REVOLUTION IN GROCERY MARKETPLACE : INS ECOSYSTEM

Have you ever gone to market? bought grocery for your households? How much you paid for groceries that you bought at retailers like walmart? You paid whooping 40% extra for the grocery product you bought. Yes, you heard it right. You just paid extra 40% for buying at retailer. This is the big problem of a normal consumer. What if you buy the same product at manufacturer, you will not have to pay that extra money. But is it possible? Can you buy the product directly with manufacturer?
Yes you can…… INS Ecosystem made it possible. Now you do not need to pay extra half on a single product. You can save thousand using INS platform.

What is it all? What exactly is INS Ecosystem? How it works?

INS Ecosystem is just a platform and it is not hard to understand but has much to do for you.INS Ecosystem is a stage or platform where consumer directly purchases their products from the manufacturer itself.INS Ecosystem made it possible by building a platform for manufacturers and consumers on blockchain using ethereum network. INS Ecosystem is the first world decentralized platform directly connecting manufacturers of groceries and consumers.This way both consumers and manufacturers stop loses and make profits.This system is so efficient that it can save thousands of dollars or a consumer in a month.

Retailers are the biggest nightmares for both manufacturers and consumers as they consume around half of the price of the product and majority of the consumers don’t know this fact. Manufacturer produce the product for less and consumer buys the product for high, this is the conventional system which needs to be changed by eliminating retailers. INS Ecosystem targeted at this problem and came up with a brilliant solution.

The INS Ecosystem is a decentralized commercial center that enables makers to join, publish their items available to be purchased, conduct advertisements and loyalty programs, and get feedback from buyers. It empowers purchasers to order those items and encourages the request satisfaction process.Makers and consumers are in the system.Makers are organizations or people in the field of fresh manufacturing , groceries and consumable household things. They extend from neighborhood agriculturists to vast multinationals, for example, Procter ​& ​Gamble, ​Unilever, ​Coca-Cola, ​etc., Consumers are people or companies that need to purchase online top quality household goods at less expensive costs. Requests can be put through the INS site, INS application or custom applications determined by manufacturers ​from ​the ​app ​reference ​implementation.

The INS Ecosystem platform is composed as a high-load systemk. The market potential for the INS Ecosystem community comprises of billions of clients, each of them making many requests every year. The principle concentration is on execution, in which INS Ecosystem look for smart contracts support, consistency, security, stability and what’s more usability usability. INS Ecosystem intend to utilize the most proven and adaptable open source technologies and continually keep an eye on ​alternative ​technical ​implementations.

Roadmap:

INS Ecosystem roadmap guide includes a wide range of perspectives, for example, technological advancement, operational framework installment, signing associations, and launching advertising activities. The primary ​roadmap ​is ​presented ​below. ​Dates ​and ​activities ​may ​be ​subject ​to ​change.

INS Ecosystem goal is to create the leading decentralized consumer marketplace used by broad network of audiences by maintaining a thriving ecosystem of consumers willing to buy everyday grocery products at lower
prices and manufacturers looking to sell directly and surpass existing retail chains. INS Ecosystem main role is to develop the open source technology required for running the platform and create a successful ​model ​to ​incentivize ​all ​participants.

INS Ecosystem intend to pick urban areas for extension in light of the population estimation, salary level and grocery market concentration ratio. INS Ecosystem plans to extend their services including the cities like Los Angels, New York, London, Paris,HongKong, Seoul, Tokyo, and Singapore.INS founders’ previous experience with Instamart serves as a very solid jump start. We plan to actively engage independent fulfillment center owners to join the INS ecosystem, further accelerating ​expansion ​and ​enhancing ​the ​decentralized ​nature ​of ​the ​ecosystem.

Tokenization of INS system:

The INS token is planned to be the main means for trade for dealing with a wide range of rewards what’s more, one of the methods for payments inside the INS Ecosystem. They arrange for that INS tokens will be acknowledged ​as ​a ​payment ​method ​in ​partner ​services.INS token is used as not only a payment system but also used to reward their customers and offer some loyalty programs at the sole discrimination of the manufacturer.

INS token is an ERC20 token which has been built on Ethereum platform. As the existing blockchain platforms such as Ethereum have inherent limitation in transaction bandwidth (currently limiting to a dozen tx/sec), and prospective platforms and frameworks are only in the development stage, INS also consider designing and developing their own INS blockchain platform in the future, where nodes are selected from a semi-trusted set of supporters. Given the trust in the nodes, INS Ecosystem will implement one of much faster consensus algorithms from the BFT family (HoneyBadgerBFT/Zyzzyva/others), enabling up to thousands transactions per second. A smart contract virtual machine will run on top of the consensus algorithm. The state of the INS blockchain will be regularly anchored to the most popular smart contract ledgers (at least ETH) so that proofs of state and proofs of transaction (within INS) can be verified by Ethereum smart contracts (like it is currently done in BTCRelay or will be done in the future in Plasma). Common optimization techniques such as state sharding and payment channels ​will ​be ​also ​implemented.

CROWDSALE INFORMATION:

Start ​date: 11:00 ​AM ​(GMT) ​on DECEMBER ​4, ​2017
Payment ​methods: ​BTC, ​ETH, ​LTC, ​DASH, ​USD ​(bank ​transfer)
Soft ​cap: 20,000 ETH Hard ​cap: ​60,000 ​ETH
Token ​exchange ​rate: ​1 ​ETH ​= ​300 ​
INS ​tokens Total ​token ​supply ​(max): 50,000,000
Min ​purchase: 0.1 ​ETH.

INS ​team’s ​tokens ​are ​locked ​for ​2 ​years ​with ​four ​6-month ​vesting ​periods. Advisors’ ​and ​early ​supporters’ ​tokens ​are ​locked ​for ​6 ​months .The Reserve Fund’s tokens distribution will start in 2019 and last for up to 2 years with the primary goal to incentivize new customers to join and accelerate adoption of the INS ecosystem ​by ​broad ​audiences.

MORE INFORMATION:

Website: https://ins.world
Whitepaper: https://ins.world/INS-ICO-Whitepaper.pdf
Telegram: https://t.me/ins_ecosystem
Twitter: https://twitter.com/ins_ecosystem