Introducing $ILOCK: Cybersecurity token

Andrew Ciaccia
January 20, 2023

What is Interlock?

NFT theft and DeFi wallet hacks are the biggest threats to Web3 consumers and centralized, siloed security solutions are not prepared to combat them. That’s why we’re building Interlock. We believe that a collaborative security model powered by blockchain technology is the only way to combat today's online threats.  

How Does it Work?

It’s simple: centralized security products bring value to the software provider, while users foot the bill. At Interlock, we've built a free, enterprise-grade security extension called ThreatSlayer.  

The future version of ThreatSlayer will be blockchain-based and reward users with $ILOCK for sharing anonymized security data. So not only will you be protected, you’ll be earning tokens and making the internet a safer place for everyone! By passively sharing security data, ThreatSlayer users make the network and product safer.  All while, laying the foundation for our revenue generating enterprise software business. That means you stay safe, help build our threat intelligence network, and as we grow, you get a piece of the pie.

Interlock extension users, bounty hunters, enterprise customers and partners collaborate to create a safer internet, while creating token value and utility for all participants.

$ILOCK Token Value Flow

token value flow

·     Security Stakers: Sometimes our product needs some human assistance to determine if a page is dangerous or not. So when you help improve our data set by staking on non-malicious grey area entities, you earn more $ILOCK tokens. Interlock also allows you to stake for yield, as an added bonus.

·     Extension Users: The free ThreatSlayer extension gets you enterprise-grade protection against web threats, like phishing attacks, bad downloads, and scams. And when you choose to share your anonymized security data (nothing personal, we promise), you receive the $ILOCK token (and an extra dose of protection). In the future, extension users can stake to unlock even more benefits.

·     Bounty Hunters: An underground group of power users that scour the web and click on everything dangerous or malicious-looking. Think bug bounties, but easier to find. They’ll help determine what’s safe or not, and earn $ILOCK tokens for doing the dirty work.

·     Enterprise & Data Platform Customers: Our platform is also sold to large enterprises. As the enormity of our threat intelligence network grows, our value to our enterprise customers increases. We also sell additional security data products to the enterprises, who can then buy and stake tokens for licensing discounts.

Release Schedule & Token Distribution

Release Schedule

We plan to emit 1 billion tokens over an 86-month period. Here are the first 3 years of emissions, divided into half-year periods. This release takes us up to Q2 2025.

Token Distribution

In addition to the allocation above, we have put aside a percentage of tokens for a community sale to our early supporters, those of you who engage with our project and take a genuine interest.

A more detailed tokenomics PDF is available here.

Get Involved: This is where it gets fun. We’re putting aside a percentage of tokens for our early supporters. You can show your interest by signing up for our newsletter to get notified about when the token is going to be released. You can also join our Twitter, Telegram and Discord. Get in before the FOMO kicks in.

Please note all details are subject to change at the discretion of the Interlock team.

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