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Huobi launches Inery Token $INR after a successful VC raise

Huobi launches Inery Token $INR after a successful VC raise WikiBit 2022-09-29 17:45

After multiple publicly disclosed strategic alliances and prosperous VC rounds, $INR is now accessible on Huobi. The project's token witnessed an upward trend over the first few hours of trading today, September 28, going from $0.22 to $0.44. Formal trading started at 13:00 UTC. Inery's ambition to radically change how data is managed on the decentralized web has reached a turning point with the listing.

After numerous announced strategic partnerships and successful VC rounds, $INR is now available on Huobi. Today, September 28, trading began formally at 13:00 UTC, and during the first few hours, the project's token experienced a trend upward, rising from $0.22 to $0.44. The listing is a significant turning point for Inery in its mission to fundamentally alter how data is managed on the decentralized web.

One of the top cryptocurrency exchanges in the world, Huobi, has listed Inery, a decentralized data system designed to enable a new paradigm for data management. Huobi supports over 1000 exchanges and more than 600 cryptocurrencies. This will support Inery's ambition to transform the world through a paradigm shift in data management and assist spread the company's vision among more people.

Decentralized Data System of Inery

This project seeks to facilitate interoperability between many businesses without sacrificing safety, speed, or performance. It is specifically developed to handle database management by integrating blockchain features with distributed database qualities.

Users will be able to access, write, erase, and govern their data with the help of the Inery Decentralized Data System, ushering in a new decentralized and secure internet era where data loss and misuse won't be a problem. Inery is able to do this by using a private blockchain that runs on MEM (memory) nodes, and by encrypting the data further to protect data privacy.

Inery is a project that provides real-world use cases to individuals, businesses, and governments in the areas of healthcare, GameFi, finance, and more. It was created to not only give an update to Web3, but to be more environmentally friendly and cost-effective as well.

The native coin of the network, $INR, is utilized to protect and strengthen the Inery ecosystem.

Recognition, alliances, and a successful VC round

The listing comes after Inery completed successful funding rounds in which it received investments totaling $50 million from VC firms like Global Emerging Markets (GEM). Along with Inery, other investors in venture capital include Cap Lion Point, Metavest, Menas Global, Nebulous Holdings AG, Zazen, and Truth Ventures. Metavest's investment was valued at $128 million.

Inery also disclosed strategic alliances with NexBloc, Sadiqa, Crescotec, and the prestigious international marketing agency Luna PR in order to create use cases.

Inery has already been honored with important honors in the blockchain industry in acknowledgment of its accomplishments. It was most recently recognized as the “Best Emerging Blockchain Solution” at the Leaders in Fintech 2022 Awards, and its CEO, Dr. Naveen Singh, won the renowned GB Tech Awards' “Blockchain Leader of the Year” honor.

One of the few initiatives, Inery, launched its public testnet in August before it was listed. With more than 160 nodes, its successful testnet launch allowed engineers to test the blockchain's various features and capabilities. With the input obtained, it will proceed with the launch of its mainnet, which is scheduled for Q1 2023.

Currently, INR and the trading combination INR/USDT are available on Huobi. The coin was first priced at $0.22 and is currently trading at $0.43, achieving a trading volume of 1.2 million INR. September 29, tomorrow at 13:00, withdrawals start (UTC).

Trading $INR on Huobi allows users to contribute liquidity to the staking pools for transaction costs and staking rewards for the first month period of trading. In the same time frame, traders can also profit from INR trading competitions to win prizes in prize pools. They will hold KOL tournaments in addition to staking campaigns and trading competitions. To keep informed, follow Inery's updates on Twitter and Discord.

Dr. Naveen Singh, the company's CEO and founder, Ivan Vujic, its CTO and founder, and Simon Murray, the CBE and chairman of Orange Telecom, are in charge of IInery. Prior to the $INR listing, Mr. Satjiv S. Chahil, a former vice president of global marketing at Apple, joined the advisory board as the new principal advisor to help promote widespread adoption.

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