Going through the Instars platform, one sees a format that speaks for blockchain technology. The Instars platform shows the simplicity and brilliance in blockchain adoption, and this review/personal opinion will elaborate more on the data-exchange platform.
The services offered reflect the growing need of the digital population. Issues on privacy, blockchain, and cryptocurrencies are impressively handled with a few hiccups that can be worked on with a few upwards.
Based on their surveys and polls, the platform is also keen on keeping up with current affairs that affect the people or the blockchain ecosystem.
Further, Instars presents itself as a complete package based on its services. Its primary service is the distribution of INSTAR tokens through rewards based on the participation of activities within Instars. However, Instars also offers a wallet service where its users can keep their earned cryptocurrency.
Their learning lab service educates users on ways to utilize their cryptocurrencies. This allows users to make educated choices after accumulating INSTAR via the platform.
On accessibility, Instars can be accessed via web browsers or their android applications.
Instars have many positives to delight in. However, there is still a lot they need to do to prove that the platform is here for the long-term.
Ranked Among the best
Instars are among the best performing platforms in the blockchain ecosystem, and it has been for quite some time.
When Block’tivity released its rankings earlier in the year, it came as no surprise when INSTAR featured in the top 10 of the most actively used platforms.
Block’tivity bases its ranking on platform activity to give a clear indication of a platform’s performance. This helps investors dispel the FUD and hype that may be in the market.
Now, INSTAR performed better than other “bigger” tokens such as Nano, DASH, and Litecoin. At its peak, INSTAR ranked 9th in the overall activity ranking.
Currently, INSTARS sits at thirteenth on the latest ranking, a very impressive achievement, considering it’s ahead of such major industry names such as VeChain, Bitcoin Cash, Dash, and Litecoin.
Its current ranking shows a platform that is widely accepted in the blockchain community.
The commendable ranking can be attributed to the interactive services offered by Instars. The polls and surveys in the platform speak of a platform that is aware of developments in the world, such as Brexit, among other vital issues.
Another attractive aspect that may have contributed to the ranking is the learning labs hosted on the platform.
Learning Labs is an interactive feature that allows users to learn more about blockchain technology. Various videos are explaining the concepts of blockchain, cryptocurrency, and Instars. These videos are grouped into a series of lectures explaining specific content.
Through learning labs, one can be equipped with sound blockchain knowledge that increases interest in revolutionary technology.
Instars may be the only blockchain platform offering free education services. Moreover, users are rewarded for completing their series of lectures, which makes Learning labs even more attractive.
With such services considered, INSTAR may continue to get better rankings than its counterparts.
Following The Successful Strategy Of Nano?
Instars model of token distribution resembles that of the Nano platform, which used a form of facets to ensure that its tokens are distributed as organically as possible. This was important to prevent favoritism of whales with big pockets who could easily take over a platform via ICOs.
Instars reward system distributes their tokens to its users based on the tasks they achieve, which are very similar to the faucet system Nano was using. Both base their rewards on the completion of set tasks within the platform.
However, Instars also employs other methods of rewards such as rewards based on a referral, which can still pass as a form of the faucet.
Faucets were the reason Nano succeeded in their endeavors. This may be the reason why Instars employs a faucet-like approach in its token distribution.
Thus far, it has worked effectively and efficiently for them.
Some of The Biggest Block Producers Are Already Involved
Instars’ token distribution method is working, and there is some solid proof.
The faucet system employed by Nano consumed far less energy compared to the method used by platforms such as Bitcoin. Low energy consumption meant that miners would spend less electricity per token as compared to other token reward systems.
Earlier in the year, EOS block producers shifted focus to Instar blockchain. Top block producers form EOS, such as Everipedia and Graymass, became contributors to the Instars blockchain. The shift to Instar blockchain showed how attractive the outfit had become in the blockchain ecosystem. It was also proof of the great work that Instars was doing behind the scenes.
Continuous Improvement
So much is working in Instars favor currently. This is the best time for the platform to streamline its services, improving those that are lagging while also introducing other attractive ones.
Instars should also consider updating their services to meet the demands of the broader market they are now serving.
If they play their cards right, Instars will remain relevant even further into the future.
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Disclaimer: Please only take this information as my OWN opinion and should not be regarded as financial advice in any situation. Please remember to DYOR before making any decisions.
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