INTENT

INTENT

When referring to a long-term incentive that is responsible for generating demand for the token, the word “INTENT” is a phrase that references the incentive. There is a reasonable expectation that the demand for the token would increase in a way that is proportionate to the number of users. The distribution of tokens is carried out automatically, and it is triggered by users when they make purchases and sales of cryptocurrencies, pay with their cryptocurrency card, and utilize a variety of TENT exchange services in their day-to-day life. Tokens are distributed automatically. Tokens are distributed in a manner that is consistent with the method at the cryptocurrency exchange.

1. In order to prevent the possibility of irreversible inflation, the entire supply has been fixed at a maximum. In the beginning, the whole token supply of 2,000 million INTENTs will be pre-minted to a genesis address. These tokens will then be distributed in accordance with the rules that have been provided. In order to ensure that all active users are eligible to get INTENTs automatically, the distribution term is derived from a business prediction that spans a period of five years.

2. Ownership of INTENT (regardless of whether it was obtained for activity or bought on a secondary market, regardless of whether it was stored on a custodial or non-custodial wallet) is mathematically constantly generating loyalty credits, which are referred to as Loyaltents [LTs]. These LTs are utilized by users in order to reduce the costs that are associated with using TENT trading services.

3. On the other hand, the Loyalty tokens are inseparable from the user and cannot be transferred, in contrast to the INTENT token, which can be transferred just like any other blockchain token. Therefore, users are driven to either purchase the INTENT token, which makes their service more affordable (or completely free of charge), sell it whenever they want on the secondary market, or even keep more than is required for their usefulness (i.e., for governance or speculative reasons).

4. A portion of the other TENT earnings is added to this pool, which is referred to as the Discount Pool, together with the card interchange fees that are collected from each card transaction. It is designed as a system of counterbalanced powers: on the one hand, it is designed to positively incentivize users to transact and be active within the TENT ecosystem, which results in the acquisition of more INTENT tokens, which in turn generates more discounts (Loyaltents). The DISCOUNT POOL is dedicated to distributing tokens to holders of INTENT tokens and lowering their fees. On the contrary, as the volume grows, the pace at which Loyaltents 11 are generated (that is, the rate at which the DISCOUNT POOL is filled) slows down. At the same time, the relative effect of demurrage continues to increase, which means that users are encouraged to make use of the Loyaltents rather than hoarding them.

5. The effective functionality of INTENT, which allows users to save money or ultimately eliminate all costs related with utilizing TENT services for purchasing, storing, exchanging, and spending cryptocurrency, is the source of the value that INTENT has. A large amount of Euros serves as the backing for the value, which is not a virtual asset.

6. A portion of the other TENT earnings is added to this pool, which is referred to as the Discount Pool, together with the card interchange fees that are collected from each card transaction. Distributing tokens to holders of INTENT tokens and reducing the fees that they are required to pay, for example, is the mission of the DISCOUNT POOL. As a system of counterbalanced powers, it is meant to encourage users to engage in transactions and activities inside the TENT ecosystem. On the one hand, it provides users with positive incentives to do so.

APP FOR MOBILE TENT

This is a one-of-a-kind platform that enables users to connect wallets to a Mastercard payment card and make use of cryptocurrency in their day-to-day lives.

A) Tent.com has already begun to generate buzz among the cryptocurrency industry, and it has received overwhelmingly excellent reviews not long after it was launched. Both the technology and the functionality speak for themselves, and the future is filled with advancements and features that are exclusive to the product alone.

 

B) A seamless Mastercard payment card, native custodial wallets, rapid payments and swap capabilities, extensive security features, a comprehensive compliance solution, and the TENT team’s own utility currency, INTENT, are just some of the features that have already been implemented by the TENT team.

C) A cryptocurrency payment gate, platform as a service, private label cards, and payment solutions are all examples of services that are included in a more comprehensive package. Both the Google Play Store and the Apple App Store already have the app available, and you can use it to place an order for a TENT card immediately from inside the app.

 

FOR MORE INFORMATION VISIT:

WEBSITE: https://intent-token.com/

WHITEPAPER: https://www.intent-token.com/about

TWITTER: https://twitter.com/TentAppOfficial

TELEGRAM: https://t.me/TentAppOfficial

LINKEDIN: https://www.linkedin.com/company/tentapp

DISCORD: https://discord.com/invite/k87gHJvtbV

 

AUTHOR:

Bitcointalk Username: Dan Burn

Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=3200857

Wallet Address: 0x13b25fedda2d733e7c9048626dce368f26b5a32e