Instar recently announced on Twitter that they have just passed 275,000 verified $ INSTAR wallets. The network is encouraging more people to keep the momentum going by buying $ INSTAR tokens and using the app.
Instar was launched as a product of the Insight Network in 2021. The idea was to create a crypto network that focuses on data solutions to ensure that data owners (providers) benefit from their data. With Instar, data owners can agree to their data being sold and receive money in return.
Today, big companies are getting involved in stealing and selling people’s data. These networks (data brokers) gain access to personal data without consent. Social networks and e-commerce networks face criticism for engaging in data errors.
Instar Network’s goal has always been to return the power of data to its owners. Hence, over time, the big brokers will lose their control over the user data. Instead, individual data owners can sell personal data for tokens like $ Instar, Dai and EOS.
With Instar, providers sell their information to sanctioned parties (requesters). Requesters are large institutions that use the data for research and marketing. To provide data solutions, Instar launched a wallet and app that have been rapidly adopting lately.
$ 275 thousand INSTAR wallets exceeded
The instar wallet is one of the most important tools that run on the network. The wallet is currently available for desktop and mobile phones. It’s only limited to Android, however, but it could launch on iPhone in the future. Instar announced on Twitter that they had crossed 257,000 Instar wallets.
The growth in Instar wallet users has been flawless over the past few weeks. On October 1st, the network crossed 265,000 verified instar wallets. The above means that at least 265,000 people were actively using the services at the time. Fifteen days later, the network reached 275 thousand, an increase of 15 thousand.
Live statistics on their website show the network has 276,000 contributors and 112 million tokens deployed. The milestone proves that more and more people are enjoying the services of the network and its advantages. Instar encourages people to keep buying Instar tokens and registering for services.
Milestone for mobile phone use
As the network grew, there was also a milestone in cellphone usage. Of the 275 thousand wallets, at least 100 thousand users are mobile. Instar recently reported that their Google app recently hit 100,000 downloads.
Currently, the network is only available to Android phone users. Since there is a huge market for iPhones, Instar is still in development to suit everyone. It updates, fixes bugs and introduces new functions for greater security and efficiency. Mobile users need to continue upgrading to take advantage of more features.
Instar promotes data protection and security
As a data network, security is of course an important aspect to consider. The network must ensure that all data that is collected or shared on its system remains private. As such, the network (data provider) enables you to control your data. You can choose the information to share and who to share with. After sharing your information, you will receive payments in the form of Instar tokens.
When receiving your data, Instar keeps it safe. It has a team of trained professionals to protect the confidentiality of the data.