Incent ICO Raises $1 Million for its Blockchain-Based Loyalty Token

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Incent, the first universal merchant-backed loyalty platform, today announced it has raised $1 million USD for its loyalty token. To date, the Initial Coin Offering (ICO) has raised more than 1,024 Bitcoin and more than 832,076 Waves, equaling more than $1 million USD. The Incent token crowdsale began on October 1, 2016 and continues until November 30, 2016 or until its cap of $5 million USD has been raised. Funds will be dedicated towards the development and marketing of Incent.

“The goal for Incent was to create a token of steadily increasing value, driven by organic market demand which also benefits our ICO investors,” said Rob Wilson, CEO of BitScan. “As we continue to partner with merchants to reward their customers with Incent, we look forward to seeing the value of Incent rise and to more companies recognizing its benefit as a loyalty solution.”

Incent was created in a partnership between cryptocurrency directory and merchant hub BitScan (www.bitscan.com) and custom blockchain token platform Waves (www.wavesplatform.com) with the goal of making loyalty programs easy for businesses of any size to create. Unlike traditional mainframe, client-server, or even cloud-based solutions, Incent lets merchants choose their level of reward, then pools it with rewards across the network so there is no contingent liability. Incent represents the first high-profile development built upon the Waves Platform. BitScan has already developed the proof-of-concept wallet for Incent, and has more than 9,000 merchants who accept Bitcoin in its directory, providing a viable market for the first phase of Incent’s market entry.

Alongside the success of its ICO, Incent is licensing its own ICO technology to offer companies a turnkey solution for crowdfunding and an immediate use case for Incent. Incent provides its secure technology to crowdfund new projects, providing the same functionality to other organizations launching assets on the Waves platform. Incent’s first ICO customer is Cannabis Revolution, a project focused on the emerging legal marijuana movement in the United States. Each time someone invests in the Cannabis Revolution crowdsale, which begins December 2, they will receive Incent as an added reward with the freedom to hold, spend, or sell it.

To participate in the Incent ICO or to license Incent’s ICO technology, please visit: www.incentloyalty.com

About Richard Kastelein

Founder, Publisher and Editor in Chief of Blockchain News and co-founder and director at Blockchain Partners in London/Amsterdam/NYC, Richard Kastelein is also an advisor with a number Blockchain startups doing ICOs including DECENT.ch, Inchain, Humaniq, Chronobank, eGaas and others.

He is regarded as one of the top journalists by the Blockchain and fintech communities – as is evident by his entry in the Top 150 Fintech journalists online and in the top 10 of the Blockchain Top 100 List. As a prominent keynote presenter, he has spoken on Blockchain at events in Gdansk, Amsterdam, Minsk, Dubai, Antwerp, Eindhoven etc, where he helped spread the cause for Blockchain technology and crypto-currency and, consequently, has built a notable network inthe scene.

In 2013, the European Commission appointed him as an expert for overseeing financing for emerging startups as a part of the European Commission’s 90 billion euro Horizon 2020 project, created in Brussels to promote innovation as a driving force of job creation and business ventures across Europe. He has also worked as an external expert for Innovate UK since 2012, judging startups for the UK government.

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