What is Inery? Inery is Blockchain solutions help users secure and manage decentralized databases.
To understand more about Inery, people can read some of the articles below:
- What is Web3? Advantages & Disadvantages of Web3
- OKX Web3: Creating a Comprehensive Ecosystem for Users Entering Web3
- What is a KNIFE? The Future of a Decentralized World
What is Inery?
Overview of Inery
Inery is a system solution built on blockchain that helps users secure and manage decentralized databases,Inery’s vision is to create a decentralized, secure, and environmentally sustainable database management platform to enable scalable data access.
Simply put, Inery deploys Web3 decentralized products that leverage blockchain functionalities to enable the elimination of the need for decentralized databases and related services that are unnecessary yet maintain maintain high security, low cost, and high throughput while securing their data assets, facilitating owner-controlled assets.
Mechanism of action of Inery
Inery’s operating mechanism includes the following products:
- IneryDB (Decentralized Database Management Solution): uses blockchain technology to provide traditional databases with decentralized, distributed, and immutable functionality for businesses to integrate their communications stack systems, build or run their applications, while transforming security and data management. Real-time synchronization of remote databases is also one of the key features of IneryDB.
- Inery Blockchain (Crosschain solution for deploying decentralized applications): With a new blockchain structure, Inery Blockchain expands crosschain compatibility, providing high throughput and design framework. Along with that nInery’s blockchain platform targets decentralized ecosystems and enables interoperability for secure transfer of data and assets. Blockchain is powered by a network of nodes scattered around the world to ensure reliability and scalability. It is resistant to attacks, censorship, and network errors. In particular, Inery’s DAO governance mechanism ensures cohesion and decentralization between stakeholders.
The Inery Difference
Inery’s differences include the following factors:
- In the current public market, many blockchain networks are built with limited performance, cannot be accelerated faster, and the governance structure is incomprehensible to users, in addition, energy consumption and Maintenance costs also do not reach a good number. So Inery was born to upgrade and solve the above problems. With its environmentally friendly POS (Proof-Of-Stake) consensus algorithm mechanism, Inery can manage data using blockchain capabilities such as decentralized security that gives owners control over easier.
- The Inery ecosystem ensures decentralization, each blockchain is owned and managed by a separate entity. Additionally to add a layer of security and encryption to the data, Inery has implemented cryptographic methods. This method ensures that the data encrypted on the blocks cannot be tampered with.
- Users can regain control of their data thanks to the Inery solution, when executing any high-value contract the owner can request access to that database
- When accessing Inery, users can search for information using the advanced search tools that Inery currently has to help operate quickly and safely, especially the Inery system has high throughput or improved performance. TPS enables network scalability.
Inery development roadmap
Quarter 2/2023:
- The first fundraising round is equity and token based
- AI Consensus – Change block production schedule based on learning from experience
- Scalability of stored data
- Snapshot – test and enable sequence playback from the snapshot
- Deb package to install Inery via APT package manager
- Supports Windows and Mac operating systems
- Mainnet launch
- Launched Inery database management system with GUI
- other list
- Work with Bharat Electronics Ltd on integrating our decentralized solution into their infrastructure
Quarter 3/2023:
- Import existing non-relational databases from different solutions into the IneryDB database system
- Added new option to import data from CSV file
- Adapt the Inery database management system to an existing database copy-paste solution
- Integrate Inery Database Management System within existing program language frameworks
Quarter 4/2023:
- Import existing non-relational databases from different solutions into the IneryDB database system
- Added new option to import data from CSV file
- Adapt the Inery database management system to an existing database copy-paste solution
- Integrate Inery Database Management System within existing program language frameworks
Investors
- May 31, 2022 raised $960,000 in Pre-seed round at a price of $0.03
- June 20, 2022 raised $2.80M in Seed round at $0.05
- July 31, 2022 raised $4.48M in private round A at a price of $0.08
- August 15, 2022 raised $800,000 in strategic round at $0.10
- August 31, 2022 raised capital of $1.92M in Pre-Sale round at a price of $0.12
- September 20, 2022 raised capital of $1.92M in Public sale round at a price of $0.16
- September 26, 2022 raised $142,514 in public sale round (IDO On Trustpad) at a price of $0.22
Core Team
Tokenomics
Information about Inery tokens
- Token Name: Inery Token
- Ticker: IINR
- Blockchain: BSCscan
- Token Standard: BEP-20
- Contract: 0xab725d0a10c3f24725c89f5765ae5794a26c1336
- Total Supply: 800,000,000
Inery Token Allocation
- Ecosystem: 46%
- Partnership: 2%
- Bug bounty: 1%
- Pre-seed: 4%
- Seed : 7%
- Private A: 7%
- Strategic KOLL 1%
- Pre-Sale: 2%
- Sale: 1.5%
- IEO/Listing: 0.5%
- Liquidity & MM: 5%
- Team: 5%
- Advisor: 3%
- Marketing: 5%
- Development: 10%
Token Release
Update…
Token Use Case
- The right to vote and/or make governance proposals regarding upgrades within the Inery ecosystem
- Secure the Inery blockchain by staking $INR, validating proofs, relaying transactions, verifying and finalizing blocks
- The $INR token is used to incentivize actions and interactions with products or services within Inery
- Users can stake $INR tokens in the staking pool to earn trading fees and staking rewards
- Inery Grants Program offers recurring grants disbursed in native cryptocurrency token $INR
- $INR is the unit of exchange
Exchanges
Currently INR tokens are traded on exchanges: Pancakeswap, Bitmart, Houbi
Project Information Channel
- Twitter: https://twitter.com/IneryBlockchain
- Telegram: https://t.me/inery_blockchain
- Redit: https://www.reddit.com/r/Inery/
- Discord:
Summary
Inery is a Web3 project with a decentralized data management solution built on the blockchain that gives owners full control over their data with high-level security features and cost optimization.
Through this article, you probably have some basic information about the Inery project to make your own investment decisions. Please leave comments and suggestions for me in the next articles. !