Today is a very proud day for all of us at INLOCK because VentureBeat reported on the launch of our global, blockchain-based platform, which matches cryptocurrency holders who want to borrow against those assets, with licensed lenders. Our is a competitive system in which lenders compete for borrowers.
Our ILK token sale begins on Sept. 15, and our whitelist registration is now open with a 2,000-person limit.
Because funds from traditional and accredited institutions are involved, operating in a fully regulated environment is essential for INLOCK. This is how we will establish a standard of safety and trust for lenders and borrowers alike.
INLOCK is regulation compliant in the EU, the first region in which loans will be on offer first, once the platform is launched sometime in October. Our timetable for launching in other regions is as follows:
- 2018 Q4 – LATAM region (headquarter offices)
- 2019 Q1 – USA and Canada (headquarter offices)
- 2019 Q3 – SEA (South-East Asia) region (headquarter offices)
Negotiations with the UAE region are ongoing about tailoring INLOCK’s model to comply with local regulations.
INLOCK’s regulatory framework ensures that lenders can evaluate to whom they can provide loans, based on their local regulations. In accordance with these principles, INLOCK won’t exclude citizens of any country from participation. However, in the initial stages after launch, it’s possible that users from certain countries won’t receive loan offers.
From all of us at INLOCK, thank you for your support.
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