INS Ecosystem ICO

INS Ecosystem ICO

Created using Figma
Created using Figma
The INS Foundation’s ultimate goal is to create the leading decentralized consumer market used by broad audiences by maintaining a thriving ecosystem of consumers willing to buy everyday products at lower prices and suppliers looking to sell directly and surpass existing retail chains. The main role of the INS Foundation is to develop the open source technology required for running the decentralized INS ecosystem and create a successful model to incentivize all participants.
Dec 4, 2017
Dec 18, 2017
100% completed
$45 949 800
16.7 K
hard cap
cap
552% hard cap completed
Cap 20 000 ETH
Hard cap 60 000 ETH
past
  • 300 INS
    =
    1 ETH
Token Details
Ticker
INS
Accepted Currencies
ETH, BTC, LTC, DASH, FIAT
Company Details
Registered Country
Russia
Additional Details
Platform
Ethereum
Categories
Platform, Retail, Manufacturing

About INS Ecosystem ICO

INS is a decentralized ecosystem that facilitates the order fulfillment process and allows manufacturers to join it, publish their products for sale, carry out promotion and loyalty campaigns, and get feedback from consumers, enables consumers to order those products and vote for new products and manufacturers. The INS ecosystem has been validated by consumer interest and has received strong support from manufacturers.

At the INS Platform, every manufacturer controls product pricing and listing. The Platform aggregates all orders and sends requests to manufacturers who deliver products to smart distribution centers. Professional pickers at distribution centers collect orders and pass them to couriers. Couriers deliver orders to customers.

The main role of the INS is to develop the open source technology required for running the decentralized ecosystem and create a successful model to incentivize all participants.

The INS token is the only means of exchange for handling feature-rich & consumer-oriented marketing, bonus and discount campaigns within the INS ecosystem, and also serve as one of the currencies for buying and selling products.

This project will disrupt the existing grocery retail industry and become a new standard driving accelerated adoption and massive usage of the INS token.

Escrow

All payments received for INS tokens in connection with the INS token sale will be held in escrow in a multi-signature wallet. Keys will stay with the INS team and NSP, global legal provider. Established in 2006, Nektorov, Saveliev & Partners (NSP) focuses on providing legal solutions to corporate clients under Russian and foreign law, their areas of expertise include but are not limited to : digital economy , wealth management, banking and investments. 

ICO duration

ICO campaign will end:

  • on December 25 11:00 AM (GMT)
  • or immediately upon reaching the hard cap (60,000 ETH).

Features

Directly connects grocery manufacturers and consumers.
Offers a variety of smart contracts to facilitate operations.

Technical Info

Technical details:  The INS Foundation will develop and publish the well designed website and app for customers to implement the user side of the on-chain access to INS smart contracts and access to products listed by manufacturers on the platform. The source code:  The code of the product is not available. Proof of developer:  Public team

INS Ecosystem ICO Roadmap

  • Q2 2017

  • INS concept created
  • Q3 2017

  • INS supported by world-known manufacturers - Unilever, Mars, FrieslandCampina, Valio, Reckitt Benckiser
  • Q4 2017

  • INS to conduct an ICO
  • Q1 2018

  • Development of the INS Platform
  • Read More
  • Q2 2018

  • Development of the INS consumer & fulfilment apps and interfaces
  • Q3 2018

  • Development of the supplier SDK
  • Q4 2018

  • Launch

Activity

Activity:
36
VERY LOW
Posts:
5 962
VERY HIGH
Views:
57 147
VERY HIGH
Activity:
1 722
VERY HIGH
Merit:
1 032
VERY HIGH
Posts:
7 152
VERY HIGH
Views:
95 323
VERY HIGH
Users:
1 468
VERY HIGH
Members:
127
VERY LOW
30 Days Growth:
-15032
Alexa
Rank:
488 608
MEDIUM
Delta:
7 105

Participation in events

Team

Verified 50%

Attention. There is a risk that unverified members are not actually members of the team

Co-Founder & Strategy
unverified
Co-Founder & CEO
verified
Community Manager
verified

Former members

Blockchain & Smart Contracts
Technology
Senior Team Lead
Marketing
Operations
Customer Service
Manufacturer relationships
US Expansion
Advisor (CEO of Keynote)
Advisor (Founder of ICORating)
ICO Advisor (Co-Founder of Blackmoon Financial Gro...
Growth Advisor
Retail Advisor
Payments Advisor (Founder and CEO of Qiwi Group)
Legal Advisor (Partner at Nektorov)
Legal Advisor and Escrow (Founder of Blockchain La...

INS Ecosystem ICO Interviews

Peter Fedchenkov
What is your opinion about the project?
I do think we are one of the strongest ICOs in 2H 2017 due to a number of reasons: 1) 5 years of experience in the grocery space 2) verified problem, confirmed interest from the world's largest grocery manufacturers 3) clear-cut use for blockchain and smart contracts 4) A-type team with 3 Harvard Business School MBAs 5) strong top-tier advisers.
Peter Kovalenko
As a team member, сan you tell us about your role in the ICO project?
Community manager. Joining the strongest team ranked #1 in developer activity among blockchain projects worldwide by independent analytics: https://www.cryptomiso.com/months_6.html.
What do you think about idea?
Building an open-source enterprise-grade blockchain platform to enable seamless interactions between companies and new growth opportunities powered by distributed trust with the strongest team ever.
Michael Schmidt
What is your opinion about the project?
About INS, I think what really makes the INS ICO stand out is the team's experience running Instamart, the largest grocery delivery service in Russia. The concept for INS was born out of challenges observed over 5 years working in the grocery industry. From that perspective, I believe INS has a high likelihood of succeeding.

INS has also assembled a fantastic group of advisors who have helped tremendously along the way to ensure we are ready for the ICO launch as well as all the work that comes after a successful ICO.
Dmitry Gladkov
What is your opinion about the project?
Unlike many other ICO projects that our firm sees right now - INS has a very sound underlying idea and rational. Very strong team: financial, management, investor relations, retail expertize combined with devoteness to the project from the founders, grate interst from the investors from the early stages of the project, progessional approach to the development of the ICO . In our view all the elements of success story are present.
$ 0.2996
6.33%
Coin Stats
Daily, %:
6.33%
Weekly, %:
-39.30%
Monthly, %:
-39.24%
Market Info
Market Cap:
$ 9.824 M
Volume 24h:
$ 1.223 M
Circ. Supply:
32.5 M INS
Ticker:
INS
ICO profit
X 0.0022
ICO Price~$138.66
4.06
positive
5.0 18
ICO Profile Vision Activity Potential Product Team
icorating
positive
icobazaar
4.3
3.9
icomarks
9.2

INS Ecosystem ICO Reviews

crushcrypto.com
review

Opportunities:
By cutting out the middleman, consumers who use the INS platform can derive real benefits from significant cost savings.
As groceries is an essential and recurring expense for most people, the potential of the project is huge. If the project is successful, INS can capture a lot of value in the large grocery industry, which is ripe for disruption.
Buying groceries online is a new thing and it is just starting to get competitive (Amazon Fresh, Instacart, etc.). INS can still be one of the first companies entering into the space in some cities.
The project has a strong team and advisors who can actually help the project to gain traction and build partnerships.

Concerns:
No MVP/Proof-of-Concept has been developed for the project yet, which makes INS a white paper project.
Most groceries manufacturers are used to dealing in bulk. Some may not want to change their business model and integrate with the INS platform as it would generate a lot of small orders for the manufacturers.
The team has deep knowledge in the grocery market in Russia but it looks like Russia is not the focus of INS. INS will focus on large cities globally such as New York, Los Angeles, London, Paris, Seoul, Hong Kong, Tokyo, and Singapore.
The multiple layers of bonus and airdrop of INSP can be seen as gimmicky and spammy for some people, which can actually backfire as a promotional strategy.

Conclusion:
Overall, we are neutral about this ICO for its short-term potential and like its long-term potential. There are a few layers of bonuses to make sure you take advantage of as many of them as possible.
Our thoughts of the tokens for short term and long term are as follows:
For ​short-term holding
Neutral. After the rapid rise in Ether price from $300 to high $400s, the hard cap is now $28 million. We don’t believe the hard cap is likely to be filled quickly.
If you are contributing less than 100 ether, try to pool with your friends because contributions over 100 ether will receive a bigger bonus. Also, if the hard cap is not filled by week 1, we believe it would be difficult for the project to reach hard cap because the bonus falls off significantly.
For long-term holding
Good. If INS can bring large manufacturers on board and is able to deliver significant discounts as promised, it should be able to gain traction quickly because most consumers are price sensitive when it comes to groceries.

Read More
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