A secure infrastructure for decentralized data exchange
Price on ICO
Price on ICO, eth
Feb. 6, 2018
Feb. 14, 2018
ICO is over
Insights Network is a secure infrastructure for decentralized data exchange with a number of applications. According to the plan, Insights Network users would be able to sell their data without disclosing identity information by using smart contracts, which execute transactions between anonymous parties.
The Insights Networks will consists of the following components:
The project will be based on EOS blockchain operating system, which is currently on the development stage. That makes Insights Network the first EOS ICO.
Insights Network will use its own ERC20 token named INSTAR that will be used as the interactive payment currency between the requesters and providers. The value of the tokens will depend upon platform’s activity.
The team includes specialists experienced in business, software and data mining spheres.
Several of the used to work in Facebook and DataFace, which certainly is a plus. From the other side- Insights Networks are still looking for new members as said directly in the project’s white paper.
White paper itself consists of 23 pages only, and the only project demonstration is performed in a 43 seconds YouTube video. At the moment that all seems to be hardly enough for predicting a great future, though the Insights Networks idea is certainly interesting and can gain popularity in nowadays market.
MISSION – To create a trustless decentralized market research network.
Insights is building a decentralized network for the storage of sensitive consumer data accompanied by a platform for organizations to conduct marketing research. Organizations will be able to use the platform to place requests for data on precisely defined target populations existing in the Insights Network.
INS TOKENS & SPECS
The Insights Network is a platform that facilitates transactions between two distinct groups: requesters and providers. Requesters need information from Providers and are willing to pay for it. Our token ecosystem will be driven with INS. INS will be used to pay for data requests from Requesters and to reward Providers. Holders of Insights tokens will be able to place data requests or sell them to people who want to.
INS tokens minted as incentives for early adopters will fuel the migration of existing consumer data into the platform where it becomes under the control and ownership of the consumer. For example, releasing one token for every ten data points a consumer inputs that is successfully validated by our Secure Multi Party Computation partners will drive 900 million accurate consumer data points into the network. This provides a data buffet for the existing $200 billion/year Data Brokerage industry to tap into.
In order to kickstart our ecosystem and continue our development, we will host a token sale and distribute tokens. There will be a total supply of 300 million INS created. 15 million (5%) will be sold in a private pre-sale with a discount. 90 million (30%) will be reserved for the Insights Network Ecosystem. 90 million (30%) will be reserved for the team and future hires.
105 million (35%) will be sold through a crowdsale event via Ethereum smart contract for a max raise of $15 million USD. This crowdsale will run from 12/5/17 through 12/27/17.
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