Cryptoexchange Binance has added trading pairs INS/BTC and INS/ETH. INS is a token of the first distributed blockchain platform for direct interaction between grocery manufacturers and consumers. Blockchain-based platform infrastructure and payment in crypto-tokens allowed to create a convenient service for the sale of ordinary goods without superfluous intermediaries and at lower prices. The project developed by INS Ecosystem.
— binance (@binance_2017) January 15, 2018
The startup attracted 60,000 ETH or about $ 41.5 million during the ICO. The total number of issued tokens — 50 million, 60% of which were sold to ICO members, 20% remain in the reserve fund, the project team owns 15% and the remaining 5% – are for marketing purposes. Now the cost of INS is about $ 9.
The INS token is based on the common ERC20 standard, which is used in Ethereum smart-contracts.
The use of smart contracts allows manufacturers to develop marketing programs for consumers, and not for other trade networks.
Binance is one of the most popular cryptocurrency exchanges. Many traders choose it because of the support of a large number of new promising coins. In addition, the exchange has a Binance Coin (BNB) token, which was used during its own ICO and now available for exchange like all other cryptocurrencies.