INLOCK (ILK) - ICO Details
INLOCK ICO Summary
INLOCK is bringing blockchain solution in the Finance industry.
Their initial coin offering will be held from September 15, 2018 and investors will be able to buy it until November 26, 2018.
A total of 4,400,000,000 ILK will be created and 0 will be available during the coin offering.
ILK sale will be considered successful if their softcap of 0(USD) is reached. Please keep in mind that the sale could end before November 26, 2018 if the hardcap of 27,500,000(USD) is reached.
During INLOCK ICO, investors will be able to buy ILK at 0.01 USD per Coin/Token.
Get all the details about INLOCK below and on INLOCK Official ICO website
INLOCK Project Info
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.
INLOCK ICO Details
INLOCK Stage Details
|Token for sale||0|
|Token Price||0.01 USD|
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 Korean.Q4/2018
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.Q1/2019
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.
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.Q4/2019
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.Q1/2020