Powerloan has done it again!!!
before ending the ICO the Dev Team has made an awesome dashboard 2.0
With all the features in it check out :
If you have seen the video you know now why this is the ico from 2018
Powerloan Stage 1 will sell out within the next 2 to 4 days. Do not miss the chance to own POWL tokens at $0.75 each with a 30% Bonus at the end of Stage 1. Now is the best chance to grow your holding by topping up on POWL tokens as well as getting your friends in.
Upon completion of Stage 1, bonus will be allocated within 24 hours.
Stage 2 will begin immediately once the admins verifies and confirm the closure of Stage 1.
ICO STAGE 1 PROGRESS UPDATE
ICO Stage 1 progress: 81.78%
Total registered user: 37,039
Total BTC deposited: > 210.57
Total POWL sold: >2,726,284
What will happen if ICO is not sold out ??
Powerloan have never planned for ICO to sell out. They do not have any softcap. Powerloan is setup and entirely funded by Johan and his team. All capital and expenses up till ICO finishes, is from the core team. None of ICO collected monies will be used in ICO marketing or other ICO activity. All investor ICO funds, will not be utilized for ICO activity or push ICO to finish. Powerloan focus on post-ICO value creation with funds collected.
How do they prove that they do not use our money?
If you do a lookup on all wallet addresses for deposit, no funds have been touched and will not be touched until ICO is over.
What will they use the funds from ICO then ?
If ICO don't sell out, doesn't it mean that the tokens are not valuable?
That is the wrong perception, a lot of other ICO uses ICO fund for development and marketing ICO before opening their platform. That is not right. Development and marketing of ICO is fully paid by Powerloan team and investor's money should come into play only after platform launches. That in a way translate to POWL token being more valuable than other ICO.
Other plans come into play for increase value for example:
The re-allocation of tokens from our 13 million Pre-Mine is now:
ICO 6,000,000 (No Change)
House Coin 1,100,000 (-300,000)
Referral Program 300,000 (-200,000)
Marketing Rewards 250,000 (-250,000)
Lending Reserve 4,000,000 (No Change)
Airdrop 1,350,000 (+850,000)
Powerloan will give up 300,000 house token and reallocated unused referral program and marketing reward tokens to ensure circulation is sufficient. Vesting period for house token have also been revised to 6 months for 200,000 token, 9 months for 400,000 token and 12 month for 500,000 token.
Expected result:
If Powerloan finish 50% of ICO Stage 2 - there will be 5.35 million token in open circulation,
if they complete all rounds of ICO, there will be 7,900,000 token if free circulation (which they don't think will happen). Any coin unsold after ICO will continue to be burned as planned)
The ICO is a milestone they have to go through, but it is not the critical success factor.
ICO is merely a fundraising phase, and it does not make sense for them to utilize any of your investments just to raise more fund. They do not want to be in debt, even before the platform opens.
This is why I love this project so much they tell us step by step what they are planning or working on.
Check it out for yourself with the links below
https://powerloan.io/?referral=9HRQHX
https://t.me/powerloan
https://twitter.com/PowerLoanIO
