Incent is a loyalty ecosystem and a cryptographic token designed to allow merchant clients to incentivize custom. This is achieved by rewarding customers’ right at the point where transaction happens. They are rewarded with a compelling value proposition at an attractive low cost. Incent is convertible on the Waves blockchain. Incent was launched by BitScan which is a reputed business in the area of cryptocurrencies. Intent, the new blockchain-based platform for loyalty has been created from the experience of the developers over the last many years. The aim is to provide merchants a better loyalty solution.
According to BitScan, the rewards sector in the cryptocurrency sector is not very efficient. They intend to make the system more effective and efficient by using the blockchain technology. The model can provide consumers the incentives to come back to stores. Incent is a token that offers real value to the consumers and does not put any forward liability on the merchants.
The platform leverages the power of blockchain technology to develop crypto coins that are not only freely tradable but transferable too. These coins can be shared by merchants who have chosen to become part of the network. The tokens are offered as rewards to consumers and can be credited to their wallet instantly. These tokens can be accessed using mobile phones or other devices.
The best part about Incent tokens is that they are not limited to use at one store or retailer but can be used across all merchants who form part of the network. The rewards can even be gifted to others or traded for other types of digital currencies including fiat on any exchange. Incent is popular because it offers several friendly features for businesses. Instant settlement and use of tokens and rewards in the real world is a possibility. This can help retailers retain customers. With the increase in the number of merchants on the network, the value of these tokens will also increase, making them a truly attractive proposition.
Incent has also partnered with Waves which is a blockchain eco-system. Tokens will be issued over this system. Waves will also provide a wallet through which the tokens can be distributed to investors. The next step will be to bring developers on board will specialization in building tech infrastructure and merchant plug-ins. The wallet will be a part of the Incent app and will spare merchants the trouble of downloading a separate wallet.
The total supply of incent INCNT tokens is 46,016,625 with a circulation of 46,016,602. The market cap of INCNT is $19,224,678 and the currency trades at $0.417777.
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