Inlock star

Inlock is a blockchain-based lending ecosystem that enables cryptocurrency users to manage short-term liquidity issues by taking a loan tieing their existing cryptocurrencies as collateral.

The Inlock platform is the intermediary to record the transactions between the two parties that establish a link. Lenders offer a loan in the platform, and their risk is similar to a bank deposit due to his collateral can be swapped to fiat. On the other side, a borrower is able to set his conditions in the Inlock ecosystem such as amount, duration without taking a fixed rate fluctuation for exchange.

ILK the utility Ethereum-based token (ERC20) for the Inlock platform. The ILK token is a payment method in the ecosystem and a contract generator.