Inlock

"Lending Platform That Enables Cryptocurrency Holders"

Inlock

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.

Description

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.

About

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 solutionsforboth 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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Website Traffic


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3.7

Score (Average)


4.3
3.5

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Status:
Ended
Type:
Main Sale
Start:
2018-09-15
End:
2018-10-12
Hard Cap:
27,500,000 USD
Soft Cap:
15,000,000 USD
Accepting:
BTC, BCH, ETH, LTC
Price:
100 ILK = 1 USD
Country:
Estonia
KYC:
Yes
Whitelist:
Yes
Website
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