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