Where To Buy INS Ecosystem Tokens?
We would recommend using an established exchange platform such as Binance. You can either choose to store them on the platform or withdraw them and keep them in a personal wallet. If you are looking to hold for INS Ecosystem RLC tokens longterm, then move them off the Binance platform. If you are new to Binance, carry on reading this article for a step-by-step guide on how to use this trading platform.
Where To Store INS Tokens?
Within this guide, we will be making use of the easiest and most handy wallet for storing your INS Ecosystem RLC coins. MyEtherWallet (which can store any coin ERC20 Tokens, including INS Ecosystem RLC). For added security, we would strongly suggest using a hardware wallet such as the Trezor or the Nano s Ledger.
Sign-Up To Binance To Buy INS
Enter your email and a strong password (that you won’t forget!) and then Click ‘Register’. You will be sent an email to confirm your email address. Click the link in the email. If you can’t see it, then check your spam folder.
You will be taken back to Binance as your email is confirmed. Press ‘Login’. On the login form, enter the email and password you just used to sign up, then press ‘Login’.
A pop-up will advise you to set up 2FA (two-factor authentication) on your account. We strongly recommend you set up 2-factor authorization (2FA) on your account.this second level of security makes it very unlikely they will be able to get into your Binance account.
Add Funds To Binance
Hover your mouse over ‘FUNDS’ on the top menu and click on ‘Deposits Withdrawals’. This screen displays any coins which you have stored on Binance – you will need to deposit some. I would suggest using Ethereum due to the lower sending fees. However, you can deposit other coins. If you already own some ETH, then great, if not, check out some of our recommendation on where you can buy Ethereum.
Type ‘Ethereum’ in the search box. This will narrow the wallets displayed to just a few- in those, find Ethereum. Press ‘Deposit’ You will be given an Ethereum (ETH) deposit address. Make sure you have the correct address. If you send a currency to the wrong address, it will be lost forever. (The image below show LTC – this is for example purposes only).
Using Binance To Trade INS
The exchange page on Binance might appear too much to handle to start with, but don’t worry, you only need to use a small part of it.
There are 2 methods for buying coins on Binance:
- A ‘Limit’ order, which enables you to manually set the price you want to buy INS at.
- A ‘Market’ buy, which fills your order automatically at the best price available. The price may have spiked at that time, so be careful not to overpay. If you like the price then go ahead and use this method. Above the Buy INS’ button, click the ‘Market’ option.
In the input box marked ‘Amount’ you now need to fill out what number of INS you want to buy. It could be simpler to use the percentage buttons below the input box – for example, press 50% if you’d like to exchange 50% of your Ethereum for INS.
Once you’re satisfied with the quantity, press the buy button. Your order will be filled immediately.
Withdrawing Your INS Tokens From Binance
If you’re happy with it, you can just leave your coins on Binance and they would in all probability be safe. On the other hand, exchanges have been compromised in the past, and users have lost coins, therefore we do suggest you keep them in a personal wallet. (The image below shows LINK coin – this is for example purposes only). Ensure you have selected INS.
- Press ‘Funds’ along the top menu, then ‘Deposits Withdrawals’. In the search box, type INS. You will now see your new INS in your INS wallet.
- Click the ‘Withdrawal’ button.
- In the boxes that appear, complete the information:
- Label: Write ‘My wallet’
- Address: Put the wallet address that you copied from MyEtherWallet or any other ERC20 wallet that supports INS.
- Amount: Press the ‘Max’ button to send all your INS.
When you’re positive all information is accurate (check you’ve inputted the correct wallet address!), press ‘Submit’. If you’ve set up two-factor authentication, you will be asked for a code from your phone. Enter it and press ‘Submit’. You will be sent an email to confirm the withdrawal. Go to your email and click the link that’s been sent to you.
What Is INS Ecosystem?
NS Ecosystem is the global decentralized grocery marketplace powered by blockchain and smart contracts. INS will allow customers to purchase products straight from manufacturers. As a result, they will enjoy low transparent prices and save money on direct promotions.
The problem INS Hopes to Tackle
Global grocery retailers have attained a dominating business as well as high concentration. They’ve got greater influence over manufacturers and consumers. Consequently, this limit consumer choice and control over costs. Manufacturers have been forced to optimize for the retail supply chain, not quality, and expend 17% of their costs on trade marketing.
The INS solution#
The only global decentralized online manufacturer-to-consumer platform. This will allow consumers to purchase directly from manufacturers without the intermediation of retailers, powered by a self-regulating community of consumers and manufacturers. The INS smart contracts enable manufacturers to run bespoke loyalty programs – rewarding their customers with INS tokens.
How the INS ecosystem will work
All manufacturers will be able to list and sell products directly to consumers, gain feedback from customers and compensation loyal customers. Blockchain and smart contracts are employed to make the supply chain a lot more efficient, cuts costs, and power loyalty programs. The INS ecosystem is scheduled to be deployed in the biggest cities around the world with all the necessary infrastructure so it will be operational.
The INS Roadmap
For more information, take look at the whitepapaer here to see what INS has planned for the future.
- Q1 2018: Development of the INS Platform.
- Q2 2018: Development of the INS consumer & fulfillment apps and interfaces.
- Q3 2018: Development of the supplier SDK.
- Q4 2018: Launch of the platform.
- 2019 and beyond: Geographical expansion and growing the ecosystem.