Insights Network

Insights Network

Created using Figma
Created using Figma
Join Instars and become a part of the growing Instars Community with dedicated members across the globe. Start earning crypto, benefiting from your data, and receiving exclusive opportunities while being social.
  • Market
    Pair
    Price
    Volume 24H
    24H (price)
    24H (volume)
  • Bittrex
    INSTAR/BTC 22 days ago
    $ 0.0146
    $ 296.14
    -
    -
  • Bancor Network
    INSTAR/BNT 2 months ago
    $ 0.0440
    -
    -
    -
  • Bibox
    INSTAR/BTC one year ago
    $ 0.0229
    $ 8.54
    -
    -
  • Bibox
    INSTAR/ETH 2 one year ago
    $ 0.0110
    $ 37.88
    -
    -
  • KKCoin
    INSTAR/ETH 2 one year ago
    $ 0.0017
    $ 3.67
    -
    -
  • Bibox
    INSTAR/BIX 2 one year ago
    $ 0.0200
    -
    -
    -
  • Idex
    INSTAR/ETH 2 one year ago
    $ 0.0138
    $ 302.39
    -
    -

About Insights Network

INSTAR is the native cryptocurrency token developed by the Insights Network team that powers the INSTAR Blockchain.

Instar Blockchain is a fully operational, decentralized delegated proof of stake blockchain that uses EOS open source software and sMPC technology for data exchange. INSTAR tokens can reportedly be used to fuel market research requests such as surveys, access research reports, and more on www.instars.com. “Staking for SaaS” provides free access to enterprise grade survey software powered with cryptocurrency micropayments.

Individuals can earn cryptocurrency by participating in consensual data exchange on the Instars platform. Only broad demographic details are exchanged instead of full personal details.

Insights Network Roadmap

  • Insights: Q1-Q3 2017

  • -Proof of Concept
    -Launch the Insights Network website
    -Development work initiates on EOS test net
  • Insights: Q4 2017

  • -Announcement of Project at BlockCon
    -Release final draft of white paper
    -Token Sale
    -Token Launch
    -Token Distribution
    -INS Wallet Integration Gambeal App
  • Insights: Q1 2018

  • -INS Network Desktop Client Beta ERC-20 tokens redeemable in client
  • Insights: Q2 2018

  • -Multi Party Computation
  • Read More
  • Insights: Q3 2018

  • -EOS Platform Beta Opens
  • Insights: Q4 2018

  • -INS EOS blockchain Desktop Client Fully Functional Publicly Available Polling Daily

Activity

Insights Network Team

Verified 0%

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

Brian Gallagher
Co-founder & CEO
unverified
Darwin Lo
Co-founder & CTO
unverified
Brandan Zaucha
Co-founder, Business Development & Community
unverified
Dylan Herman
Blockchain Developer
unverified
$ 0.0193
121.41%
Crypto Stats
Daily, %:
121.41%
Weekly, %:
Monthly, %:
10.21%
Market Info
Market Cap:
$ 4.071 M
Volume 24h:
$ 61.95
Circ. Supply:
210.836 M INSTAR
Ticker:
INSTAR

Insights Network Reviews

crushcrypto.com
review

Opportunities:
Data analytics is a huge industry and one that’s growing quickly. We like the idea of users taking control of their own data.
Because users control their own data, they can create a very accurate profile of themselves, which allow advertisers to target their audience better than the current offerings. This way, fraud can also be reduced significantly, potentially saving advertisers money.
This project is the first EOS ICO, so it is attracting a lot of attention.
The Equifax hack in September 2017, which allowed attackers to obtain crucial personal identity information for 143 million people, shows that it is unsafe to share consumer information with centralized companies.

Concerns:
​The project is at a pretty early stage, so it is essentially a white paper project.
Should there be any delay in the launch of mainnet for EOS (currently scheduled for June 2018), the roadmap for Insights Network would also be delayed.
Insights Network represents a two-sided market (requesters and users). If the network cannot attract users from both sides quickly, the network effect would be diminished.

Conclusion:
Overall, we like both the short- and long-term potential this ICO. Our thoughts of the tokens for short term and long term are as follows:
For ​short-term holding:
Good. Being the first EOS ICO, the market is paying close attention to the project. Red Pulse, the first NEO ICO, has performed very well (10x) as of the time of publication.
The idea, token metrics with a maximum bonus of just 10%, team, and market awareness are all above average. We believe the early stage of the project is less of a concern for this project because EOS mainnet will not be rolled out before June 2018 anyways.
For long-term holding:
Good. We like the idea of users taking control of their own data. This is one of the key benefits of a decentralized system over the centralized counterpart.
The project provides real benefits to both users (they are compensated for sharing their information) and requesters (better targeting and potentially lower cost because of the elimination of middleman and fraud). If the project is successful in building up the network effect, the potential is substantial.

Read More
icoscoring.com
ICO review website

The main concern for the consumer data market growth is the risk of compromising Vital Consumer Data. The largest players of this segment are Acxiom, Nielsen, and Experian which cover more than a half of the American consumer data market.

The product is only on a concept stage and the alpha version has not yet been launched. It is worth noticing that the issued ERC-20 tokens will be later replaced by EOS tokens. The EOS Blockchain has not been itself launched. The popularity of the platform will heavily depend on the network effect i.e. how many people will register on Insights Network. The given roadmap is not enough detailed and only highlights some of the product development stages.

There is no information on how INSTAR will earn its money, so the commercial viability of the platform is not clear. The popularity of the platform will heavily depend on the network effect i.e. how many people will register on Insights Network.

The Use of Funds is not given in a detailed way and there is no financial plan for anticipated expenditures. There is no information about Soft Cap. 30% of tokens will not be available for sale and will be kept by team. There is no information about vesting scheme for the team reserves. There is no information about escrow in case the hard cap will not be reached.

The team is spread around the globe. According to Linkedin, the employees are located in San Francisco, Chicago, and Copenhagen.

Read More
thetechinsider.org
reviews

Summary

Data exchanging is an interesting industry where both sides can benefit from. With Insights Network, they work to make this idea possible. Thus, its a nice ICO that should be watched over as it might be great for the long term.

Positives
Assisted by EOS Team: Insights Network is one of the first ICOs to work with EOS. Due to its partnership with EOS, we can expect them both to develop a strong interpersonal relationship.
Roadmap Releases: Insights Network has a roadmap that is released on each quarter of the year. If its able to fufill its promises, then the price value of the token will increase.
Low Cap: $16,000,000 is surprisingly low for a marketcap. Since its the first ICO on EOS, it would help attract new users to the platform.

Negatives
No MVP: There is no MVP available, but its expected to appear on Q2 2018.
Allocation of Funds: The funds distributions has been loosely explained. It would be better if they explained what they were sending their funds to each sector (development, marketing, etc).

Read More
icocrunch.io
review

White paper itself consists of 23 pages only, and the only project demonstration is performed in a 43 seconds YouTube video. At the moment that all seems to be hardly enough for predicting a great future, though the Insights Networks idea is certainly interesting and can gain popularity in nowadays market.

Read More
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