform, maybe SuperNET.
This might not seem very likely to some here (i.e WAVES being abandoned for another project), but those who followed Sasha on nxtforum.or would be well aware of how things have gone for investors and users of these past projects. Aren't you guys concerned at Sasha's neglect of his past investors and users?
First time I'm hearing of this... proof?
Everyone needs to investigate for themselves to get the full picture , but lets take CryptoIndex as an example of Sasha's behaviour.
This is the asset on NXT - https://www.mynxt.info/asset/13634675574519917918
Here is the nxtforum.org thread - https://nxtforum.org/cryptoasset-fund-projects/(pre-ann)-coinoindex-com-cryptocurrencies-industial-average/
Here is the website - http://cryptoindex.io/ (from asset description) or http://coinoindex.com/ (from ANN thread)
It'll take you a few minutes to see this asset is dead, and the ANN thread offers no explanation, just abandoned. A little more investigation reveals the same or similar for the other assets ... DEAD.
Sasha raised 100's of thousands from a number of Coinomat based assets, then abandoned them in favour of WAVES which raised 10's of millions. What's to say he doesn't abandon WAVES for a project in the 100's of millions. If this idea seems ridiculous (Sasha abandoning WAVES for something bigger/better), then try and explain why a promising project like Incent seems perfectly content to work with Sasha given his past behaviour? Either Incent guys don't realise all these past projects have been abandoned (which would be diabolical negligence in itself), or they do know, but are using WAVES anyway. The Crypto community obviously tolerates a lot more shonky behaviour.
Maybe others know what's going on with all Sasha's past coinomat based assets and businesses, (if so please share), but on the surface it looks like a collective delusion where everyone is happy to ignore reality. A 30M USD was surely impressive, but Sasha's resume isn't.
I strongly disagree with this analysis too.
Anyone familiar with the Nxt ecosystem and economy will be aware of the factors in play here, and anyone who has worked with Sasha will know that he is not someone motivated simply by money.
These projects will be moved over to Waves in due course.
Thanks for the reply Cassius, but what communication from Sasha gives you this confidence? If it exists, where is it? Wouldn't the obvious place to post such assurances about an asset like CryptoIndex be on the ANN thread and the website? Neither has any communication explaining the situation, nothing from Sasha for many months, (website looks dead).
Your loyalty to Sasha is admirable up to a point, but you can't polish a turd Cassius, and if you try you'll just get shit all over Incent. Sasha has behaved terribly to ordinary investors, maybe insiders get more information, but I've seen practically nothing. Some mention of Coinomat business being sold, or turned into a 'gateway', but after so many months the lack of detail is pathetic. Other assets like CryptoCard & CryptoIndex look dead completely.
If someone can show public statements confirming the status of these coinomat assets I'll be very relieved.
Sasha's last post about CryptoIndex from March 1st - nothing in the last 7 months
I see no action around your index, despite alts are on the run.
You mentioned large investors once. Is there any promo at least?
Current NXT situation holds me back a littleYou mentioned large investors once. Is there any promo at least?
So I solve this thing first
After the dust settles (which will happen quite soon) I'll get down to index in a really big way.
And yes there's promotion now.
I find this all pretty distasteful to be honest but can only speak from what I know and this is that in the 9 months I have known him and the 6 that we have been working together, I have found Sasha to be one of the most genuine, loyal and committed professionals I have ever worked with. I back him to succeed with Waves and I am very comfortable with my decision to place my faith in him and his team.
RW.
Re: [ANN][ICO] Incent: The first universal, merchant-backed loyalty platform
Thank you for your comments. We understand that you might be unhappy with the current rating. If you think that our express report contains inaccuracies and omissions, wed be happy to listen to your arguments.
You can read more about our rating system here: http://icorating.com/rating
You can read more about our rating system here: http://icorating.com/rating
No guys - wrong. This is on you. I am prepared to give you an opportunity to improve your analysis if you can demonstrate to me that you are prepared to do your homework and then establish communications with me to garner my personal insight. After that you can, of course, make up your own minds.
This is, I stress, a one time offer.
In the meantime, it would do your credibility no harm to publish details of your own profiles, backgrounds and qualifications on your own website.
RW.
Re: [ANN][ICO] Incent: The first universal, merchant-backed loyalty platform
hey karl! obviously real market integration is crucial to the overall success of Incent. As the company is based in Australia as I understand, do you guys have detailed plans on how and when to expand to europe / states / asia / south america already? my guess is, that if Incent is successful in Australia and makes some waves, it will not take long for similiar projects to pop up elsewhere ... or are there even any competing efforts so far you got aware of? I'm sure somebody else had the idea as well already 
Thanks in advance!
Hey buddy! The greatest advantage of Incent is it's open value meaning that people can redeem it for rewards, sell it on the market or transfer/save it. Thanks in advance!Imagine if there is a company in your country and it's the only one. The company could still participate in Incent and distribute rewards to its customers. They will then be able to choose how to use their tokens, be it for redemption at this exact or another company in the network, market selling or transferring/saving. Surely, if it's the only company in the respective country, the user won't have as many possibilities to redeem his tokens as in Australia for example. Nevertheless, there might be participating companies in Australia who'd deliver their products to other countries as well. Additionally, there will be businesses in the network offering online services so the customer's location doesn't matter at all. If a user can't find what he desires, he will simply hold his Incent or sell them (both ways he received his reward). As you can see, geographics do matter, but only up to a certain, really limited extent.
I also pinged Rob and hope he will elaborate more on your question.
thanks a lot for your fast response Karl! I guess I should have been more detailed
As the key for Incent's success is merchant integration/merchant offering Incent to their customers, I'm wondering if there is, or will be a "salesforce team" trying to find merchants outside of Australia to get more merchants to offer Incent? A salesforce is definitely on the roadmap but not this side of Series A. In the first instance we need to demonstrate a market fit - which means making clients 1 -10 really happy with the product. Remember, every merchant client puts Incent into the pockets of all of their customers and reflects demand back onto the underlying market for Incent every time any of them transact. So Incent doesn't need to scale globally, immediately, to have massive utility to merchant clients, their customers and all holders of Incent, wherever they are and whatever their niche. With this in mind attempting to scale globally from launch would, in our view, overwhelm our team, create a lot of noise and waste resources. Having said this, every tool we build along the way will be open sourced in order to enable devs everywhere to build custom implementations on Incent. This is the beauty of Open Value.
RW.
Re: [ANN][ICO] Incent: The first universal, merchant-backed loyalty platform
While making purchase, it is important that currency is not volatile.
If a person purchased a good of $ 10 and receives $1 worth tokens at that time.
He goes to another shop after one year, and he finds out that tokens are now worth $0.5 only. This would not be good for customers as they would be at risk fictions price.
So how would you prevent such situation?
Correct me if I'm wrong somewhere in my assumptions.
If a person purchased a good of $ 10 and receives $1 worth tokens at that time.
He goes to another shop after one year, and he finds out that tokens are now worth $0.5 only. This would not be good for customers as they would be at risk fictions price.
So how would you prevent such situation?
Correct me if I'm wrong somewhere in my assumptions.
Incent is designed to increase in value simply by bringing in more and more merchants. This is what we will be working at the most after the end of ICO. Nevertheless, there might be periods in which Incent decreases, as any other currency/asset.
More importantly, however, is the fact that he received 0.5$ spendable in the whole Incent network. We are sure customers will soon appreciate the advantages open value offers them and rate this more important than having lost parts of their reward.
As of now, loyalty points can only be redeemed with the issuer and only then for a finite period. Once live, Incent will be redeemable anywhere, forever. To the holder, they will be 'money good'. This is, to use Peter Thiel's vernacular, a 10x improvement.
Blockchain makes this possible, through creation of token of finite supply aimed at this specific function.
Our thesis is that consumers will love this (open) value proposition and because Incent incurs a fraction of the operating costs and liability of conventional schemes - so will merchants.
The result will be regular and building demand for the token on the secondary market, as more and more merchants adopt - with the associated impact on token price.
Put another way, while the scenario you envisage is theoretically feasible, we deem it highly unlikely. And bear in mind that any conventional loyalty point is worthless - by design - at the one year point. Viewed from this perspective even 50 cents on the dollar is a significant improvement on the current status-quo.
In the meantime, the value proposition for holders of Incent (as a speculative investment) is similarly strong, as the project will see mainstream commerce paying to put crypto into the wallets of mainstream consumers. Every single transaction from every single participating merchant will result in a new demand impulse for Incent on the secondary market.
RW.
Re: [ANN][ICO] Incent: The first universal, merchant-backed loyalty platform
A pretty amazing note on which to end the week...
https://medium.com/@incentloyalty/opportunity-knocks-b105a3317502#.6a3xqpdm1
Very excited...
RW.
https://medium.com/@incentloyalty/opportunity-knocks-b105a3317502#.6a3xqpdm1
Very excited...
RW.
Re: [ANN][ICO] Incent: The first universal, merchant-backed loyalty platform
Do you think the ico will go until 30 Nov, or will the 5 million limit be reached before that?
That's a really tricky question to answer. Based on funding rate at the moment you would be inclined to guess that we will run right through to the end of November. Against that we are lining up some meaningful Business Development announcements over the next few weeks, any one of which could provoke a deluge of funding. Also, the imminence of Waves full nodes and distributed asset exchange going live could provoke a similar reaction. My limited experience of ICOs suggests that it tends to happen all at once - and generally in the last week. Our situation may prove the exception because we are an application rather than infrastructure, actively pursuing mainstream commercial opportunities which we are announcing as we go.
A long answer to a short question. Forgive me, but hopefully this provides with a better insight on our unique situation.
RW.
Re: [ANN][ICO] Incent: The first universal, merchant-backed loyalty platform
Big day today as we shook on a significant commercial partnership.
Read about it here: https://medium.com/incent-loyalty-blog/incent-connects-to-30-000-australian-businesses-7a0b7e0993cc#.mleyb9xi2
RW
Read about it here: https://medium.com/incent-loyalty-blog/incent-connects-to-30-000-australian-businesses-7a0b7e0993cc#.mleyb9xi2
RW
Re: [ANN][ICO] Incent: The first universal, merchant-backed loyalty platform
You guys hear LooTz and Rob on air ? I dont know how I missed this interview https://soundcloud.com/coremediaradio/incent-ico-and-beyond
Incent Reward Points Customer Loyalty Platform Program
Incent Reward Points Customer Loyalty Platform Program
I really enjoyed doing this interview, which gets into the detail of our plans post ICO and the potential near term benefits of holding Incent.
RW.
Re: [ANN][ICO] Incent: The first universal, merchant-backed loyalty platform
All images working in portuguese thread.
Thanks for the feedback.
RW.Re: [ANN][ICO] Incent: The first universal, merchant-backed loyalty platform
Hi folks, weve just pushed live a nice update with some interesting project stats, a fun calculator with blue-sky thinking, and our referral program in case youd like to forward info. on Incent to a friend, and earn a shared 5% bonus for doing so 
If youre already registered, you can head to https://www.incentloyalty.com/icoInfo
or just follow the My Profile / Stats link in your dashboard at https://www.incentloyalty.com/ico
If youre already registered, you can head to https://www.incentloyalty.com/icoInfo
or just follow the My Profile / Stats link in your dashboard at https://www.incentloyalty.com/ico
I don't like referrer project no matter how credible it seems there is always a loop hole in the scheme that can easily be exploited. The issue I want to raise is even the ICO page performance any time I decided to check the amount raised so far the page is always having one issue or the other, this doesn't win investors' trust
I'm sorry to hear that you feel this way. in our defence we have, over the last week, dealt with inexplicable shut-outs from block explorers, persistent DDOS attacks and a flaky third party API, and yet still delivered an ICO dashboard that is without parallel or precedent in the short history of ICOs. Personally, I'm very proud of our dev team for their resilience and innovation. But if it doesn't impress you then I guess that's something I will have to learn to live with.
RW.
Re: [ANN][ICO] Incent: The first universal, merchant-backed loyalty platform
Images on original post are not showing, only for me? Think not...
Fix it OP!
Fix it OP!
Working on it...
Every time we are the subject of a DDOS attack we lose the ANN images. We are currently taking steps to host them on a different server which will remove the problem.
RW.
Re: [ANN][ICO] Incent: The first universal, merchant-backed loyalty platform
Not first week, they started early ico from 25th of sep, it is almost 3 weeks now. The title is misleading and wrong.
I agree. This is unduly sensationalist and it wasn't a headline we provided. Incent is not your typical ICO. We aren't proposing to build world-changing Blockchain infrastructure. Distinct from others, our project aims to leverage this infrastucture and connect it to commerce. This has been a sophisticated and challenging concept to get across and we've grafted at it, with the result that we are steadily building community and momentum. We certainly don't need the honesty and openness with which we have gone about this undermined by inaccuracy or sensationalist headlines.
RW.
Re: [ANN][ICO] Incent: The first universal, merchant-backed loyalty platform
For those that won't take our word for it...
https://www2.deloitte.com/us/en/pages/financial-services/articles/making-blockchain-real-customer-loyalty-rewards-programs.html#
BTW - we think we can do even better than Deloitte are suggesting.
RW.
https://www2.deloitte.com/us/en/pages/financial-services/articles/making-blockchain-real-customer-loyalty-rewards-programs.html#
BTW - we think we can do even better than Deloitte are suggesting.
RW.
Re: [ANN][ICO] Incent: The first universal, merchant-backed loyalty platform
For those of you who've been wondering about our business development strategy, you should read this. For others who have been asking how our business model will benefit holders of Incent, you should read this.
In fact, anyone even remotely interested in this ICO, really should read this....
https://medium.com/incent-loyalty-blog/why-you-should-be-buying-incent-bc49be40fb7c#.695owfu7b
RW.
In fact, anyone even remotely interested in this ICO, really should read this
....https://medium.com/incent-loyalty-blog/why-you-should-be-buying-incent-bc49be40fb7c#.695owfu7b
RW.