INS - Consumer Ecosystem

What is INS? INS is claimed to be the first shopping decentralized network connecting grocery manufacturers and consumers. Tokensale is scheduled to starts December 4 and I believe ends around Christmas day. So let’s see how all this works. Consumers buy directly from the manufacturers eliminating the need for the retailer like the Tesco, wallmart. By using small contracts, this is where the INS token comes in the INS tokens acts as basically a loyalty program for the consumers.

So what are the benefits of this? it eliminates the retailer shop and dealing direct with a manufacturer. Which means more fresher produce. Obviously doesn’t have to go to the retail and then back to you again so you skip that process. Groceries can be bought online just like online shopping that we already know. Providing unlimited access to supplies but obviously of the choice of the INS program so obviously If certain manufacturers don’t sign up to the INS network obviously when I have access to them so it’s has the limit of INS basically, the manufacturers would also benefit. Because they would have full control of product and pricing. They would have advance information on supply need which could also with a good management system drive down costs I expect to the manufacturing process passing on to the consumers. Manufacturers can market and give special offers direct to the custom to the consumers or customers. They would also be able to get accurate feedback quickly which is very very important in a fast-moving environment.

Looking at what manufacturers they’re planning to start out with. Which I checked All these companies they signed contracts. who knows but it seems to be aiming at some of the bigger hits is on the market like Mars and Unilever just for example. Does this mean the end for retail supply supermarkets? well I very much doubt about it. People always need to have instant convenience saver awaiting. Well imagine opening the fridge in the morning. And you go for the milk and cup of tea and to be shocked you’ve run out close you’ve had straight to the shop than order and wait to the following day or even that later the same day. But how much of the market could INS could possibly cover? I think this is the key to making it all work really.

Tokensale starts on November 27. Target for them to try and sell is 100000 tokens. So if its less than 30000 tokens by the end of the ICO they will put the project on hold and refund everybody’s Investment. If It reach 150000 tokens the ICO will end and. according to them in the white paper, all unsold tokens will be burned. Currently one ethereum is 300 INS which basically works at just a fraction over a dollar. A token was one dollar 3 cents or something like that. Token will be actually using the EIP20 protocol. so it’s in the ERC20 token which is great for people with myerherwallet Great thing about this is you can also pay for tokens via bitcoin, ethereum, litecoin, dash or even with the bank transfer which is nice to see.

INS Website: https://ins.world/

INS Telegram Group: https://t.me/ins_ecosystem

INS Twitter: https://twitter.com/ins_ecosystem

Authored by: donniedarko

Bitcointalk url: https://bitcointalk.org/index.php?action=profile;u=1371110

Eth Address: 0x6e453d404669fA4b1064C898cea3105f662C85e5