Summer stories
As the CEO of the INLOCK platform and the person in charge of this project, I would like to share the following information with you. As we mentioned before, from time to time we will publish a report on current tasks and challenges in order to make our operations transparent to all members of the community.
Although, from an outside perspective, the summer has been very quiet for us, as we have not sent you tons of newsletters and have only shared the most necessary information on our social media channels, that does not mean that nothing has happened behind the scenes.
After the crypto backed loan and lending features of our platform were launched in May, we were able to begin validating our services. It was a long journey until these new features were done, and on this long journey, although we have always kept in mind that we do it for our clients, it was important to measure how much our established community will use it. After more than three months we can say that the validation period has been successfully completed, well beyond our expectations.
Seeing all this, since the end of June we have started a more serious preparation, which is due in mid-September. Let’s see what we did all summer:
- We have consulted with European and Asian supervisors and lawyers about the legal status of INLOCK’s services and the direction in which our services could be expanded.
- The legal position of the INLOCK token was also a cardinal issue, as it is inevitable to harmonize it with many jurisdictions because of the exchange listings.
- Exchange Listing: Listing is still under preparation, so this time I won’t be able to share details, but I can confirm the rumor circulating in the market that the INLOCK token will be listed on a major crypto exchange with a strong reputation and significant Asian customer base.
There will be many changes on the platform due to the introduction of the exchange listing, as most token circulation has taken place on the INLOCK platform under closed conditions, which will be significantly changed by the fact that the INLOCK token goes to a cryptocurrency exchange with a significant customer base.
According to the original plans, INLOCK Superposition will be discontinued at the beginning of September and the INLOCK Base Index (IBI) will also be phased out. The former, in its current function, would adversely affect the token ecosystem with open exchange token trading. The latter becomes redundant, as, thanks to the listing there will be a real market price for the token, to which the platform service charge may be adjusted.
Of course, that does not mean we will say goodbye to Superposition forever, because if you look at our development roadmap, you can clearly see that it still has a big role to play. We will tell you more about this later.
While most of the team’s time is devoted to managing the tasks described above, there are of course many other important things to do for the September period, such as:
We are launching our awareness campaign to help our clients and followers understand why and how INLOCK differs from traditional crypto backed lending platforms. As a tasting, you can see some prepared message from the campaign.
We are launching a marketing campaign to promote our product in order to expand our active customer base.
Ahead of the September campaign, the next big release of INLOCK will come, with a number of important features such as counter-offers for borrowing and visualizing loan offers to help lenders determine when and for what interest rate to place their stablecoins.
While we do not yet know how the crypto market will evolve in the coming months, we can say for sure that INLOCK, with its complete product portfolio, will provide many alternative financial solutions to all crypto owners.
We will continue to empower everyone through INLOCK to unleash the purchasing power of their crypto assets without having to sell them and foreclose on their future growth potential.
