|Name:||INS Ecosystem (INS)|
|Total Supply:||(50,000,000 INS)|
INS is decentralized ecosystem dedicated for grocery industry enabling consumer to save up to 30% by shopping directly from the grocery manufacturers.Consumers and Manufactures direct interaction is more personalized and transparent at the same time is cheaper by not using wholesalers and retailers.Using INS token Manufacturer can run program on smart contract to reward their customer similar based reward programs of many airlines cheaper to run and more advanced using INS smart contract.Grocery industry is defensive one which means that it tends to stay stable in good and bad economic time it also grow at a 6.1% annually from 2016 to 2020 and estimated will reach at $8.5 trillion in 2020.The concentration of grocery retail markets is high throughout the world.As the market becomes more Concentrated, competition gets weaker and prices of grocery products rise.The INS target segment online grocery is expected to grow from $98 billion to $290 billion in 2020 because INS is well equipped to lead the online grocery the addressing key of it is consumer demand – cheaper prices, higher convenience, better quality, and unique rewards directly from manufacturers.The important grocery purchasing decision for is consumers is the price next product quality INS will enable consumers to buy high-quality groceries at cheaper prices and receive direct rewards from manufacturers, thus driving consumers to buy groceries online with convenience.
Benefits of using INS token?
The Benefits of Consumers is they can buy cheaper product shopping directly grocery manufacturer can save up to 30% and can buy groceries online with convenience shop directly in the website and apps while not burdening consumers in limited choice and high price By using INS platform consumers can buy high quality product at low price and get rewards from manufacturer directly can also earn by participating in referral system.
The benefits of Manufacturers is they can run loyalty program to reward their customer directly and it can positively affect manufacturer rating and trust by the consumers by not using wholesalers and retailers at the same time manufacturers will not spend heavily on trade marketing.Marketing is the second largest expense for manufacturers after the cost of the good 70% or marketing is spend on wholesalers and retailers trade channel most of the trade of marketing campaign are leading to higher grocery prices.
The INS platform is a decentralized marketplace that allows manufacturers to join, publish their products for sale, carry out promotion and loyalty campaigns, and get feedback from consumers. It enables consumers to order those products and facilitates the order fulfillment process.The INS ecosystem will become the first global decentralized grocery marketplace where consumers can buy products directly from manufacturers, enjoy low transparent prices for a wide range of high quality products, and save on direct promotions. Manufacturers compete for consumers and interact with them directly.
INS Smart Contract
INS 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 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.smart contracts provide the tools and framework to create a new generation of marketplaces where supply and demand sides can engage in trusted trading transactions, according to various business rules, without the need of a central brokerage entity.Consequently, the same way online marketplaces disrupted many traditional brick and mortar businesses, smart contracts will give birth to a new kind of peer-to-peer marketplaces that will unsettle the current ones
If you want to learm more about INS you can join their telegram group https://t.me/ins_ecosystem or read their whitepaper https://ins.world/#documents.