INSTAR

INSTAR

INSTAR
$0.02269719%-0.16

Key Metrics

Price$0.02269719
Real Volume (24H)$116.02
Marketcap$28,520,817
Fully Diluted ValuationN/A
ATH$0.27882
ATH Date10/2/2022, 12:16:16 PM
ATL$0.00467988
ATL Date3/13/2020, 5:22:38 AM
Circulating SupplyN/A
Total Supply300M
WebsiteN/A
WhitepaperN/A
Popularity Rank492
Chart
What is INSTAR?

INSTAR is a cryptocurrency developed by the Insights Network team for the INSTAR Blockchain, a decentralized delegated proof of stake blockchain. It uses the EOS open-source software and sMPC technology to enable secure data exchange on the platform. INSTAR tokens can be used to power market research requests, including surveys and access to research reports, on the platform's website, www.instars.com. Additionally, users can enjoy "Staking for SaaS," which provides free access to enterprise-grade survey software powered by cryptocurrency micropayments.

The Instars platform allows individuals to earn cryptocurrency through consensual data exchange while maintaining their privacy. The platform only exchanges broad demographic details instead of full personal details, ensuring the confidentiality of participants.

Furthermore, the INSTAR blockchain employs a unique consensus algorithm that facilitates fast and secure transactions while maintaining high network scalability. The platform leverages decentralized storage systems that ensure the safety of user data while preventing unauthorized access.

The INSTAR blockchain's decentralized nature ensures that it remains censorship-resistant, promoting transparency and accountability in the ecosystem. The blockchain aims to provide a reliable infrastructure that supports a wide range of decentralized applications, including market research, decentralized finance, and more.

The INSTAR token plays a crucial role in governing the Instars ecosystem. It acts as the native currency for the platform, fueling transactions and incentivizing network participants. Token holders can participate in the network's governance by staking their tokens to vote on network upgrades, protocol changes, and other important decisions.

The Insights Network team created INSTAR to enable individuals to take control of their data while enjoying the benefits of participating in the decentralized economy. The platform seeks to create a transparent and secure marketplace for data exchange that benefits all participants, including data providers, researchers, and businesses.

In conclusion, INSTAR is a unique cryptocurrency that powers the INSTAR blockchain, enabling secure and transparent data exchange while incentivizing network participants. The platform provides a reliable infrastructure that supports a wide range of decentralized applications, with market research being one of its core use cases. With the rise of the decentralized economy, INSTAR has positioned itself as a promising player in the space, promoting data privacy and transparency while enabling individuals to earn cryptocurrency.

Disclaimer

The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

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