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Ratings 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
KYC
Experts
5.0
4.4
4.0
Review: coming soon PRO

Ended
Token
ILK
Type
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
Visit ICO website
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Ratings

All ratings published on ICObench serve informational purposes only. ICObench does not provide investment forecast, recommendations or any consulting for that matter. Thus, neither ICObench, nor the experts can be hold responsible for the visitors’ investment decisions. Read more
Jeremy Khoo
Group CEO | Blockchain Entrepreneur | VeChain ICO Partner | Fund Partner | Exchange Founder | Singapore
Rated on Sep 14, 2018
5
4
4
19%

Solid team and a strong product riding on the blockchain. This may be important for use and solve a big liquidity issue today. Will follow this closely.

+2Agree
+2
Disagree
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Krutesh Shah
Enterprenuer | CEO | ICO Advisor |Investor | Blockchain Enthusiastic | Public Speaker
Rated on Sep 6, 2018
5
5
4
17%

Amazing team and good advisors.

Concept and vision is really good. Whitpaper is in detailed which is good. They are locking team members' and advisors' tokens for a set period after the public token sale which is good.

They have an MVP, which is also encouraging. Best of luck team.

Agree
0
Disagree
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Paresh Masani
Executive Director | Project Lead | Developer | Influencer | Advisor | Blockchain Lover | Influencer | Strategy and Vision Execution
Rated on Aug 29, 2018
Modified on Sep 3, 2018
5
4
4
16%

Solid team. Great white-paper with detailed business, finance, and technical information. Great social presence. They have done great market and competition analysis. The only concern is there are plenty of almost similar lending platform projects - many of them didn't do well after the ICO. These projects are high risk of ROI for investors but it would be good to see some strong partners or developments to this platform. Good luck!

[Update] Thanks for providing detailed info on LinkedIn, Peter Gergo. I have updated my ratings for vision and product based on clarification I got regarding problems which lending platforms face and INLOCK is trying to fix them.

+1Agree
+1
Disagree
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Cynthia Turcotte
CEO and Co-Founder of BitcoinerX.com
Rated on Aug 24, 2018
Modified on Sep 4, 2018
5
5
4
5%

Anyone reading the roster of team and advisory board members will recognize at least a few - if not more - names. But what impresses me more is the range of expertise that each brings to the project. The only reason I did not give a 5 for the Team rating is because KYC has not yet been completed.

With regards to the project concept itself, I think it is excellent. While there are other lending platforms available that allow borrowers to use cryptocurrencies as collateral, InLock appears to be the most flexible and cost effective. The fact that an API will be available shows me that they are thinking beyond simply just launching the platform and are leaving room for future development / functionality.

I am also encouraged by the fact that they are locking team members' and advisors' tokens for a set period after the public token sale.

They have an MVP, which is also encouraging. I did notice that the signup process was very slow even though only a few basic pieces of information were requested. Also, the email that was supposed to be sent to me so I could activate my account has yet to arrive.

Still, I believe that these are just hiccups and that once they are addressed, I will be happy to update my review.

Overall, I think it is a solid project.

NOTE: The team has completed KYC since my initial review, so I am revising my team rating, changing it from a 4 to a 5.

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0
Disagree
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Benchy
ICO analyzer bot
4.3
43%

Experts are independently and voluntarily contributing to the community. If no expert has rated the ICO, only ICO analyzer's results are used. Always research before investing as these ratings should not be taken as an investing guide of any kind.

Ratings and ICO analyzer results are being updated (re-calculated) every few hours.

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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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