What is INS token?
INS is an ERC-20 token built on the Ethereum Blockchain that is made for the grocery industry. INS is the very first grocery-focused coin that directly connect consumers with major grocery manufacturers.
Benefits to the Consumer
Stop letting big box retailers like Walmart dictate their prices to you. Owning INS will save you money by directly connecting you with grocery manufacturers. This will take away all of the markups by big retailers and save you money. Using INS will also allow you to order your groceries online without ever having to leave your home.
Benefits to the Manufacturer
Marketing and Promo directly to INS users will allow for a greater exposure. Manufacturers will have full control over product listing and pricing. INS will help manufacturers expand and reach a global marketplace of online users that want to buy their groceries online and save money.
Unsold INS Tokens Airdrop ICO
INS Ecosystem token sale successfully finished on December 25, 2017. Over 20,000 participants took part in the token sale. A total of 28.8 million INS tokens allocated to contributors. The unsold 1.2 million INS tokens will be airdropped to the token sale participants.
To get more airdropped INS tokens, hold your INS tokens or purchase more on exchanges!
Key facts about the unsold INS tokens Airdrop:
• Unsold INS tokens airdrop is free and you don’t need to pay to anyone to receive it. Hold your INS tokens or buy more to increase your stake!
• Bounty participants, team, and advisors are not eligible for the unsold tokens airdrop. Only token sale participants take part.
• The total number of airdropped tokens is 1.2 million INS
• Airdrop will last for 6 months from January to June 2018. During this period, all unsold tokens will be airdropped by 1/6th (200 thousand INS) at the end of each month
• All ETH wallet addresses that participated in the token sale are eligible for airdrop and will be given “stakes” based on the balance of INS tokens that will be scanned on a daily basis at a random time
• Wallets with unchanged or increased balance of INS tokens during a month will receive a stake equal to the average daily balance of INS tokens during the month
• Wallets with decreased balance of INS tokens during a month will receive a stake equal to the minimum daily balance of INS tokens during the month
• The exact number INS tokens an airdrop participant receives is calculated as his stake divided by the total sum of stakes of all participants and multiplied by the total number of tokens for airdrop
• For the first airdrop on January 31, 2018 the starting balance is the amount of INS tokens purchased during the token sale. For February and later the starting balance is calculated as a balance for the 1st day of the month
Examples of stake calculations
Wallet with an increased balance of INS tokens
• Balance as of January 10, 2018 is 1,000 tokens
• 500 tokens purchased on January 20, 2018
• Balance as of January 31, 2018 is 1,500 tokens
• The stake is equal to the average daily balance for the month (=1,250)
Wallet with an unchanged balance of INS tokens
• Balance as of January 10, 2018 is 1,000 tokens
• No INS tokens purchased or sold during a month
• Balance as of January 31, 2018 is 1,000 tokens
• The stake is equal to the average daily balance for the month (=1,000)
Decreasing balance
• Balance as of January 10, 2018 is 1,000 tokens
• 500 tokens sold on January 20, 2018 and 250 tokens purchased on January 25, 2018
• Balance as of January 31, 2018 is 750 tokens
• The stake is equal to the minimum daily balance for the month (=500)
