InsaneCoin is described as a fun venture run by a community with the idea to be a home for everything insane. According to the team members, people should go insane for crypto and when it comes to controlling their freedom, rights and wealth via a transparent and decentralized system, rather than all world’s money funnel through the same central corporations. The ISNane blockchain cryptocurrency is designed as a smart contract platform that enables anyone, anywhere in the world to take advantage of instant payments in a private, secure fashion. INSaNe utilizes a peer-to-peer blockchain technology that has been developed by Bitcoin to avoid central authorities and INSANE is the name of the open source software that enables the use of this protocol. It uses the combination of PoS/PoW proof type, with an initial Proof of Work distribution and is a mineable digital asset that holds its coins in a wallet and adopts a PoS interest rate of 10% per annum. Hence, INSANE is a tradable P2P token and can be acquired via different exchanges. It can be staked for INSANE rewards, mined, as it uses the X11 algorithm and serving the network by hosting a masternode and reaping the rewards. The launch of this project was in 2016 with a max supply of 22 million tokens issued.

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