[ANN] [ILK] INLOCK - Loans with Crypto Collateral - Lenders Compete for You

[Incomelocker]

Hey guys. Anyone aware of their roadmap? Would be really interested 

You can check our roadmap here: https://loan.inlock.io/#roadmap

[Incomelocker]

this is important, because when the value of the crypto currency is falling, people are less willing to invest in ico. And the project is interesting, I would like that the team would do well!

Thanks for the support!

[Rellinc]

Hello everyone, may I briedly what is the project about?

[Incomelocker]

Burn probably, so usually do projects. This is already a normal practice is considered. Although I also wonder what will happen to tokens that do not sell.

All unsold tokens will be locked until September 30, 2019 (1 year after the token sale). These tokens will be distributed among all token sale participants if they still have ILK tokens as the same address they provided during the token sale. We wish to reward participants for their long term commitment. The distribution is based on the number of tokens they still have in their wallets proportionally to others. ILK tokens purchased and sent to these addresses do not count towards distribution.

[Incomelocker]

Hello everyone, may I briedly what is the project about?

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. Please check our website for more info. https://loan.inlock.io/

[Qimairein]

Inlock is a lending platform enabling cryptocurrency holders to manage short term liquidity problems by taking out a fiat loan using their existing crypto assets as collateral. This is from their website

[Rellinc]

Inlock is a lending platform enabling cryptocurrency holders to manage short term liquidity problems by taking out a fiat loan using their existing crypto assets as collateral. This is from their website

And is it the whole process of using it difficult?

[inoes]

Burn probably, so usually do projects. This is already a normal practice is considered. Although I also wonder what will happen to tokens that do not sell.

All unsold tokens will be locked until September 30, 2019 (1 year after the token sale). These tokens will be distributed among all token sale participants if they still have ILK tokens as the same address they provided during the token sale. We wish to reward participants for their long term commitment. The distribution is based on the number of tokens they still have in their wallets proportionally to others. ILK tokens purchased and sent to these addresses do not count towards distribution.

why not burn what is the reason?
I think it's good enough to maintain your supply of tokens if you give an unsold token to participants how will it affect prices and even circulation?

[Qimairein]

Inlock is a lending platform enabling cryptocurrency holders to manage short term liquidity problems by taking out a fiat loan using their existing crypto assets as collateral. This is from their website

And is it the whole process of using it difficult?

No! The process is fast and seamless as it eliminates the need for additional credit checks since the borrower provides collateral, which offers rapid and flexible convertibility. It is realy user-friendly

[Qimairein]

I see the project really promising

It definitely is! You can check their roadmap on their website

[Rellinc]

I see the project really promising

Hey guys. Someone knows what is 1 token price?

[Incomelocker]

I see the project really promising

Hey guys. Someone knows what is 1 token price?

100 ILK = $1

[Incomelocker]

Burn probably, so usually do projects. This is already a normal practice is considered. Although I also wonder what will happen to tokens that do not sell.

All unsold tokens will be locked until September 30, 2019 (1 year after the token sale). These tokens will be distributed among all token sale participants if they still have ILK tokens as the same address they provided during the token sale. We wish to reward participants for their long term commitment. The distribution is based on the number of tokens they still have in their wallets proportionally to others. ILK tokens purchased and sent to these addresses do not count towards distribution.

why not burn what is the reason?
I think it's good enough to maintain your supply of tokens if you give an unsold token to participants how will it affect prices and even circulation?

Based on our mathematical model, we will sell the necessary number of tokens during our public sale for our business model to work, and distribute the rest among those who held on to their tokens for a year. This will incentivise users to hold on to their ILK, which will further stabilize price. We think burning tokens is a bit similar to insider trading, because we will be aware of the token price increase in advance.

[Qimairein]

It is $1 for 100 ILK Quite affordable

[Mariia_BT]

this is important, because when the value of the crypto currency is falling, people are less willing to invest in ico. And the project is interesting, I would like that the team would do well!

because of the fact that for the sake of the cost of crying the goods fall significantly, many investors are not ready to invest in projects that really have an interesting successful idea. it's very bad because good ideas are worth keeping up.

[Hinaldron]

It is $1 for 100 ILK Quite affordable

And how much tokens are allocated for public sale?

44% of total amount of tokens

[Qimairein]

It is $1 for 100 ILK Quite affordable

And how much tokens are allocated for public sale?

44% of total amount of tokens

And there are some tokens for private sale

[Hinaldron]

It is $1 for 100 ILK Quite affordable

And how much tokens are allocated for public sale?

44% of total amount of tokens

And there are some tokens for private sale

And 10% for founders and team

[Joceand]

What I love is that they 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 Inlock is reaching out to LATAM as well

[Joceand]

What I love is that they 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 Inlock is reaching out to LATAM as well

Oh really? That might be really interesting partenrship

Exactly We are all under impression