/biz/ - Business & Finance

Above is the three patents that were approved THIS YEAR

Don't be fooled into buying this guys bags.

Dead project?

Kek its dumping, that's whats going on

it's the first correction, buy up.

Why did the price drop so drastically in the first place if it was a supported project?

Seems strange that so many people are working on this and it's below 2c from $1 each.

Thanks OP, I was going through these last night. Still uncertain about what's going on here, but at the least it's an entertaining dig.

I'm going to tack on what I said at the end of last thread before it got archived momentarily

I'm a VET bagholder/believer so this shit intrigues me. The XNS website + tech paper recognizes Vechain multiple times as their top competitor in regards to scalability and data regulations
https://insolar.io/uploads/Insolar%20Tech%20Paper.pdf

>2.1.6. VeChain
>VeChain is flexible by design and focused on the supply chain industry and IoT integrations
>The solution is open source and can be deployed in public permissioned networks
>VeChain only supports smart contracts written in Solidity and claims a high performance of up to 10,000 txs, with 50 txs on average
>According to preliminary information, it is scalable and has block and finality times of 10 secs and 60 secs respectively
>The solution has two node types—authority and economic—with economic nodes maintaining the internal currency
>Although VeChain supports PoA consensus, it lacks dynamic capabilities
>The solution is compliant with GDPR, ISO27001, and the China Cybersecurity Law

Honestly this shit just makes me more bullish on VET because they are much further along in regards to adoption and govt compliance
I would also argue that they DO have dynamic capabilities that the XNS team doesn't seem to understand (or disagrees with). The VET ecosystem allows a company to control how much VTHO they generate simply by buying VET. If VTHO gets too expensive to buy on market, the company just needs to buy VET and they can generate their own. Worst case, node holders vote to reduce the flat rate of VTHO gas fees.

If XNS isn't defunct, the technology looks next level though
I was skimming through the threads last night and it seems like they will have some serious issues servicing US companies due to SEC bullshit. If they can figure that out, I'm in

In summary - this might be worth throwing some money at for people who are interested in VET/supply chain solutions. I'm personally waiting for some type of announcement from the XNS team and I'll bite the bullet and buy at a higher price if it's good news.

Team is apparently working on Soveren now which is partnered with VISA.

Maybe they will use Insolar as platform for Soveren?

>>28871304
original bag holders are dumping after seeing the price jump like this. /biz/ really seems to be the only one talking about this, nothing on reddit, twitter, or telegram (yet)
>>28872047
from what I can gather, people did not like the tokenomics of the INS to XNS swap, the main criticisms boiled down to being to strict adherence with SEC guidelines, which insolar is autistic about.

>>28872378
THIS ISN'T A VET THREAD, FUCK OFF PAJEET

So INS is discontinued then and it's only XNS going forward? How can we be sure of this?

>>28872603
XNS literally gives VET credibility throughout their front page https://xns.insolar.io/ and tech paper. You might learn something about the direction XNS is headed if they're so concerned about "china scam coin"

>>28871041
heavy bags, V?

>>28872047
also the devs seem to be under a NDA of some sort, they have been completely silent aside from their activity on github, where the majority of development has moved into private repositories.
from what I could tell by looking at their timeline, they keep repositories private until their patent is approved and public. they're definitely autistic about their intellectually property.
>>28872658
>it's XNS going forward? How can we be sure of this?
they have been manually swapping people from INS to XNS until a few weeks ago when the swap was finished. they also seem to be buying up a fuck ton of XNS, which wouldn't make sense if they were just going to abandon it.
INS by the way was their "testing" platform on the ETH network, XNS is the real deal which uses their in-house mainnet the people bought the project for. Also their "EnterpriseNet" is slated to launch this year.

>>28873320
>Also their "EnterpriseNet" is slated to launch this year.
https://medium.com/insolar/expanded-roadmap-to-2021-released-362100bf6f3e
I take it back. While yes, it does say EnterpriseNet is due for launch 2021, in reality we seem to be at the tail end of Q3 2019, since only just now has the INS to XNS swap been completed. We might be nearing MainNet 2.0 soon, but damn, the SEC really fucked them over.

>>28873320
Ok I threw $4k at it. I won't be pressed if I lose it, but it can be a decent chunk if it does take off.

What price is a conservative and reasonable expectation if it does take off? What's the worst case if it doesn't take off? Will it just go to literal zero?

>>28874369
Conservative expectation would be $0.32, which was the price of INS back before the XNS swap.
If nothing happens it would probably go back to before /biz/ pumped it which was at $0.06.
Personally I think once the coins get burned and the devs return to the public, things will start moving and a $100M marketcap wont sound crazy.

bump

dont buy this scam

>>28876405
thanks just bought more

This sounds kinda schizo. So what happens after they burn 50% supply? They just reveal they have been working in secret all this time, restore their twitter and keep working with 0 funds?

>>28871041
HOGE.finance

>>28877880
Anyone?

>>28877880
>So what happens after they burn 50% supply? They just reveal they have been working in secret all this time
No, I don't expect it to be instant, I expect a few more weeks of silence after the burn. The burn will only boost the value of the token, but once the big patents are published (and they've been getting published in rapid succession, one after another for this past month and a half) then announcements will come and it will start getting its value back.
>keep working with 0 funds?
I assure you they have more funds than the 400 million XNS sitting in the burn wallet.

>>28878564
This burn is what is needed to get back on track for MainNet 2.0 and 3.0 anyways.

>>28878564
So when is this burn happening?

>>28878941
likely when the patents are published and the NDAs can be pulled back, it could also be when the wallet hits 500M XNS, but ehhh that wouldn't be very smart.

I was in at the ICO when their business model was a chain for groceries. Their idea was to cut out the middle man. Shortly after they retooled and the project looked promising as it vastly increased in scop and ambition. Then the token swap happened and swapped coins were to be locked up for three years. That didn't happen, they got released within a year but it made a lot of investors angry. Their tech is next level stuff, read through their medium page but there are weird flags, dates haven't been updated and corrected and delisted exchanges are still showcased on their site. It's all very mysterious but certainly worth a gamble, this could be a huge pay off.

>>28877880
Oh it's 100% schizo. Only thing keeping it plausible for me is the github commits and recent patents. Sketchy nonetheless with the dev team radio silence, exchange delistings, and (SEC forced?) token swap.

This could also just be a super elaborate scheme for OP and friends to dump their deadcoin bags...If that's the case, then they've totally earned it

>>28879632
>SEC forced?
the token swap was always part of the plan, (INS was on ETH-20, XNS is their actual product) just some of the tokenomics of the swap were forced by the SEC.

>>28877880
They NEED to swap before they can burn and they NEED to burn before they can do anything, they said so outright in TG-chat. Thats why its so silent. The mods basicly say "no comments" to any question that isnt absolutely related to swap and they delete anything substantial immedietly. That tells me either exchange or SEC demand that they do this. In the past before the swap debacle they were a little bit more liberal about using the TG-app as an semi-official information channel. For instance they revealed that the F500 company they were partering with was in US, they also revealed that its not them holding back information voluntarily. I wasnt around back then but its quite a read to go back and read Stan or Svav messages.

>>28871063
>>28871110
>>28871145
those are just patent applications doesn't mean the patent has been granted retard

So has anyone been able to debunk this or say why it won't eventually go back up in any of these threads?

Would I be retarded to throw a big chunk at this?

>>28880307
It's such a bizarre situation they've found themselves in... Does the SEC not approve of 1:10 swaps?

>>28880671
So far I haven’t read anything that exposes this as a scam. Most anons are saying it’s a gamble that could give some crazy returns.

I put $500 into it and am anxiously following discussion.

>>28880758
Its the vesting that everyone took issue with, at announcement the team didnt mention SEC but they mentioned exchanges and community. Im fairly certain they mentioned it somewhere else related to coinomics but i cant remember where. Ive done extensive research in to this shitcoin for the last week and a half so its all a bit blurry.

>>28880671
There is nothing to debunk, its not a scam in the rug pull or pajeet sense it just might fail.

>>28879779
Ah okay, so the XNS chain (independent of ETH) was the plan all along, but the x10 supply and burn requirement was just a tokenomic tweak to bypass the lawman?

So they must really be out here trying to do business with US companies if they're being dogged this hard...
This is far from a rugpull. It seems more like a company trying to ensure their legal bases are covered before moving forward, after getting crushed by setbacks early on.

Unique stuff going on here fellas

>>28881531
/thread, this isn't a bunch of mumbai streetshitters, but that doesn't guarantee it'll work. the anon saying to put in 5k at MAX (and ideally less, 500-2k is the sweet spot) is completely correct, you should not be putting much of your portfolio into this because it can just fail despite not being a rugpull. however, i have not seen any legit fud that can explain why it's so active, why they're applying for patents, why its mc is so low, why its team is buying the tokens, so i am gonna buy some. i do not think xns bagholders could have magicked this up to bagdump, it's just too complex/smart

>>28882698
I agree
Showed some of the XSN Discord bois and they decided to buy some small baglets given the name of the project after investigating

Bought and HOLDING

I'm all in
>t. poorfag

>>28871041
I bought the top for $460 but not too concerned about it. If it drops below 8c I'll just throw in a little more.
Just look at it this way. If they compete well with vechain it could reach upwards of 2 billion. This is a legit 1000x potential token. Cheers bros, if you've ever wanted to be early on a sleeping giant you have just done it. Sure there is still the risk that the technology never gets fully realized or doesn't get adopted, but those are the same risks for many projects worth hundreds of millions. All it takes is the developers to come out of hiding and its shooting up to 50 million, don't miss it.

Alright that’s enough threads

>>28884867
Pandora's box has been opened.

let's play devil's advocate here to cover all our bases. what else could be a possible explanation for all this? is there any way we're looking way into things and they're either not using the xns token, or the project truly is 'dead" and they're focused on soveren now but maybe because of name change stuff it appears that some work is being done as insolar in the meantime still? idk, just thinking out loud. anything you guys can think of?

Im fairly certain ive read somewhere that the reason for vesting was to keep the price steady rising over a longer period of time to make it predictable for clients and what not. I think they are utilising KuCoin to do that via bot trading, possibly even using funds that are out of circulation(supposed to burn) but now where talking schizo

>>28886113
Well if it was dead, why all the new commits?

Can someone make a Telegram for discussing this project? The official one is full of pajeets and crying bagholders.

>>28883920
What are you talking about, 8c, it's at 1.4 cent right now

>>28886208
according to them, vesting was just done for SEC compliance.
https://medium.com/insolar/change-to-xns-coinomics-ace8fa53f8ca

>>28886238
could they just be for a non-blockchain related project on soveren that for some reason they're just using the same depository for? idk, i don't have a tech-background so i don't totally know how github works.

>>28886613
Anyone? I don't want the miss new schizo bombs when I miss a thread

>>28886113
Great idea, ive contemplated every possible scenario my imagination can come up with and i have yet not found anything damning to the point im not throwing a small bag on it, but im very interested in finding something i havent thought about. The arguments ive found against your theory are these;
Why do an expensive swap then? Why keep working on github? Why keep moderating social media? Why build a really advance product with clients in the pipeline and then just let it die? Soveren last fall was a really weird move and it must be related to the swap and the pilot that got put on hold. If im going full schizo the "payment"-client who delayed the project last fall was VISA and they threw a bone to Insolar saying "Get your coinomics, exchange and SEC in order and we will continue our business together, in the meantime build a privacy layer and well use it as a show of good faith". It feels like the team got even more silent after VISA and MASTERCARD sent out their crypto announcement a few weeks ago. Maybe team are a bit stressed, they need their shit together asap to keep previous clients and regulators happy and its taking a bit too long. The swap seems like a fuckin nightmare logisticly to be honest.

>>28887421
Think of it as a place to work on code together to help keep everything in order so it can be merged together.
So someone writes “paragraph 1”, someone else paragraph 2, 3, 4 and so on. Then someone in control of the repository can merge them all together.
It’s a very basic example of what it does, but I’m sure you’ll get the idea.
It’s possible they made all those commits as 1 line changes, but that’s a lot of effort.

>>28887233
Then they are lying, Svavyluhc(spelling?) or Stan confirmed it was for Insolar blockchain back when information was a bit more free.

>>28887421
There is two other TGs i know about but they are also full of "when lambo" and "i buy sextoys". The smallest one is better though. Just search Insolar on TG they show up

>>28871041
idk, sounds like Hedera is a competitor too, and Hedera already has way more involvement with big firms. The Insolar website has a bunch of vague "partners" logos pasted on the website but Hedera legitimately has owners and governance participants from Google, IBM, Boeing, Avery Dennison, DLA Piper, LG, and several more.

I think its kind of gay but I feel like a bunch of big companies are basically going to collude and choose their favorite DLT system, and Hedera looks like its doing well in that respect.

>>28887121
Fuck ive read that way too sloppy before, is this why they created Soveren? Insolar cant work with US individuals but Soveren can. Is that why VISA was immedietly on board with Soveren even though they were created in the fall? Why would VISA choose Soveren as partner if VISA wasnt the "payment client" that got put on hold during swap debacle? If so its bullish as fuckin hell

good job pajeets

you just convinced me to put $250 into your deadcoin. i hope your boss is paying you well for this delicious schizoposting

>>28889572
thank you sirs

>>28871041
Swiss guy here. The company is located in Canton Zug and form of enterprise is GmbH.
The sole reason to register a company in Zug is to save taxes, because they are the lowest in all of Switzerland, which is already a tax haven.
Also, check out pic related, their office is above a fucking animal food shop.
Here some data about the company. I am too lazy to translate
https://tiger.ch/hr/zg/soveren-gmbh/steinhausen/che402763654
In short:
>put in CHF 20.000 as deposit to be allowed to start the company. The very fucking minimum. No one takes a GmbH with minimum deposit seriously
>Almost all person mentioned are russian
>insane number of owners fluctuating, putting in or taking out couple of hundred bucks out or in of the company
>renamed recently
It is very fishy

>>28890055
welp looks like im out $250

>>28890055
Forgot to mention GmbH is similar to ltd. The company is liable with their deposit, which is why 20.000.-, the minimum, is pathetic

>>28890055
Checked but dumbpilled. No the company is not situated in Switzerland, its just a fuckin postbox to get a European adress for tax, business or regulation purposes i guess. The company is in Moscow and St Petersburg. TG-mods get very stressed when this swiss adress get posted and they claim "its nothing and leave it alone our office is in Moscow and St Petersburg come visit if you like we also got postbox in the US" kek. Bonus points is Hinterbergstrasse(the adress for the postbox) is mentioned in paradise papers

>>28890711
ty for the Hopium ivan

>>28890055
Do they get breaks to play with doggie??
Also, if I lose $150 I won’t die, I don’t suppose.

>>28890134
Dont worry your funds are safu

https://www.change.org/p/insolar-we-demand-secession-of-insolar-coin-swap-which-is-hurting-the-interests-of-the-community/u/28129417

>>28890865
thank you based cz

>>28890055
Another very sketchy thing is that they seem to be ignoring their website. Haven't even made a blog post since Sept 2020 and the Twitter hasn't said shit since January. They have also not updated the active exchanges. Biki and Bitmax delisted them and Kucoin just dropped the BTC/XNS trading pair because nobody was using it. Not sure if BitBTC is active anymore either.

Why the fuck would an active project leave up links to exchanges that don't support their shitcoin anymore? It's embarrassing.
>click Biki link
>takes you to Biki front page
>type in "XNS"
>no results found

This project smells like shiiiiiiit

>>28891575
forgot screencap

The 500m that is burned is not from the public it is from 500’ that is set aside for the business, has the team said otherwise?

>>28882698
>i do not think xns bagholders could have magicked this up to bagdump, it's just too complex/smart
Exactly...what kind of p&d pajeet fly-by-night operation actively SUPPRESSES the price while they buy their own supply with the intention of burning it? It makes no sense that this is a rug pull. It's a reverse rug pull: we are being tricked into thinking this is a dead coin when its not. The "rug pull" will be when the 500m is burned and Insolar's apparent NDAs expire and they can make announcements regarding everything they've been developing and networking. The "rug pull" (if it happens) would be when XNS shoots to fair value, which is 50-100mil mk cap.

>>28891575
Kucoin did not drop BTC/XNS
https://trade.kucoin.com/XNS-BTC
Shit-tier FUD

>>28891804
i hope so

damn im really gullible

i just threw $250 into this. i guess ill just hold the bags

>>28891804
Where are you getting this? There’s nothing that says the team is buying it back.

https://medium.com/insolar/change-to-xns-coinomics-ace8fa53f8ca

if any of you dummies were true XRP schizos then you wouldnt be too worried by looking at the obvious tech connections

>oh yeah, we got a deal with UraniumOne nbd
>https://www.forbes.com/sites/jamesconca/2018/12/13/russian-uranium-one-deal-and-hillary-clinton-in-the-news-again/?sh=22cbda0526d5

>>28892002
>The coins will be burnt on December 3, 2020.
hmmmmmmmmmmm

>>28890711
Check it out retard, it is the address on their fucking homepage. Nothing says something about russia. They obviously try to look legit and as if they are sitting in a fancy office in switzerland with 60 devs working on the coin of the future. Duh, I know there is no office, just a postbox next to a fucking animalshop. Cope harder, your money will be used to snort coke from a hookers ass in Moscow. I must admit, it is better invested that way than to remain in your hands

>>28891575
>>28891668
They did make blog posts about this, also on their twitter.
https://twitter.com/insolario

>>28892196
You’re basing this all off the potential that they are buying back from public, I doubt it dude, anyone lurking, be careful these guys will tie together anything to make you believe.

The fact is, this team could abandon this coin at any moment.

>>28891973
calm your tits anon, this shit was worth over $1 before investors jumped ship due to fears of SEC over regulation.

>>28892500
And where are you getting the SEC from I can’t find anything anywhere that ties SEC to INS or XNS???

>>28890928
This FUD was good back in Nov but what happened DEC-present makes it not applicable anymore

>>28892445
>The fact is, this team could abandon this coin at any moment.
They could, but they wont. They have a team of 72 people to pay + multiple offices around the globle, they had to go in and manually (yes manually) swap binance holders from INS to XNS, and not to mention that they're buying up over 500M of their own coin and that development is still active on GitHub. A little bit too much effort for a coin they would "abandon" don't you think?
>>28892600
It's been posted many times ITT
https://medium.com/insolar/change-to-xns-coinomics-ace8fa53f8ca

>>28887938
quality post

>>28892221
>2 hours to Davos
>1.5 hours to Liechtenstein
>The World Economic Forum (WEF) has formed a mining consortium
>Ledger Insight reported that Insolar was integrating its blockchain platform with the cloud services of Microsoft and Oracle.
>Switzerland-based Insolar is an open-source blockchain platform and serves businesses in the supply chain and logistics, energy, retail and automotive sectors

alright guys, time to find a more promising connection

>>28892221
You're a little bit retarded anon, you can check out their office locations here:
https://angel.co/company/insolario/jobs

>>28893034
>https://medium.com/insolar/change-to-xns-coinomics-ace8fa53f8ca
The same article claims the tokens should already have been burned 3 months ago. What am I missing?

>>28889004
Hashgraph is my favourite project. I was buying at 3-4 cents and I will unironically never sell my HBAR (stake it forever, I have a large bag)...that being said, there nonetheless seems to be an opportunity because even if Hashgraph is superior to Insolar, is Insolar really worth only $2.5mil mk cap? I mean, really? Dogecoin is worth $10bil but Insolar, a serious project, is worth less than a NY luxury condo? It makes no sense. It screams price suppression...

https://explorer.insolar.io/members/insolar:1A24vUp1dJZH28_zEraRxrYBin8jVHVOWJxPU7gSwUe0

might drop a bag, I want a moon mission sorry for my greed god

>>28889572
That's the thing though, it unironically isn't a dead coin, at least as measured by github commits, recent, big brain US patent filings, functioning media relations, etc. How is this a dead coin in any way other than the complete collapse (and apparent current suppression) of the token price?

brainlet here, what's the coin symbol name and where do i buy it?

>>28893644
XNS, try KuCoin (also other places, but KC's the easiest). but dyor anon, you're gonna have to hold this for a while if you buy and it's legit.

>>28893644
XNS, I bought with USDT from kucoin

>>28893370
You're missing this
>Coins will be unvested on December 3, 2020.
The same day as the burn. After the burn the coin shot up to over 1$ and everyone immediately sold after finally having access to their coins. The SEC fucked them in the ass hard over coinomics bullshit, that's why this project is so undervalued.

>>28893783
>you're gonna have to hold this for a while
gonna drop $300 on it and forget about it for 5 years.

>>28893483
nervous & panic

>>28893899
anon, did you liquidate your house for this shit?
why are you so sweaty?

Thank you sirs my village is grateful for your kind promotion

>>28893982
if its a pnd scam on a deadcoin im gonna have to catch it

>>28893258
Good digging

AUSFAG here how do i buy?

>>28891736
No, the sketchy part is there is one wallet with 400mil coins in it, so either they are using the funds pre burn(the 500 was suppose to be "locked away" and not in circulation according to Insolar which means this needs to be burn wallet cause otherwise there wouldnt be enough coins for other wallets), have problem collecting them(maybe gave some away to partners before change of coinomics?), or are very slow transfering them from wallets to burn wallet. The last possibility seems unlikely cause the funds going to burn wallet are sketchy as fuck, looks like creative accounting. Anyone wanna go down one hell of a rabbit hole try backtracking funds from burn wallet and see where they come from. I havent had enough free time to map it out but what ive discovered is it goes like this: Funds come from a long string of wallets(WEIRD TRANSACTIONS, for example 1000 in, 2499 in, 3499 out, same number is repeated in different wallets)-arrive at wallet collecting funds from all different ones-Kucoin wallet-Burn wallet. According to this(https://www.kucoin.com/news/en-kucoin-will-support-the-insolar-xns-mainnet-upgrade?lang=en_US)) Kucoin will facilitate the switch to Mainnet, ergo the burn, so it makes some sense it goes through KuCoin before burn wallet(Maybe KuCoin control burn walle even?) but the transaction leading up to it looks cooked.

>>28894077
worst case scenario, you lose $250
but if this thing turns out to be the slightest bit not dead (and it's probably not dead) you're looking at a 60x, minimum.

>>28893857
>after the burn
Wait, so the burn already happened? Then why are we tracking that wallet that has accumulated over 400 mil XNS?

>>28894300
sorry I’m not autistic enough but I am autistic enough to blindly follow schizos and repeating numbers so I dropped 2k thank you fren

>>28894449
nevermind, holy shit I just saw that wallet on insolar explorer and that the market cap was still 1B, this whole time I assumed CMC was outdated
burn has not been done yet
this is bigger than I thought

I big retard in with $150 and now I’m massive retard with $175
Imma make it bros

>>28893483
>https://explorer.insolar.io/members/insolar:1A24vUp1dJZH28_zEraRxrYBin8jVHVOWJxPU7gSwUe0
This is burn wallet

get rekt

>>28894585
December 3rd was when the coins were unvested. I think their GOAL was to burn the 500mil on Dec 3rd, but they clearly were incapable of accumulating the coins in order to make it happen...and the only source of supply is the two or three exchanges that still have XNS listed...hence the apparent price suppression. They can't just throw down a market order for a fucking 100mil coins, it would blow up the order book.

>>28894077
Checked and overly anxious pilled. Calm your tits anon i can guarantee its no PnD. Youll mght loose our money but its not due to PnD and rug pull

>>28894797
My understanding is that the ICO investors were fucked over, yes, but SPECIFICALLY BECAUSE INSOLAR DECIDED TO MAINTAIN COMPLIANCE WITH THE SEC. They cared more about the SEC than retail fag coin holders. Why? Because Insolar's clients are strictly billion dollar companies that REQUIRE SEC compliance from all their partners. Insolar basically got fucked by the SEC, but they took the fucking in order to maintain their ability to do business with Wall Street. Look at that as shady or dishonest if you want, but another perspective is that that is actually very bullish considering the situation right now.

Guys I think I have found a very promising coin. I don't want to mess this thread, but I just want to help. This coin has a low market cap and it is still undiscovered, HYVE.
Please do your own research and don't trust me this easily. But do your own research and earn some easy money. Dont be a sleeping sheep, but be the smart one. https://www.coingecko.com/en/coins/hyve

>>28894801
>I think their GOAL was to burn the 500mil on Dec 3rd

According to the team that is correct:
>The 500,000,000 XNS coins that were set to be created as part of different incentives for enterprise, developer, and network adoption will be burnt.
>The coins will be burnt on December 3, 2020.

https://medium.com/insolar/change-to-xns-coinomics-ace8fa53f8ca

>>28894797
anon, I hope you at least read the article first before disregarding it.
they tried to support american customers by complying with the SEC, who introduced a 1B marketcap and 3 year vesting. people were scared that they were going to lose their money forever if it was locked away for three years, so they complained and insolar released the coins and they all panic sold.
that's why this shit is dirt cheap now.

>>28889004
where do u stake hbar fren?

100$ and i forget about it.
Just 1 of 20 such grassroots.
If 2 hit x10 i am at 0, after that profit.

>>28895102
Some of the best money making opportunities, both in value investing and trades, is when there is intense FUD that turns out to have been unfounded. "Buy when there is FUD running in the streets," as Rockefeller put it.

>>28894797
Retard, yes of course something smells rotten in the state of Denmark. However the bet is if this smell is to fool investors of the last percent of a coin thats 99% down or if its to try to fool the investors for the other 99%. Why the fuck do you spend 300k in ETH on swapping a coin which MC(at the time) was barely higher?

>>28893304
Anon, I don't give a fuck about some obscure job search webpage. I went to their fancy webpage and tried to find an address. Nearly impossible. Wtf is this anon? The only thing I found was in their privacy policy:
>For any further information regarding the management of the Personal
data, please feel free to contact the Company at general@insolar.io.
Alternatively, you may send your written request to the Company’s
offices at Trinity Chambers, PO Box 4301, Road Town, Tortola, British
Virgin Islands
What is this shit, anon? You wanne tell me this seems professional? I mean I'm OK if you say fuck it, throw in 50$, see what happens. But trying to prove this is a legitimate professinal company shows you are potato

>>28895098
Officialy they claim its because the swap wasnt complete, and by that they mean the frozen INS on Binance and Bithumb. The swap with the vesting, that got removed, was completed by then.

>>28895386
>why the fuck do you spend 300k in eth on swapping a coin which mc at the time was barely higher

Do we know for sure they spent that much, or something close to it, on swapping coins? and if they did, is there ANY plausible reason for them to be doing it other than that they expect it to blow up in price post-burn? this would be really strong evidence for the bullish hypothesis on xns, can any hyperautist anons look into it?

>>28894723
are you sure it's not the KuCoin wallet?

>>28895398
Try finding an office adress on Hedera or any other fuckin developer on their webpage. Even Etherum has a fuckin shady swiss adress. Get better FUD

>>28895001
>Look at that as shady or dishonest if you want, but another perspective is that that is actually very bullish considering the situation right now.
Yeah, t's pretty much the antithesis of what people want in a crypto. They willingly screwed the retail investors to side w/ big money partnerships. I shouldn't even say willingly since it was out of necessity to comply with SEC. But that's showbiz baby. Very bullish indeed for people who can overlook that mess

>>28895866
slight retard here but the KuCoin wallet couldn't have more than ~99,000,000XNS based on CMC

>>28895866
Yes because there is only 1bil in circulation, even less since swap isnt completed fully. This(insolar:1A08R8Gy-mq1m_jdQ6KBa-BAkdffxHCPbhw1ZSN8iHzo) should be exchange wallet(KuCoin) it sends to burn wallet and is consistent with exchange behaviour for example small amounts moving in and out.

>>28895398
>almost entire team is white
>all connected to LinkedIn
>59 employees listed at LinkedIn
>individual profiles reveal that these employees still work there
>serious STEM degrees

>>28896703
WDYM with last paragraph?

>>28891900
https://www.youtube.com/watch?v=trAi-P48If0

my bad, got that confused

>>28893808
i'm trying to think of a faster way to be able to trade on kucoin. my cc and debit card both are rejecting my orders on kucoin (which is taking like a 10% cut too lol). i have to wait 5 days to send anything from coinbase too, don't have any eth laying around. being a burger can be frustrating with this shit.

>>28897300
I’d recommend setting up a MetaMask. Can charge it directly through Apple if you’re an iOStard. Took me all of 5 minutes to move things over and swap ETH for some.

>>28896814
are you a pirate or do you invest in future business ecosystems?
grow some brain cells, man

>>28895640
No you are correct, its less. I was sloppy in my research, 360k is for the whole contract, i have no idea how much the fees are for the manual swap but should be able to be calculated if you know exact dates.

>>28897406
Retard where does he get the number from?

bump

thoughts on this comment i found?:

"Most of the team has scrubbed Insolar from their LinkedIn. Why? If you would never do business with them, do you really think any F500 Enterprise would. Even if news - their communication skills will not foster growth. Yes guys will say NDA, these guys are clueless, NDAs don’t prevent you from running your business and communicating, only from releasing sensitive market impacting or proprietary information. Anyone that thinks a NDA prevents the CEO from Tweeting “Hi Guys, lots of exciting stuff going on behind the scenes please forgive our lack of communication, we hope to be able to release A, B, C etc by mid -Feb etc etc” doesn’t really grasp the legal scope of a NDA.The platform works, the coin XNS exist, unless they are porting all the tech over to Soveren (doesn’t seem likely, different business proposition) I cannot fathom this absolute marketing/communication blunder or reasons to abandon the XNS project...."

>>28897787
made up numbers from INS ticker
https://coinranking.com/coin/ixZykVvxITD2z+insolar-ins

>>28897400
i have a ledger and am familiar with metamask. you mean just buying the usdt straight from metamask?

>>28898770
>what is front facing customer app?
>what is back end geek tech?
same reason why DS worked with Ripple, Polysign and Polymath -- multi-prong approach

>>28898987
sorry, not actually familiar with anything regarding the ripple saga, never got involved with xrp. what do you mean regarding front facing app vs back end tech? what's that have to do with the team not at least saying "hey guys, please excuse our lack of communication etc"?

>>28897787
pretty much this: >>28898798
disregard frens

>>28899133
maybe they dont want retail investors in their project anymore, enterprise is much more lucrative :)

>>28898770
They used to be much more communicative, but something went awry last fall. According to Insolar themselves stuff is happening but their client have told them to not utter anything at all.

>>28898770
>Most of the team has scrubbed Insolar from their LinkedIn.
This is not true, all of them still have Insolar on their LinkedIn.

>>28899860
https://www.youtube.com/watch?v=FHt9Hz7ZKvQ&ab_channel=NothingNew

>>28898770
Also, who changed from Insolar to Soveren, according to my research its not that many and exclusively top management? Its clear its the same entity either way. I know head of archiretect Kiril or whatever the fuck the russian name is changed but according to TG-mod he wasnt even aware and after talking to Kiril he confirmed but said he is still working in Insolar. Purely cosmetics

>>28899922
It was some time since i checked but Zhulin, Kirill and some other had Soveren and not Insolar.

>>28898770
>Most of the team has scrubbed Insolar from their LinkedIn
Still up for the profiles I checked, pic rel is CEO

Buckle up gentlemen. We are in for the ride of our lives.

turns out nobody cares about buying actual bitcoin through their lightning swap after you've paid hundreds of dollars to establish the bridge when you can spend 10cents and buy wrapped btc on binance

your shitcoin will never moon

https://www.change.org/p/insolar-we-demand-secession-of-insolar-coin-swap-which-is-hurting-the-interests-of-the-community/u/28129417

>>28900398
Wrong thread dufus

>>28898904
I sent ETH from MetaMask to KuCoin, swapped ETH to USDT there, then USDT to XNS.
Sorry for the late response. Work and what not.

>>28900398
This is the XNS thread, you're looking for the XSN thread kek

>>28901901
no worries. i just wish i could do it directly through kucoin. so many fees in that chain of swaps, including eth gas!

>>28900488
I don't understand people concern that Soveren, will replace Insolar, if anything looking at that inventory system makes it look like Soveren will be utilizing Insolar.

>>28902844
>Soveren will be utilizing Insolar.
That’s my guess aswell

This feels like its gonna dump and has already exit scammed. Like btc private

>>28903268
ok what else do you suggest?

>>28903713
I don't know. Bit this feels like GME a little too.

how come I can't buy it on uniswap? it just says price impact too high

>>28904554
It’s not an ERC-20 token, that’s why. You can get it on KuCoin.

>>28904085
>this feels like GME a little too.
how new are you?

>>28904636
alright thanks anon

>>28904879
I mean that in a bad way. Like buying at the top

>>28905181
Dude zoom the fuck out, how is this buying at the top

>>28905181
if by buying at the top you mean buying when it's at 1% of its all-time high, then sure. what the fuck are you talking about?

We may have found out x1000 coin or pile of garbage.
Throw ammount you can write off.

another one for the filter
discord trannies please kys
of course saged

>>28905790
Why should it 1000x

>He got the letters backwards
You poor, poor brainlet.

>>28906167
I don't know about 1000x, but Insolar is definitely worth more than $2.5mil mk cap in this market. We have coins that are worth hundreds of millions or even billions of dollars that are utter shit, unironic pajeet scams, or are self-admitted meme coins...so why should it moon, well because $2.5mil makes no sense in this market...this price is being suppressed, and if/when that suppression ends (and half the total supply is nuked) how is, say, $100mil market cap not out of the realm of possibility?

All will be made clear within a month or two. No risk, no reward.

anyone else use the insolar ledget app to store this? is it safe? i noticed it's in developer/experimental mode only...

>>28906904
I have a few thousand in there from my swap from INS. Seems fine, transfer is instant.

>>28906904
>>28906904
Apparently it only works on a brand new Nano, or one that has been factory reset. I just used their wallet and encrypted the keyfile. If you don't fuck that up its safe.

>>28906873
This is the conclusion I made. I bought. I have my position which is calibrated appropriately given the risk/reward ratio. I'm willing to lose every penny of it. Now I wait...Once that wallet hits 500mil we will know we're about to find out if Insolar is dead or not.

>>28907091
how would one encrypt it? is there a feature or do i need some tech knowledge?

anyone see this: https://www.reddit.com/r/insolar/comments/llfln4/odd_that_insolar_will_not_be_in_the_blockchain/

someone claimed that soveren isn't even using ledger technology. and said again here:

https://www.reddit.com/r/insolar/comments/lldynr/so_if_their_new_company_soveren_doesnt_use_ledger/

>>28907485
I'm not about to load a revolver and place it in your hands. If you don't know how to properly encrypt a file, you need to do research on your own and learn how to do it. Some anon on /biz/ does not count as research. If you fuck it up, you brick your wallet for all eternity.

>>28907720
haha alright man was just seeing if it was a simple process or not, wasn't aware it was such an involved process apparently

>>28907713
See the first three posts ITT.
>Patent, Jan 28 2021:
>Applicant: Insolar
>System and Method for Extendable Cryptography in a Distributed Ledger
Literal shill. Kinda makes me wonder why he would be posting such obviously fake FUD...almost like someone wants the price of XNS to stay low...

>>28907843
It isn't that its terribly complicated...you don't need to code or anything. I just want to stress that you do have to be aware of what you're doing because the consequences of making a mistake are irrevocable. Just making sure you don't get burned.

It's just so definative and explicit....there IS an announcement, but they CAN'T get into details SPECIFICALLY because of an NDA...and then those big brain blockchain patents are filed in the first 2 months of 2021...token burn still hasn't happened as promised because their wallet hasn't been able to accumulate the 500 mil yet...like the thread title puts it, what the actual fuck.

I'm not a TA guy but what happens here if there is news announcing a major partnership with a payments company either preceding or shortly following the token burn?

>>28871063
>>28871110
>Russiancoin

>>28909157
That bends over backwards and twists itself into a pretzel to conform to SEC regulations, even at the cost of alienating ICO (mostly retail) investors...yup, confirmed shell game for sure

bump

>>28902193
why not have both moon?

Anons may find this of interest: Insolar Economic White Paper:
https://insolar.io/uploads/Insolar%20Economic%20Paper.pdf

dug into this a bit, a senior software dev has listed that he stopped working for insolar in dec 2020 - around same time everything went quiet. they were supposed to do token burn on dec 3 2020 as well but it hasn't occurred... haven't checked how recently the 400 mil wallet has received more XNS, suspect it hasn't since dec.

seems more likely that their radio silence / potential NDA is more likely to be because they are in the legal processes of ceasing operation.

grabbed 16,000. Let's see what happens.

Insolar had to do the token swap because they realized that what their prospective clients really wanted from blockchain was impossible to provide with an ERC20 token.
>OH REALLY!
They realized that they had to abandon the ERC-20 token even if that meant conducting a swap that ICO investors wouldn't necessary be comfortable with (and they weren't...)
>All INS ERC-20 token holders receive 500 million XNS coins with 1:10 swap. In total there will be 1 billion XNS coins, so the dilution is moderate. Additional pools (Network incentives, App Developer incentives, Foundation) are locked with 10-year vesting.
ICO investors were pissed that there was dilution, but did Insolar really "get greedy" or were they responding to what their clients were asking of them in terms of potential services that they're mainnet tech could provide? And of course, now we know that that 500mil of "additional pools" is in fact being burned...

>>28910715
So what about those blockchain patents that are being filed as recently as early Feb? Doesn't sound like a company that is about to be sued into oblivion.

TL;DR the SEC fucked over Insolar, but Insolar begrudgingly complied because they want to be able to do business with Wall Street

>>28911065
2/2
TL;DR the SEC were going to potentially consider XNS a security if they did not vest existing token holders

>>28910901
haven't looked for them, which database are they in?

Insolar's TL;DR regarding token swap...they needed to escape ERC-20 hell, and the tokenomics of their mainnet coin, XSN, required additional pools for staking and network incentives...makes sense, but then it sounds like the SEC rolled up and said "Nope, you can't do that without vesting the XNS that's being swapped or else we'll consider it a security...so that's where the disaster happened

>>28911467
http://appft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnetahtml%2FPTO%2Fsearch-bool.html&r=2&f=S&l=50&co1=AND&d=PG01&s1=%22Insolar+Technologies%22&s2=Insolar&Query=%22Insolar+Technologies%22+AND+Insolar

>>28910833
>investors expected coin with completely new consensus system and architecture to stay on ERC-20
absolute retards, hope they sold for a loss.

>>28907855
yeah it's weird. those are employees directly going out of their way to respond to emails and saying definitively the opposite. I don't understand.

>>28912200
The smart ones would have recognized that Insolar clearly was in discussions with specific companies who were requesting services that could never be rendered by an ERC-20 token, but could with XNS on a mainnet. This should have been seen as bullish, in the long run, even if dilution was part of the deal. Corporations dilute their shares all the time and often for good reason: in the long run, the cash infusion can support growth that pays back shareholders have many multiples. But I think the SEC triggered debacle spooked them.

>>28913090
by*

STOP BUMPING THE THREAD YOU FUCKING NIGGERS
OP DESERVES A BULLET I NEED TO BUY AT LEAST 3 MILLION YOU FUCK

SAGE

SAGE

>>28913177
Checked. What's wrong anon?

>>28913564
That's not an anon, that's Insolar

I just don't understand, why put so much effort into XNS if it looks like HBAR is being groomed to take over eth?

>>28913794

>>28889572
You did the needful sir.
Commence the dump.

>>28914293
I love Hashgraph. I own a huge HBAR bag that I will unironically never sell (bc staking). However, it must be admitted that XNS at the very least is a competitor to HBAR. Read their white paper and look into their tech...these guys aren't playing soft ball, they have a legitimate product here. Now, considering that, how is XNS's market cap a mere $2.5mil...what is the market cap of one of Hashgraph's competitors, Algorand? $1.4 bil... IOTA $3.4bil. Yet Insolar, which is apparently filing major big brain blockchain patents as recently as a week or two ago, is a mere $2.5mil...this isn't about who wins this game, ultimately. It's recognizing the XNS may well be severely, severely undervalued in the present market.

>>28893589
>functioning media relations
no motherfucker, they've gone almost completely radio silent

also
find me literally one source which isn't chink or pajeet shit that says they've partnered with Oracle or Microsoft or
just one, ideally from one of the F500 sites

>>28914773
>https://www.bloomberg.com/press-releases/2019-12-03/cointelegraph-consulting-launches-with-partners-insolar-and-vechain-to-expand-enterprise-blockchain-adoption
>Insolar counts
Microsoft, Oracle, UC Berkeley, AT Kearney and Innosuisse among its partners
and customers.
>https://www.bloomberg.com/press-releases/2019-04-09/insolar-accepted-into-blockchain-in-transport-alliance

>>28915648
ffs fucked up the formatting there. time to kms.

>>28914773
The founder doesn't strike me as a fly by night scammer.

>>28915693
Fucking pajeet Goldman Sachs.

>>28915648
Oh sweet, thanks.
Just bought $200 worth, I guess we'll see...

>>28913794
kek

Alright fuck it, I've spent too much time following to not do anything. Just threw a bunch of stagnant KCS at it and we'll see what happens. Too good of an opportunity to turn a little bit into a lot.

Interview with Peter Fedchenkov posted about a year ago.
https://soundcloud.com/crypto101podcast/ep-277-insolar-the-blockchain-for-every-business

>>28915892
good find, thanks

I'm in for 50k but as I read the threads more and more I don't know if that will be enough.

>>28915719
Thanks for the laff

i bought dump it now guys

NEW THREAD:
>>28917874
>>28917874
>>28917874

Features new summary of the situation that I wrote up