Introducing $ILOCK: Cybersecurity token

Andrew Ciaccia
August 12, 2023

What is Interlock?

Phishing attacks and social engineering 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 future for combatting today's online threats.

How Does it Work?

We're building blockchain-based security products for individuals and enterprises. By leveraging blockchain technology and Artificial Intelligence (AI), we harness the power of the crowd to share essential threat intelligence data between consumers and enterprises, resulting in a safer internet for all.

Our core consumer product, ThreatSlayer is a security extension that protects users from dangerous websites. The upcoming version of ThreatSlayer will be blockchain-based and reward users with $ILOCK for sharing anonymized security data. By passively sharing security data, ThreatSlayer users make the network and product safer. All while, laying the foundation for our revenue generating enterprise business.

ThreatSlayer 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

Token Ecosystem & Utility

$ILOCK is a PSP-22 utility token, initially launching on the Aleph Zero Network.

ThreatSlayer Users:
Users are rewarded with $ILOCK for sharing anonymized security data

Security Stakers: Sometimes our AI Threat Detection needs some human assistance to determine if a page is dangerous or not. So when users help improve our data set by improve our threat detection, you earn $ILOCK tokens.

Yield Staking: Interlock also allows you to stake for yield, as an added bonus.

URL Scanning Fees: Tokens will be used to scan URLs, upgrade product functionality, and customize experience.

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 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.

A more detailed tokenomics is available here.

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