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Binance adds Ecosystem (INS) cryptocurrency

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Andrew Munro
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snip ins ecoystem

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.

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