Indorse Token PriceIND

What is Indorse Token (IND)?

Indorse Token (IND) is an Ethereum-based cryptocurrency that powers the Indorse platform, a project designed to reshape professional social networking through tokenization and decentralization. Indorse positions itself as a revolutionary platform that challenges how data is controlled and used on traditional social networks. By leveraging blockchain technology, it aims to give users greater ownership over their professional identity and contributions. The IND token was issued during the project's Token Sale, and holders acquire rights through their purchase of IND tokens. The project operates on the Ethereum platform, utilizing its established infrastructure for smart contracts and token standards. With a total supply of approximately 170.62 million IND, the token has been distributed across various stakeholders, including the founding team, shareholders, and early participants. According to the project, Indorse raised $9 million USD in its 2017 token sale and launched its MVP two months later. According to the Indorse 2.0 Light Paper, the next phase involves stakeholders such as major IND token holders, the early founding team, Indorse shareholders, and early participants, signaling an evolving governance and ecosystem structure.

Key Specifications & Tokenomics

• Name: Indorse Token
• Ticker/Symbol: IND
• Blockchain/Platform: Ethereum
• Category: IoT, Ethereum Ecosystem
• Launch Date: September 2017
• Total Supply: 170,622,046.999999 IND
• Self-reported Circulating Supply: 37,480,418.964511 IND
• Max Supply: Uncapped
• Contract Address: 0xf8e386eda857484f5a12e4b5daa9984e06e73705 (Ethereum)
• CertiK Rating: 3.3
• Official Website: https://indorse.io/
• Whitepaper: https://indorse.io/static/media/Indorse-Whitepaper-v1.1.a733cc8e.pdf
• Explorer: etherscan.io

Who created Indorse Token?

Indorse was founded by Gaurang Torvekar and David Moskowitz, who serve as the co-founders of Indorse Pte. Ltd. Gaurang Torvekar holds the position of Co-Founder and CTO, and he is also a co-organizer of the Ethereum Singapore Meetup. David Moskowitz serves as Co-Founder and CEO. According to the project, both co-founders have worked in the blockchain space for over seven years, bringing substantial experience to the project. Their combined expertise in blockchain technology and business leadership has guided the platform from its inception through its Token Sale and MVP launch. The founding team's involvement in the Ethereum community, particularly through the Singapore Meetup, reflects their commitment to the broader blockchain ecosystem. The Indorse 2.0 Light Paper identifies the early founding team as part of the stakeholder group that includes major IND token holders, Indorse shareholders, and early participants, indicating that the original founders remain integral to the project's ongoing development and governance.

How does Indorse Token work?

Indorse operates on the Ethereum platform, leveraging smart contract technology to facilitate its professional social networking ecosystem. The platform is built around the concept of tokenization and decentralization, aiming to return control of data to users rather than centralized entities. Through the purchase of IND tokens during the Token Sale, token holders acquired rights within the ecosystem. IND is the native utility token of the Indorse platform; token holders acquired rights within the ecosystem through their purchase of IND during the 2017 token sale. According to the project, Indorse raised $9 million USD in its 2017 token sale and launched its MVP two months later. The Indorse 2.0 Light Paper outlines a next-phase plan that involves stakeholders in shaping the future direction of the platform. The token operates on Ethereum, meaning transactions and smart contract interactions are secured by the Ethereum network's consensus mechanism. IND is an ERC-20 token on Ethereum; its contract address is 0xf8e386eda857484f5a12e4b5daa9984e06e73705 and can be verified on etherscan.io.

What makes Indorse Token unique and valuable?

Indorse distinguishes itself by addressing the control and use of data on traditional social networks, a critique that resonates with growing concerns over privacy and data ownership in the digital age. The platform's use of tokenization and decentralization models represents an innovative approach to professional social networking, seeking to redistribute value and control from centralized platforms to individual users. Indorse conducted a token sale in 2017 and raised $9 million USD, launching its MVP two months after the raise. The involvement of experienced cofounders who have been active in the blockchain space for over seven years adds credibility to the project. The token contract has a CertiK security rating of 3.3; the rating scale and report are published by CertiK. A rating is not a guarantee of security, and users should review the underlying report before relying on it. The IND token's utility within the ecosystem gives it a functional role beyond speculation. The project's evolution, as outlined in the Indorse 2.0 Light Paper, demonstrates an adaptive approach to stakeholder engagement and platform development. The project's current phase is branded the "Indorse 2.0 Ecosystem", with the Indorse 2.0 Light Paper outlining the next-phase plan.

What is Indorse Token used for?

The IND token serves as the native cryptocurrency of the Indorse platform, with its primary utility derived from the Token Sale through which holders acquired rights. According to the ICO review, purchasing IND tokens grants token holders specific rights within the ecosystem. The IND token functions are detailed in the Krystal Wallet "Learn & Earn: Indorse & the IND tokenomics" article featuring Gaurang Torvekar, which outlines how the token operates within the platform's economy. Trading pairs include IND/ETH; the token has traded on 8 active markets (spot venues). These trading pairs reflect the token's use as a transferable digital asset. Within the Indorse ecosystem, the token is intended to facilitate user engagement and reward mechanisms, although the full scope of its utility is described in the project's documentation. The token's integration with the Ethereum platform means it can be stored and transferred using any Ethereum-compatible wallet, and its transactions are recorded on the Ethereum blockchain via etherscan.io.

How Is the Indorse Token ecosystem developing?

The Indorse ecosystem is evolving according to the roadmap outlined in the Indorse 2.0 Light Paper, which describes a next-phase plan centered on stakeholder involvement. The stakeholder group includes major IND token holders, the early founding team, Indorse shareholders, and early participants. This structure suggests a move toward broader community governance and engagement. According to the project, Indorse raised $9 million USD in its 2017 token sale and launched its MVP two months later. The token has traded on 8 active markets (spot venues), though 24-hour trading volume has been reported at $0, indicating minimal liquidity. The Indorse 2.0 Light Paper serves as a key document outlining the future direction of the ecosystem, emphasizing the role of stakeholders in shaping the platform's next chapter. The project's website and whitepaper remain accessible resources for community members and investors seeking detailed information about the platform's development trajectory and tokenomics.

How to mine Indorse Token?

Indorse Token (IND) is an ERC-20 token built on the Ethereum platform, which means it is not mined through traditional proof-of-work mining like Bitcoin. Instead, IND tokens were created and distributed through a Token Sale conducted by the Indorse project. The token exists as a smart contract on the Ethereum blockchain, and its supply is managed according to the project's tokenomics. The total supply of IND is approximately 170.62 million tokens. Because IND is an Ethereum-based token, there is no mining process for IND itself. However, transactions involving IND are validated and secured by Ethereum's consensus mechanism. Users who wish to acquire IND can do so through cryptocurrency exchanges where the token is listed; the token has traded on 8 active markets (spot venues). The token can be traded against ETH, USD, and various other fiat and cryptocurrency pairs. Holding IND does not require any mining equipment or staking infrastructure, as the token is simply stored in an Ethereum-compatible wallet. The project's documentation, including the whitepaper and the Indorse 2.0 Light Paper, provides further details on the token's distribution and utility within the ecosystem.

How to keep your Indorse Token safe?

Since Indorse Token (IND) is an ERC-20 token on the Ethereum platform, it can be stored in any wallet that supports Ethereum-based assets. This includes hardware wallets, software wallets, and web wallets that are compatible with ERC-20 tokens. For maximum security, a hardware wallet is recommended, as it keeps private keys offline and protected from online threats. When using software or web wallets, users should ensure they are using reputable providers and should enable two-factor authentication where available. Private keys and seed phrases should never be shared with anyone, and users should be cautious of phishing attempts that mimic legitimate wallet or exchange interfaces. Because IND transactions are recorded on the Ethereum blockchain via etherscan.io, users can verify transactions independently. The IND contract address is 0xf8e386eda857484f5a12e4b5daa9984e06e73705, verifiable on etherscan.io. Given that the project has a CertiK rating of 3.3, users should also stay informed about any security updates or advisories related to the Indorse platform and its smart contracts. Regularly checking official Indorse communication channels and the project website for updates is a prudent practice for token holders.

Risks and considerations

IND is subject to the same uncertainties as other crypto assets. Its price can fluctuate significantly, and reported trading volume has been minimal, which may make it difficult to buy or sell at a desired price. Regulatory treatment of tokens varies by jurisdiction and may change, affecting availability and use. Technical risks include vulnerabilities in smart contracts and dependence on the Ethereum network. The CertiK rating of 3.3 reflects a relatively low security score for the token contract and is not a guarantee of safety. Readers should treat the points above as considerations rather than assurances and conduct their own research.