Concrete (CT) Review 2026: Token, Vaults and Risks
Concrete manages $1.31B in DeFi vaults, but its CT token claims none of the fees. We checked CT tokenomics, vesting, audits, price history and holder data.
Incentiv runs a proof-of-work EVM chain that pays rewards from fees. We checked CENT's 100B supply, 9.8% float, vesting schedule and on-chain usage.

Incentiv is an EVM-compatible proof-of-work Layer 1 that pays miners, users and developers out of network fees instead of new issuance, and its CENT token has traded on KuCoin, Gate and MEXC since 12 October 2026. The design holds together on paper. The market record is short and rough. CENT lost 73% from its listing-day high within two weeks, and as of 5 November 2026 only 9.8% of the 100 billion supply circulates.
Trading interest
2.6/5
2.6Three mid-tier spot venues, KuCoin carries 81% of volume, swings of 60-120% within days
Long-term fundamentals
2.4/5
2.4Working mainnet and no inflation, offset by a heavy vesting calendar and thin disclosure
Our assessment
Incentiv has a live EVM mainnet, a fixed 100 billion CENT supply created at genesis, and a reward model funded by fees instead of new issuance. Against that sit a 73% fall from the listing-day high within two weeks, 90.2% of supply outside circulation, one publicly named co-founder and no independent audit on record.
What stands out
What holds it back
Key facts
Incentiv combines three components, according to its documentation and CoinMarketCap's project profile. These are Ethash proof-of-work, native account abstraction and a reward engine called Incentiv+. All 100 billion CENT were created at genesis. The chain does not mint coins for miners. Instead, the docs describe a "demand-coupled" model where the mining reward pool scales with transaction volume, value-fee inflows and total network usage.
Account abstraction sits at the protocol level rather than in add-on contracts. The features live on mainnet include the following.
Incentiv+ adds a cashback rule. After the first 20 transactions in a day, a mainnet user receives 50% of the gas paid on each further transaction back in CENT. In the docs example, 64 CENT of eligible gas returns 32 CENT. The rule rewards transaction count per address.
The official tokenomics page lists five allocations and their release terms in months counted from the token generation event (TGE).
| Allocation | Share | At TGE | Release after TGE |
|---|---|---|---|
| Sale (private, strategic, public) | 22% | None | 6-month cliff, then 12 monthly releases (M7-M18) |
| Short Term Growth Fund | 17% | 20% of allocation (3.4B) | 80% in 24 monthly releases (M1-M24) |
| Long Term Growth Fund | 20% | None | Over 60 months |
| Team and Advisors | 15% | None | 12-month cliff, then 24 monthly releases (M13-M36) |
| Community Rewards | 26% | None | Over 60 months, higher in early months |
Unsold sale tokens move to the Short Term Growth Fund but keep the sale vesting schedule. Translated into monthly flows, the schedule looks like this.
The page does not give a calendar date for the TGE. It also does not explain the gap between the 3.4 billion CENT scheduled at TGE and the 9.80 billion CoinGecko reports in circulation. If the TGE coincided with the 12 October listing, the sale tranche starts in April 2027 and adds 1.83 billion CENT a month. That equals 19% of the current float, every month, for a year. On 5 November 2026 the fully diluted valuation stood at $221.7 million against a $21.7 million market cap, a ratio of 10.2 to 1 (CoinGecko).
The testnet numbers were big. Incentiv's August 2025 press release, distributed through Chainwire and carried by Decrypt and The Defiant, counted 1.2 million testnet wallets and 1.7 billion test tokens claimed from faucets. Faucets cost nothing, though. Neither do testnet wallets.
Mainnet is the better test. KuCoin's 29 October 2026 market note, citing the official explorer, put the chain at 4.96 million transactions, 395,800 addresses and a 5.8-second average block time, and called current utilization limited. We did not find TVL tracking for the Incentiv chain on DefiLlama as of 5 November 2026, and Incentiv publishes no protocol revenue figures. Every one of these addresses was created in an environment that paid for activity through XP, Mystery Boxes, three-level referral shares and the Incentiv+ cashback.
User feedback follows the same incentive line. We found no Trustpilot profile for Incentiv. The discussion we found comes from airdrop participants, and it centers on Epoch 0. That campaign assigns 85 million CENT to the users category, which is 0.085% of supply, with a 1,000 XP entry threshold that guarantees nothing. At listing, exchanges gave away 51.7 million CENT through their own campaigns. Gate's HODLer Airdrop #343 distributed 34,482,759 fully unlocked tokens, and KuCoin's listing campaign offered 17,241,380. So exchange promotions moved a pool equal to 61% of the user airdrop, in one day.
Independent commentary stays cautious. Bittime wrote in October 2026 that the tokenomics read clearly but market data, team and AI-agent adoption still need proof.
Incentiv issues its releases with a Cayman Islands dateline. The one publicly profiled founder is co-founder Arben Kane, whom CoinGecko describes as founder and CEO of Kontur Inc and a partner at Rosebud Ventures. CoinGecko's project page names no other executive.
Funding came from the Gems launchpad community. CoinGecko reports $25 million raised across five private rounds from 4,200 Gems members, while CryptoRank lists $28.10 million with a seed round closed on 14 August 2024. Neither source discloses the price per token. Holders of the 22% sale tranche therefore have a cost basis the market cannot see, and that matters when the cliff ends.
Security disclosure is thin. The Whitepaper V2.0 (14 July 2025) contains a security and risk mitigation section written by the team. We did not find a published independent audit of the node software, the account-abstraction contracts or the native DEX on incentiv.io or docs.incentiv.io as of 5 November 2026.
Trading opened on 12 October 2026 at 09:00 UTC on KuCoin, Gate and MEXC, after a one-hour call auction on KuCoin. Withdrawals followed on 13 October. CoinMarketCap records the all-time high at $0.004603 on listing day. Then came the selling.
By 26 October CENT reached $0.00125, a 72.8% drawdown in two weeks. On 28 and 29 October it rose more than 123% intraday to $0.0030 and gave back 41% of the move within hours (KuCoin Flash). On 5 November CoinGecko showed $0.002217, up 63% over seven days. Aggregators do not even agree on the peak. CoinGecko records $0.003389, CoinMarketCap $0.004603 and CryptoRank $0.005278. Three highs for one token on one day. That is what thin early liquidity looks like.
Volume has shrunk with the price. CoinGecko showed $979,576 traded over 24 hours on 5 November, and 81.07% of it went through KuCoin's CENT/USDT pair. Gate, MEXC and KCEX each handled under $50,000. Derivatives exist on MEXC Futures, and the BingX perpetual was marked inactive.
The risks below apply to CENT in addition to general crypto market risk.
CENT/USDT spot pairs trade on KuCoin, Gate, MEXC and KCEX. Native CENT lives on the Incentiv network, where holders use the passkey wallet in the Incentiv Portal or add the network to MetaMask through the configuration in the docs. Exchange deposits run on the Incentiv network, so a transfer sent from the Ethereum or BNB Chain contract needs the official bridge first. Keeping CENT on an exchange leaves it in that exchange's custody, under that exchange's jurisdiction.