Powering the global services marketplaceTo facilitate transactions on the Instance platform, as well as offer incentives to other eco-system stakeholders, Instance is planning a blockchain solution powered by Instoken. It provides a standardised and universal payment currency, eliminating the need for currency exchange and costly transaction fees across different economies.
To quickly give you an idea, watch this trailer:
https://vimeo.com/284857280Building a comprehensive Eco-SystemWe believe that society lacks a comprehensive solution. A singular ecosystem of Services Marketplace that allows customers to browse, review, compare and evaluate credible providers, coupled with a platform that lets them visually connect in real-time, elevating the element of trust and comfort.
SOLUTION
Blockchain Enabling the Instance Ecosystem
The use of smart contracts on the blockchain enables functionality with Instance that other digital platforms cannot perform. Through the 3 pillars of the Instance App, participants in the Instance ecosystem will truly experience an effective global service marketplace. The Instance Ecosystem is made up of:
Instance Payment Protocol
Payment is at the core of everything as it facilitates transactions between consumers and service providers on the Instance marketplace. Smart contracts on the Instance marketplace are the engines to fuss-free payments. For each service engagement, both consumer and service provider are required to send Insta to activate the smart contract. Rules, such as refunds for cancellations, time period to cancel before no refunds are issued and potential impact on reputation will be decided by Instance’s artificial intelligence engine based on factors such as the consumer’s or service provider’s history and reputation. With these in place within the smart contract, both consumers and service providers will then be able transact freely and with a peace of mind.
Instance Reputation Protocol
Decision making is mainly driven by the reputation of the two transacting parties. Consumers are often concerned about the trustworthiness and the quality of work of service providers. At the same time, service providers are typically concerned about consumers’ tendency to cancel on appointments. If a service provider receives too many customers that cancel at the last minute, the service provider’s revenue will be severely impacted. The Instance Reputation Protocol, a mechanism to be developed to address the above issues aims to ensure that both consumers and service providers can be taken care of.
Instance Arbitration Protocol
In digital marketplaces, dispute resolution is always a painful, time-consuming process for both consumers and service providers. Through the Instance Dispute Protocol, a dispute resolution mechanism to be developed, marketplace participants can expect a fuss-free dispute resolution process. When a dispute occurs, the Instance Dispute Protocol will be activated and all Insta previously transferred to the smart contract will be locked until the dispute is resolved.
Instance App
A face-to-face conversation environment
Instant help with no need for the merry-go-round of emails or chats
Elimination of miscommunication & uncertainty
Video calling to increase comfort level
Attachment of documents & photos for clearer presentations
Recording of call & video history
Blockchains of smart transactions to safeguard payment between parties
Comprehensive rating system
TOKEN SALE PHASES
Angel Round- 1st June 2018 to 31st August 2018 (On-going)
Allocation: US$3million
Tokens offered: 60 million INSTA
Bonus Tokens: 30%
Accepted Currency: ETH
Minimum Contribution 10 ETH
Bonus Lockup: 6 months
Early Backers Round- 1 September 2018 to 30 September 2018
Allocation: US$5million
Tokens offered: 100 million INSTA
Bonus Tokens: 20%
Accepted Currency: ETH
Minimum Contribution 5 ETH
Bonus Lockup: 6 months
Pre-ICO Round- 1 October 2018 to 31 October 2018
Allocation: US$7million
Tokens offered: 140 million INSTA
Bonus Tokens: 10%
Accepted Currency: ETH
Minimum Contribution 3 ETH
Bonus Lockup: 6 months
ICO Main Sale Round- 1 November 2018 to 15 November 2018
Allocation: US$5million
Tokens offered: 100 million INSTA
Bonus Tokens: NIL
Accepted Currency: ETH
Minimum Contribution 1 ETH
Bonus Lockup: NIL
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