Indorse to USD Price Chart

What is the current price of Indorse (IND)?

The current price of Indorse (IND) is $ 0.00179562, which has increased by +0.00% in the last 24 hours.

What is Indorse (IND)?

Indorse (IND) is an Ethereum-based Decentralized Professional Network that deviates from conventional platforms by allowing users to maintain the ownership of their data. Indorse incentivizes its users to share their skills and accomplishments on the platform through an internal reward mechanism. As a decentralized platform, it places power back into the hands of the users, unlike traditional platforms where data control lies with centralized authorities.

Who created Indorse?

While the specific individual founders of Indorse are not mentioned, it operates on the Ethereum blockchain. Its creation is a broader contribution of the Ethereum community that aims to utilize blockchain technology to democratize areas of life that were once in the hands of centralized entities.

How does Indorse work?

Working on the Ethereum blockchain, Indorse operates by allowing users to list their skills and accomplishments. Other users can then 'indorse' these skills, essentially validating them. These actions are incentivized by Indorse’s internal reward system.

To clarify, when user A lists a skill on their profile, other users, let's say user B and C, can indorse (validate) this skill. All three of them (user A, B, and C) are then rewarded by the internal mechanism of Indorse. This utilization of blockchain technology provides an innovative approach to networking and professional growth.

How does the Indorse reward system work?

While specific details of the Indorse reward system may vary, at its core, it operates on rewarding users who participate actively within the platform. When a user lists their skills or accomplishments, or indorses skills of others, they receive rewards in the form of the platform’s native cryptocurrency, IND. The reward system thus encourages user participation and engagement in the platform.

Is the total supply of Indorse fixed?

Indorse operates utilizing Ethereum's infrastructure. Hence, its total supply will be dependent on Ethereum's protocols relating to supply. As of now, the total supply of Indorse tokens (IND) stands at 170.6M.

How many Indorse tokens are currently in circulation?

The current circulating supply of Indorse (IND) is 44.7M. This indicates the number of IND tokens that are presently available for public trading.

How is the value of Indorse (IND) determined?

Like other cryptocurrencies, the value of Indorse (IND) is determined by market dynamics, including supply and demand. This means that if more people are buying IND than selling it, the price will rise. Conversely, if more people are selling IND than buying, the price will fall. Other factors such as the platform's overall usage, the level of user engagement, and market sentiments also play a role in determining IND's value.

Where can you buy Indorse (IND)?

Indorse (IND) tokens can be purchased through any of the cryptocurrency exchanges in which it is listed. Currently, it is available for trading in these exchanges: YoBit.

How can you ensure the safety of your Indorse tokens?

To ensure the safety of Indorse (IND) tokens, it's recommended to adopt basic crypto security measures. These include securing one's private keys and not sharing them online, using two-factor authentication, keeping software up to date, and considering a hardware wallet for storing the cryptocurrency. Encryption of wallet files and refraining from accessing insecure or unknown links can also improve the safety of your crypto assets.

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