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

[davychto78]

Hello everyone. Just unterested, whether there is minimum limit on deposit or no? Thanks

As far as I know, the intervals for allowed cryptocurrencies to be used as collateral:
BTC: 0.05 -50
ETH: 0.5 – 500
LTC: 2 – 2000
BCH: 0.3 – 400

[Incomelocker]

Ideas from developers are very large. Another thing is the implementation of the project. I think that a lot of tasks and, accordingly, the guys will be quite difficult. You need a large team of programmers and marketers.

Yes, in our time without a strong team it will be very difficult to break through the mountains of competition. All the more difficult it will be with already prosperous competitors ...

Well, it all depends on how much the team believes in the project and is ready to work on its development. A lot depends on quality management! If you let things go by themselves - nothing happens!

If the market shows a large drawdown after fees - they may not have enough money, so that not only does the team depend on everything

We are fully committed to deliver, when we evaluated the crypto landscape we identified the problems that surrounds these platforms, it became clear that solving these is a must - whether you like it or not. We as a platform decided to go all the way. I couldn't agree more on the quality management part, that's why we had an extensive test phase with close to a thousand participants to get valuable feedback from customers, because at the end of the day customer satisfaction should be one of the top priorities.

[Antearth]

Hello everyone. Just unterested, whether there is minimum limit on deposit or no? Thanks

As far as I know, the intervals for allowed cryptocurrencies to be used as collateral:
BTC: 0.05 -50
ETH: 0.5 – 500
LTC: 2 – 2000
BCH: 0.3 – 400

Thank you very much! Seems more than affordable for everyone

[davychto78]

Hello everyone. Just unterested, whether there is minimum limit on deposit or no? Thanks

As far as I know, the intervals for allowed cryptocurrencies to be used as collateral:
BTC: 0.05 -50
ETH: 0.5 – 500
LTC: 2 – 2000
BCH: 0.3 – 400

Thank you very much! Seems more than affordable for everyone

True thing

[Antearth]

And do they use blockchain?

[davychto78]

And do they use blockchain?

Yes, of course

[Jorifrom]

And do they use blockchain?

Yes, of course

and why they decided to use it, don't you know??

I am also interested, to be honest

[mew-fan]

And do they use blockchain?

Yes, of course

and why they decided to use it, don't you know??

I am also interested, to be honest

Loan contracts are made directly between the two parties. INLOCK only serves as an intermediary to ensure that all parameters of the smart-contracts are stored on our independent blockchain in a way that is impossible to manipulate. All terms included in such a contract are probative so the legality of a credit agreement between the parties is unquestionable

[Jorifrom]

And do they use blockchain?

Yes, of course

and why they decided to use it, don't you know??

I am also interested, to be honest

Loan contracts are made directly between the two parties. INLOCK only serves as an intermediary to ensure that all parameters of the smart-contracts are stored on our independent blockchain in a way that is impossible to manipulate. All terms included in such a contract are probative so the legality of a credit agreement between the parties is unquestionable

Great, thank you. Where have you found all this?

[aileen393332xe5157]

INLOCK is a loan platform. Credit transactions are made between the two parties directly. INLOCK only acts as an intermediary to record the terms of the agreement. These terms are specified in a smart contract, making each credit contract between parties that cannot change and cannot be manipulated.

So will the borrowers have to pay a fee for the INLOCK intermediary platform? Or will the banks pay INLOCK?

[mew-fan]

And do they use blockchain?

Yes, of course

and why they decided to use it, don't you know??

I am also interested, to be honest

Loan contracts are made directly between the two parties. INLOCK only serves as an intermediary to ensure that all parameters of the smart-contracts are stored on our independent blockchain in a way that is impossible to manipulate. All terms included in such a contract are probative so the legality of a credit agreement between the parties is unquestionable

Great, thank you. Where have you found all this?

Right on their website

[Incomelocker]

INLOCK is a loan platform. Credit transactions are made between the two parties directly. INLOCK only acts as an intermediary to record the terms of the agreement. These terms are specified in a smart contract, making each credit contract between parties that cannot change and cannot be manipulated.

So will the borrowers have to pay a fee for the INLOCK intermediary platform? Or will the banks pay INLOCK?

Every transaction on the platform requires a very small (0,25%) percentage based fee (based on the value of the deposited cryptocurrency) which must be paid with ILK tokens. The number of ILK tokens required to cover the fees is determined by the current exchange rate of the ILK token. You can find more info in our WP. https://loan.inlock.io/wp-content/uploads/2018/08/Whitepaper_V1.08.pdf

[Incomelocker]

As for the graphical interface, there are already some sketches? What will the platform look like in the future?

We have a functioning MVP demo, available at https://mvp.inlock.io where you can post lending requests, you will be given demo offers as well to have a chance to feel the Inlock experience.

[Incomelocker]

What are you actually trying to achieve with this project?

There goal is to connect people who already own cryptocurrencies, but have been unable to efectively utilize them, to those who want to benefit from the profit generated by cryptocurrencies, while avoiding the high risk that often characterizes crypto markets.

It looks like a utopia) In any business there are always risks. And if the project uses cryptocurrency, then the risks increase. Everyone knows this)

I like the utopia part you mentioned, yes our platform works exactly the way banks should have been working - before they deviated from collateral based loans.

[RecoveryMan]

Fascinating project and amazing team. With such a motivated and experienced team they will definitely go far! I love this project and I love the progress they make

[Antearth]

Fascinating project and amazing team. With such a motivated and experienced team they will definitely go far! I love this project and I love the progress they make

It is impossible to disagree with you

[IcECUBE14]

What I really love is flexible loan terms set by the borrower

[Jorifrom]

What I really love is flexible loan terms set by the borrower

Oh, really? That will definitely be convenient for everyone, for both sides

[maryjanewatson]

Hey all. Someone knows about their key benefits?

[Antearth]

Hey all. Someone knows about their key benefits?

I am also interested