KuCoin AMA With Inspect (INSP) — The First Layer 2 Solution Specifically Built for X.

Dear KuCoin Users,

Time: December 06, 2023, 12:00 PM- 1:06 PM (UTC)

KuCoin hosted an AMA (Ask-Me-Anything) session with the CMO of Inspect, Mike in the KuCoin Exchange Group.

Official Website: https://www.inspect.xyz/

Whitepaper: https://inspect.gitbook.io/inspect/overview/the-foundation

Follow Inspect on Twitter, Telegram and Discord.

Q: Could you provide an overview of what Inspect is and detail the specific market challenges it addresses?

Mike: Inspect's got two main tools: a web app and a browser extension. Both are powered by advanced AI tech that gives you the lowdown on market trends for NFTs, crypto, and DeFI.

First up, our web app. Think of it as your go-to for keeping tabs on what's buzzing in the NFT world. We analyze social sentiment, focusing on which NFT collections and Twitter profiles are gaining traction. Our 'global reach' metric ranks these, helping you quickly spot the major influencers and top collections.

Then there's our Chrome extension. This one is a game-changer for Twitter users. It’s like having a mini trading station right in your Twitter feed. You get all the important stuff - token info, news and more, without leaving Twitter. Plus, we’re adding trading features soon. Just hit the 'Inspect' button on any Twitter page, and you'll see what I mean.

Inspect addresses a significant challenge in the web3 world: the overwhelming and often unreliable flood of information. Our platform provides a centralized, accurate source for evaluating projects and market trends. This is particularly advantageous for newcomers, helping them to navigate the cryptocurrency market confidently and make informed decisions.

Q: Building on that, can you dive a bit more into how Inspect's browser extension is enhancing the experience of Twitter users with crypto analytics? How does it simplify their access to information about NFTs, crypto, and DeFi directly within Twitter?

Mike: Our browser extension, it's really been our biggest catalyst. We're essentially combining the functionality of a platform like Debank with the vast social network of Twitter. Imagine not having to jump between different sites or Google searches to get information on crypto activity, NFT collections, and fungible tokens. That's what we're making a reality.

Our extension is designed to bring analytics directly to you while you're on Twitter. You'll be able to access real-time data and insights on NFTs and fungible tokens without ever leaving your Twitter feed.

This integration is about more than just convenience; it's about creating a more interconnected experience between social networks and the crypto world. We believe that by bridging this gap, we can make crypto more accessible and understandable for a broader audience, enhancing user experience and engagement in both the social and crypto spaces.

Q: What really sets Inspect apart in the crypto project landscape?

Mike: Inspect is quite unique, especially as the first Layer 2 solution created specifically for X. The idea came to us when we realized the massive role Twitter plays in the crypto community.

We thought, why not create tools for an audience that's already active on Twitter? That led to the birth of our Inspect extension, effectively a Layer 2 for Twitter users.

Recognizing Twitter's enormous base of 528 million monthly users and the growing popularity of crypto, we saw a tremendous market opportunity. By being the first to develop a Layer 2 for X, Inspect is positioned to address this vast market. We're tapping into this potential to become the go-to tool for gaining deeper insights into the crypto world.

As the crypto sphere expands, Inspect is growing right along with it. We're becoming a key resource for newcomers in crypto. The response has been fantastic – our extension's user base has grown by 40% in just two months. It's really validating to see such enthusiasm for what we're doing.

Q: Can you tell us about the $INSP token, its utility within the Inspect ecosystem, and how it drives user engagement and demand?

Mike: The $INSP token is integral to every facet of the Inspect ecosystem. It's more than just a governance tool; it's deeply woven into all our platform features and user experiences.

As a multifunctional token, $INSP serves several critical roles. It's a key payment method within our ecosystem and acts as an incentive for community engagement and contributions. This multifaceted utility encourages widespread adoption and active use of the token that is directly contributing to the growth and vitality of Inspect.

Now let's talk about the immediate utility. A prime example is our Inspect Pro feature, which is already live. Inspect Pro offers advanced wallet analytics in a user-friendly format, catering to a wide range of users, from casual enthusiasts to seasoned experts. It transforms complex data into understandable and actionable insights. Currently, Inspect Pro is open to all users, but post-launch (in a few days) of $INSP, it will become an exclusive feature for $INSP token holders. This approach not only enhances the value of the token, but also generates ongoing demand for it.

Building on this, our user base's growth further complements the $INSP token's role. Having attracted over 300,000 users in just two years, and we're seeing a real interest in our platform. This growing community lays a promising foundation for the $INSP token within Inspect.

Q: Can you share more about the successful closure of your recent funding round and the high-profile strategic partnerships you've secured, including with leaders like the CEO of 9GAG and Alex Becker, as well as major Layer 1 platforms? How do these collaborations position your project uniquely in the market and contribute to its vision?

Mike: We've successfully closed a significant funding round that we announced last week, which is a testament to the confidence and excitement surrounding our project. But what's truly exciting are the strategic partnerships we've formed.

We're collaborating with some of the biggest names and companies in the industry, including the CEO of 9gag and Alex Becker, alongside major Layer 1 platforms. These partnerships are more than just endorsements; they're collaborations with seasoned builders and visionaries in the tech and crypto spaces.

These alliances bring a wealth of experience, resources, and network opportunities. For instance, the CEO of 9gag brings insights from a massive online community, while Alex Becker's expertise in marketing, crypto dynamics, and crypto gaming is invaluable. The partnerships with major Layer 1 platforms open doors to technological advancements and integrations that can scale our project to new heights.

Together, these collaborations position us uniquely in the market. They're not just about adding names to our project; they're about weaving a tapestry of expertise and innovation. This puts us in a strong position to build something truly special and groundbreaking, aligning with our vision of reshaping the industry and offering unique value to our users.

Q: Can you share some insights into the future developments at Inspect? What exciting features can users look forward to?

Mike: There's a lot to look forward to at Inspect! We're proud to be the first Layer 2 built for X, and we're leveraging this unique position to bring even more innovative features to our users.

Soon, we're introducing a swapping mechanism and an on-ramp feature that will allow users to effortlessly enter the crypto world using a credit card, all within the Twitter interface. This will significantly streamline crypto access.

Another exciting development is the Inspect Academy. It's a significant move toward integrating education into our platform, offering comprehensive Web3 knowledge through collaboration with our partners. This initiative will greatly enhance our users' understanding of the crypto space.

Moreover, we're working on extending our reach with the development of a mobile app and a Telegram bot, making our tools even more accessible. These projects are just the beginning of what we have planned, and we'll be sharing more details soon.

In line with the Inspect Foundation's commitment to driving progress in web3, we're continuously innovating and expanding. Our focus is on creating a unified, inclusive environment that simplifies the crypto experience for everyone. The governance model of our DAO is all about inclusivity, allowing our community to have a real say in guiding Inspect's direction. This collective approach is what strengthens our foundation and helps us build a comprehensive Web3 tool that serves both newcomers and experienced users, facilitating easy navigation through the crypto landscape.

Q: What is the most ambitious goal of your project? Could you share with us any Upcoming Updates??

Mike: The most ambitious goal of Inspect is to redefine the Web3 social intelligence landscape, integrating analytics, transactions, and engagement within social platforms like X (formerly Twitter). We want Inspect to cover ALL of web3.

Q: While many projects often emphasize their 'long-term vision and mission,' could you elaborate on your current short-term goals and what you are currently prioritizing?

Mike: Currently, Inspect is prioritizing the successful launch and integration of the INSP token, a key step in decentralizing our platform and empowering our user community.

We're also enhancing our browser extension, ensuring seamless, user-friendly access to Web3 analytics and wallet data. The extension is really where we see the most potential, and we plan on doubling down on it!

These immediate goals align with our broader mission to streamline and enrich the Web3 experience directly within social platforms.

Q: When you reflect on the day you started this project, do you feel a sense of satisfaction and pride in your progress and achievements?

Mike: Yes, definitely! At Inspect, we're fortunate to have an incredible team, a blend of some of the brightest minds in the industry. What began as a project focused on providing social analytics for NFTs has evolved remarkably.

Today, I'm thrilled to share that we've expanded our horizons significantly. We're not just about NFTs anymore; we're steadily progressing toward our ambitious goal of encompassing the entire web3 spectrum. It's a journey that reflects our team's dedication and innovation. I couldn't be prouder of how far we've come and where we're headed; I can't forget the amazing user base and community growth we've experienced.

Q: What are the upcoming key focuses of your project as per the roadmap? Do you have sufficient financial resources and a robust community to accomplish these milestones?

Mike: Absolutely, Inspect's got some big plans! We're all about turning into a fully decentralized platform. The cool thing is, we're integrating our governance model, which is a huge deal. It means our users and token holders get to have a real say in the big decisions. Think of it like giving the community the steering wheel to help drive us forward. And you know what? Our user base is growing fast, which just shows how much people are vibing with what we're doing. It's super encouraging and gets us pumped for nailing our 2024 goals.

I have much more to say about our future plans, but I don't want to spoil all our surprises.

Q: Where can I buy your $INSP tokens now? What is your current contract address, how can I buy them, and what are the benefits?

Mike: Great question! Our token (INSP) went live today!

The contract address for $INSP is 0x186ef81fd8e77eec8bffc3039e7ec41d5fc0b457.

I am proud to say that you can now trade $INSP on KuCoin, Bybit, BitGet, Gateio, MEXC, PancakeSwap, and Uniswap.

We're thrilled about the new era of Inspect!

🎁 Participate in the Inspect AMA quiz now for a chance to win 10 USDT!

The form will remain open for five days from publishing this AMA recap.

KuCoin and Inspect have prepared a total of 2,000 USDT to give away to AMA participants.

1. Pre-AMA activity: 1,000 USDT

2. Free-ask section: 50 USDT

3. Flash mini-game: 400 USDT

4. Post-AMA quiz: 550 USDT

Sign up for a KuCoin account if you haven’t done so yet, and ensure you complete your KYC verification to be eligible for the rewards.

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