No, we are not manipulating the price; neither are we selling nor buying tokens. The collected Bitcoins serve only two purposes: To cover on-going expenses and for market making.
In
this spreadsheet you can find all our Waves addresses including balances as of 14.02.2017. Feel free to check all our addresses with the Waves block explorer
www.wavesgo.com.
Last but not least, a cross post from Slack:
karlkarlsson [10:50 PM]
Finally home. Starting at your first post. Last news were roughly 3 weeks ago (
https://bt.irlbtc.com/view/1610052.msg17585211#msg17585211), next update will come within the next 1-2 weeks. In the sense of open value we are always as transparent as circumstances allow us to be. I am sure most community members will agree with me on that.
Secondly, I think we have a very different definiton of 'scam'. Basically, a scam is when a person takes money and runs away. Yes, we accepted money from you but neither to run away nor to manipulate the price. We do what we promised to our investors we will do: Build the Incent application (ETA end of Q1/beginning of Q2) and implement it with merchant #1. Following that we are going to integrate it with more merchants - this will be way easier due to the gained experience with merchant #1. Parallel to that we will develop easy-to-integrate merchant software so that, at one point, interested businesses will be able to connect to the loyalty program themselves without any assistance from our side. That's when the whole project will start picking up speed. Side note: I talked about Incent to a lot of 'average joes' in the last weeks. Right after explaining the open value vs. closed value proposition every person wanted to use exactly what we are building.
Back to manipulating the price: If we set buy walls, we are doing exactly that. It's not a free market anymore which is one of the core principles of crypto currencies as a whole. By the way, price manipulation at 'common' stock exchanges is illegal, will be prosecuted and fined.
To the price: The majority of funds, off the top of my head around 70%, was invested during the first bonus stage. Investors received 10k Incent per Bitcoin or paid 0.0001 Bitcoin per Incent. At the time of writing this means -50% (CMC avg. 0.00005 BTC), not 1/4 of it. Moreover, we always stated Incent is a mid- to long-term project and that the first customer integration will happen earliest end of Q1; again, we were as transparent as possible and communicated accordingly. You know what's best? We still managed to integrate Incent in a market-ready product: our own ICO technology. See is as merchant #0. We already finished a first ICO, created a revenue stream for Incent itself and 'produced' real merchant demand of ca. $800.
