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Dec 21 2017

Bankex: Building The New Business World With Digital System

In this globalization era, the business world grew up fastly. As we know that nowadays all the life aspect has done on a digital basis, especially for economic aspect. The blockchain technology has made many changes to the world. This is brought out the best for world cryptocurrency community. In another hand, the development of blockchain technology and cryptocurrency also arising the problems. But, it doesn’t mean the development of blockchain will be stopped. The financial technology companies innovate the product in tokenization format.  One of these innovations is Bankex. Bankex is blockchain platform with smart contact multifunction which build Proof of Asset Protocol (usually know as Liquidity Protocol). The mission of Bankex is to improve the liquidity to an asset which has the underrated value because it’s become the new way to operate the traditional financial market.

The liquidity problem is one of the fundamental hurdles to financial progress.  Regardless of the company has enough resources which can consider as the sources of capital inflow when exchanged in the traditional budget market, it means that case can categorize as noneffective liquid. Bank and large company solve this problem with securitization. But, this procedure might take lots of time. It needed up to half a year and need the cost for about $300.000 to $1.000.000.000. This procedure also not feasible for SMEs. Besides that, it is not relevant anymore, because the traditional system already changes into the business world with digital system. So, the problems also should be faced through digital ways too.

Based on that case, the Bankex build as the answer for the world society needed. Bankex has developed the solutions for the financial problem. The main product of Bankex is PoA Protocol which has the goal to allow the investors solve their asset liquidity problem. This protocol combining Bank as a Service (BaaS) and blockchain technology, which is then summarized to be four main operating steps, there are digitalization, tokenization, assets trading, and transaction. One of the unique feature that PoA Bankex is capable of tokenizing all assets. The tokenization has many benefits, for example, the tokenization in a construction project that possible to involve many investors individually to contribute themselves toward the project, so the tokenization is needed to make easy in dividing the investment result.

Bankex was built for bank exchange; it can describe the platform which is bank can exchange their product. Through this platform, the market will force the certain business to change become the business world with digital system. This is the modernization of validation mechanism, the input and output cash listed in blockchain using Proof of Asset (PoA) Protocol, this way makes the financial seen more transparent and easy to understand. Besides that, by using this mechanism, the cash will be faster and easier to access. Bankex will help the businessman, bank, investors and all the relevant parties to control their finances.

How The Bankex Working?

The working of Bankex consists of four main operating steps, digitalization, tokenization, assets trading, and transaction. Before doing the transaction, the investor should register himself using MyEtherWallets account or MetaMask account. They obliged to follow steps by steps and joining the token sales before. For the details, please learn the tutorial below.

To explain the Bankex working as PoA Protocol, start with some steps of verification and validation process. By operating the Bankex, it’s possible to create the business world with digital system with simple requirements, and borderless of the country.

  1. First, the Bankex will collect the information about the item sell and the owners of the item. This steps will do through identifying the wallet account, email and checking the KYC (Know Your Customer). This stage is important to know the capability and integrity of sellers; it has the goal to prevent the fraud. After verifying, the client can upload the information about the items.
  2. Bankex checks the available asset, location, and other information for details. This steps can be done by using Internet Things (IT) radar. Then, Bankex checks the requirements and delivery clause in jurisdiction specifically (include tax and logistic terms).
  3. Bankex input all the information into a formula that changes into data which can input to be a smart contract. On each asset change into certain formula (such as equity, car, the office room, etc.). By using the Bankex protocol smart contract replace with a smart asset.
  4. Smart assets are verified by Bankex, in certain cases the verification done by an Expert review. Then, this platform created tokens from the value and price through some product filtering. This stage has the goal to make the buyers easier to find the product in the Bankex market.
  5. Bankex was placing the token of the item in the market and start to adjust the supply and demand. After the seller and buyer gather, then they decide the final price. Product with token form send to buyer and seller will get the token from Bankex.
  6. It’s important to know that the benchmarks in a smart contract are the data about location, customs, the owner’s, etc. Now, Bankex can get the buyer information and also can send the item to the third party (in this case is distributors) to deliver the item to the buyer.

For the information, the token sale since opened in 2016 the soft cap tokens point is 20,000,000 BKX tokens, retail cap point is 80,000,000 BKX, and the hard cap point is 220,000,000 BKX tokens. The earlier, in pre-ICO Bankex successfully earned $1.5 million. The Bankex token will be used within a transaction in Bankex platform, and total tokens that will be sold to the public is 30 million tokens.

The Bankex Programmes

the development of Bankex has three main orientations, the smart asset core, R & D and Educational program.

  1. The Smart Asset Core Program

The main function of Bankex is creating the technology to build the Proof of Asset (PoA) Protocol. The Bankex Lab will do the integration and cooperation with some partners such as banks, and financial institutions. Until now, Bankex was doing a partnership with ten client Russian Bank and get the achievement as TOP 50 Startup Fintech World. Besides that, this company also get the grant from Microsoft Azure $120K. From some achievements mentioned, it describes that Bankex team also have the high commitment to building this platform better and giving the best services for all around people. Through smart asset core programme, the goal of creating a new business world with digital system will be achieved.

  1. Research And Development Program

Another task in Bankex is to search and find the new technology to complete the Bankex project. For example, it requires the new invention of algorithms to do the project like in Hackathon, Canada. Through the Research and Development Program, hopefully, the people will get the transparency of certain project. It’s going on to achieve the trust from society, especially the user. Besides that, this program also gives a chance to bankex to recruitment experience programmer to join and work in Bankex company.

  1. Educational Program for Blockchain Technology

This program engaged in education aspect, as we know the blockchain specialist for lately this year has increased. This program has the orientation for:

  • Writing the articles about blockchain technology with the aim to introduce this technology to people.

As we know that the blockchain, Bankex, and Proof of Asset (PoA) Protocol are the new things in the business world. The Bankex also provide the education sites for people who want to know more about blockchain itself. Not only to introduce but hopefully, the people also understood and interest to contribute to Bankex.

  • Holding the education course

Education course has the function of socialization what blockchain is, how to use and joining blockchain business. The education course as a follow-up the writing article program, so the people not only get the information from articles but also doing the practice and involved inside. Slowly but surely, this is one of the ways to go to the business world with digital system.

By joining the Bankex, the people will get the benefits from it. The best team behind Bankex are super committed to their works. They are Griffin Anderson, Peter Crampton, Chris Skinner, Peg Reed, Gabriele Columbro, David Wachsman, Nehemia Kramer, Sergey Sergienko, and Makoto Takemiya. This platform allows you to create the new financial product that integrated with lots of technology as the solution. In one side, this platform creates the different jurisdiction with different technology become unite. In another side, fintech company wants to launch the new product or extend their market. By building Bankex, they can do and achieve their goal quickly, more effective and don’t need to do the integration with the law of each state. To go to the business world with digital system, Bankex is the real solution that proven become the profitable platform to implement for investors, businessman, bank, and all the parties who want to improve their finances.

For further information, please kindly access:

Links

  • Ann Thread: https://bitcointalk.org/index.php?topic=2013627.0
  • Website: https://bankex.com/en/
  • White Paper: https://bankex.com/en/whitepaper

Social Media:

  • https://twitter.com/BankExProtocol
  • https://web.facebook.com/BankExchange/
  • https://t.me/bankex

By admin • Business Tips and Ideas • • Tags: bankex, building, business, digital, system, world

bankex

Dec 19 2017

BANKEX As A Future Platform For Better Asset Markets

The problem with the asset market usually begins with liquidity. The problem has always been an unavoidable problem in traditional asset markets. Therefore, a decentralized system is needed to create a new standard that addresses various issues related to liquidity in the asset market. The decentralized system should also be pursuing an innovation for the realization of an asset market with a high degree of accuracy.

The platform builds to make a decentralized capital market. The BANKEX platform also creates the Internet of Assets (IoA) based on Bank-as-a-Service (BaaS) principles and is supported by the Internet of Thing (IoT) technology and Artificial Intelligence (AI). As a new standard, the protocol is open to third-party Fintech providers and all of the previous financial institutions.

As a platform that seeks to become an organization that brings together financial market members to build a community, BANKEX implements the Proof-of-Asset Protocol that can benefit from the use of shared assets. PoA can solve the problem of assets that can not be understood by traditional liquidity. PoA, in essence, is a combination of BaaS and blockchain technology in the system to help the development of better transactions.

BANKEX ecosystems are created to produce Fintech and Tokenizing products on financial assets. PoA can be applied for approval of BANKEX foundation in Smart Assets. PoA offers a kind of solution like an instant audit of an asset. With the PoA, every investor will be aware of the status of the invested in each company and non-public assets. Indirectly the application of the PoA system will demand the market to change regarding lawyers, accountants, auditors, banks, and collectors.

In the end, each system is built just to facilitate users and increase the benefits that may be obtained by everyone. Increasing the amount of information on commercial operations is a new opportunity for the development of the AI economy. The growing knowledge of technology will make all facilities established at the lowest possible cost. All parties work competitively to achieve economic value for the benefit of modern society.

BANKEX as a Decentralized Modernized Financial Markets

One business model that enables the development of a new financial system is BaaS. That is because Baas has integrated with existing technology following the law and jurisdiction. The Fintech company also wants to launch a new product that is expanding into new markets. The inventor of BaaS was initially the front store, which built access to end clients such as banks, Fintech companies, internet platforms, stock exchanges and insurance companies.

 BaaS can retain clients since the beginning of its development as it provides cutting-edge technology for clients. Besides, the products offered are also very competitive in the market and still maintain the best technology. Fintech is a company in the market with a role to lend solutions to preserve and monetize clients.

The working model applied is the client end model that is considered most beneficial for BaaS. The BaaS platform is an integrated window where corporate clients and retailers can choose and receive the full range of services offered by all types of banks. Besides, clients can also accept all offers related to technology from different countries.

BANKEX is the right platform to maintain the status of a critical element of a monetary economy in the world. Fintech and IT companies must always complement each other in a mutually beneficial way to keep the system running and growing. By complement, each other will enable the emergence of innovation system of new technology making it easier for every user.

Using Microservice and Blockchain Architecture

One of the network modules that can ward off crime attacks is microservice architecture. This architecture can run independently. The approach used is the application structure which will be broken down into several smaller independent internal components. The use of microservice design has several advantages.

Autonomous ownership may vary from each microservice and the ugliness contained in an application. The application micro-component can be developed and tested in autonomous decentralization. Using microservice helps scalability that can be improved. The scalability in question is an independent scale of the other components and the on-demand range.

The supports continuous delivery and distribution of micro components. Users have proven that the use of monologic architecture is more comfortable in implementation, control, and deployment. Microservice crimes require more careful management as they are guided by different servers and use the API. Such an architecture will make it complicated for applications to develop.

Ethereal blockade service uses blockchain architecture. That network is a network that uses the concept of micro-services. The advantages of the system are the advantages and reservations because each job node is autonomous. Besides, service discovery for automatic configuration on network topology. Network capability is extended through other types of micro usage.

The BANKEX liquidity protocol is a series of smart contracts that have been updated. But intelligent contract renewal remains on the link between API calls. The development of BANKEX follows the traditional microservice architecture concepts with Oracle system creation. The established protocols are strictly designed by the principles of micro-services. In this case, the developer calls the contract created as

Blockchain’s Service Architecture. Blockchain services are used in system development because they can automate the transaction chain, increase reliability, transparency of transactions, and remove any form of inefficiency. The blockchain is one of the technologies used in the platform because it can reduce the risk of human error. That will make your business faster and cost less. Blockchain architecture services can build the platform in the best possible way.

The Roadmap Of Development BANKEX

As a renewable system that provides many advantages and conveniences, BANKEX has been developed since 2009. Through a long project trip, BANKEX is ready to be present in the world community as a platform that offers various advantages for the asset market. Its presence has been awaited by the people marked by the many investors who contribute to ICO. At Pre-ICO only funds have reached $ 1.5M. Here is the roadmap for the BANKEX project.

The development of BANKEX began in 2009 when Igor Khmel understood the financial world that will continue to experience global change. To contribute to the economic society and studying finance, he entered Stanford University.

In 2010, Igor Khmel successfully apprenticed at the investment group, Citadel. The team was the most successful funding groups, with most of all the employees knowing the programming language. A main compiling in the perspective of financial market perspective and opportunities is when meeting with Draper Team in 2012 and Bancor’s future advisor. Finally, in 2012 Igor Khmel convinced Herman Gref as the lead of the bank that has highest profit in Europe to make the Innovation of lab Sberbank, led by Igor.

Then Igor Khmel met with Ilham Hatypov and Dmitry Dolgov in 2015 and emerged a deal to establish the BANKEX business as a development of the previous Fintech innovation laboratory. In 2016 BANKEX Fintech Lab started the operations every day and began building a blockchain development department, befriending Sasha Ivanov. In this year the BANKEX group also succeeded in winning the hackathon blockchain that organizes the financial group Life.SREDA, have created some solution to a p2p trading agreement based on Telegram delegates, can get some transactions with Etherum blocks. BANKEX initiated technical interaction with the team from Chrono Bank.

BANKEX and Microsoft agreed to sign a partnership on the development of blockchain technology. Developers receive the sponsorship from Microsoft Azure funds of $ 120000 in February 2017. BANKEX gets the status of the Securities Advisory Adviser. In this year, BANKEX also is a platform with Bank-as-a-Service and join with more than six banks. Furthermore, strategic partnerships are formed with the exchange of M-Deposit.

In July 2017, BANKEX released the PBX token use Ethereum blockchain. Pre Token Sale is proceeds of more than $ 1 500 000. Now, BANKEX has released the demo version with a Proof-of-Assets Protocol, which offers the source of new capital to real assets on the FinTech Platform that signifies solutions for businesses.In this year BANKEX labs managed to achieve profit from the first product. Ecosystem Protocol Evidence BANKEX benefits with Fintech FinDelivery and KYC Smart Asset subsidiaries.

In the year 2018 is planned to reach KYBAN BANKEX Adapters and Commercial Implementation of the first Plasma Light. The platform needs to get some partnerships with banks to have the preparation of the token sales for fintech community. In 2019, the BANKEX Co-investment crypto fund for ISAO. Licensing from banking and any other part to support for banking services in leading countries is also planned to be obtained by 2019. After all the process has passed, the two-way financial bridge on crypto & fiat will begin to be available by 2020.

Using a very mature and purposeful concept, BANKEX is coming soon as an asset market platform that is ready to benefit every user in the ecosystem. Using a combination of various renewable technologies makes BANKEX fast-growing and readily accepted by people around the world. BANKEX will soon release with the mission of adding liquidity to assets with the blockchain platform and multifunctional smart contracts.

Official Link To BANKEX:

  • Ann Thread: https://bitcointalk.org/index.php?topic=2013627.0
  • Website: https://bankex.com/en/
  • White Paper: https://bankex.com/en/whitepaper

Social Media:

  • Twitter: https://twitter.com/BankExProtocol
  • Facebook: https://web.facebook.com/BankExchange/
  • Telegram: https://t.me/bankex

By admin • Business Tips and Ideas, Finance • • Tags: asset, bankex, better, future, markets, platform

INS Ecosystem 3

Nov 28 2017

INS ECOSYSTEM: The Worldwide Decentralized Ecosystem Connecting Consumers Directly to Manufactures

What Is INS Ecosystem?

INS Ecosystem is the first worldwide decentralized ecosystem. INS provides grocery market where consumers and manufacturers can do the transactions directly without wholesaler or retailers. By buying products directly from the manufactures, consumers can get lower prices, discounts, or other promotions of excellent quality products. Moreover, both consumers and manufacturers can make direct interaction to make the transaction process effortless.

INS Ecosystem Limited integrated with BVI Company, INS, which makes the INS platform, tech, and tokens. INS has a focal point on producing an open source that enables the INS ecosystem’s operation. In order to participate in INS ecosystem, people need to make an account on its platform. Throughout the registration process, the users will be provided with a profile and wallet later on. The profile will keep the user’s data; meanwhile, the wallet offers the information of INS token.

INS founded by professional people, Peter Fedchenkov and Dmitry Zhulin. Fedchenkov got his MBA from Harvard University. Meanwhile, Dmitry Zhulin got the Ph.D. in Finance from the University of London, and he has been experienced in crypto-assets and Bitcoin. With their experiences in retail, tech, and e-commerce, together they make INS company become the first worldwide grocery market to connect manufacturers and consumers directly.

The founders of INS has experienced in the grocery industry for years. They develop Instamart, the largest grocery market in Russia that provides delivery operator. Instamart had more than 200 workers and cooperated with largest retailers and grocery manufactures in a country, including the FMCG companies such as Coca-cola, Mars, P&G, Unilever, and Pepsi co.  After four years experience in Instamart, they finally found the inefficiencies in the grocery industry. Then, they create INS Ecosystem that provides fair ecosystem between consumers and manufacturers.

Besides Fedchenkov and Zhulin, INS is also managed by other professional teams. Dmitry Khovratovich manages the blockchain and smart contracts in the INS. He has four years experiences in this field and becomes an expert in cryptography for 12 years with 2,000+ citations. Moreover, due to its function as the global decentralized market, INS also has three great expansions team. They are Prabhakar Reddy for Asia Expansion, Frank van der Tol for Europe Expansion, and Michael Schmidt for United States Expansion.

 

For managing the relationship of global manufactures, INS put its trust on Fedor Lisitsyn. He is the MBA candidate for Harvard Business School and has experienced in FMCG sector. INS also gets the professional list of advisors as follows:

  • Eyal Hertzog: The co-founder of Banco, Chief Architect of Product Development, founder of MetaCafe.
  • Moe Levin: The founder of Bitcoin Conference at North America, CEO of Keynote.
  • Michael Terpin: The founder of Transform Group and Coin Agenda, Co-founder of Bit Angels, successful PR.
  • Rawi Abdelal: The professor of International Management in Harvard Business School
  • David Wachsman: Wachsman’s founder.
  • Dmitry Filatov: The founder of Topface, ICORating, and several ad-tech and crypto tech companies.
  • Ilya Perekopsky: Blackmoon Financial Group’s co-founder
  • Sebastian Stupurac: Wings’ co-founder, experts in decentralized platform and blockchain tech.

With all those professional and experienced people, INS’ purpose is to make the top decentralized market place for consumers. Moreover, it is also used by wide audiences by preserving a flourishing ecosystem of consumers that want to buy daily groceries with lower prices and manufacturers that want to sell their products directly to its customers. The main role of INS ecosystem is to build up the open source tech to run operating the platform and make a thriving model for all parties.

What Manufacturers that Join in INS Ecosystem?

INS Ecosystem is cooperated with over 500 manufacturers in the world, whether it is the local manufactures or the worldwide ones.  Even, INS own great interests from Top global manufacturers such as Unilever, Valio, Borjormi, Reckitt Benckiser, and Friesland Campina. INS acts as the helper for manufactures avoiding the wholesalers and retailers so that they can promote and sell the products directly to the consumers worldwide. INS focuses their target in replacing trade promotions with more efficient and fair marketing by facilitating a direct connection between consumers and manufacturers.

To connect both consumers and manufacturers directly, INS creates online grocery as its target segments. Online grocery is predicted to develop from $98 billion in 2015 to $290 billion in the next 2020. INS creates online grocery market with several benefits that belong to consumer demands such as high-quality products, lower prices, higher expediency, and direct rewards or promotions from manufactures.

How INS Ecosystem Works?

As it has been explained, INS utilize online grocery platform to connect manufacturers and consumers directly. There are several ecosystem participants in making INS works well: the platform, consumers, manufacturers, and fulfillment.

  1. The INS Platform

INS create a platform for decentralized grocery market that let manufacturers connect, publish and promote its products for sale, create loyalty campaigns, and own feedback directly from the consumers. Also, the INS platform also allows consumers to purchase those products easier. The roles of INS platform include:

– Managing the INS token launch and creation.

– Elaborating the aspects of ecosystem regulatory.

– Developing marketing campaigns.

– Establishing fair, secure, and decentralized order execution.

– Releasing app and website for customer, workers, and couriers fulfillment app, and manufactures web interfaces.

– Creating efficient incentive model intended for parties to connect with INS ecosystem.

In the INS platform, there are some key components that important to understand. However, each participant only can access some components via its platform.

  • Consumers
  • Products: Products are sorted in defined parameters like category assignment, price, name, ingredients, volume, details, and others.
  • Placing Orders: To pick what products, delivery options, and payment method.
  • Product Search: To short and filters the products to buy
  • Promotion: Get promotion as making first order
  • Rating Score: Provide rating of manufactures and products. Consumers can give the rating without disclosing their identity.
  • Manufactures
  • Product Search: Pick specific filtersan shorting methods for products.
  • Loyalty: Set the reward type, product lists, expired date, amount, and others.
  • Promotion: Set the rules of promotion and deposit tokens.
  • Cross-Marketing: To create more sales, promote products to new consumers, find partners, and sell products.
  • Feedback: Get direct feedback from consumers.

  1. The INS Manufacturers

In INS ecosystem, manufactures belong to individuals or companies who focus on the business of groceries, fresh products, and household items. They can be from local farmers, multinationals, or global ones. INS cooperates with several professional companies such as Coca-Cola, Unilever, P&G, Mars, Procter & Gamble, and so forth. The INS manufacturers own several roles include:

  • Publish, promote, and sell products
  • Deliver their products purchased by consumers to fulfillment
  • Promote INS through promotions of their apps
  1. The INS Consumers

Consumers become the main target of INS ecosystems. They can be individuals or companies that purchase online good quality products at lower prices. To order the groceries, consumers can place their orders via INS app, INS website, or original apps from manufactures. The INS consumers also own roles include:

  • Find groceries listed by manufacturers
  • Make orders and purchase them
  • Contribute to feedback demands
  • Get a promotion, feedback rewards, loyalty, and referral.
  1. The INS Fulfillment

The last participant in INS Ecosystem is the fulfillment which belong to workers, center operators, and couriers. The center operators offer a place where workers receive products sent by manufacturers. The center workers have several jobs include:

  • Collect products sent by manufacturers
  • Pull products together into orders
  • Overtake orders to couriers

Besides center workers, the fulfillment participants also refer to couriers. The INS couriers operate as independent contractors. The INS couriers’ roles are picking up orders from center operators and deliver it to consumers.

Why Should People Join INS Ecosystem?

INS offers a lot of benefits to the consumers who purchase products in INS platform. By joining INS, people can get direct interaction with worldwide grocery manufacturers. INS offer more benefits not only for the consumer but the manufacturers as well.

  • Consumers Benefits of Joining INS
  • Purchase products without wholesaler or retailers intervention.
  • Get products with higher quality and lower prices than retail stores.
  • Purchase the groceries online conveniently and easily without going out to the grocery store.
  • Receive orders delivered right to the doorway without spending time for offline shopping
  • Give feedback directly to manufactures
  • Get promotions, rewards, or special deals from manufacturers
  • Manufacturers Benefits of Joining INS
  • Get full control for listing and pricing the products.
  • Publish and promote products for making customers easily to order
  • Offer fair prices for every product
  • Own direct feedback from costumers
  • Get new costumers and keep the loyal ones by offering promotion and rewards
  • Get higher ratings and more consumers by offering promotion and rewards

What are Blockchains Apps in INS Ecosystem?

INS ecosystem’s platform utilizes Blockchain technology. It is a shared-database tool which mostly used for supporting digital currency of bitcoin. INS also uses smart contracts for managing the agreement of consumers and manufacturers where it is directly written into some codes. Smart contracts allow the reliable transactions between consumers, manufacturers, and other parties without the legal system, enforcement mechanism or central authority.

The INS ecosystem platform is also specially designed with a high-load system. It happens due to the large number of its users that reach into billions. Even, every user makes a lot of orders each year. That is why INS uses advanced blockchain and smart contracts which offers great performance and stability. INS decides to design and develop its blockchain platform for future which makes possible thousand transactions every second. Blockchain applications for INS ecosystem include:

  • Smart Contracts

Along with smart contracts, blockchain offers technology for a new marketplace where provide reliable trading transaction based on business rules. INS offers several Smart Contracts to facilitate the sale systems.

  • Payments

In e-commerce, every payment process needs over ten different steps for resolving one transaction. Even, it involves up to 15 divide fees for paying the payment gateways. However, INS uses blockchain tech to cut these long route payments. Blockchain becomes the solution for making e-commerce payments more reliable and more efficient. By using blockchain for INS platform, the payment process gets the higher potential for fast transaction and lower prices.

  • Supply Chain Management

INS is included as the e-commerce company. Each e-commerce company needs to own supply chain management for manufacturers, consumers, third-party sellers, logistics providers, and delivery service. In this case, transaction blockchain contains fixed fees, commission, and order details. All of it will be in the outward appearance of smart contracts, and those will be used for capturing delivery and return occurrences, documents, and others. The blockchain will record the whole process of the transaction, and all parties can access the transaction process.

What is INS Token and How to Use it?

INS ecosystem utilizes INS tokens as its core components. It is specially designed to facilitate the whole INS operations. INS creates its token as the essential element of its ecosystem and its economy. The INS tokens are fungible, divisible, and transferable. User’s token transfers and balances are tracked by INS system. Therefore, if there is a big problem such as the contract negotiation, token theft, and unsettling change of Ethereum procedure, INS could freeze the token transfers.

INS token is specially designed and planned to be the one and only exchange and payments for managing all kinds of rewards or purchasing process in the INS ecosystem. Moreover, INS plans to accept INS tokens as payment methods for its partner services.

Overall, the usages of INS tokens are divided into two types, for manufacturers and consumers. For the manufacturers, INS tokens can be used for rewards, cross-marketing, loyalty, promotion, and feedback. Meanwhile, the consumers can use INS tokens as the payment method to purchase products via INS platform. However, besides the tokens, INS also offers another payment method for the consumers. They can pay the products in BTC, fiat, or ETH (bank transfer). The prices and rewards will be different based on the payment method. Here’s what you need to know about INS tokens.

  • Consumers can purchase INS tokens with minimum purchase 0.1 ETH.
  • For every 1 ETH is same as 300 INS tokens.
  • The Customers are only allowed to own 50,000,000 of tokens supply at maximum.
  • The INS tokens are transferable as its ICO is reached
  • Funds are returned as the soft cap is not completed
  • No token mining, creation, or minting as ICO in at the end of its period
  • The distribution of Reserve Fund’s token starts in 2019 and will be last for two years.
  • Get 3% additional bonus when buying token using reference link

How to Use INS Apps and Website?

INS ecosystem provides the INS website and INS apps for connecting global consumers to manufacturers. In the INS apps or website, consumers can purchase a lot of groceries from global manufacturers and give direct feedback. Meanwhile, the manufacturers can use the app for publishing and promote their products. Besides, they also can get direct feedback from the consumers via INS app. The INS will publish its app with GitHub as open-source software. The INS app and website will be divided into some categorizes, as follows:

  • The INS App for Fulfillment

The apps for fulfillment will offer information of fulfillment process, so the center workers and couriers can easily coordinate to each other, consumers, and manufacturers. The INS app for fulfillment can be downloaded on Android Play.

  • The INS Web for Manufacturers

For manufacturers, INS offer web interface that can be accessed in a web browser. This one does not need installation requirement to perform whole actions. The manufacturers can use this INS web to list, publish, and edit the products. Also, they can manage the stock control, reward policies, consumers feedback, and set-up delivery options.

  • The INS Web for Fulfillment Center Workers

Lastly, INS provides the web interface, especially for center workers. Similar to the web interface for manufacturers, this one also can be accessed in a web browser without installation.  This web interface will allow the center workers to control and manage the warehousing fees, earning reports, and obtain statistics.

The INS app and website surely can be the efficient way and solution for online grocery market. It can facilitate the consumers, workers, and manufacturers in purchasing and payments process. Besides the app and website, INS also own Telegram: https://t.me/ins_ecosystem and Twitter: https://twitter.com/ins_ecosystem. Get closer to INS via Twitter and Telegram for new updates about discounts, rewards, and promotions of special products.

How to Join INS?

INS surely becomes a great marketplace for people who want to get groceries with good quality and lower price. Also, INS becomes the solution for busy people out there who have no time for offline shopping. On the other hand, global manufacturers can get some benefits as well by joining INS ecosystem. It is a truly wide-reaching decentralized ecosystem that is needed for all consumers and manufactures.  Check its websites: https://ins.world/ for joining and supporting INS and getting further information about INS ecosystem.

By admin • Business Tips and Ideas • • Tags: connecting, consumers, decentralized, directly, ecosystem, worldwide

CyberMiles

Nov 9 2017

CyberMiles: Create The Next Level of World Online Marketplaces

Nowadays, Cybermiles had become a blockchain protocol that known to be superior and superlative for small-scale-business in the future worldwide marketplace. Also known as CM or CMT, since Cybermiles developed by Michael Yuan (5xlab), many critics creates issues about Cybermiles that soon be regarded as the next world’s Ethereum. As you know Ethereum that start from 2015 has 11.9 million coins for people that support roughly 13 percent of the whole circulating supply. Cybermiles do the job to empowering online marketplace decentralization around you. Still do not get how?

Imagine that you, as a consumer, can sell and buy all products as confidence as you do at Walmart or Amazon. Cybermiles as a new generation open a chance to all individual to create a marketplace and set their communities in according to their desire. It will make a significant move because of e-commerce applications at market size is more than $1 trillion. Here all about Cybermiles that you need to know to take part in this technology of the network!

Meet a breakthrough Block-Chain Protocol: CyberMiles

CyberMiles (CM or CMT) is a novel block-chain protocol technology that developed for revolutionizing the process of marketplaces and commerce work. CyberMiles is a Cryptocurrency based on Blockchain digitally that empowers the decentralization of online Marketplace 5miles. Since years ago 5miles known as app and web that found yard sale virtually. Although CyberMiles seems like Craigslist, CM designed unlike a phone book ‘s middle page but more like the actual app.

CyberMiles designed to empower the online marketplaces decentralization because slogans are extraordinary. The essence is that CM seeks to reshuffle peer-to-peer market shopping by creating transactions both businesses the norm and consumers digitally. Alternatively, by hoping that unnatural dude buying your old clothes and oven wouldn’t giving you a vagabond check, or should to use Venmo or Paypal. CyberMiles put their big point on diverse real-world commercial applications and marketplace utilizing bright contracts including local sell and buy e-commerce, online auctions, and marketplaces.

All data and facts available showed us that Cybermiles would know as one of the most encouraging cryptocurrency in the future all the more so than even, Ethereum. The goal is to assimilate blockchain technology into the modern world. Initially, Cybermiles suggest to be implemented and issued on the public blockchain such as Ethereum as an ERC-20 standard token. 5miles, as the first Dapp on CM blockchain, will consolidate the existence of “wallet” task to hold Cybermiles balances. It allows you to employ the tokens based on 5miles platform after it activated. To knowing the full information about CyberMiles, here the  Announcement thread you can visit: https://bitcointalk.org/index.php?topic=2344875

CyberMiles Unique Features

For you that still feel doubt about the excellence of Cybermiles than Ethereum, here full information about unique Cybermiles features that make a difference between two of them.  As you know, ETH on Ethereum provide facilities to use CMT (Chartered Market Technician) to discharge your ICO (Initial Coin Offering). Likely ETH, CMT also makes you possible to do that. What makes the CyberMiles tokens and blockchain different from another same kind such as Athreum?  Why do the CyberMiles Token (CMT) name as the master token for e-commerce? Here the answers :

  • CyberMiles is a new level blockchain as next generation for smart contracts. It will be the next generation Ethereum (ETH). CyberMiles’s Smart Business Contract is designed to be far more robust than Ethereum Smart Contracts.
  • CyberMiles has a real obsession to become e-commerce applications. It will present an extensive list of commerce-related SBC (Smart Business Contracts), creating it a gust to build decentralized trading applications.
  • CyberMiles partner, 5miles will drift more than 12 million US users to CyberMiles blockchain e-commerce. CyberMiles network will record credit reputation, facilitate financial transactions and history also sets user identity. The works were done without a specific clearing house or data store, consequently ensuring safety and privacy.
  • Likely ETH on Ethereum, CyberMiles applications built on possible to use CMT to reach user ICO.
  • CyberMiles provide support TPS (tens of thousands of transactions) in a second through a Proof of Stake (PoS) of a state-of-the-art agreement engine. Commitment, Ethereum nowadays only supports about ten TPS.
  • CyberMiles motivates effective participation. The new tokens will always be created as the matrix grows. It is crucial, to you as CMT tokens holders to the DPoS consensus, users have the opportunity to accept new tokens.
  • When CMT right now is optimized for e-commerce utility, CyberMiles designed to makes you the chance to decentralized settlement such as Ripple (XRP). Ripple (XRP) resolves transactions between the big banks, while CMT will determine transactions between peer-to-peer (P2P) finance parties and e-commerce.
  • CMT finally will become the most cryptocurrency that used by more than 12 million US users. The CyberMiles has a tremendous opportunity to keep developers sustainability to being more significant than the Ethereum network.

Knowing Cybermiles ICO (Initial Coin Offering)

CyberMiles, a new generation of blockchain network e-commerce optimized and designed for commercial marketplace applications. It has deduced the individual steps of investment opportunity that leading up to its ICO (Initial Coin Offering), scheduled to begin on November 21. Empowering and enhancing the decentralization of the network of an online marketplace, CM is spending millions to pay the development of its breakthrough technology.

Circumstances in including the single stages round, it has informed the formation of an inflammatory well-connected board composed, dominant leaders in marketplace network technology, venture capital, and finance. The variety of contributors and advisors slate includes experienced both women and man of many backgrounds and races, along with dignitaries (example:  Amanda Bush in St. Augustine Capital Partners. Here they are :

  • CyberMiles ICO (Initial Coin Offering) interchange 1 ETH for 7,000 CMT. The changing took place in October and November -2017.
  • Cybermiles was priced at a $50 M value during the release. There has been a high number of contributors to the ICO.
  • Robinhood underwrote CybermIles ICO with the prospect of all listing CMT on the exchange.

Altering ICO does not mean that there would be a distinguishable prove between which one is true or false. Investors only urgently need to be careful on what they investigate into as not go down into the fraudulent exercise of scammers. Lastly, bellow are advantages for raising wealth through ICO actually when judge as  Cybermiles include

  • Tokens and coin sale is the direct method to the user without exceptions to variant choices to shots with the small amount of involvement of intermediaries inside the process.
  • There is no subject to the next capital project, DAO or economy.

 

Changes The E-Commerce Marketplace with Cybermiles

As earlier noticed that Cybermiles requires incorporation of new generation blockchain technology to the modern world, it is relevant to discuss how CyberMiles technology influences e-commerce. These Technologies cause a significant impact by keeping transactions records and contracts between both seller and buyer. There are various ways about how do these e-commerce relationships improved between a seller and buyer online now, they are :

  • Mobile Applications: CyberMiles requires the utility of modern technology for advice now. The times in which online buyers go to seller’s location is over. The use of online applications in mobile can cause a buyer shop with delivery and ease can work possible. The only real networking or contact is when the delivery processing.
  • Extraordinary technology for Small Businesses: Nowadays, when small businesses come with a promising future CyberMiles gives you the upgrade solution. This technique is essential for thinking or considering the technology of e-commerce marketing operated by people.
  • Buyers Consistent Interest on Seller’s perception: Features provided on these mobile applications technology allows a variant in numbs of options that suitable the buyers feels thereby creating a steady and reasonable relationship also to understanding both parties efficiently and even more when contact does not exist.

Looking at newly trends in worldwide e-commerce marketplace, CyberMiles looks like will boom the e-commerce sector. There are some millions of contracts, businesses, and transactions an everyday day and these block-chain technology system regularized by several organizations to lead finances. Taking Cybermiles as an example of fast-growing technology, it has a blockchain technology that possible to changes the financial sector, ensure user privacy and do safe transactions. CyberMiles verifies the credible identity of users and secures payment. Compare to Alibaba, the most significant e-commerce located in China, the use of these blockchain technology used to avoid the adverse impact of imitation products.

The benefit of this technology is to transfer smaller scale of business units together such as peer-to-peer (P2P) parties also use to promote a large-scale public marketplace system. This concept early adopted and now proven by its useful work by 5miles that leading USA as a peer-to-peer (P2P) market. Besides, they recently mentioned a newly 5xlab invention, a blockchain lab known could offer an excellent lock-chain technology development to build up a stable networking system digitally.

When Cybermiles comes with 5miles, they can do a lot of extraordinary work by promoting together a steady network infrastructure completed by all assets on a terrace. Their method gives an opportunity to improve and support cryptocurrencies, execute smart, small-scale business contracts to ensure better market shopping and networking. You can know 5miles work to CyberMiles by visiting their website on https://cm.5miles.com/.

The importance of Cybermiles existence in the e-commerce marketplace is to bring change in how online transactions made. Cybermiles had an excellent uniqueness, transparency, and credibility. Fraud is a big challenge in the global e-commerce sector open a possibility to a P2P online transaction that has an issue with products that are fake (such as unauthenticated items or counterfeit products). Hence, to eliminate this fraudulent exercise, a blockchain system can work highly to ensure records and transparency, also can be saved up until permanently for each transaction that made. It reduces and avoids some risk such as human error, do promotes efficiency also shows more fight against fraudulent exercise.

Why Do You Need to Join The CyberMiles

Cybermiles build to purpose both sellers and buyers in the way by encouraging that products and goods that can be sold and bought with so many confidence. This is a way to helps people to invent and develop their new ideas in a credible marketplace system. There is so many confidence in joining this because CYbermiles is as believable as what Walmart and Amazon offer to you. Cybermiles technology based on business contracts, commercial and transactions applications that makes the reliable system born with tremendously within small-scale range of time. Cybermiles used for different industrial applications, i.e., turnkey solutions to creating trading platforms (c2c), an approximate model of purchasing payment being providing and structured financial answers to the e-commerce, a decentralized, small-scale business platform.

If you still asking questions why you should join the Cybermiles, here others their future to convince you as CyberMiles generation. Besides it has a mode of payment such as currency, it is similar to Ethereum mode of debt known as ETH. Cybermiles has CMT with a control function to the whole networking system. CM is an excellent liquid currency, acceptable in a high number of applications and can be operated easily by users. These are two essential things that you need to know about the CMT; they are powers the system and Liquid also acceptable. Cybermiles has main differences compared with other existing cryptocurrencies that exist. The differences are:

  • The highly experienced group in the sector of e-commerce with more than 12 years working experience that evolves in the execution and developing to answers the commercial applications problem.
  • Due to massive growth then development, there are likely to be early acceptances of Cybermiles can amazing records control (more than 12 million users) since it released.

As a conclusion, by inviting you to join CyberMiles to upgrade your taste of e-commerce application network, They can shortly speak to you by these:  there is a feature named master bonus or token that usable to e-commerce to ensures other e-commerce platforms operates on the blockchain system. Cyberiles also built in a secure and transparent order which makes sure fraudulent exercise can be known to the public, and all other information needed is secured. Ensure safe and secure transactions take place with CMT as a currency or mode of payment.

 

Posted by : kurniawan05

https://bitcointalk.org/index.php?action=profile;u=1187741

By admin • Business Tips and Ideas • • Tags: create, cybermiles, level, marketplaces, online, world

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