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.
China, Iran, North Korea, United States of America
Cryptocurrency markets have witnessed substantial volatility in the past. There are a
number of factors behind the INLOCK adverse price movement.
Economic of stability
The most important property of the transaction logic is that it is independent of the INLOCK
token market price. The transaction price depends only on the collateral, calculated on a FIAT basis. In particular, it does not derive from the INLOCKtoken market rate.
Features for Inlock
The risks involved for the INLOCK lender party are almost identical to a bank deposit but with higher interest rates and profit potential.The credit transactions are established between the two parties directly. INLOCK merely acts as intermediary to record the terms of the agreement.
The Borrower is able to set their INLOCK own conditions using platform such as the amount and lock-in period duration based on their needs. Furthermore, the risk level for exchange rate fluctuations is also customizable.
The process is fast and seamless INLOCK and eliminates the need for additional credit checks since the borrower provides collateral, which offers rapid and flexible convertibility.The credit transactions are established between the two parties directly. INLOCK merely acts as intermediary to record the terms of the agreement.
Q1/2020 Layer 2 Rental Service
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.
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