INS Ecosystem: Reinventing the Grocery industry

in #ico7 years ago

Do you what I hate the most at home? Going shopping in the Grocery market. And believe me, I know that I am not alone who hates Grocery shopping. I mean who would want to go shopping for buying pulses, salt, pepper and many more (I can't even remember the name of half of the items in my Kitchen). I still remember the sadness on my face when my mom orders me to for grocery shopping. But thanks to the recent development in technology which has given rise to an e-commerce website. Now, I can get the grocery items delivered right at my doorsteps. Thanks to whoever came up with this idea!!

Recently, I was going through the news about how the online grocery stores or e-commerce website works. I found out that current days, grocery system suffers from two major problems. Firstly, the abuse by grocery retailers and use of ineffective trade practices. If you will analyze the market currently, you will find out that it is dominated by few major merchandises who try to run the market however they want.

But, a couple of days later I came across - INS Ecosystem which is trying to change the entire grocery industry to solve the above issues (and many other). So, I decided to dig deeper to find out more about the company.

INS platform

INS ecosystem is a dedicated decentralized platform which aims at connecting grocery manufacturers and consumers. The platform will create a new relationship between manufacturers and customers which will benefit both of them.

Using the INS ecosystem, customers will be able to buy directly from the manufacturers and in turn manufacturers will get real-time data about their product which will help them make better strategies. This will also cut down the intermediaries cost.

Some of the unique features of the INS ecosystem are-

➢ Consumers will be able to avail high-quality groceries at a much cheaper rate

➢ Ease of buying groceries online

➢ Manufactures will have complete control over the pricing of the product and its listing

➢ Direct promotion of products to customers

➢ Quick delivery and detailed feedback from customers

➢ The platform will use INS tokens for various operations on the platform

➢ Manufacturers can carry out various Loyalty programs

➢ Customers can vote for new products

ICO and Team

INS Ecosystem uses ERC20 token which is created on Ethereum blockchain. The company has released 30 million INS tokens for the sale. The company organized its ICO sale way back in December 2017 and now is looking to expand its business in various countries. The tokens were sold at a rate of 1 INS token= $0.67 USD. Upon completion of ICO, INS Ecosystem raised more than 45 million USD (much more than what they hoped for!)

Conclusion

Currently, INS is working really hard to get into new markets and explore different parts of the world. They are currently working on APIs and SDK to help the third-party developers to use INS's services in their app. The company also plans to launch the test net by the end of this year and with further expansion in late 2019.

When I went through the company profile, I found that initially, they stated that they would open source their platform but till now I was not able to find any network logic code on GitHub (However, they do have contracts related to ICO on GitHub). This raises the question regarding how far they have reached with their development. Also, will they be able to reach all the goals what they promised beforehand?

Despite all the question, the company has come up with the great idea hopefully they will be able to keep up with the scheduled and promises that they made initially. The team has a good experience in the technical field and there is no doubt that they will be able to achieve the goal.

Website - https://ins.world/

Whitepaper - https://ins.world/INS-ICO-Whitepaper.pdf

ANN - https://bitcointalk.org/index.php?topic=2208591.0

Telegram - https://t.me/ins_ecosystem

Published by - prince0200

Profile - https://bitcointalk.org/index.php?action=profile;u=1807689