By HM - MN.Investments content producer, Midas.Investments
Midas announces the listing of Insifa (ISF) to the Midas platform as an Instant Share. Invest today to receive instant rewards.
What is ISF and what does it offer?
Altruism is an act of kindness that has been around for thousands of years, if not to say since the beginning of mankind. In the modern world, people have set up several types of organizations dedicated to charitable acts. You may have heard about non-governmental organization or sometimes, charitable for-profit entity. The critical task often encountered by these organizations is to ensure the correct flow of charitable goods and services to the intended target.
Blockchain technology as exemplified by Bitcoin in 2009 has shown the world that there is a way to verify the integrity of recordkeeping without depending on untrustworthy third parties. Insifa is a charitable foundation like any other organizations before it, but set up with blockchain integration to improve on a few points.
Whenever you hear “blockchain”, it is often implied that there is an involvement of tokens or cryptocurrency of some kinds. In the case of Insifa, you will need to use ISF coins to fund charitable projects or receive rewards denominated in ISF. The ISF coin is powered by the masternode network with the proof-of-stake consensus algorithm, which is a bonus for this coin because it may save a lot of electricity from mining activity. Whether proof-of-stake or proof-of-work is better at the task is an entirely different debate and not within the scope of this article.
As a platform, Insifa aims to be the networking center for volunteers, donors, and other relevant individuals. You can brainstorm a charitable project, and the platform can match you with a compatible donor or investor. There will be a verification and reputation management system to prevent fraudulent behaviors. The platform also accepts cryptocurrencies other than ISF for a fee.
Reportedly, the team has raised enough funds for several projects around the world. The type of charitable work can be anything that is needed, but the team focuses on the supply of clean water for the time being.
There are 9 anonymous members from UK, Netherlands, Turkey, Korea, Pakistan, and Macedonia.
Where can I purchase ISF?
Total supply: 21,000,000
Presale: team executed the presale by listing coins on CryptoBridge. It is not clear how many nodes were sold.
Exchange: available on Midas platform as Instant Shares
Consensus algorithm: Masternode/proof-of-stake (forked from Bitcoin Green)
Masternode collateral: 5000
Block time: 60 seconds
Block reward: variable rewards with MN/PoS 85/10 split and 5% toward governance protocol
Can I get more information about Insifa?
Whitepaper: link to pdf
Block explorer: http://explorer.insifa.io/
Do you want to become a Midas partner?
Midas is looking for great projects to join us on our journey. Get in contact with the team via Discord for more details, and visit midas.investments for information on our project, team and road map.