The INS project plans to create a decentralized ecosystem that runs on Blockchain aimed at connecting food producers with consumers with the intention of cutting intermediaries to increase producer profits and lower costs for consumers.
See also Video above, so you can see how this INS Ecosystem project works.
Market.
The wholesale market is huge and is estimated to reach $ 8.5 trillion by 2020. Nevertheless the market is dominated only by some major retailers. In the UK, the 4 largest retailers dominate 76% of the market even though they are more than 7000 producers.
The INS project aims to change this by connecting producers directly to consumers who must cut costs for both parties by cutting out intermediaries.
This new platform aims to benefit all parties involved. The market will be decentralized and run on Blockchain creating a safe and trustworthy environment.
A new INS token will be a payment method on a platform with tokens used to purchase goods, for manufacturers to run promotions, loyalty programs, and to get customer feedback.
Each verified manufacturer will be able to register platforms to sell their goods, ranging from small local farms to global brands. Once registered on the platform, they can register their products for sale, send customer order products to the fulfillment center and promote their products directly on the platform.
For Consumers.
The platform will aim to offer the best price to consumers but they also plan to offer them the chance to get referrals, receive loyalty points, participate in the feedback program and offer different search categories so they can easily find the products they need.
Initial target country.
The project will initially target the largest cities in the world with the highest concentrations of potential customers. These cities range from Los Angeles to Tokyo with many other transitions.
The platform will also target users with little knowledge of cryptocurrency by creating simple ecosystems with websites and apps that are easy to navigate.
Growing Global Network.
7 of the 20 largest FMCG Global manufacturers and more than 100 from around the world expressed interest in joining our Project.
After the ICO period, all contributors will receive an ERC20 token that redeems INS on the Ethereum Network. Whenever Blockchain INS is launched with its own token mechanism. The ERC20 token will always be accepted to be redeemed with a new 1-to-1 token.
INS Token Contract Address :
0x5b2e4a700dfbc560061e957edec8f6eeeb74a320
INS Token.
The token will initially run on the Ethereum network meaning that the token sales contributor will need a wallet that receives an ERC20 token such as MyEtherWallet.
After the token sale is complete, the token will be distributed to the user's address. When the platform designs the blockchain itself, it will be free to exchange with the new one.
Token will be the only payment method on the website with many uses which means that it serves the original purpose on the platform.
INS ICO almost reached hardcap after quickly selling 90% of available tokens. There are still 10% bonuses available for the next 3 days.
Details of ICO.
- Date : Sale begins on December 9th and quickly reaches 90% of hardcap, remaining 3 days out of 10% bonus remaining.
- Hard Cap : 60,000 ETH.
- Total Supply : 50 million.
- Price : 1 ETH = 300 INS.
https://ins.world/INS-ICO-Whitepaper.pdf
The INS Project Success Team.
The team behind this project has a lot of experience with some of those who previously worked in high positions in global companies. They also founded Instamart in Russia, one of the largest food shipping operators in Russia, the company has more than 200 employees and has signed contracts with major retailers and manufacturers.
The platform has attracted large investors for projects such as mail.ru which is the largest internet-based company in Eastern Europe. The project has a large number of team members and too many advisers to sign up.
The two founders of the project are :
1. Peter Fedchenkov = Founder:
He already has a great experience in retail and technology, having previously worked for Goldman Sachs and IBM. He also studied at Harvard Business School.
2. Dmitry Zhulin = Founder :
A venture capitalist with experience working for Rothschild and PwC among others.
See also Video of all INS Ecosystem project discussions from Peter Fedchenkov and Dmitry Zhulin below :
Roadmap :
- INS concept created.
- INS supported by world-known manufacturers - Unilever, Mars, FrieslandCampina, Valio, Reckitt Benckiser.
- Token Sale completed.
- Development of APIs, SDKs, apps and interfaces.
- Development of INS Wallet.
- Development of INS Platform and Partners.
- Testnet Launch.
- Geographical expansion and growing the ecosystem.
With so many ICOs flying around it, it's hard to follow. This one seems like a very good idea with big retailers and the price of greedy goods seems to be higher than it should be. By cutting intermediaries, it may have to reduce costs.
The team behind the project has always been the first thing I look for in token sales, the team behind the project seems to have a lot of experience and there are also a large number of advisers and investors who have supported the project.
There is a huge demand for tokens so far with sales reaching 90% of hardcap in just a week. For more details on all the latest developments, and to purchase tokens with a 10% bonus, you can directly see the links below:
WEBSITE : https://ins.world/
WHITEPAPER : https://ins.world/INS-ICO-Whitepaper.pdf
FACEBOOK : https://www.facebook.com/ins.ecosystem/
TWITTER : https://twitter.com/ins_ecosystem
TELEGRAM (English) : https://t.me/ins_ecosystem
TELEGRAM (Russia) : https://t.me/ins_ecosystem_ru
ANN THREAD : https://bitcointalk.org/index.php?topic=2208591.0
Author : MCM10
My ETH : 0x9773bBc8E2E40744e96c60C6de599163bDDB8907
