[PR – Singapore, Singapore, 28th September, 2022, Chainwire]
$INR is live on Huobi, following successful VC rounds and several strategic partnership announcements. Trading officially opened at 13:00 UTC today, September 28 and the project saw its token rise from $0.22 to $0.44 in the first few hours. The listing is an important milestone for Inery on its journey to revolutionize the way data is managed on the decentralized web.
Inery, a decentralized data system expected to enable a new paradigm for data management, has been listed on Huobi Exchange, one of the world’s leading crypto exchanges, supporting over 1000 trading pairs and over 600 cryptocurrencies. This will help bring Inery’s vision to markets and engage more people in its mission to reshape the world through the paradigm shift in data management.
Inery Decentralized Data System
Specifically designed to address database management by integrating blockchain functionality and distributed database properties, this project aims to enable interoperability between different industries without compromising security, speed or performance.
Inery’s decentralized data system will allow users to read, write, delete and control their data, ushering in a new era of decentralized and secure Internet, where data loss and misuse will no longer be a problem. With a proprietary blockchain running on MEM (memory) nodes, Inery is able to ensure this, while adding a layer of encryption that ensures data privacy.
Built to not only provide an upgrade to Web3, but also be greener and more cost-effective, Inery is a project that provides real-world use cases to individuals, businesses, and governments in healthcare, GameFi, finance, and more.
The $INR token is the network’s native token, used to protect and empower the Inery ecosystem.
Successful VC round, partnerships, recognition
The listing comes after Inery conducted successful investment rounds, which saw VCs such as Global Emerging Markets (GEM) invest $50 million. Other venture capital investors joining Inery include Metavest, which invested at a $128 million valuation, Nebulous Holdings AG, Zazen, Menas Global, Cap Lion Point and Truth Ventures.
To develop use cases, Inery also announced strategic partnerships with Sadiqa, Crescotec, NexBloc and award-winning global marketing firm – Luna PR.
In recognition of its achievements, Inery has already received prestigious awards in the blockchain space. It was recently awarded the “Best Emerging Blockchain Solution” at the 2022 Leaders in Fintech Awards and its CEO, Dr. Naveen Singh, received the ‘Blockchain Leader of the Year’ award at the prestigious GB Tech Awards.
Inery is also one of the few projects that has a public testnet launch in August before its listing. Its successful testnet launch with over 160 nodes allowed developers to test the various functions and features of their blockchain. With the feedback received, it will move forward with its main network which is expected to launch in the first quarter of 2023.
INR is currently live on Huobi with the INR/USDT trading pair. The token has achieved a trading volume of INR 1.2 million dollars. It was launched at a price of $0.22 and is trading at $0.43. Withdrawals begin tomorrow, September 29, at 1:00 PM (UTC).
During the first month of trading INR$ on Huobi, traders can provide liquidity to participation pools for participation rewards and transaction fees. Traders can also benefit from INR trading contests to win prizes in prize pools during the same period. In addition to betting campaigns and commercial competitions, they will organize KOL competitions. Follow Inery announcements on Twitter and Discord to stay up to date.
Inery is directed by Dr. Naveen Singh, CEO and Founder; Ivan Vujic, CTO and Founder, and Simon Murray, Orange Telecom Founder – CBE and Chairman. Mr. Satjiv S. Chahil, former vice president of global marketing at Apple, recently joined the board of advisors as a new lead advisor prior to the listing of $INR to help drive mainstream adoption.
Inery is a Layer 1 blockchain solution that provides a decentralized, secure and transparent foundation for data decentralization and data management. Inery envisions a paradigm shift in data and database management through the integration of blockchain technology and distributed database synergies.
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