Inspect (INSP): The Layer 2 Solution Bridging X to Web3

Over the next decade or two, web3 is anticipated to surpass Web 2.0 in prevalence, with the potential to be as transformative for businesses and individuals as the earlier advent of the internet. Nonetheless, Web 2.0 will likely continue to be used as well. For this reason, there’s a critical need for a bridge between Web 2.0 and web3. Inspect is the Layer 2 built for X that offers this essential bridge.

Key Takeaways:

• Bridging Web 2.0 and web3 will play an increasingly critical role in allowing businesses and individuals to harness the benefits of both.

• Inspect is a Layer 2 solution for X to elevate the user’s crypto journey in an easy-to-use app or extension.

• Inspect's native token, INSP, is currently available on Bybit as an IDO project till Dec 6, 2023, and will be listed as a Spot pair after the IDO ends.

What Is Inspect?

Inspect is an innovative Layer 2 application for X designed specifically to improve the user experience. Essentially, it acts as a data and analysis tool that provides real-time data, allowing users to stay ahead of the competition. With its detailed analysis features, users can quickly learn all about a crypto project with a single click of the Inspect button.

Other features include current crypto news, NFT rarity rankings, 24-hour stats on trading volume, prices for over 20,000 projects, trending tokens and exchange listings. Inspect is available at no cost, but some premium features are available only with a paid subscription. Users can either use its web-based app or download it as a free Chrome extension and link it to their X account. After refreshing X, Inspect will be available to use.

X Insights by Inspect

Inspect allows users to make informed decisions through detailed analytics. These insights are drawn from artificial intelligence (AI) and other advanced technologies to provide real-time information via Influence Rank and Community Insights.

Influence Rank

An influencer's follower count is important to know, but it doesn’t accurately indicate the actual influence that profile has on its audience. Influence Rank first analyzes whom the recognized web3 leaders follow on Twitter. It then assesses whom those leaders follow, and so on. Through each iteration, Influence Rank analysis grows more refined. This allows users to better understand a project's potential.

Community Insights

The strength of a community can be analyzed through Community Insights, a feature that scrutinizes both longevity and hype to provide statistical data. It uses metrics such as how many people each user follows, the number of tweets per day on a collection, how many unique NFTs are used as X profile pictures and how many of those users have consistently chosen an NFT profile picture.

Inspect Key Products

Inspect’s exciting features make it a must-have solution for a more productive crypto journey. Let’s look at some of these key products.

Inspect Pro

In addition to the many free products available on Inspect, several products are available with a paid subscription. One of these is Inspect Pro, which offers more profound insights from social analytics. In addition, the Inspect Pro release has introduced advanced tools that enable users to optimize their social impact.

Listing Protocol

NFTs and tokens can be listed on Inspect via the Listing Protocol. There’s a quick application process, as well as an application fee. When a token or NFT is approved, project developers gain access to detailed community analytics and maximized exposure to X users.

Inspect Groups

Inspect Groups foster socialization, education and knowledge sharing. These are various gated interest communities supported by Inspect. Users can create new groups or join existing ones.

Inspect Transact

Inspect Transact is an upcoming product that takes on-ramping to a higher level, empowering you to trade assets and access liquidity in trading exchanges — all without leaving X.

Inspect Premium

Inspect Premium is a special product available specifically to businesses that gives them dashboard customization and the ability to post blogs and articles for their communities. Companies can also insert links to their dashboards that allow users to transact directly with exchanges and create quests and rewards to incentivize their most active community members.

DeFi Swap (Coming Soon)

The Defi Swap feature is now accepting beta testing requests. This upcoming product will allow users to swap, trade and buy crypto assets on leading platforms while remaining on X.

What Is the INSP Crypto Token?

INSP is the project's native token. It’s used on the platform to pay API fees, and to buy ads and subscriptions. You can stake INSP to enjoy discounted fees, access to more data and whitelist benefits. INSP token holders also hold the power to govern and influence the future of Inspect through votes on platform-related issues, such as protocol upgrades and tokenomics. 

The token has a maximum supply of 1 billion and features a deflationary model with a buyback and burn program. As of Dec 3, 2023, its circulating supply stands at 102,500,000, and its market cap is $1.53 million.

Is Inspect Token (INSP) a Good Investment?

Several indicators point to Inspect as a promising investment. As an invaluable expansion of one of the most popular Web 2.0 social media platforms, X, it’s no surprise that Inspect has cultivated an active and growing community. Its web-based app boasts over 150,000 users, while more than 40,000 actively use the extension weekly. In addition, its community newsletter has garnered over 20,000 users, and Inspect boasts more than 11,000 followers on Discord and over 30,000 on Telegram. Moreover, Inspect is religiously improving its services with its expanding array of essential products, such as its yet-to-be-released DeFi Swap. 

Inspect's partnerships with industry powerhouses like Avalanche, Cardano, Polygon and MoonPay add to its credibility. Nonetheless, while we may view Inspect as a good investment, our perspective shouldn’t be taken as financial advice. Due to the highly volatile nature of altcoins, it’s crucial that you conduct your own research before investing in any of them.

Where to Buy Inspect (INSP)

The Web3 IDO for Inspect (INSP) is now active on Bybit, with 2 million tokens allocated to the IDO. The subscription period runs from Nov 27, 2023, 10AM UTC to Dec 3, 2023, 10AM UTC, while the snapshot period is from Dec 3, 2023, 10AM UTC to Dec 6, 2023, 10AM UTC and the lottery draw takes place on Dec 6, 2023 at 10AM UTC. A total of 150 lottery winners will be selected in the draw. Users can buy up to 200 USDC worth of INSP with a winning ticket. After the lottery draw, Inspect (INSP) will be available as a Spot pair (INSP/USTD) on Bybit.

Closing Thoughts

As a Layer 2 built for X, Inspect is a seamless bridge between Web 2.0 and web3. With its robust community, powerful partnerships and expanding availability of advanced features, Inspect is set to revolutionize the social media journey for X users.

#Bybit #TheCryptoArk