💥🚀[ANN] INSOLAR - Distributed Business Networks

[l0uisStanley]

What happens if a friend sends me some of his insp tokens? Will he lose than some Bonus or will we Profit Both?

[Dmitriy_support]

What happens if a friend sends me some of his insp tokens? Will he lose than some Bonus or will we Profit Both?

Hello! You both will gain the bonus! INSP tokens are created not only in means of gaining bonus for one concrete person but also in means of sharing and providing this bonus to friends!

[TentallyMooN]

In which ways the company will gain money?Will you burn tokens in future during the every transaction?Project looks like very perspective.So can I contribue before ICO start or what r u talking above?

[Dmitriy_support]

Could you please explain, why you need decentralized scheme here, how it is implemented and what are benefits of it in your project? Thanks

INS is implementing a decentralized ecosystem enabling consumers to save up
to ​30% ​on ​everyday ​shopping ​buying ​directly ​from ​grocery ​manufacturers.
The first milestone is the implementation of the decentralized INS platform. We always
welcome feedback from the community regarding the specifics and plan to continually improve
the ​platform ​to ​make ​it ​fully ​secure ​and ​transparent.
The main part of the decentralized platform will be implemented as a set of smart contracts
carrying ​out ​the ​behaviors ​described ​in ​the ​INS ​platform ​section ​of ​this ​document.

[Cherrywins]

I just think that this whole system could work without blockchain technology. What is the document you are referring to? White Paper?

Also, where can I try the prototype of your system?

[Dmitriy_support]

In which ways the company will gain money?Will you burn tokens in future during the every transaction?Project looks like very perspective.So can I contribue before ICO start or what r u talking above?

The manufacturers that have already expressed their interest will (extremely likely) , during the initial stages of our project, use their immense marketing/advertising channels to support the development and adoption of our system.
We will not have to promote it alone,as a standalone platform without partners. It can be represented as a new and convenient way to buy the products that consumers already like and perhaps new ones that manufacturers will gladly present on our platform.
- You have to take into account B2B sales as well, when thinking of our customers. Very often companies (represented by office managers for example) need regular deliveries to provide catering to their office spaces. That is a very good case which in our opinion can demonstrate the efficieny of our platform too, not just regular shopping experience.
Unsold tokens will be burnt only after ICO.
You can deposit now to become an erly bird and get bonus.

[Dmitriy_support]

I just think that this whole system could work without blockchain technology. What is the document you are referring to? White Paper?

Also, where can I try the prototype of your system?

The blockchain is an ideal fit for this model since it allows one to record the flow of goods and sync the parties together.
Blockchain enables us to trim costs. It shortens the supply chain and creates a decentralised environment with more options and lower prices than traditional retail.
Yes, White Paper.
We’re excited to soon share more news on our platform and greatly look forward to launching our working prototype in the coming weeks.

[Cherrywins]

Thanks for the answer! I really like your project. When do you estimate to start your project in Russia? I am curious to try it!

[Dmitriy_support]

Thanks for the answer! I really like your project. When do you estimate to start your project in Russia? I am curious to try it!

We plan to choose cities for expansion based on the population size, income level and grocery market concentration ratio. The preliminary list of target cities includes New York, Los Angeles, London, Paris, Hong Kong, Seoul, Singapore and Tokyo. We plan to actively engage independent fulfillment center owners to join the ecosystem accelerate expansion and enhance its decentralized nature.
Thanks for your support!

[RaltcoinsB]

Hello there. I joined bounty while jr member. I am member today. I want the stake amount to be updated as a member. Thank you.

[Dmitriy_support]

Hello there. I joined bounty while jr member. I am member today. I want the stake amount to be updated as a member. Thank you.

Here you can ask all about bounty https://t.me/joinchat/BxVKx0P0NsAeSZs1EPZ9Sg

[naaktslak5]

gr8 idea. but the token is expensive, especially when eth is rising further.

[maryhansenn]

Hi can somebody explain: the relationship between INS and Ethereum, and how they will effect each other?

[Dmitriy_support]

gr8 idea. but the token is expensive, especially when eth is rising further.

Well, no one could predict ETH rise. The minimum purchase is till the same 0.1 ETH=30 INS tokens

[Dmitriy_support]

Hi can somebody explain: the relationship between INS and Ethereum, and how they will effect each other?

The INS platform is designed as a very high-load system. The market potential for the INS ecosystem consists of billions of users, each of them making dozens of orders per year. The main focus is on performance, in which we seek smart contracts support, predictability, stability, and ease of use. We plan to use the most proven and scalable open source technologies and constantly ​monitor ​alternative ​technical ​implementations.
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, we also consider designing and developing our own INS
blockchain platform in the future, where nodes are selected from a semi-trusted set of supporters. Given the trust in the nodes, we 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.

After the ICO period, all contributors will receive the ERC20 compatible INS token on the Ethereum network. After launching the INS platform on own blockchain platform or a blockchain platform that will be chosen from the list of suitable alternatives, a token native to that platform
will be deployed. The ERC20 compatible INS token will be exchanged 1-to-1 with a native INS token.

[Dmitriy_support]

Blockchain-based Grocery Supply Chain: Announcing Ambrosus Partnership
https://blog.ins.world/blockchain-based-grocery-supply-chain-announcing-ambrosus-partnership-f44732ff78ab

[miningguru]

With the increasing price of ETH whether token will be same because many people will be spending more money than before 1ETH = 300 INS. I think you need to take measures for this because mostly your token value is nearly 1.5$ at the time of ICO.

[Dmitriy_support]

With the increasing price of ETH whether token will be same because many people will be spending more money than before 1ETH = 300 INS. I think you need to take measures for this because mostly your token value is nearly 1.5$ at the time of ICO.

Thank you for your feedback! Well, no one could predict ETH rise. But the minimum purchase is still the same 0.1 ETH=30 INS tokens. Please keep in touch.

[Coconutballs]

Very interesting concept and partnered with big names already.
I just have some concerns about the solution of product delivery.
But I read in the whitepaper that you're in contact with couriers.
Hope this one will do great.

Thats a good call and problem is significant. And we definitely have to help suppliers solve it. But our first step is to implement services and logistics at user and smart disctibution center sides + give suppliers tools for listing products, selling products, running promo campaigns, accounting and so on.

The blockchain is an ideal fit for this model since it allows one to record the flow of goods and sync the parties together. Importantly, we also enable manufacturers to run bespoke loyalty programs directed at consumers and run on smart contracts. Smart contracts support any logic they want to code in the reward - once the customer has met the conditions, the system unlocks INS tokens as a reward. INS tokens could be further spent on the platform to buy groceries or be sold on an exchange. Blockchain enables us to trim costs; it shortens the supply chain and creates a decentralised environment with more options and lower prices than traditional retail.

The logistics are also my main concern with the INS ecosystem. I think the current system (in general manufacturer -> whole saler -> retailer -> consumer) is already quite efficient distrubition wise. Whole salers and retailer take their cuts, however if you remove them from the system transportation cost would increase significantly. I see the whole salers and retailers as a very important part of the distribution chain.

I don't see what replacing retailers with smart distribution centers would achieve. Smart distribution centers will be more focused on storage of goods untill the consumer picks them up as opposed to the shopping experience that retailers offer? In my country we already have this inside many retail stores (online shops deliver goods to an unrelated retailer and pay a storage fee to them). This is not new.

Another concern I have with groceries is the following. In my country it is possible to order groceries online and have them send to you directly. However, this is not really taking off because consumers want to see the quality of groceries in real before they buy it (vegetables, fruits, meat, etc.).

[Demirung]

Thanks for the answer! I really like your project. When do you estimate to start your project in Russia? I am curious to try it!

We have bad delivery infrastructure in Russia
I think we will see INS in russian regions very soon.Check the team dude