Inlock is a blockchain-based lending ecosystem that enables cryptocurrency users to manage short-term liquidity issues by taking a loan tieing their existing cryptocurrencies as collateral.
The Inlock platform is the intermediary to record the transactions between the two parties that establish a link. Lenders offer a loan in the platform, and their risk is similar to a bank deposit due to his collateral can be swapped to fiat. On the other side, a borrower is able to set his conditions in the Inlock ecosystem such as amount, duration without taking a fixed rate fluctuation for exchange.
ILK the utility Ethereum-based token (ERC20) for the Inlock platform. The ILK token is a payment method in the ecosystem and a contract generator.
INLOCK will be holding its ICO on September 15, 2018. The ICO token supply represents 75% of the total token supply, so there will be a total of 330000000 tokens available, for 0.01 USD each at the offering. The ICO funding target is 15000000 USD, the funding cap is 27500000 USD and is expected to end on October 12, 2018 or when the funding cap is reached.
Token Reserve Split (25%):
The INLOCK ICO campaign will feature a bonus campaign, and the token will not be mineable.