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INLOCK

Lending Platform That Enables Cryptocurrency Holders

INLOCK is a lending platform that enables cryptocurrency holders to manage short-term liquidity problems by taking a loan, using their existing cryptocurrencies as collateral. The credit transactions are established between the two parties directly. INLOCK merely acts as intermediary to record the terms of the agreement. These terms are established in a smart contract, making every credit contract between parties immutable and impossible to manipulate. Inlock (ILK) is an ethereum-based token that will be used when creating a lending contract.

4.4
5 4 expert ratings
Benchy 4.3
Experts
5.0
4.4
4.0
View rating distribution
Ended
Token
ILK
Price in ICO
0.0100 USD
Country
Whitelist/KYC
KYC & Whitelist
Restricted areas
USA, Bolivia, Ecuador, Pakistan, Iran, Algeria, Morocco, People’s Republic of China, North-Korea, Libya, Cuba
ICO start
15th Sep 2018
ICO end
26th Nov 2018
More on ICO
Report

About INLOCK

Our goal is to connect people who already own cryptocurrencies, but have been unable to effectively utilize them, to those who want to benefit from the profit generated by cryptocurrencies, while avoiding the high risk that often characterizes crypto markets. Over the past year we have received numerous requests from both camps, and we are pleased to announce that we will soon release a platform that provides mutually beneficial solutions
forboth parties.

INLOCK is a lending platform which enables cryptocurrency holders to manage short term liquidity problems by taking out a loan, using their existing cryptocurrencies as collateral. Lenders wishing to offer a loan can do so - with the appropriate permits - risk-free to those in need. Due to the fact that collateral can be exchanged into FIAT currency immediately, the risks involved for the lender party are almost identical to a bank deposit while earning higher interest rates. Credit transactions are established between the two parties directly, while our service as an intermediary ensures that the parameters of the agreement are formally recorded. Each of these terms is included in a smart contract, ensuring that every credit contract between the parties is irrefutableand impossible to manipulate.

Borrowers are able to set theirown conditions inoursystem interms of amount and duration according to their needs. In addition, the level ofrisk taking for exchange rate fluctuations is customizable. The process is fast and seamless and there is no need for additional credit assessment, since the borrower provides the collateral, offering rapid and flexible convertibility. Our platform enables institutions to enter new markets which have been out of their reach, or else additional costs have prevented them from entering the market as lenders. The lending process requires a similar level of AML/KYC adherence similar to traditional lending.

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ICO KYC Report
2 members invited
Csaba Csabai
Passed
Peter Gergő
Passed
KYC procedure verifies selected/specific team members only. It does not guarantee ICO success nor is a call for investment.
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ICO Market Report - November 2018ICO Market Report - November 2018

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