INNBC

INNBC Information

Innovative Bioresearch Coin (INNBC) is the token issued by Innovative Bioresearch Ltd, a biotech company founded by Jonathan Fior. The company focuses on HIV, cancer, and regeneration research. INNBC is an ERC-20 token.INNBC supports biomedical research and facilitates payment for the companys medical products and services. INNBC decentralizes biomedical research funding and data sharing through blockchain technology. INNBC is integrated into a decentralized application (DApp) that allows users to store various types of data on the blockchain, such as text, images, audio, and video.

To obtain more information, you can visit their website: https://www.innovativebioresearch.com/ and try to log in or register to use more services.

Pros & Cons

Pros of INNBC:

Decentralization and Immutability: The INNBC DApp leverages blockchain technology to ensure data remains immutable and permanently accessible.

Biomedical Research Support: INNBC is integrated to facilitate funding and data sharing for critical biomedical research, particularly in HIV, cancer, and regenerative medicine.

Cons of INNBC:

Low Market Activity: The token has minimal trading volume and liquidity, making it difficult for investors to buy or sell INNBC efficiently.

Significant Price Decline: INNBC has seen a dramatic price drop from its all-time high of $2.01 in May 2020 to its current price, indicating high volatility and potential investor losses.

Limited Exchange Availability: INNBC is primarily traded on the Finexbox exchange, limiting accessibility for investors and users.

What Makes INNBC Unique？

INNBC is unique due to its integration of blockchain technology with scientific research. The DeSci (Decentralized Science) model uses blockchain to support drug development and scientific research. This model allocates a portion of INNBC supply to research projects. INNBC serves as a utility token for pharmaceutical products and services. Innovative Bioresearch has developed decentralized applications (DApps) for storing and sharing scientific data. Additionally, the INNBC Swap Dex allows users to exchange INNBC and other ERC20 tokens directly from their wallets.

How does INNBC Work？

INNBC leverages blockchain through its DeSci (Decentralized Science) model. This model allocates a portion of INNBC supply to fund and validate scientific research projects. INNBC itself serves multiple purposes within the ecosystem. It acts as a utility token for transactions within Innovative Bioresearch Ltd., facilitating payments for pharmaceutical products and services.

Moreover, INNBC are utilized within the INNBC Scientific DAO, allowing token holders to participate in governance by voting on which research projects to support. INNBC operates its own decentralized exchange (DEX), known as INNBC Swap Dex.

This platform allows users to trade INNBC and other ERC20 tokens directly from their personal wallets, without the need for centralized intermediaries. By utilizing smart contracts, the DEX ensures that trades are executed securely and transparently, with users retaining full control of their funds.

Market & Price

INNBC has experienced some recent fluctuations in price. The price of INNBC has been on a downward trend. It's reported to be down between 4.36% and 4.40% compared to last week. Trading volume is very low, with some sources reporting $0. INNBC has a very low market cap. The current price of INNBC is very low, around $9.98e-9 USD (which is 9.98 billionths of a US dollar).

Exchanges to Buy INNBC

Finexbox: Finexbox is a cryptocurrency exchange platform known for its wide range of listed tokens and coins.

Step 1 Download Trust Wallet: Choose Trust Wallet for its integration with the Ethereum network. You can get it from Google Play or the iOS App Store.

Step 2 Set up Trust Wallet: Register and set up the wallet, ensuring you store your seed phrase securely. Note down your wallet address.

Step 3 Buy ETH: Purchase Ethereum (ETH) from Binance. Follow Binance's instructions for buying ETH if you're new to the platform.

Step 4 Send ETH to Trust Wallet: Withdraw the purchased ETH from Binance. Set the network to Ethereum, enter your Trust Wallet address, specify the amount, and complete the withdrawal.

Step 5 Choose a DEX: Select a decentralized exchange (DEX) that supports Trust Wallet.

Step 6 Connect Trust Wallet: Connect your Trust Wallet to the chosen DEX using your wallet address.

Step 7 Trade ETH for INNBC: On the DEX, choose ETH as your payment currency and search for Innovative Bioresearch Coin (INNBC) to acquire.

Step 8 Find INNBC Smart Contract: If INNBC isn't listed, find its official smart contract address on Etherscan.io to ensure you're using the correct contract.

Step 9 Complete the Swap: Paste the INNBC contract address into DEX, review the transaction details, and execute the swap.

How to Store INNBC？

Storing INNBC securely involves using Ethereum-compatible wallets like MetaMask, WalletConnect, Coinbase Wallet, Fortmatic, or Trust Wallet. These wallets support ERC20 tokens, including INNBC, and are accessible across desktop and mobile platforms. MetaMask, available as a browser extension or mobile app. WalletConnect offers seamless integration across multiple devices. Coinbase Wallet provides a mobile app for managing cryptocurrencies, including ERC20 tokens. Fortmatic offers a simple web wallet experience with options for secure transactions and storage of INNBC. Trust Wallet allows you to store, send, and receive INNBC securely on both iOS and Android devices.

Is It Safe？

The Ethereum blockchain's established security protocols underpin INNBC's token infrastructure. Users can store INNBC in compatible wallets such as MetaMask, Trust Wallet, and others that support ERC20 tokens. These wallets provide security features like private key encryption and seed phrase backups, crucial for protecting assets from unauthorized access. The overall safety of holding and using INNBC also hinges on responsible storage practices by users.

Ensuring wallets are downloaded from official sources and maintaining confidentiality of access credentials are vital precautions. Innovative Bioresearch's efforts in peer-reviewed scientific research, published on platforms like PubMed, contribute to its credibility but do not directly guarantee the token's safety in the market.

How to Earn INNBC Coins？

Earning INNBC typically involves participating in activities supported by Innovative Bioresearch Ltd.'s ecosystem. INNBC tokens are designed to reward contributions to biomedical research projects supported by Innovative Bioresearch. Individuals can earn INNBC by actively participating in or funding these research initiatives.

Validators can also earn INNBC for securing the blockchain and maintaining its operations. Additionally, innovative Bioresearch occasionally conducts airdrops and promotional campaigns where users can receive INNBC for completing specific tasks or meeting certain criteria, such as social media engagements or referrals.

Frequently Asked Questions (FAQs)

What is INNBC (Innovative Bioresearch Coin)？

INNBC is a utility token issued by Innovative Bioresearch Ltd., focusing on supporting biomedical research, particularly in areas like HIV, cancer, and regeneration. It utilizes blockchain technology to decentralize funding and data sharing in scientific research.

How can I buy or trade INNBC？

INNBC can be purchased on exchanges like Finexbox. You can buy it by first obtaining Ethereum (ETH) from platforms like Binance, transferring ETH to a wallet compatible with ERC-20 tokens (e.g., MetaMask, Trust Wallet), and then using a decentralized exchange (DEX) like Uniswap to trade ETH for INNBC.

Risk Warning

Investing in cryptocurrencies requires an understanding of potential risks, including unstable prices, security threats, and regulatory shifts. Thorough research and professional guidance are advised for any such investment activities, recognizing these mentioned risks are just part of a wider risk environment.