Australia’s first crypto-backed rewards program, Incent, launches

Australia’s first crypto-backed rewards program, Incent, launches

The shopping and saving habits of Australians are about to transform with the launch of Incent, Australia’s first crypto-backed rewards program. It is a unique loyalty reward company using blockchain to provide an efficient and cost effective consumer experience. Consumers are rewarded for all expenses including bills, rent, shopping and utilities, which can be redeemed when they wish. Users simply sync their debit or credit cards on the app and are rewarded as they spend.

Incent is co-founded by Rob Wilson, a former Royal Navy Commander and respected blockchain advisor and Jins Kaduthodil, previously the youngest senior architect for the Australian Department of Defence, specialising in cybersecurity and technology.

This game changing app will enable consumers, particularly young professionals the opportunity to take greater ownership of their financial future. Incent is a free web app and takes less than two minutes to sign up. Once logged in, customers are shown a history of their qualifying expenditure, how much they have accumulated in cryptocurrency and its current tradable value, which they can keep building or transfer out to cash. With Incent recycling revenue into the backing cryptocurrency, users’ reward values may grow significantly. This app is ideal for those who want to slowly dip their toes into the world of cryptocurrency.

Incent has a 30 day free trial. Following the trial, there will be a monthly subscription cost. Through users’ spending, Incent expects them to receive rewards of up to twice the value of the subscription. The app is expected to help the average Australian grow their reward value to between $20 and $100 per month.

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Source: Australia’s First Crypto-Backed Rewards Program, Incent, Launches