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Available Coins and Tokens on Inlock platform2022-10-09T14:55:26+00:00

Available coins and tokens on Inlock Platform

INLOCK (ILK)2022-10-09T14:45:43+00:00

Issued: 2018-07-16
Added to Inlock: 2019-01-16
Available services: Savings, Swap, Tokenmarket pair
Preferred block explorer: https://etherscan.io/token/0xf784682c82526e245f50975190ef0fff4e4fc077

The INLOCK token (ILK) is the membership token of the INLOCK platform. Token owners can realize higher interest rates on their cryptocurrencies by storing them in their Savings Account. ILK token also provides additional benefits for holders, like: zero-fee withdrawal from the platform or access to Badge distribution. ILK token originally introduced on Ethereum network (under ERC20 token protocol), but currency also available on BSC network on a wrapped format.

 

Bitcoin (BTC)2022-10-09T14:48:42+00:00

Issued: 2008-01-03
Added to Inlock: 2019-01-16
Available services: Savings, Swap, Tokenmarket pair, Loan Collateral
Preferred block explorer: https://blockchairs.com/

Bitcoin was the first decentralised digital payment asset which started the cryptocurrency revolution. Although the original author still unknown, but today hundred of programmer working on the open-source protocol. Originally created as a peer-to-peer payment system, but nowadays it is more used as digital gold or digital store of value. Today Bitcoin the the most iconic symbol of a decentralized payment system, used and operated by millions.

Ethereum (ETH)2022-10-09T14:49:03+00:00

Issued: 2014-07-23
Added to Inlock: 2019-01-16
Available services: Savings, Swap, Tokenmarket pair, Loan Collateral
Preferred block explorer: https://etherscan.com

Ethereum is a reconsediration and redesign of the cryptocurrency technology itself. The goal is Ethereum network is definitely far than just a simple digital currency. The author of Ethereum Network (Vitalik Buterin) tried to create a complete decentralised asset and program ecosystem with millions of tokens and decentralised applications (dapp) built on this tokens. Today anyone can access decentralised financial services, like: savings/earn, loans, exchanges, insurances without any connection to any centralised and regulated entities. You don’t need more to access this service, just a simple browser extension, like: Metamask. Ethereum Network based asset is the ETH (Ether) and this is also the network access fee token (gas) as well.

Litecoin (LTC)2022-10-09T14:49:27+00:00

Issued: 2011-10-13
Added to Inlock: 2019-01-16
Available services: Savings, Swap, Tokenmarket pair, Loan Collateral
Preferred block explorer: https://blockchairs.com/

Litecoin was the first alternative cryptocurrency, based on Bitcoin codebase. In the original version, the creator modify some relevant consensus parameter on the original Bitcoin code, like: reduce block time from ~10 minutes to average 2.5 minutes and also modify the hashing algorithm to create a more ASIC resilient protocol (unsuccessfully). Litecoin was created by Massachusetts Institute of Technology graduate Charlie Lee. Lee is a former Google engineer who became interested in Bitcoin in 2011 and would, after creating Litecoin, join cryptocurrency exchange Coinbase as director of engineering in 2013. Today Litecoin is the cheaper version of Bitcoin, usually popular when Bitcoin network fees are high.

 

USD Coin (USDC)2022-10-09T14:45:14+00:00

Issued: 2011-10-13
Added to Inlock: 2019-01-16
Available services: Savings, Swap, Tokenmarket pair, Loan Collateral
Preferred block explorer: https://blockchairs.com/

USD Coin (USDC) is originally an Ethereum Network based so-called stable coin, fully backed by U.S. dollar assets. This is a tokenised dollar, which value pegged 1:1 to real U.S. dollar. USDC is managed by Centre, a consortium by Coinbase and Circle. Centre aims to change the global financial landscape by connecting every person, merchant, financial service, and currency worldwide.

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