CENTIVE

4 min readSep 8, 2018

“Blockchain-based Incentive Network”

Since recession hit (and we would say globally since 2008), the global economy have been surviving on cheap money, in particular thanks to low interest rates by central banks. However, as we all know, there are no trickle down benefits as banks refused to lend to businesses1, but used the cheap (and easy money) to fuel their gambling2 on the financial markets.
Businesses in particular have felt the pinch, but as their revenues were hit, they needed more and more advertising to boost their sales.

What is Centive?

Centive is a blockchain-based incentive network centered on frictionless and ultra-low cost transactions with tokens. We focus on platform development, adoption and user growth to generate value for all users. Centive’s platform aims to reduce friction drastically from promotion (by businesses) to action (by consumers). 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.

The aim is to provide level playing field for businesses to reach users, and for individuals to reach the community.

Why Choose us?

Safe & reliable

Secure platform, cold storaged wallets, ensuring reliability to the highest standards.

User friendly platform

Conveniently launch marketing campaigns, without worrying too much about operations.

Automated functions

Conduct sustainable marketing efforts, lowering costs in the long run. Pick from our list of fully customizable automated functions, which are also growing rapidly through continuous development.

Tradable & shareable

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.

Multi-function platform

The platform will cover multiple use cases — cashback, lucky draw, group-driven campaign, tipping wallet, digital content creation & sale, crowdfunding, and many more.

Regulator Friendly

Our tokens are created as utility tokens, as means of allowing businesses and consumers a way of keeping tabs on their social status and scoring. We also retain the best legal talent, and engage with regulators.

HOW DOES IT WORK?

Businesses can offer tokens to consumers in return for an action (sharing promotions, filling up a survey, making a purchase)
Consumers can offer tokens to businesses in return for value (discounts, promotions, lucky draws)
Either sides can accumulate or spend token by offering value in return, based on free market expectations

Wallet App

DEMO

Balance

Show your current Centive token balance and past transaction information.

Fingerprint or Pin Verification

Will be required for transactions. Will ensure safety for users.

Transaction History

The complete record of the successful transactions will be shown.

ICO details

To raise from Public (US$)

35,000,000

Total Tokens offered to Public

350,000,000

Total tokens issued (hard cap)

1,000,000,000

Token price

US$ 0.10

Roadmap

With help from our teams, contributors and investors these are the milestones we are looking forward to achieve.

APRIL ‘18

Project kickoff
Research and development of the business model
Team formation
Infrastructure and company setup

MAY & JUNE ‘18

Official website launch (English & Korean version)
Product development and design
Smart contracts development
Partnerships

JULY ‘18

Centive utility token design
Smart contracts integration and testing
Test product v1.0 MVP release

AUG ‘18

Start of ICO
Press releases and media coverage

NOV ‘18

End of ICO
Centive token tradable in 1–2 cryptocurrency exchanges
Desktop wallet launch

FEB ‘19

Wallet app v1.0 (Global)
KYC full integration and process
Customer support

JUN ‘19

Centive marketplace and platform v1.0 (Full-Version)
Platform & partnership launch in 2 countries
XTV will be tradable in 4 exchanges
Operations and live-support

OCT ‘19

Centive token tradable in 6 exchanges
Wallet app v2.0
Marketing and PR to promote & support the ecosystem

JAN ‘20

Platform & partnership launch in more countries
Centive product development and growth
Annual report

APR ‘20

Self-serve ecosystem
Open APIs
Open development platform

OCT ‘20

Recommendation engine v1.0
Online to offline modules

APR ‘21

Recommendation engine v2.0

Note: Although the roadmap plans end on Apr ’21, Centive will continue to be run as a business, generating profits to continuously grow token utility and adoption while creating sustainable communities within the ecosystem.