Question 1

What is the current price of INSTAR?

Accepted Answer

The current price of INSTAR (Insights Network) is ADA 0.01022131, with a +0.00% change in the last 24 hours.

Question 2

What is INSTAR (Insights Network)?

Accepted Answer

INSTAR, or Insights Network, is a blockchain-based data exchange platform that allows individuals and organizations to exchange data in a secure and transparent manner. Its mission is to facilitate a fair exchange of data pricing based on market dynamics, and it aims to protect user data through a combination of blockchain technology and secure multiparty computation (SMPC).

Question 3

Who created INSTAR?

Accepted Answer

INSTAR was created by the Insights Network team, a group of blockchain enthusiasts and professionals. The team's vision was to create a platform for secure data exchange, and this idea grew into the Insights Network, symbolized by the INSTAR token.

Question 4

How does INSIGHTS NETWORK work?

Accepted Answer

At its core, Insights Network operates on the principle of connecting data seekers to data providers in a direct, secure and private manner. It uses a request system where data seekers (mostly businesses) request specific data from the users of the network. Users on the network who provide this data are rewarded with INSTAR tokens.

Question 5

What unique characteristics does INSTAR offer?

Accepted Answer

Firstly, one of the unique facets of INSTAR is its user-focused approach to data exchange. By providing a platform for direct interaction between data providers and data seekers, it prioritizes transparency and user control over data. Secondly, INSTAR's initiative of rewarding users for sharing their data sets it apart from traditional data exchange platforms. This creates a people-powered data marketplace where each individual has the potential to earn tokens. Thirdly, INSTAR uses advanced blockchain technology for data security. The use of secure multiparty computation (SMPC) ensures that user data remains private and secure, providing an additional layer of trust and integrity.

Question 6

What is the total supply of INSTAR tokens?

Accepted Answer

The total supply of INSTAR tokens is 300.0M.

Question 7

What makes INSTAR's blockchain technology secure?

Accepted Answer

INSTAR's security comes mainly from the use of blockchain technology and secure multiparty computation (SMPC). These technologies ensure all transactions on the network are transparent and cannot be tampered with. Meanwhile, SMPC protects user data by scattering it across multiple nodes, making it nearly impossible for an attacker to compromise the entirety of the data.

Question 8

How much INSTAR is in circulation?

Accepted Answer

The currently circulating supply of INSTAR tokens is .

Question 9

Where can I purchase INSTAR?

Accepted Answer

INSTAR tokens can be bought from several exchanges, some of the most popular ones being Bittrex, Bibox, Gate.io. Please note that the availability of tokens can vary from exchange to exchange, so it's always wise to check the current listings.

Question 10

How can I safely store my INSTAR?

Accepted Answer

Storing your INSTAR tokens safely requires a cryptocurrency wallet that supports the token. There are several wallet options available, ranging from online web wallets to hardware wallets, and you should choose one based on your security needs and convenience. Remember, always secure your wallet's private keys and never share them with anyone you don't trust.

Convert INSTAR to ADA

Try our Crypto Pro app