Blockchain-based Incentive Network
Centive is a blockchain-based incentive network for 2-way value exchanges between businesses and consumers. Businesses can offer special deals, discounts, giveaways, and coupons. Consumers can provide value by sharing on social media, making a purchase, writing a review, and more. We strive to create a level-playing field for everyone; from big corporations, down to the individual, creating an ecosystem that just keeps giving. Centive is safe and easy-to-use, borderless and global. At its core, the Centive token’s utility is the key driver by building a blockchain-based incentive network that benefits value creators. Businesses can reduce costs without intermediaries, and can save more for the future of tomorrow.
What is Centive?
I) Token economics
The Centive token is a utility token. Its purpose is to facilitate access to the Centive ecosystem by providing an ERC20 standard token to trade for services on the Centive platform. The Centive token will be an ERC20 standard (also known as EIP20 standard) smart contract on the Ethereum Mainnet. ERC20 was chosen as this is a popular standard for tokens that has been widely used as the smart contract standard for creating utility tokens such as Centive token. As an ERC20 token, the Centive token will not be mined, but rather will be minted. The Centive token shall have 18 decimal places, giving it high divisibility.
The current proposed Centive model will provide users the ability to use their Centive token through the Centive platform and for transactions made with the Centive Payment App inside the Centive ecosystem. The Centive token will facilitate transactions between the users in the Centive platform or Centive Payment App. It will also act as a unit of value for services offered on Centive’s ecosystem.
1) Wallet App The Centive wallet app will enable end users to both receive and send XTV, check their balance, view their portfolio, check their transaction history, and many more.
2) Marketplace The first phase of the marketplace development will allow businesses to offer deals to consumers, while the second phase of the development will allow consumers to crowdfund projects, causes, and many more. In our designs, we first demonstrate how the first phase will look like.
3) Merchant Portal Businesses can deploy marketing campaigns through the marketplace. This platform allows them to manage their ongoing campaigns, compile data, and generate reports.
Centive monetizes on commercial transactions that happen in its ecosystem.
IV) Financial Projections
Centive aims to acquire up to 25 million users over a 5 year period. Breakeven is targeted to be on Year 3 of the project. For the first 3 years, proceeds from the public offering will be fully invested into the project. Thereafter, profits generated from this project will fund operations, user growth, adoption growth, and functionality of the platform. Profitability6 is of utmost importance for Centive tokens to continue being useful in the ecosystem.
V) ICO Details
To raise from public (US$) – 35,000,000
Total tokens issued (hard cap) – 1,000,000,000
Total tokens offered to public – 350,000,000
Token price (US$) – 0.10
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