With energy prices rising, switch to a cheaper plan
Compare Prices Now

Binance adds Ecosystem (INS) cryptocurrency

Posted: 15 January 2018 7:09 pm

snip ins ecoystem

Time to buy your groceries with BTC or ETH.

Binance has added Ecosystem (INS) to its marketplace, available as BTC:INS or ETH:INS pairs, and the time of listing shows an abrupt price spike on CoinMarketCap from around US$7 to US$10.

INS is designed to let users buy groceries directly from manufacturers more conveniently, and at lower prices, so its actual value for money might be easier to calculate than other coins.

The coin aims to decentralise the grocery industry by directly connecting manufacturers and consumers, and plans to use smart contracts to cut costs wherever possible to help keep prices down.

The INS token can also function as a kind of grocery rewards scheme, bringing extra benefits to shoppers.

The total INS supply is 50 million, while the circulating supply is 30 million. The US$10 current prices are high compared to the US$2.57 ICO price.

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade. Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

Latest cryptocurrency news


Get into cryptocurrency

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.
Go to site