Connect with us

Bitcoin

Inery Token $INR goes live on BitMart Exchange

Singapore, Singapore, 11th November, 2022, Chainwire $INR is live on BitMart Exchange after several strategic partnerships and a successful listing on Huobi Global. The deposit feature opened on November 9, and the trading feature is set to open on November 11. BitMart’s listing is the result of community vote and request to list $INR token…


Singapore, Singapore, 11th November, 2022, Chainwire

$INR is live on BitMart Exchange after several strategic partnerships and a successful listing on Huobi Global. The deposit feature opened on November 9, and the trading feature is set to open on November 11. BitMart’s listing is the result of community vote and request to list $INR token on exchange.

Inery is a proprietary layer-1 blockchain specifically designed to address database management to fuel a paradigm shift in how data is handled. Inery’s native token, $INR, is to be listed on one of the leading and most trusted cryptocurrency exchanges in the world, BitMart, which serves over 9 million users in 180+ nations and supports 800+ crypto trading pairs and over 750 high-quality cryptocurrencies. Inery has the opportunity to expand its offerings and to change the way people view data management.

Ambitions to Decentralize Data

The Inery ecosystem structure is designed to break down Web3 barriers. The Inery ecosystem is structured in a way that breaks down Web3 barriers. It integrates blockchain functionalities with distributed database properties. Inery’s high-performance, security, and scaleability allow it to be used in many sectors such as real estate, gaming finance, government, healthcare, and other financial services.

Inery aims to interoperate between chains and other industries without compromising performance, scalability or security. It is built on top of the layer 1 proprietary blockchain and runs on memory nodes. The decentralized database management system (DBMS), allows users to perform CRUD operations, as well as having complete ownership and control over their data. Only users with pre-defined permissions have access to it. This is crucial in an age where user-generated content, big data, and other information are constantly streaming in. The physical world is now able to migrate to the virtual realms, but it is also vulnerable to hacks, loss, and manipulation by big tech.

The $INR token is critical in the security and powering of the ecosystem as well as being a unit for exchange to access the decentralized storage of IneryDBMS.

Milestones

This listing is just over a month after the INR token was listed successfully on Huobi. It was very well received. Prior to that, Inery had launched its first public testnet and launched a set of activities where users are rewarded for completing sets of tasks. The second set of activities is currently ongoing, where the testnet has already registered 2000+ master and lite nodes from over 10 countries worldwide.

Inery has also carried out successful VC rounds, seeing firms like Metavest invest at a valuation of $128 million and Global Emerging Markets (GEM) commit $50 million. Other VC investors include Nebulous Holdings AG, Menas Global, Cap Lion Point, Truth Ventures, and Zazen. It has also strategically partnered with firms like NexBloc and EDDAVerse, and recently inked an MoU with Bharat Electronics Limited (BEL), a Navratna’s PSU that handles the entire Indian PSUs’ technical parts. The project has also been recognized as the “Best Emerging Blockchain Solution” at the Leaders in Fintech 2022 Awards.

Listing Schedule

Inery is scheduled to be listed on BitMart on November 11, with the trading pair: INR/USDT.

  • Deposits started on 09/11/2022 at 3 PM (UTC)
  • Trading starts on 11/11/2022 at 3 PM (UTC)

About Inery

Inery, a layer-1 solution for blockchain, is designed to open up the doorway towards Web3. It enables interoperability between blockchains and facilitates a smooth transition from Web2 into decentralization. Inery’s easy-to-use GUI removes all barriers to blockchain communication. It allows for layman-level communication between end users and the blockchain while maintaining unparalleled security, privacy, confidentiality, data sovereignty, and so on.

Contact

Director of Marketing & PR, Tijana D Gertner, INERY PTE. LTD., [email protected]


Share this article

Categories

Read More

Continue Reading
Advertisement I show You how To Make Huge Profits In A Short Time With Cryptos!
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Bitcoin

Former Coinbase Business Developer: ‘There Wasn’t a Long-Term Case for Bitcoin Payments’

Nick Tomaino, a former business developer and marketing lead at Coinbase, explained how the idea of bitcoin for payments gradually lost its relevance in the market. Tomaino detailed that Coinbase rode this premise back in 2014 to raise $125 million in two funding rounds, but it was quickly clear that there was not a case [……
Read More

Continue Reading

Bitcoin

Japanese Corporation Metaplanet Acquires More Bitcoin, Stock Price Soars

Metaplanet, a publicly traded corporation on the Tokyo Stock Exchange, has announced an investment of 23.351 bitcoins, with an average purchase price of 10,706,180 yen per BTC, totaling 250 million yen ($1.6 million). The company now holds 141.0727 bitcoins, with an average purchase price of 10,278,391 yen per BTC…
Read More

Continue Reading

Bitcoin

BTC slips amid poor debut for Hong Kong spot ETFs

Bitcoin fell to under $62,000 after spiking past $64,700 earlier as Hong Kong spot Bitcoin and Ethereum ETFs began trading. Data showed trading volumes hit just over $11 million, against expectations of over $3oo million. Bitcoin price fell below $62,000 again amid market reaction to less than encouraging numbers from the first day of trading…


  • Bitcoin fell to under $62,000 after spiking past $64,700 earlier as Hong Kong spot Bitcoin and Ethereum ETFs began trading.
  • Data showed trading volumes hit just over $11 million, against expectations of over $3oo million.

Bitcoin price fell below $62,000 again amid market reaction to less than encouraging numbers from the first day of trading for much hyped spot Bitcoin and Ethereum ETFs in Hong Kong.

BTC was down about 1.4% at the time of writing, having touched lows of $61,587 across major crypto exchanges.

The benchmark cryptocurrency, which has struggled to reclaim key levels since its recent halving event, was seeing a 24-hour trading volume of $28.4 billion.

Bitcoin price and Hong Kong spot ETFs debut

Earlier, Bitcoin price surged to above $64,000 as the six spot Bitcoin and spot Ethereum ETFs went live in Hong Kong.

The flagship cryptocurrency rose to over $64,727 on US-based crypto exchange Coinbase. BTC also soared after reports Hong Kong approved the listing of the ETFs.

NEW: 🇭🇰 Opening ceremony of Hong Kong spot #Bitcoin ETFs 👏 pic.twitter.com/ux1eb5PqRn

— Bitcoin Magazine (@BitcoinMagazine) April 30, 2024

However, as data streamed in showing disappointing trading volumes and inflows, Bitcoin price took a hit. According to details of the six ETFs’s debut day, total trading volume reached just $11 million, not impressive given projections were much higher at over $300 million.

Bitcoin ETFs saw about $8.5 million while Ethereum ETFs recorded just $2.5 million on the first day. Ethereum price fell to $3,040.

Notably, the figures from Hong Kong are way lower compared to those recorded amid the enthusiasm that greeted the launch of spot Bitcoin ETFs in the US in January. On their debut, the US spot BTC ETFs raked in over $4.6 billion in trading volume.

The start to trading for the ETFs has not helped BTC price and BTC could face a slide under the $60k level if sentiment flips negative. On the upside, resistance at $65k remains critical and a breakout could see the bellwether digital asset soar towards its recent peak.


Share this article

Categories

Tags

Read More

Continue Reading

Trending

Copyright © 2017 Zox News Theme. Theme by MVP Themes, powered by WordPress.