BUDAORS, PEST (June 29, 2018) — INLOCK (INCOME LOCKER), a blockchain and smart-contract based peer-to-peer lending platform that enables crypto assets to be used as collateral, today announced that it will be hosting a community poll to help inform the development of its ILK token model.
Amidst preparation for the initial token sale and throughout the business screening process, INLOCK found that its token model with fractals created an unnecessary inconvenience for its users, leading to an overwhelming number of requests for a token split. The company determined that the token’s price did not affect the token model. The difference in total supply actually meant that the total market capitalization would remain the same. As a result, INLOCK opened the decision up to its community members.
“When we realized that we could change our token model to make it more convenient for our users, we did not hesitate to host a public poll for our community to decide,” said Csaba Csabai CEO and co-founder of INLOCK. “As advocates of decentralization, we feel strongly about involving our users in every major decision that we make. Our objective is to satisfy the needs of our customers and the market.”
INLOCK aims to be transparent in its business development to create a platform that genuinely fits the demands of the market and its customers.
The first 1,000 participants in INLOCK’s community poll will be rewarded with 2 USD worth of ILK tokens. Those interested in participating can visit this site. The poll will close on June 30, 2018 at 12:00 CEST.
About INLOCK INLOCK
INLOCK INLOCK is a blockchain and smart contract based peer-to-peer lending platform that enables cryptocurrency holders to manage short term liquidity problems by taking a loan in fiat and using their existing cryptocurrencies as collateral. The company was founded in 2017 by a team of fintech experts in Hungary with the goal of building up solutions for various use-cases between the traditional and crypto-asset based financial world. For more information, please visit www.inlock.io or join our Telegram channel.