If you’re concerned our financial system is groaning at the seams and unsure of how you can protect yourself, you’re not alone. We believe that cryptocurrency will be an important force in rebuilding the economy, and Incent was created to address some of the biggest problems we face.

If you’ve ever wondered why you have to work so hard just to stand still, you’re not alone. Ever since the financial crisis that began over ten years ago, it has become clear that capitalism – the economic system by which we organise our society – is not working. At least, it is not working for the vast majority of people.

On both a personal and national level, debt is at an all-time high. Credit cards, student loans, mortgages – these are an inescapable necessity for most people, no matter what level of income they enjoy. There’s a tiny percentage of people who don’t have to worry about debt; for the rest, debt and the interest payments that come with it are a self-perpetuating way of life.

Meanwhile, government debt is ballooning. (The US debt alone stands at over $22.5 trillion.) For all this – supposedly ‘investment’ in our countries – most people feel their finances are squeezed; income growth is low; employment prospects fragile; and we are, by all accounts, facing a potential global recession in the coming months.

So if you’ve ever felt the deck was stacked against you and no matter what you do you’ll end up behind, you’re right: capitalism is not delivering for most of us. And that’s why it’s so important we have a safety net.

The following does not constitute financial advice. Incent will never tell you what to do with your money.

Cryptocurrency has its fair share of both fans and critics, but it is the perfect foil to a bloated system that can only limp on through yet more debt-fuelled consumption. Crypto stands outside the conventional financial system, outside of existing national and corporate interests. It is an alternative asset class that is not tied to the health of the stock, property or bond markets.

Of course, crypto is volatile. Many people have made and lost large sums of money in crypto. While Bitcoin’s overall trajectory has been solidly (and exponentially) upwards since it was launched, most people are wary of such volatility. Already strapped for cash, they don’t want to invest funds they could lose.

Easy on-ramp

Incent was built on the insight that we not only need an alternative asset class, but an alternative way to benefit from it. Our users earn Incent cryptocurrency rewards by going about their daily business. Rewards are credited to their account with every spend they make. Try out the platform for free and accrue digital value just by shopping as normal. If you like what you see, you can start a monthly subscription.

In this way, we intend to help regular consumers save as they spend – without making a significant additional financial commitment beyond simply going about their daily routine. You can find out more about how and why we can do that on the Incent blog.

Incent is live! Australian users can access rewards in Incent tokens on every spend they make. To find out more, visit www.incent.com.