💥🚀[ANN] INSOLAR - Distributed Business Networks

[Dmitriy_support]

How long will be the ico if you will not reach the hardcap immediately? 200000 eth is a big amount and reading your whitepaper seems a nice project

ICO campaign will start on November 27 11:00 AM (GMT) and end on December 25 11:00 AM (GMT), 7 days after reaching the target (150,000 ETH)

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[xanadue]

It is only 28 days, not so much. How many INS tokens are you planning to distribute?

[Dmitriy_support]

It is only 28 days, not so much. How many INS tokens are you planning to distribute?

The maximum token supply is 150,000,000. The exact number of tokens generated depends on the contributions amount. No token creation, minting or mining will be available after the end of the ICO period.

[xanadue]

INS is decentralized system, does that mean that you have no restriction or limitations for ICO participants? Anyone can take part in it?

[Dmitriy_support]

INS is decentralized system, does that mean that you have no restriction or limitations for ICO participants? Anyone can take part in it?

Unfortunately we currently don’t plan to market our ICO towards the citizens of China, North Korea and other countries with unfavourable legislation or potential risk of ban of cryptocurrency-related activities. Therefore, they are not allowed to participate in the ICO.

[Dmitriy_support]

By the way, U.S. citizens can’t participate in the sale of INS tokens in connection with current legislation of the United States. You can participate in INS ICO if you are not a U.S. citizen or don’t reside permanently in the United States, or you don’t have a permanent residence in countries such as Puerto Rico, the Virgin Islands, and other territories where the United States legislation is applicable.

[ned61thornton]

I am a bit worried that I might not have enough ETH... Can I use USD instead? Or maybe other national currencies?

[Dmitriy_support]

I am a bit worried that I might not have enough ETH... Can I use USD instead? Or maybe other national currencies?

There is no need to worry.
Wire transfer (USD) will be available, for that you will have to create an invoice specifying the currency.

[xanadue]

It is only 28 days, not so much. How many INS tokens are you planning to distribute?

The maximum token supply is 150,000,000. The exact number of tokens generated depends on the contributions amount. No token creation, minting or mining will be available after the end of the ICO period.

We are as consumers will use INS tokens to buy products, that is clearly stated. Will be there any other ways to use tokens? Will be there any reward programme if I spent certain amount of tokens in a month, for instance?

[UserMT1]

This platform use eth or own platform?

[Dmitriy_support]

This platform use eth or own platform?

All​ ​contributors​ ​will​ ​receive​ ​an​ ​EIP20​ ​exchangeable​ ​INS​ ​tokens​ ​on​ ​the  Ethereum​ ​network.​ ​Whenever​ ​the​ ​INS​ ​blockchain​ ​is​ ​launched​ ​with​ ​its​ ​own​ ​token​ ​mechanism.

[regina2020]

Who is the ecosystem going to work? i mean how to shop there?

[Dmitriy_support]

Who is the ecosystem going to work? i mean how to shop there?

When INS Ecosystem is up and running in your city it works pretty simple. You make order on the website or in mobile app. Manufacturers deliver their products to smart distribution center closest to your delivery address. Distribution center staff pack your order (products from different manufacturers -> 1 box). Courier delivers your order.

[JaneAcker361]

Can I invest right now?

[Dmitriy_support]

Can I invest right now?

No, you can only get whitelisted now, as the INS ICO starts on November 27th, 2017.

[Vaerros]

What the point of smart contract?

[Dmitriy_support]

What the point of smart contract?

Smart contracts are self-executing contracts with the terms of the agreement between buyer
and seller being directly written into lines of code. The code and the agreements contained
therein exist across a distributed, decentralized blockchain network. Smart contracts permit
trusted transactions and agreements to be carried out among disparate, anonymous parties
without the need for a central authority, legal system, or external enforcement mechanism. They
render ​transactions ​traceable, ​transparent, ​and ​irreversible.

[mariam.maryana]

What the point of smart contract?

Smart contracts are self-executing contracts with the terms of the agreement between buyer
and seller being directly written into lines of code. The code and the agreements contained
therein exist across a distributed, decentralized blockchain network. Smart contracts permit
trusted transactions and agreements to be carried out among disparate, anonymous parties
without the need for a central authority, legal system, or external enforcement mechanism. They
render ​transactions ​traceable, ​transparent, ​and ​irreversible.

And how it works technically?

[Dmitriy_support]

What the point of smart contract?

Smart contracts are self-executing contracts with the terms of the agreement between buyer
and seller being directly written into lines of code. The code and the agreements contained
therein exist across a distributed, decentralized blockchain network. Smart contracts permit
trusted transactions and agreements to be carried out among disparate, anonymous parties
without the need for a central authority, legal system, or external enforcement mechanism. They
render ​transactions ​traceable, ​transparent, ​and ​irreversible.

And how it works technically?

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.

[mariam.maryana]

Oh, it will be interesting with your own blockchain platform, I want to see it already!