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

[Incomelocker]

Do you need any licence for the operation? You know - loans usually works strictly according to the rules and regulations and companies which operate with loans have to have a permission or licence..

Inlock’s activity falls into the legal class of credit intermediation, so applicable laws apply to us. We have developed the regulatory framework for Hungary already and obtained the necessary licenses as well. The necessary legal requirements for the outsourceable roles of our platform (matching service provider, collateral manager) differ from region to region, for example in Estonia one must hold a credit intermediation license in order to become a collateral manager.

[Incomelocker]

I foresee a very big competition between this project and ETHlend. Both gonna operate with crypto loans. Will see which one will be really better

At the bottom of our page (https://loan.inlock.io/) we have a Market Analysis section, a chart which shows what differentiates us from other projects (including ETHlend).

[all_inman]

Do you need any licence for the operation? You know - loans usually works strictly according to the rules and regulations and companies which operate with loans have to have a permission or licence..

Inlock’s activity falls into the legal class of credit intermediation, so applicable laws apply to us. We have developed the regulatory framework for Hungary already and obtained the necessary licenses as well. The necessary legal requirements for the outsourceable roles of our platform (matching service provider, collateral manager) differ from region to region, for example in Estonia one must hold a credit intermediation license in order to become a collateral manager.

Where may I take a look at the licence you have already got?
And one more: how big user base do you expect in a year after launch?

[prygunovpasha]

Do you need any licence for the operation? You know - loans usually works strictly according to the rules and regulations and companies which operate with loans have to have a permission or licence..

Inlock’s activity falls into the legal class of credit intermediation, so applicable laws apply to us. We have developed the regulatory framework for Hungary already and obtained the necessary licenses as well. The necessary legal requirements for the outsourceable roles of our platform (matching service provider, collateral manager) differ from region to region, for example in Estonia one must hold a credit intermediation license in order to become a collateral manager.

Where may I take a look at the licence you have already got?
And one more: how big user base do you expect in a year after launch?

The mass adoption of the project will totally depend on the adoption of the crypto overall. More users will join the crypto community - more users will join INLOCK

[Incomelocker]

Where this project is registred? To what jurisdiction does it belong??

Income Locker is registered in Estonia and the jurisdiction is Estonian.

[aragon4ikSS]

I am new in this system, so I want to ask about the goal of this system..

[sila-shulz1272]

An interesting topic for implementation in the crypto community. But I think most of all lending will take place in bitcoin and Ethereum ? It is unlikely that little-known tokens will participate in lending ? Do you plan to sell your Unlock tokens on the ico , and if it is, what will be the conditions for the participants?

[Nskaolimpiyskiy]

I am new in this system, so I want to ask about the goal of this system..

I am sure, the goal is to connect people who already own cryptocurrencies!

The team will help those people, who have been unable to effectively utilize them

[andrew_aer]

what is INLOCK in a few words? What kind of platform is it?

It is a lending platform which enables cryptocurrency holders to manage short term liquidity problems

[prygunovpasha]

what is INLOCK in a few words? What kind of platform is it?

It is a lending platform which enables cryptocurrency holders to manage short term liquidity problems

what are the processes, that must be managed? Can anyone tell it to me?

[kabackovas]

what is INLOCK in a few words? What kind of platform is it?

It is a lending platform which enables cryptocurrency holders to manage short term liquidity problems

what are the processes, that must be managed? Can anyone tell it to me?

It will be made by taking out a loan, using their existing cryptocurrencies as collateral.

[aragon4ikSS]

what are the actions and aims of the lenders? What do they want?

[Boooogieeee]

what are the actions and aims of the lenders? What do they want?

They are wishing to offer a loan can do so - with the appropriate permits

[Nskaolimpiyskiy]

what are the actions and aims of the lenders? What do they want?

They are wishing to offer a loan can do so - with the appropriate permits

So they are kind of risk-free to those in need. It is pretty interesting!

[ricardovaldossa]

why all these actions with lenders are made? What is the reason?

[nofork_man]

why all these actions with lenders are made? What is the reason?

It is made due to the fact that collateral can be exchanged into FIAT currency immediately

[sirskyy]

why all these actions with lenders are made? What is the reason?

It is made due to the fact that collateral can be exchanged into FIAT currency immediately

What about the risks? What are they like and about?

[semiwylson]

I would like to ask about the credit transactions? What are they like?

[karlos_545]

I would like to ask about the credit transactions? What are they like?

they are established between the two parties directly, while their service are made as an intermediary

[all_inman]

I would like to ask about the credit transactions? What are they like?

they are established between the two parties directly, while their service are made as an intermediary

And it ensures that the parameters of the agreement are formally recorded.