-- The decentralized grocery marketplace will cut grocery check by 30%
(MOSCOW, Jan. 8, 2018 PRNewswire=연합뉴스) INS Ecosystem [https://ins.world/ ], the decentralized grocery marketplace, has announced today that its crowd contribution period has reached $40M.
Aiming to disrupt the $8.5 trillion USD global grocery market, INS Ecosystem was founded by Peter Fedchenkov and Dmitry Zhulin and is set to pilot in 2018. The platform connects manufacturers directly with consumers with an aim to overcome retailer domination, and in turn, save consumers up to 30% on their everyday e-shopping.
INS Founder, Peter Fedchenkov said, "The staggering success of our token sale has left the INS team both humbled and overjoyed. When we set out on this incredibly ambitious mission, we knew that the only way we could succeed in revolutionizing the grocery industry was with a community that is as passionate as it is positive at our side. We heard loud and clear with this token sale that we have the full support of such a community."
Within the INS Ecosystem, all manufacturers will be able to list and sell products directly to consumers, gain customer feedback, and reward loyal customers. Smart contracts will power loyalty programs, and blockchain technology will make the supply chain more efficient trimming costs.
The INS token sale finished with the INS Ecosystem token, INS, distributed to participants. The INS Ecosystem token serves as a method to power direct manufacturer to consumer loyalty programs and can also be used as a means of payment.
The funds raised from the token sale will correspond with the INS roadmap, with funding allocated for research and development; infrastructure; administration and operations; marketing and sales; and legal and contingency services.
"Grocery is the second largest retail industry in the world, yet it has remained perhaps the slowest to adopt emerging technologies. This presents an incredible opportunity for growth and change, and through our conversations with industry executives, leaders in the crypto space, and our community as a whole, it is clear that there is an enormous amount of faith in INS as the best suited project to take on this challenge," added Fedchenkov.
To date, INS has garnered strong industry support and formal interest from some of the largest manufacturers globally, including 2 Sisters Storteboom, MARS, Reckitt Benckiser, Valio, Aviko, Capebe, FrieslandCampina, and Borjomi. In total, INS has seen over 500 independent suppliers from the UK, Netherlands, Brazil, Italy, Russia, and other countries explore joining the platform on its launch.
"This early milestone is a tremendous indicator that our work has hit a pressure point in arguably the most important industry in the world, and we are eager to continue moving along our project roadmap. We would again like to extend our sincerest thanks to the community and look forward to demonstrating that token sale participants were right to put their trust in us," concluded Fedchenkov.
For more information visit https://ins.world/ and https://t.me/ins_ecosystem.
INS Founder Peter Fedchenkov is available for interview
Media Contact:
Mun Shing Cheong
ANX Digital for INS
Tel: 852-2892 2686
anxdigital.pr@anxintl.com
Logo - https://photos.prnasia.com/prnh/20180108/2027091-1LOGO
Source: INS
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