Incent is a cryptocurrency which we use in our rewards program. INCNT is an abbreviation of the Incent Currency, and is the currency's commonly used term, in the same way as AUD is the short form of Australian Dollar.
Insync allows consumers to profit from the data that banks collect from them and from the spending decisions they make.
- When you sync your bank account(s) with Incent we anonymise your transaction data and pool it with everyone elses’ to build insights that have significant commercial value.
- We reward you on a per transaction basis for permission to do this, with a cryptocurrency called INCNT, that we buy on the open market.
- Any entity wishing to access the insights that your data helps to build must pay to access them. With this revenue we buy yet more INCNT from the open market.
Any business wishing to leverage the insights they have purchased to incentivise your custom can do so ‘automagically’ by rewarding you with more INCNT when you spend with them. We purchase the INCNT on their behalf from the open market
INCNT is limited in supply with a maximum of 46 million tokens in circulation. INCNT can neither be created nor destroyed. The value is determined by prevalent supply and demand. The total market cap is 7.1M USD as at 17th Sep 2019. The reference/indicative price if INCNT can be found at :