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Inspect

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Discover Inspect's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Inspect?

Inspect (INSP) is a Layer 2 SocialFi protocol that integrates social media, particularly X (Twitter), with the crypto world. It provides real-time data and insights on crypto projects and NFTs, enabling users to track market trends, access detailed information, and make informed investment decisions. The INSP token is used for transaction fees, governance, and other functionalities within the Inspect ecosystem.

How is Inspect used?

Inspect (INSP) is a utility token that powers the Inspect platform, a Web3 Social Intelligence tool. The platform is designed to provide users with advanced tools and insights to excel in the cryptocurrency market. It offers a comprehensive web-based platform and a Chrome extension that uses AI to automatically detect NFTs and their communities on Twitter, providing additional information and functionality.

Key features of the Inspect platform include:

  • NFT Insights: Inspect places an Ethereum/Solana logo on Twitter, which, when clicked, displays information on traits, sales, rarity, and more directly over the user's feed. This helps users research giveaways, uncover new collections, and track NFT sales history.
  • Community Analytics: Inspect allows users to see all individuals using NFTs from a collection as their profile picture, ranked by reach within the community. This enables users to directly follow influential players or core members in the development team.

The INSP governance token ensures decentralized governance, making the platform community-driven and responsive to users' needs. The token is used to facilitate various activities and interactions within the Inspect ecosystem, enhancing the overall user experience and promoting community growth.

How do I store Inspect?

To store Inspect (INSP) tokens securely, it is recommended to use "Cold Wallets," which are offline wallets. There are two types of cold wallets:

  1. Paper Wallet: This is created by generating a public and private key offline and printing them on a piece of paper. The keys are in the form of QR codes that can be scanned for future transactions.

  2. Hardware Cold Wallet: This is a physical device where you can store your cryptocurrency. Your crypto addresses and keys are kept in a USB drive device, and only the person with the USB drive can access the assets. Most people prefer hardware cold wallets, especially for storing large numbers of coins or tokens.

How to buy Inspect?

To buy Inspect (INSP) tokens, follow these steps:

  1. Choose a Crypto Exchange: Select a reliable cryptocurrency exchange that supports INSP, such as KuCoin, CoinEx, Bybit, gate.io, or MEXC. Each exchange has its unique features, fees, and security measures, so research and compare them to find the best fit for your needs.

  2. Create an Account: Register a free account on the chosen exchange by providing your email address, mobile phone number, and country of residence. Ensure you create a strong password and set up additional security measures like two-factor authentication to protect your account.

  3. Verify Your Account: Complete the Know-Your-Customer (KYC) process by providing personal information and uploading a valid photo ID. This step is necessary to increase withdrawal limits and unlock additional features like crypto loans and staking options.

  1. Add a Payment Method: Add a credit/debit card, bank account, or other accepted payment methods to your exchange account. This will allow you to deposit funds and purchase INSP tokens.

  2. Buy INSP Tokens: Use your added payment method to buy INSP tokens. You can purchase them directly with fiat currency or exchange other cryptocurrencies for INSP on the spot market. Be aware of the current market price and fees associated with your transaction.

  3. Store Your INSP Tokens: After purchasing, you can store your INSP tokens in your exchange account or transfer them to a non-custodial wallet for added security. Consider using hardware wallets or paper wallets for long-term storage.

By following these steps, you can successfully buy and manage your Inspect (INSP) tokens.

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History of Inspect

Inspect (INSP) is a Layer 2 network innovation built for X (Twitter), functioning as a SocialFi protocol that allows users to explore crypto and NFTs through their social media ecosystem. It serves as a real-time data and analysis tool, providing users with insights into crypto projects and NFTs.

Inspect's native token, INSP, has a maximum supply of 1 billion tokens. Initially, the token was launched at $0.20 and reached a high of $0.32 before gradually dropping to $0.19. The token allocation heavily favors investors and the core team, which could lead to selling pressure and potential price drops if not matched by strong demand.

The token's price has fluctuated over time. In the past 24 hours, the crypto has increased by $0.0006 in its current value. For the last 7 days, INSP has been in a good upward trend, increasing by 0.88%. During the last month, the price of INSP has increased by 47.31%, adding a colossal average amount of $0.03 to its current value.

Inspect's tools and features include real-time on-chain insights for tokens, NFTs, and traders, a comprehensive portfolio view, simplified NFT investment tracking, and AI-powered tools analyzing social influence and transaction histories. The platform aims to create a dynamic space for users where social networks can be integrated with crypto, reshaping the dynamics of interaction between crypto and social media platforms like X.

The token's utility includes processing transaction fees, staking for validator nodes, governance voting, and use as currency for subscriptions, ads, and API fees. Additionally, staking INSP tokens provides benefits such as fee discounts, access to hidden data, and whitelist eligibility.

Inspect's strong competitors include Arkham (ARKM) and Alpha Scan (ASCN), which also provide data and insights but through different platforms and methods.

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How Inspect works

Inspect (INSP) is a cryptocurrency designed to facilitate Web3 social intelligence. It operates as the native token within its ecosystem, which is built as the inaugural layer 2 infrastructure for X. This infrastructure provides users with access to various tools and resources that offer valuable insights and essential functionalities for navigating the cryptocurrency and NFT realms.

Key Features of Inspect (INSP)
  1. Layer 2 Infrastructure:

    • Inspect is built on top of X, providing users with a range of tools and resources to enhance their market analysis capabilities and comprehension of social movements within the crypto domain.
  2. Native Token:

    • The INSP token serves multiple purposes within the ecosystem. It processes transaction fees, data storage costs, and participates in the operation of validator nodes through staking. Additionally, it has governance voting rights and can be used as a currency for subscriptions, ads, and API fees.
  3. Staking Benefits:

  • Users who stake their INSP tokens receive benefits such as fee discounts, access to hidden data, whitelist eligibility, and more.
  1. Buyback and Burn Mechanisms:

    • The project plans to utilize revenue from project listings, add protocols, and aggregator fees to implement buyback and burn mechanisms, which can help maintain token value.
  2. Real-Time Analytics:

    • Inspect provides real-time analytics, which is crucial for understanding social media movements and their impact on the markets. This feature is particularly useful for investors seeking to make informed decisions.
  3. Tools and Resources:

  • The platform houses a curated array of tools that empower users to make more informed decisions within the crypto and NFT spaces. These tools include premium features for monitoring crypto wallet data, offering profound insights into market trends and social movements.
How to Buy and Store Inspect (INSP)

Inspect can be bought through various exchanges, including decentralized exchanges (DEXs) and centralized exchanges like KuCoin. To purchase INSP, users typically need to follow these steps:

  1. Create an Account:

    • Register on a supported exchange, such as KuCoin, and secure the account with necessary verification steps.
  2. Add a Payment Method:

    • Add a payment method to the exchange account to facilitate the purchase of INSP.
  3. Buy INSP:

  • Use the added payment method to buy INSP tokens on the exchange.
  1. Store INSP:
    • Store the purchased INSP tokens in a non-custodial wallet or the exchange's own wallet for safekeeping.
Investment Considerations

Before investing in Inspect (INSP), it is essential to carefully consider the associated risks and market volatility. Cryptocurrency prices can fluctuate significantly, and investors should only invest in products they are familiar with and understand the risks involved. It is also recommended to consult with a financial advisor before making any significant investment decisions.

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Inspect's strengths

The token Inspect (INSP) has several strengths that contribute to its utility and value within the Inspect ecosystem.

One of the primary strengths of INSP is its multifaceted nature. It serves as a governance token, allowing holders to vote on proposals and decisions concerning the ecosystem. This empowers users to participate in the development and direction of the project, fostering a sense of community and ownership.

Another significant strength is its role in facilitating various transactions and activities within the ecosystem. INSP is used to pay API fees, purchase advertisements, and make subscription payments. Additionally, staking INSP tokens provides users with discounts, access to more data, and whitelisting for new products.

The token's utility is further enhanced by its use as an incentive mechanism. It promotes desirable community behaviors and actions, which in turn drives the growth and success of the Inspect ecosystem.

Furthermore, the token's supply is designed to decrease over time due to a buyback program and burn mechanism, which can help maintain a stable and potentially increasing value.

Lastly, the token's integration with the X platform (Twitter) and its ability to provide real-time analysis of crypto and NFT data make it a valuable tool for users seeking insights into the crypto world.

Inspect's risks

Inspect (INSP) is a cryptocurrency that has been evaluated for its financial risks. According to InvestorsObserver, INSP has a low risk score, indicating that it is a relatively low-risk investment. This score is based on factors such as the amount of money required to move the price over a 24-hour period, changes in volume, and market capitalization. The proprietary scoring system calculates the risk level on a scale of 0 to 100, with low values representing high risk and high scores indicating low risk.

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Did Inspect raise funds?

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Inspect's ecosystem

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Inspect’s team

  • Inspect Team Members:
    • Oleg Mijovic
    • Dan Guevara
    • Ryan Godson
    • Ryan Markstrom

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The fundamental analysis assistant for crypto value investors.

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