USA, Syria, Iran, Iraq, Yemen, North Korea, Tunisia, Cayman Islands
35%Offered to public
25%Employees and management
20%Ecosystem and community growth
20%Strategic and long term investors
35%Product and network development
15%Legal and Compliance
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 this platform. The 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. This token will not be mined, but rather will be minted. This token shall have 18 decimal places, giving it high divisibility.
The current proposed model will provide users the ability to use their token through the Centive platform and for transactions made with the Centive Payment App inside the ecosystem. This token will facilitate transactions between the users in the platform or Payment App. It will also act as a unit of value for services offered on Centive’s ecosystem.
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 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.
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.
Businesses can deploy marketing campaigns through the marketplace. This platform allows them to manage their ongoing campaigns, compile data, and generate reports.
CEO & CMO
BENJAMIN S. RYU
JAE YUN YEO
Research and development of the business model
Infrastructure and company setup
MAY & JUNE '18
Official website launch (English & Korean version)
Product development and design
Smart contracts development
Centive utility token design
Smart contracts integration and testing
Test product v1 MVP release
Start of ICO
Press releases and media coverage
End of ICO
Centive token tradable in 1-2 cryptocurrency exchanges
Desktop wallet launch
Wallet app v1.0 (Global)
KYC full integration and process
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
Centive token tradable in 6 exchanges
Wallet app v2.0
Marketing and PR to promote & support the ecosystem
Platform & partnership launch in more countries
Centive product development and growth
Open development platform
Recommendation engine v1.0
Online to offline modules