INS Ecosystem, a global decentralized ecosystem that will enable consumers to buy groceries directly from manufacturers announced today a strategic investment from ICOShark, a cryptocurrency hedge fund managed by a group of seasoned blockchain and fintech industry experts and powered by sophisticated analytical instruments such as ICOrating. ICOShark has invested in recent initial coin offerings such as EOS, Tezos, Bancor, and Tierion.
Dmitry Filatov, General partner at ICOShark said:
“We at ICOShark are constantly looking for the companies that are best positioned to change the way markets work for the better. From standpoint of technology adoption and project’s roadmap, INS Ecosystem is set to reinvent the food and grocery industry, and we are looking forward to working closely with the team to further advance their growth.”
INS Ecosystem was founded on the idea of directly connecting grocery manufacturers and consumers. In order to bring this concept to life, the platform will adopt blockchain technology and eCommerce industry best practices. INS looks to enable manufacturers to create bespoke marketing programs to promote their goods directly to the consumers. These programs run on smart contracts and powered by the INS token as a means of reward. It is similar to miles-based reward programs of many airlines but more advanced, cheaper to run and personalized thanks to smart contracts behind them.
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