Centive — From Business Promotion to Customer Action in Blockchain

Jonsen 4848
7 min readSep 3, 2018

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Let me introduce you to centive, a new project that can offer an all in, easy and super cheap solution from business promotion all the way to action made by customer. This platform is based on blockchain distributed technology. You will get a blockchain-based incentive network centered on frictionless and ultra-low cost transactions with tokens. Centive focus on platform development, adoption and user growth to generate value for all users. As a business owner, you no longer have to worry about how to execute your marketing campaigns. Centive’s platform is easy to use and operate.

Businesses and customers will go through simple know your customer (KYC) processes to build ecosystem integrity. By default, data will be safely stored. Centive’s platform will integrate all the latest capabilities in tracking, data and analytics to allow businesses to better understand their consumers. Consumers can provide value by sharing on social media, making a purchase, writing a review, and more. Centive 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. The aim is to provide level playing field for businesses to reach users, and for individuals to reach the community. Today users are not rewarded for the creation of interesting content and making input on the internet while businesses struggle to execute successful marketing campaigns, spending huge amounts of capital on useless marketing strategies that yield little to no results. Centive is building a next-generation, blockchain powered incentive network where users are rewarded with tokens for content creation, while businesses get an opportunity to launch social marketing campaigns quickly and cheaply thanks to direct low-fee transactions.

Centive offer complete feature as below:

  • Safe & reliable: It is a secure platform, cold storaged wallets, ensuring reliability to the highest standards.
  • User friendly platform: You can conveniently launch marketing campaigns, without worrying too much about operations.
  • Automated functions: You can conduct sustainable marketing efforts, lowering costs in the long run. Pick from Centive list of fully customizable automated functions, which are also growing rapidly through continuous development.
  • Multi-function platform: The Centive platform will cover multiple use cases — cashback, lucky draw, group-driven campaign, tipping wallet, digital content creation & sale, crowdfunding, and many more.
  • Trade-able & share-able: Centive Tokens can be held, spent, shared with friends, or tipped. In addition, tokens can be traded in partner exchanges or exchanged for digital goods on the platform.
  • Regulator Friendly: The Centive tokens are created as utility tokens, as means of allowing businesses and consumers a way of keeping tabs on their social status and scoring. Centive also retain the best legal talent, and engage with regulators.

Content creators now have the option to make their post shop-able by linking back to the product in the shot. If you were viewing an image you’d be able to say, “Okay, I want to buy this pair of pants or jacket.” When you click on it, the product details will appear and you’ll be able to make a purchase. A new feature Centive working on will let you to drag the clothing onto a “try on” button to see what they would look like on you, based on your body type and measurements. Centive shall add its virtual fitting room and video capabilities by Q2 2019.

Centive main components are:

  • 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.
  • 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.
  • Merchant Portal: Businesses can deploy marketing campaigns through the marketplace. This platform allows them to manage their ongoing campaigns, compile data, and generate reports.

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.

Centive is airdropping 50 XTV tokens to their community members. Chat with their Telegram bot, complete easy tasks and submit your details to the bot to receive 50 XTV tokens. Also earn 5 XTV tokens for each referral. Centive Token name is XTV. Its Price in ICO is valued at 1 XTV = 0.10 USD. Tokens for sale are 350,000,000 with Minimum investment at USD 100. Centive platform accepting BTC, ETH, BCH, LTC, ETC, DASH, TRX. Token Distributed in ICO are 35%. The Hard cap is at USD 35,000,000. Centive ICO start at 31 August 2018 and ends at 1 November 2018. Centive project is rated at 3.7 at ICOBench, 5.0 by TrackICO and 4.11 positive review at ICOHolder.

The Centive XTV token functions are:

  • Rights: The Centive token provides access to the Centive Payment App and Centive ecosystems.
  • Value exchange: Users can use the Centive token to trade, exchange, tip, pay it forward, and many more.
  • Function: Being a cryptocurrency, it facilitates frictionless and unrestricted payments through a trustless transaction model, inheriting the benefits of blockchain technology.

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.

Centive Technologies Corporation has announces that it has secured a private investment round for its blockchain-based incentive network. Although the investors and exact amount are undisclosed, it is believed to very strategic capital deployed by veterans of the internet industry in Southeast Asia. The funds raised will go towards product and business development, as well as hiring.

The global advertising and incentives industry is valued to be close to USD 600 billion in 2018, and will continue to grow. In addition, the blockchain industry is expected to be worth trillions of dollars in the next decade. Centive’s plan to bridge both industries could see it tapping into massive opportunities down the road.

Centive Technologies Corporation is an internet and technology company with presence in Singapore, and operations around the world. Founded in 2018, it is helmed by executives formerly from Rocket Internet, Alibaba, and ad giants in Europe. For more information, visit centive.org.

With Centive strategic partnership down the road and its continued platform development, Centive can offer a great system to service end to end business activity based on blockchain technology. Centive continues to see a wide range of application for its blockchain-based incentive network. If its plans materialize, Centive sees a place for itself not only in cashbacks and rebates, but affiliate networks, crowdfunding, tipping, charities, and content monetisation. Let’s support the development that can change how business works in the future and be part of Centive.

Website: https://centive.org/

Whitepaper: https://s3-ap-southeast-1.amazonaws.com/centive/Centive_Whitepaper_Official.pdf

User Profile: https://bitcointalk.org/index.php?action=profile;u=2104689

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