Topic: [ANN] [ILK] INLOCK - Loans with Crypto Collateral - Lenders Compete for You - page 49. (Read 272856 times)

Exactly

Exactly

So will we))

Where can I follow the news of this project?

Well, these guys have a well-thought business model! they'll have enough

I guess Inlock is not greedy like other projects))

I wouldn't say it's usual. Some projects take more

10%, as usual, i guess

I'm actually thinking right now what to do with my BTC. so nice i wouldn't have to think about it after the launch

How many tokens are reserved for the team?

Can you imagine a world where you never have to sell your cryptocurrency, but are still able to access it’s purchasing power?

Let us introduce our lending platform that provides FIAT loans using crypto as collateral. While there are a couple players already present on the market, let’s break down what differentiates us from others, and why we think there is a need for our service:
Though the basic premise stays the same (fiat loans with crypto collateral), “another” does not mean “just another”. We are all crypto holders who have been faced with the common problem: got crypto, do not want to sell, hard to spend it, need fiat, what to do? We looked at options on the market, but found nothing we would use ourselves. Some competitors are based in the US (we can’t use their services here in the EU), some have ridiculously high interest rates. What differentiates us from other lending platforms? On our platform Banks compete for you – this strong market competition ensures that the interest rates are as low as possible – after all, this is the ultimate goal of Borrowers.
That’s right, if we let lenders offer loans with varying interest rates instead of us holding a limited liquidity pool, something magical will happen. Firstly, the platform will never run out of cash to give out, and secondly, because market competition is in place, lenders will compete on interest, and as we all know, low APR% is the name of the game when it comes to lending.
Whitelist: 1st of August | Token sale 15th of September

Quick facts:

• The INLOCK team raised more than $1.5 M in the seed (f&f) round
• We have already partnered with Virpay, a Hungarian financial service provider. They will provide the necessary FIAT liquidity for the MVP period, furthermore there are ongoing negotiations with other market players in the EU region and we are reaching out to LATAM as well
• We already have a working prototype, a mathematically proven token model
• We work closely with regulators to create a proper legal infrastructure in which cryptofinance and traditional finance can prosper side by side

Telling tales about how wonderful we are is one thing, but the market’s opinion is what really matters. Here’s a quick extract of our whitepaper. If you think it’s worth reading, you can find the full document here.
Inlock is a lending platform which enables cryptocurrency holders to manage short term liquidity problems by taking out a fiat 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 are included in a smart contract, ensuring that every credit contract between the parties is irrefutable and impossible to manipulate.
Borrowers are able to set their own conditions in our system in terms of amount and duration according to their needs. In addition, the level of risk 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.

Check out our website at: www.inlock.io for more information
We would be honored to welcome you on our official channels:
Web: www.inlock.io
Telegram: http://t.me/inlock
Twitter: http://twitter.com/inlock_token
Facebook: http://facebook.com/incomelocker/
Linkedin: http://linkedin.com/company/income-locker/

no problem!

Team is experienced and I love it. They really know how to make the project better, successful

thanks. Appreciate it!

For sure!