INCREMINT - A Fintech Startup That Uses smart Contracts To Decentra...

Hello all!

Introducing Incremint project and Incremint goal is to create Convenience in transacting with your digital funds.

What is Incremint?

Incremint is A multipurpose Escrow platform for Transactions with Digital Assets.

Incremint Features

Incremint facilitates successful digital transactions for clients by:

Establishing trust among the parties (startup team and token holders, buyer and supplier, etc.)
Encouraging parties to fulfill their promises (what was agreed to happen before the assets change hands)
Adding credibility and visibility to projects selling tokens or seeking funding
Providing a decentralized dispute resolution mechanism
Ensuring that all decisions are recorded on public blockchain

We have completed our MVP and received smart contract audit report.

PROBLEM

Lack of trust and accountability between parties is a general concern for commercial transactions. Digital assets, with more anonymity, less oversight, and limited options for recourse, create even more risks for transacting parties (this is not to take away from an array of their positive features).

The idea of creating the Incremint platform emerged from our experience as advisors on initial coin offerings. Often enough, a team creates a website and publishes a white paper for a project that is just a concept. Token buyers have negligible ability to perform due diligence on an ICO, which often has no underlying product to assess.

Token buyers have no say in the governance of a project’s execution after the ICO. They must accept not only the risks associated with the viability of the project, but also the risks associated with the integrity and competence of the issuers in delivering the project. Existing multiple signature escrow mechanisms rely on the discretion and performance of a person, the impartiality of whom is not always certain.

SOLUTION

Incremint can be used for any transaction (token sale, crowdfunding campaign, purchase of goods) where the parties want to make sure the pre-agreed terms are satisfied before the digital funds change hands.

Incremint is a hybrid escrow product combining the reliability and trustworthiness of a traditional escrow mechanism with digital wallets and decentralized smart-contract voting. Incremint enables issuers to customize parameters and escrow a portion of funds raised in their ICO, subject to release when designated milestones have been met and approved by token holders.

Using Incremint, only a pre-agreed amount or percentage of ICO proceeds passes through immediately to issuers at token sale closing.

The remainder is escrowed in a multisignature wallet. At agreed dates, token holders vote to confirm whether milestones have been achieved, which, when confirmed, automatically causes the release of escrowed funds to the issuers. If an issuer is unable to achieve a milestone, escrowed funds can ultimately be returned to token holders following requisite voting procedures. Voting procedures are structured to prevent manipulation and unfair outcomes for issuers, while affording sufficient and reasonable protections to token holders.

Incremint supports transparency and fairness after an ICO closes. It incentivizes communication and disclosure from issuers and rewards their achievements. It protects backers and engages them in a project’s success.

WORK MODEL FOR ICOS

TOKEN SALE

Token standard - ERC-20
Token name - MNTS
Total token supply - 500,000,000
Tentative hard cap - USD 12,500,000
Duration 1-June-2018<=>31-August-2018
Token price 1-June-2018<=>1-July-2018: 1,300 MNTS for 1 ETH
1-July-2018<=>1-August-2018: 1,200 MNTS for 1 ETH
1-August-2018<=>1-September-2018: 1,000 MNTS for 1 ETH
These terms may be changed before the start on the token sale

Token Distribution

Our Team

The founders are highly experienced legal and financial experts with extensive track records in complex commercial transactions. They combine practical experience in escrow and financing arrangements with the technical expertise of our strategic partners.