Overview

Base layer protocol optimized for incentive networks.

Project stage

Only a whitepaper

Detailed description

nCent Labs is a Stanford University spinout blockchain research and development company. We are focused on building novel, protocol-level technologies that help people connect more efficiently. Core belief is that you have the right to own the value of the networks you create. 

nCent is a decentralized protocol for incentive networks. Users of nCent are incentivized to form specialized networks to perform valuable work as a group. This work can take the form of solving problems characteristic of search / matching, crowdwork / funding, and social networking. nCent creates incentive networks through a novel blockchain protocol that offers a decentralized design, and unique transparency and auditability properties to establish integrity of the protocol. We present an initial application with focus on customer acquisition markets for highly viral communities such as sports, viral brands, and influencers. We also focus on a recruiting use case for our own internal purposes. This approach can generalize to many forms of crowd-work, and can eventually be used to deconstruct the corporation around incentives.

Problem

The Internet of today has no mechanism to properly attribute this value back to users, and therefore does not provide correct incentives. The result of this is inefficient and broken markets.

Solution

nCent enables users to realize the value of their work directly and also from utilizing their own networks. Our personal and professional networks contain a treasure trove of information about our capabilities, skills, interests and relationships.

Features

Value attribution
Everyone will reconstruct the same chain of referrals by querying the smart ledger associated with blockchains, so value attribution is unambiguous, transparent and auditable. This is important because people will participate if they believe they will be rewarded accordingly, and blockchain makes this possible. 

Trustless Exchange
Blockchain allows the formation of distributed exchange, where sponsoring organizations can participate in markets driving value to a user, without being in a trust relationship with each other. 

Scalability for network effects
Red Balloon networks and recursive incentives to date have not reached internet scale. Part of our thesis is that blockchain properties are unique and facilitate a complex contour of trust forming among a spirited community, that facilitates the scaling of these types of networks. We also address certain problems such a Sybil attacks generally, facilitating creation of ad hoc incentive programs that benefit.

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Additional links

  • Token details

    • Token symbol ? Token symbol — a shorten token name. It is used during an ICO and after the coin listing at the cryptocurrency exchanges. : NCNT
    • Fundrasing target ? Fundraising target — the maximum amount of funds to be raised during an ICO. When it is reached, the developers stop selling the tokens because they do not need to raise more money for the project development. : NA
    • Token type ? Token type — a platform for a startup launch that influences the stability of blockchain operation, the speed of transactions and the fees. :Own blockchain ()
    • Soft cap ? Soft cap — the minimum amount of funds to be raised for the project development. Sometimes when the soft cap has not been reached, the money is returned to the participants. : NA
    • Role of token ? Role of Token — type of token depending on the opportunities it offers to its owner. Utility tokens give their owners a right to use the project services, security tokens are aimed at bringing profit, and currency tokens are a money substitute. :NA
    • Total supply ? Total supply — a total amount of tokens that will be released by the developers. :200,000,000 NCNT
    • Escrow agent ? Escrow agent — a qualified agent who has the right of signature in a multisig wallet. An escrow agent participates in an ICO, monitors the financial operations of the developers and confirms their fairness. :No
    • Tokens for sale ? Tokens for sale — the number of tokens offered to the participants of an ICO. :NA
    • Whitelist ? Whitelist — a list of participants, who get an opportunity to buy tokens. To be whitelisted, you need to register on time because the number of participants and the registration period are usually limited. :Whitelist Open
    • Additional emission ? Additional emission — an additional release of tokens. It can be done once after the crowd sale or on an ongoing basis. In the projects with a limited emission there is no additional emission. :No
    • Exchange listing ? Exchange listing — an assumed date when the token will be listed at a cryptocurrency exchange. The developers usually indicate it in a roadmap and a white paper. :NA
    • Accepting currencies ? Accepting currencies — cryptocurrencies and fiat currencies that can be used for buying the project tokens. :NA
    • Can't participate ? Can't participate — the countries where it is prohibited to buy tokens. These can be countries where ICOs are prohibited altogether, or countries that have the requirements that a particular project does not meet. :No
    • Know Your Customer (KYC) ? Know Your Customer — a verification procedure for ICO participants, during which the developers can ask for personal data, a photo and a scanned copy of a passport of a potential investor. :No
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  • Token and Funds Distribution

    Token distribution date

    NA

    Unsold tokens

    NA
      • Token Distribution

    Sale schedule

    Round Token Price Bonus Min / Max Purchase Soft Cap Hard Cap
    Public sale — Soon
    Start Soon
    NA No - Uncapped Uncapped
    • Team

      • Kapil K. Jain photo
        Kapil K. Jain
        Lead Developer
      • Rajeev Surati photo
        Rajeev Surati
        Core & Backend Development
      • Michael Barile photo
        Michael Barile
        Partnerships & App Development
    • Advisors

    Roadmap

    No information

    Activity