Apr 16, 2019
One service in particular which is a driving force of every economy is lending. The increasing number of cryptocurrency owners do not only see cryptocurrencies as a way to achieve short-term gains, but as a long term investment, a vision. However, the wealth stored in cryptocurrencies is not liquid; it can onlybe leveraged with a high levelofrisk and associated costs. Cryptocurrencies sold in orderto finance a temporary liquidity problem can often be bought back at a significant loss. Due to these risks and in the absence of a better option these assets remain stored in cryptowallets and rarelyused.
Our goal is to connect people who already own cryptocurrencies, but have been unable to eectively 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 oera 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 forthe lenderparty are almost identicalto 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 ofamount 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, oering 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.
Inlock helps users both retain their crypto and access its purchasing power by taking out near instant fiat loans with crypto collateral. These digital assets sold to finance a temporary liquidity problem can often only be bought back at a significant loss.
CRED ITBorrowers and Lenders can fully customize loans with flexible interest rates and variable terms regarding loan duration and the amount deposited. No credit score check required, since all loans are 100%+ collateralized by crypto assets. Collateral managers actively monitor the current value of the collateral to provide full security for the lender.
After successful loan repayment, borrowers can still recognize the the profit on their cryptocurrencies if exchange rates rise during the contract period. Excluding interest payments, INLOCK platform users pay every cost in ILK tokens. Thus, the ILK token plays an integral part of the INLOCK ecosystem. ILK tokens can be purchased directly from the platform or during the multi-phase token sale.
Q1/2020 Layer 2 Rental Service
$20 570 237
$13 475 000
$13 810 395
INLOCK is a lending platform which enables cryptocurrency holders to manage short-term liquidity problems by taking out loans using their existing assets as collateral.
The platform use creates a conducive peer-to-peer lending environment enabling the users to obtain easy financial assistance through the use of cryptocurrency making the project viable. I would therefore invest in it.
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.
This offer is based on information provided solely by the offeror and other publicly available information. The token sale or exchange event is entirely unrelated to ICOholder and ICOholder has no involvement in it (including any technical support or promotion). Token sales listed from persons that ICOholder has no relationship with are shown only to help customers keep track of the activity taking place within the overall token sector. This information is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice or carry out your own due diligence before taking, or refraining from, any action on the basis of the content on our site. Any terms and conditions entered into by contributors in respect of the acquisition of Tokens are between them and the issuer of the Token and ICOholder is not the seller of such Tokens. ICOholder has no legal responsibility for any representations made by third parties in respect of any Token sale and any claim for breach of contract must also be made directly against the Token issuing entity listed herein.
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