The Incent Coin and the World of Loyalty Schemes
The digital currency, Incent Coin, was created for a very specific reason. This form of cryptocurrency can enable shops and companies to offer their own loyalty schemes. Furthermore, the aim is to make it become an accepted standard form of payment by retailers and organizations.
We are all familiar with loyalty programs from supermarkets and other retailers. However, the ones based on real money require the customer to carry a loyalty card around with them. The Incent, by contrast, veers off in a wholly new direction and relies on a digital system.
As soon as a retailer agrees to take on the system, the rest runs like clockwork. The conversion is straightforward, even if the business owner or employees have no prior knowledge of cryptocurrencies.
Another advantage of the Incent Coin is the innovative blockchain, which provides an incredible level of security and maximum anonymity. Instead of storing sensitive data on large central servers, the blockchain relies on decentralization.
In simple terms, this digital innovation keeps all transaction details securely stored. During the course of designing the Incent Coin, existing blockchain concepts were used and further improved upon. The blockchain that was implemented is correspondingly attractive and promising.
One of the most important advantages of the Incent Coin is its comparison to the competition. It promises extremely fast executions of any kind of currency transfer. Coins can be received, sent, and exchanged within seconds. The wallet, which is a depository for cryptographic currency, serves as a storage medium.
Market Capitalization and Trading Volume
It is not always clear to investors how great the potential of a respective cryptocurrency is. In principle, market capitalization is the first important starting point to consider. Market capitalization is calculated by taking the total number of coins and multiplying it by the current price.
A relatively small market capitalization may indicate that a cryptographic currency is relatively unknown, but still has the opportunity to grow correspondingly stronger. In fact, some cryptocurrencies with high market capital are on the verge of peaking today. Incent coin, on the other hand, still has great potential to reach a high share.
It has achieved a total market capitalization of around 6 million US dollars, but it may soon increase in value considerably. The greater the increase, the better it will be for those who already invested today or plan to do so soon.
At best, the invested capital can double, triple, or potentially multiply exponentially. Numerous success stories in the area of cryptographic money have already shown that this is not a utopia, but it can happen quickly. Well-known examples are Ethereum, Litecoin, and of course, Bitcoin, the pioneer of this class asset.
Many people around the world are now millionaires because of Bitcoin. From $1 US dollar per coin, the price gradually rose to over $20,000 US dollars per coin.
What Kind of Problems Does the Incent Coin Solve?
Until now, it has been difficult for smaller shops to offer their own loyalty programs, including stationary and online trades. A certain infrastructure had to be created for this, but on the other hand, this development would surely be associated with high costs.
The support of professionals did not necessarily make the problem any easier, as many professional loyalty programs are cumbersome and offer few advantages.
According to experts, low customer motivation is a major obstacle for establishments in such a system. Fortunately, the Incent Coin system eliminated these problems through the creation of a loyalty program that is social, anonymous, and easy to survey.
Studies have shown that a successful loyalty system can bind people to a brand on a long-term basis. With the Incent Coin, small companies can develop new ways to improve customer retention. The deciding factor is that all payment transactions are digital.
Both entrepreneurs and customers can emancipate themselves from the watchful eyes of the state. For business matters, cryptocurrencies, like this coin, are possibly the biggest positive revolution in many years.
Who Benefits From the Incent Coin System?
Even though the Incent Coin hasn’t been around long, it’s already set to fundamentally change the concept of loyalty schemes. With Incent, the way loyalty programs are integrated into business models is approached differently.
The developers behind this coin earn money every time a transaction is executed. A small percentage of the profit goes to the developers. On the other hand, this also means that customers are not asked to pay any fees. They can, therefore, use the system knowing that no additional costs will be waiting for them.
If the Incent Coin is to be further developed into a brand, the makers will need more money to put into marketing. In fact, there is still a lack of an adequate website that can be used for a public image.
Potential customers could, therefore, be deterred before they make their first investment. Little progress has been made on the external level when it comes to the employees inside their close circle. Investors can only speculate about who they are entrusting their money to. If these problems are resolved soon, the Incent could really start off with a roaring start.
The Incent Coin in Conclusion
With this digital currency, the developers have dared to approach a division that is still in its growth stage. The Incent Coin captivates the sector with its simplicity, flexibility, and anonymity. As with other currencies, the blockchain plays a central role.
All that’s needed for it to really take off now, is a better professional appearance and marketing front. If these attempts are successful, the market capital could really soar.
Alexander Weipprecht is the managing partner of Provimedia GmbH. As a trained IT specialist for application development, he has been advising leading companies on the following topics for more than 10 years: online marketing, SEO and software. Cryptocurrency is becoming increasingly important to businesses and investors. Through Coin Report and Krypto Magazin Germany, Alexander wants to give all people easy access to the subject matter.