[ICO] INS ECOSYSTEM- A DECENTRALIZED MARKETPLACE FOR GROCERIES.
A Decentralized market place is what customers and producers really need, avoiding the mediators who eats up everything in the middle.INS Ecosystem has built a system where consumers and manufacturers can directly make trades. It is a system built for direct grocery trading between producers and consumers avoiding the middle men, which is what we need desperately. This way consumers and manufacturers can save thousands of dollars which were usually taken by retailers. Almost 35–40% of the money is going into their pocket for nothing.This is what the real problem which INS Ecosystem aimed at solving.
INS Ecosystem is officially registered in British Virginia Islands and the main aim of this project is to suppress retail trade network and have a decentralized transparent ecosystem which connects consumers and producers directly.
Why they need blockchain for solving it ?
There are many advantages for using blockchain in real world problems. There is more than digital currency that the blockchain technology can do to transform our lives.Numerous applications of this technology are now utilizing monetary and banking organizations, partnerships, medicine, law, and governments all around the globe. It can provide digital identification on the Internet of Things.
The current procedures can be improved or open up new innovations with the usage of applications of blockchain technology.INS Ecosystem has chosen blockchain to be the connection between consumers and producers directly without involving any thirdparties.It is transparent, cheap, secure and fast.
How it works?
It is a system or platform where producer or manufacturer places his or her product for sale.Manufacturers compete for customers and can directly interact with their customers to get feedback from them.
The platform of INS can be known as a decentralized market where producers have the privilege to put their products for sale and accept remuneration, post advertisements about the items they produce, introduce a loyalty program, and build up feedback with consumers of their items.
Also, the INS Ecosystem enables purchasers to make out their request for the items they need and ensures its execution.This is a win-win system for both manufacturers and consumers.
The INS Ecosystem involves Platform, Producer, Consumer and operator or staff. Staff handles procedures like customer service and couriers.The INS Ecosystem has built in accordance with the scalability and decentralized approach which enables stability and sustainability in the mean time.They have built websites and apps as an interface for the communication between sellers and buyers.
INS Ecosystem allows payments in fiat currencies as well as selected Crypto currencies. You can pay with US dollars. Crypto currencies like Bitcoin, Ethereum, INS tokens are accepted as of now.In future other crypto currencies may add to this list. There are special discounts for trading with INS tokens other than Bitcoin and Ethereum. Consumers can place buy orders choosing item and specifying few delivery details and paying in Fiat, BTC, ETH and INS tokens. Depending on the payment chosen, consumers as well as manufacturers are eligible for few rewards.
Reward system is like this:
Fiat currencies: general prices + 2–3% card fees
BTC, ETH: general prices + transaction fees (e.g. Ethereum gas price)
INS tokens: general prices + almost 0% transaction fees
Trading through INS tokens involves 0% transaction fee which is better option compare to other form of payments.Transaction through BTC and ETH involves their own blockchain transaction fee set by their miners.
INS Ecosystem has already contracts with few hundreds of major manufacturers. Some of the manufacturers involves Borjomi, Dettol, Capebe, Calgon, Vanish, Veet, Viola, Tiret, Valio, Scholl, Durex, Clearasil, Nurofen, Gaviscon, Valio Baby, Airwick, Strepsils, Dubro, Aviko and many more….Major manufacturers have shown interest when they heard about this system and signed MOU with INS Ecosystem. The interest in manufacturers is growing day by day and more manufacturers are yet to come to this decentralized marketplace.
INS token price is currently at the rate of around 1$ and when it hit exchanges, the price of this token is decided by the community at the rate of trading.INS Ecosystem has fully focused on increasing the market and which eventually increase the trading price of the token.By this the INS Ecosystem wants their investors know that at any cost investors are not eligible for dividends with the shares they hold in the company.But they can trade their tokens any time.
MOU with major manufacturer companies:
INS Ecosystem has signed contracts with few hundreds of major manufacturers.Some of the manufacturers involves Borjomi, Dettol, Capebe, Calgon, Vanish, Veet, Viola, Tiret, Valio, Scholl, Durex, Clearasil, Nurofen, Gaviscon, Valio Baby, Airwick, Strepsils, Dubro, Aviko and many more….Major manufacturers have shown interest when they heard about this system and signed MOU with INS Ecosystem. The interest in manufacturers is growing day by day and more manufacturers are yet to come to this decentralized marketplace.
Token Details:
There are a total of 50 million INS tokens.Out of which 60% token are offered to public via token sale with various bonus packages and the remaing tokens are held with the team for various functions.
60% — Crowdsale
15% — Team
5% — Advisors and Bounty
20% — Reserve Fund
Team tokens are locked up for two years with four 6 - months vesting period.
CROWDSALE AND PARTICIPATION
INS Tokens crowdsale starts on 11 AM GMT December 04 2017, and ends on December 25 or when all the tokens are distributed. 60% of all tokens are sold in this crowdsale.Payment methods include BTC, ETH, LTC,DASH, and USD.
SOFTCAP — 20000 ETH
HARDCAP — 60000 ETH
PARTICIPATION:
To participate in the token sale, register an account at the website https://ins.world and deposit the amount you wish using any cryptocurrency mentioned above.After the deposting is completed, buy the amount of tokens you wish.You can do it with the calculator installed on the website. This way you will know how many tokens you will get after depositing.Please keep in mind that owning INS tokens will not get you any type of dividends.
ABOUT THE TEAM:
INS Ecosystem is officially registered in British Virginia Islands. Dmitry Zhulin and Petr Federchenkov are the founders of INS Ecosystem. Dmitry is an expert in finance and private capital. His focus is on retail. Peter has a very impressive technical experience and skills in the Stockholm School of Economics in Riga.
Advisory board includes, Mo Levin, Eyal Hertzog (co-founder, Bancor), Michael Terpin (founder, chairman of PR Transform and Bit Angles), David Waxman (founder, Wachsman PR), Dr. Ravi Abdelal (professor, Harvard Business School), Dmitry Filatov (founder, ICORating),
For detailed information you can check the following sources:
Website: https://ins.world/
Bitcointalk Ann Thread : https://bitcointalk.org/index.php?topic=2208591.0
White paper : https://ins.world/INS-ICO-Whitepaper.pdf
Twitter: https : //twitter.com/ins_ecosystem
Facebook: https://www.facebook.com/ins.ecosystem/
Telegram: https://t.me/ins_ecosystem
BCT Username: CryptoKranthi