INS Ecosystem, bridging an ecosystem in the grocery industry.
November 23, 2017 5:46 am,
The grocery industry is one of the most paced sectors. It inevitably constitutes a crackling 50% of a man’s wallet. This supermarket is expected to grow tremendously in the years to come and much of it is expected out of online. However, in many countries, since there are only a handful of retailers, they abuse their power to loot the common man. So, until now, it was what we call the pull paradigm. With the introduction of INS Ecosystem, there came into picture direct communication between consumers and manufacturers.
INS Ecosystem does the admirable function of giving consumers direct access to manufacturers. An add-on to this is competitive pricing and convenient home delivery facility.
The system has already received a lot of support from the consumer community alongside interest from some of the largest grocery manufacturers.
Now the question arises as to how INS works.
So basically, first the consumer’s orders are placed with the INS platform and the same orders are requested to the manufacturers. The manufacturers, in turn, deliver these orders to the smart distribution centers, which at the final stage are couriered to the consumers.
They are powered by blockchain and offer a variety of smart contracts to facilitate operations. Blockchain and smart contracts together provide INS with decentralization, supply chain records, fair pricing, INS tokens, marketing campaigns, lower transaction fees, transparency, anonymity, and fair listing.
Let’s now get into the tokens:
The INS tokens will be handling all types of marketing and rewards as well as one of the means of payment within the INS platform.
Token symbol: INS
Start date: 4th December 2017
Hard cap: 60,000 ETH
Soft cap: 20,000 ETH
Minimum purchase: 0.1 ETH
Token exchange rate: 1 ETH= 300 INS
Project protocol: ERC20
Payment modes: BTC, ETH, Litecoin, Dash, Bank transfer.
Total token supply: 50,000,000 INS
Learn more here: https://ins.world/
In-depth knowledge: https://ins.world/INS-ICO-Whitepaper.pdf
The token will be used for:
- Manufacturers = Rewards: ?loyalty, promotion, cross-marketing, feedback and for minimum balance holding.
- Consumers= Payment for orders.
- INS= Referral ?rewards ?to ?consumers
The advantages of this ecosystem are listed under:
Benefits to consumers:
- High-quality groceries cheaper than in stores.
- Groceries can be purchased online seamlessly.
- Unlimited access to suppliers of choice.
Benefits to manufacturers:
- Full control of product listing and pricing.
- Marketing and promotion directly to consumers.
- Fast and detailed feedback from consumers.
We all know who’s the best, don’t we?
Bye-bye high-priced retailers.