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Before trading any crypto asset, it is important to understand the risks. This overview summarizes certain risks associated with this asset. No securities regulatory authority has issued an opinion regarding this asset, including an opinion that it is not itself a security and/or derivative.

Investors in Canada are reminded that no securities regulatory authority or regulator in Canada has assessed or endorsed any Crypto Contract or Crypto Asset made available through the Uphold Platform. Read our risk summary for qualifying crypto assets.

INSP Describes Itself As

Inspect is the first protocol for the Bittensor network, created to serve as Bittensor’s native DeFi and financial infrastructure. The network operates as an Ethereum optimistic rollup via the Optimistic Rollup tech stack. It enables real economic activity around Bittensor’s TAO token by introducing liquidity, leverage, stablecoins, and mining capabilities on top of the core network. The project acts as a secure gateway linking Bittensor with other blockchains (notably Ethereum and Solana) to channel liquidity and capital into Bittensor’s decentralized AI ecosystem.

Project Function

  • TaoFlow: A TAO-native DeFi module that lets users stake TAO for passive yield and take leveraged positions. TaoFlow provides capital-efficient lending/borrowing and yield farming functionality within the Bittensor ecosystem.
  • Xlayer: Inspect includes an analytics interface called Xlayer, which delivers real-time market intelligence and AI-driven signals over social platforms.
  • Token Utility 

    INSP is the project's governance token available as an ERC-20 and provides the following features to token holders:

  • Rewards: Users of Substrike earn a portion of rewards contributed via mining in INSP tokens.
  • About The Founders

    The founders are pseudonymous.

    Risks of INSP

    Like an investment in other crypto assets, there are some general risks to investing in INSP. These include:  (i) volatility risk and liquidity risk, (ii) short history risk, (iii) demand risk, (iv) forking risk, (v) code defects, (vi) regulatory risk, (vii) electronic trading risk, and (viii) cyber security risk. For additional information of these and other general risks associated with crypto assets and Uphold’s platform, please refer to the Risks Specific to Holding Digital Assets statement.

    In addition to these general risks, an investment in INSP is subject to the following specific risks:

  • INSP operates using smart contracts, which have an association with vulnerabilities and security breaches. Despite undergoing successful audits by well-regarded third-party entities, it is essential to acknowledge the existence of inherent risks. 
  • We emphasize that this Crypto Asset Statement is not an exhaustive description or summary of all risks associated with INSP. Investors should conduct their own research and perform their own assessment before trading any crypto asset to determine the appropriate level of risk for their personal circumstances.

    The INSP community and founding team are not under any legal or regulatory obligation to disclose material information to the public regarding its activities. Holders of INSP have no recourse to the INSP community, founding team, or Uphold if INSP declines in value for any reason.

    Changes to applicable law may adversely affect the use, transfer, exchange, or value of any of your crypto assets, and such changes may be sudden and without notice.

    Uphold’s Evaluation Process

    Prior to listing INSP on the Uphold Platform, Uphold performed due diligence on INSP and determined that INSP is unlikely to be a security or derivative under relevant securities legislation. Uphold’s analysis including reviewing publicly available information on the following: 

  • The creation, governance, usage, and design of INSP, including ensuring the source code is open-source, audited and peer reviewed, security, and roadmap for growth in the developer community. 
  • The supply, demand, maturity, utility, and liquidity of INSP.
  • Any marketing materials put forward by the INSP social team including on, Twitter, Medium blog, LinkedIn posts, Discord and Telegram channels.
  • Material technical risks associated with INSP, including any code defects, security breaches and other threats concerning INSP and its supporting blockchain (such as the susceptibility to hacking and impact of forking), or the practices and protocols that apply to them.
  • Legal and regulatory risks associated with INSP, including any pending, potential, or prior civil, regulatory, criminal, or enforcement action relating to the issuance, distribution, or use of INSP.
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