
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.
Closed 2 months, 1 week ago
Token Sale | 09/15/2018 midnight - 12/12/2018 11:59 p.m. |
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Country | Estonia |
Type | ICO |
Token info
Type | ICO |
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Token | ILK |
Platform | Ethereum |
Token Price | 0.01 USD |
Total raised | 1,630,000 USD |
Token for sale | 3,300,000,000 ILK (75%) |
Token supply | 4,400,000,000 ILK |
Investment info
Soft cap | 15,000,000 USD |
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Hard cap | 27,500,000 USD |
Accepting | ETH, BTC, LTC, BCH |
Restricted countries | China, Iran, North Korea, United States of America |
Know Your Customer | Yes |
Whitelist | Yes |
Bonus |
Sept 15 - Sept 21 | Bonus: 17% |
-
1
Q4/2018
Technology:
➠ Coverage resupply option
➠ Portfolio contracts: store a combination of cryptocurrencies within one contract to mitigate short term price fluctuations). Portfolio contracts could contain 'stable coins' to further mitigate the risks of contract termination in case of margin call.
➠ Multilingual support for: Japanese, Chinese, South KoreanBusiness:
➠ Open head-office for INLOCK business development for the LATAM region in order to provide seamless service.
➠ Strategic partnership with Asian based microlending providers. Obtain legal license for LATAM region. Get necessary certificates for INLOCK platform to act as regulatory accepted Third Party Payment provider(PSD2-TPP) in the European Region.
➠ Strategic partnership with biggest screen scraping service providers to extend our payment management.
➠ Design the legal framework of cryptocurrency backed p2p lending in cooperation with authorities in order to extend the functionality of INLOCK, as it was designed to be able to operate as p2p platform, as soon as the regulatory environment allows it.
➠ Build up a complete PSD2 infrastructure to access all European banking services to be used as payment provider service -
2
Q1/2019
Technology:
➠ Mobile app development for IOS and Android in order to provide our users access to their balance and contract management options from their mobile devices, including lending with full functionality.
➠ Adding new functionalities for portfolio contract termination options: drop order, smart drop order.
➠ Implementing the layer-2 payments channels (ex.: lightning network) rental service.Business:
➠ Open head-office for INLOCK business development for the USA + Canada region in order to provide seamless service.
➠ Strategic partnership with US and EU based microlending providers to provide access to the INLOCK platform thus increasing the user bases for both ventures.
➠ To establish Strategic partnership with most popular stable coin solution providers to integrate these solutions within the INLOCK platform.
➠ To design the business processes in order to allow customers (both lenders and borrowers) to establish API connections to the INLOCK platform. -
3
Q3/2019
Technology
➠ Adding the exchange module which allows users to near-instant swap between cryptocurrencies
➠ Introducing the fee market: essentially the fee market allows potential borrowers to increase the motivation of finding a lending partner for their contract proposition sooner.
➠ Adding the next pool of cryptocurrencies: IOTA+ 2 additional based on customer demand.
➠ Advanced contract details to provide credit rating for lenders to help evaluate loan requests. (contract termination likelihood and historical performance of the Borrower).
➠ API release for automatic contract offer creation for lenders.
➠ Multilingual support for: Spanish, Russian, German.Business:
➠ Open head-office for INLOCK business development for the Asian region in order to provide seamless service.
➠ Strategic partnership with Asian based microlending providers. Obtain legal license for Asian region.
➠ Get necessary certificates for INLOCK platform to act as regulatory accepted Third Party Payment provider (PSD2-TPP) in European region.
➠ Strategic partnership with biggest screen scraping service providers to extend our payment management.
➠ Design the legal framework of cryptocurrency backed p2p lending in cooperation with authorities in order to extend the functionality of INLOCK, as it was designed to be able to operate as p2p platform, as soon as the regulatory environment allows it.
➠ Build up a complete PSD2 infrastructure to access all European banking services to be used as payment provider service. -
4
Q4/2019
Technology:
➠ Introducing credit swap; a second level market where the lender community will be able to exchange running contracts.
➠ Prediction AI to predict the termination overhead dynamically to assist platform users in selecting potentially safe margin call points
➠ Adding the next pool of cryptocurrencies: ZCASH+ 2 additional based on customer demand.
➠ Multilingual support for additional languages.Business:
➠ Obtain the necessary licenses for INLOCK to be able to collect FIAT deposits as a form of savings account for users.
➠ Open head-office for INLOCK business development in the ASIA region in order to provide seamless service.
➠ Strategic partnership with ASIA based microlending providers.
➠ Obtain legal license for ASIA region.
➠ Strategic partnership with biggest - non cryptocurrency, collateral based - peer-to-peer lending platforms. -
5
Q1/2020 Layer 2 Rental Service
➠ Adding the lightning network module: in practice this means that if the user has any free assets available within the balance the
user will be earning passive income constantly
➠ Implementing atomic swap functionality.
Bounty types
Bounty campaign information
Start of campaign | July 18, 2018 |
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End of campaign | Sept. 30, 2018 |
Tokens for bounty | 10,000,000 ILK |
Reward pool | 100,000 USD |
Bounty tokens percentage | 0.2 % |
Closed 2 months, 1 week ago
Token Sale | 09/15/2018 midnight - 12/12/2018 11:59 p.m. |
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Country | Estonia |
Type | ICO |
Financial information
Platform | Ethereum |
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Whitelist/KYC | Whitelist & KYC |
Token price | 0.01 USD |
Total raised | 1,630,000 USD |
Bonus | Available |
Interest
Alexa rank | 2,865,672 th |
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Telegram participants | 34,121 |
Twitter followers | 4,144 |
Promotional video views | 1,638 |
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