ICO short overview
Inlock (ILK)
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Inlock ICO summary information

Project Description

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.

Team:

  • Csaba Csabai: Co-founder, CEO.
  • Peter Gergő: Co-founder, CMO.
  • Benedict Bánáthy: CSO.
  • dr. György CsehCOO. 

Inlock will be holding its ICO on September 1, 2018. The ICO token supply represents 75% of the total token supply, so there will be a total of 33000000 tokens available, for 1 USD each at the offering. The ICO funding target is 15000000 USD, the funding cap is 27500000 USD and is expected to end on September 30, 2018 or when the funding cap is reached. 

Token Reserve Split (25%):

  • 10% Founders and Team;
  • 10% Advisors;
  • 5% Reserved for Marketing;

The Inlock ICO campaign will feature a bonus campaign, and the token will not be mineable.

Bonus Structure:

  • 17% Sept 15 – Sept 21
  • 12% Sept 22 – Sept 28
  • 9% Sept 29 – Oct 5
  • 2% Oct 6 – Oct 12

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*Disclaimer: This data should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency/cryptotoken or ICO.
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