Income Locker

Frequently Asked Questions

The main problem when it comes to cryptocurrencies is, if I sell my cryptocurrency today, that is a final transaction and a taxable event in many countries. Moreover, if I spend it, or exchange it, I lose all potential gains forever. So instead of spending it, it is more beneficial to get a loan – in order to finance my temporary liquidity problem using my cryptocurrency as collateral. This way I am free to choose to get back my cryptocurrency back in full in the event of a significant price increase.

Every parameter of every loan are locked in token based smart contracts, and these smart contracts are written on INLOCK’s independent blockchain. Thanks to blockchain technology, this data is traceable, verifiable and impossible to manipulate. This also guarantees that the lender will be able to get its cryptocurrency upon repaying the loan at any time.

Only the countries listed on the FATF blacklist are excluded from our system by default. This list exists since 2000 and its purpose is to fight global money laundering and terrorism. In addition to this restriction every client must respect their own country’s regulations.

In accordance with global anti-terrorism and anti-money laundering regulations, all customers must be verified by their government issued photo ID prior to using any of our services. This typically takes a few hours to complete, depending on the workload of our KYC partner. Upon completing the registration, customers can also setup 2-factor authentication for additional security.

The official website address of Income Locker is www.inlock.io
If you have any questions, we are happy to answer them here.
Official twitter: twitter.com/inlock_token
Telegram: join
Facebook: visit
Linkedin company page: visit

The intervals for allowed cryptocurrencies to be used as collateral:
BTC: 0.05 -50
ETH: 0.5 – 500
LTC: 2 – 2000
BCH: 0.3 – 400

We reserve the right to change these intervals, and we will notify all customers accordingly.

Loan contracts are made directly between the two parties. INLOCK only serves as an intermediary to ensure that all parameters of the smart-contracts are stored on our independent blockchain in a way that is impossible to manipulate. All terms included in such a contract are probative so the legality of a credit agreement between the parties is unquestionable.

Yes, of course! All of our services will be supported on mobile platforms as well.

Tokens acquired during the initial token sale or purchased directly from our platform are an integral part of the INLOCK ecosystem. For each loan transaction, every loan applicant needs to buy a sufficient amount of tokens. More information regarding the token sale and its scheduling will be available through our official channels.

During the token sale, or later directly from the INLOCK platform.
We will publish a full token purchase guide soon.

The tokens are freely transferable after the token sale and the customers will be able to trade them in our internal exchange. Furthermore, ILK tokens can also be stored in any ERC-20 supporting wallet.

Our whitepaper contains our roadmap, and it is available on the website as well.

In accordance with domestic and international regulations, INLOCK’s creditors may only be holders of licenses to grant credit. Commercial lending is not allowed for private individuals, according to Hungarian law currently in force, and in this respect, the MNB’s position is clear.


Contact Us

If you need any further information do not hesitate to ask! Our staff is working around the clock to answer every question in a timely manner.