Insights Network is a platform that allows its users to manage the data they create in the real-time data market. In this article, as Kriptokoin.com, “What is Insights Network?” We will answer the question. In addition to these, we will touch on all the questions about the project.
What is Insights Network? What does INSTAR do?
It is a blockchain-based data exchange platform that allows them to manage and generate income from user data in the data market. It is also defined as the “marketplace”. This marketplace is built on the EOS Blockchain. Located on top of the Insights Network protocol, the marketplace is powered by the network’s native cryptocurrency, INSTAR. INSTAR Blockchain uses EOS open source software and sMPC technology for data exchange.
The platform is fully operational, decentralized and leverages a delegated proof-of-stake (DPoS). The native cryptocurrency of the platform is INSTAR. It was developed by the network team that built the blockchain. It is located on the EOS Blockchain. Users can earn INSTAR Token by participating in data exchange with permission on Instars platform. On the other hand, INSTAR; The website is used to access assistance such as surveys, access to research reports and market research. Token, which also has a “payment” function; To date, it has been used to pay more than 307,728 people in 166 countries for data exchange.
What is the purpose of Insights Network?
The main purpose of the platform; to create a reliable and decentralized market research network. According to the platform’s own statement; Over 200 billion dollars of data is exchanged each year in a fair and non-transparent way. Data “brokers” continue to collect data about people from different sources, online and offline. But people do not take any share from this situation. On the contrary, it faces negative consequences. Insights Network, which comes into play in this regard, offers a decentralized infrastructure where individuals and organizations can exchange reliable, harmonious and mutually beneficial data. This infrastructure and decentralized storage enable consumers to store their data securely.
How to buy INSTAR?
Among the exchanges traded with INSTAR; Binance is located. These steps are followed to buy coins. First of all, access the web/mobile application of the INSTAR listed exchange that you have chosen as the first step. Then complete the account opening steps. Complete the next step, the authentication and approval process. Follow the steps of the exchange, which is the next step, to deposit funds. As the last step, choose INSTAR with the balance you want and create a purchase order. Store it in your trusted accounts.
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