Blockchain project Incent continues to make media headlines as of late. After raising US$1m for its blockchain-based loyalty token project, the company also announced they are licensing the ICO technology to other businesses. It is good to see more blockchain projects focusing on the merchant and retailer side of things.
A Big Crowdfunding Campaign For Incent So Far
When the Incent crowdfunding campaign launched, no one was sure how much money the team could raise for their blockchain-based loyalty token. As it turns out, there is quite a lot of interest in this project so far. By raising over 1,024 Bitcoin and 832,076 Waves, the total ICO investment sits at just over US$1m. Keeping in mind how this ICO will run until the end of November, the final tally could be much higher.
The team hopes to raise a total of US$5m by then, even though that may be a bit too optimistic at this stage. The partnership between BitScan and Waves offers a unique way to make loyalty programs more efficient and transparent for all parties involved. By using blockchain technology, all of the recorded data is tamper-proof.