POWERLOAN Registration+Deposit is open now.
ICO Stage 1 starts 12th May 2018 10AM UTC.
30% Bonus token for ICO Stage 1.
Bounty Program
About PowerLoan
Powerloan is a crypto lending program aimed at becoming a store-of-value token. Owner of Powerloan Coin or POWL, is able to stake it in a micro-loan to earn daily interest until the loan duration matures. Upon maturity of their stake, the tokens will be returned. Ownership rewards and attractive bonuses from loans can be earned from personal staking, as well as referral's staking. Interest earned, can be converted to additional POWL coins that can be staked in new micro-loans or sold at the internal/external exchange.
Token Attributes
Token Name : POWERLOAN Coin
Token Ticker : POWL
Algorithm : SHA-256 (Own blockchain
http://chain.powerloan.io)
Max Supply : 21,000,000
Premine Amount : 13,000,000
Send/Receive Confirmation : 3 Confirmations
ICO Stages
PRE-ICO
Price Per Unit: $0.50 + 30% Bonus Token (Airdrop at end of Pre-ICO)
Amount: 1,500,000
ICO Stage 1
Price Per Unit: $0.75 + 30% Bonus Token (Airdrop at end of round)
Amount: 1,500,000
ICO Stage 2
Price Per Unit: $0.90
Amount: 1,500,000
ICO Stage 3
Price Per Unit: $1.10
Amount: 1,500,000
Lending Rewards (Staking)
Packages
Loan Package A
Duration: 60 days
Principle Interest: Up to 1.5% (daily)
Base Interest: 0.25% (daily)
Early Withdrawal Penalty: 5%
Loan Package B
Duration: 90 days
Principle Interest: Up to 1.5% (daily)
Base Interest: 0.35% (daily)
Early Withdrawal Penalty: 6%
Loan Package C
Duration: 180 days
Principle Interest: Up to 1.5% (daily)
Base Interest: 0.50% (daily)
Early Withdrawal Penalty: 7%
Multipliers
Standard Loan Level
Amount: $0.01 to $1000.00
Package Multiplier: 1.10
Boss Loan Level
Amount: $1000.01 to $5000.00
Package Multiplier: 1.20
VIP Loan Level
Amount: $5000.01 and above
Package Multiplier: 1.35
Daily Referral Interest
Tier 1 - 0.25%, Tier 2 - 0.20%, Tier 3 - 0.15%, Tier 4 - 0.05%, Tier 5 - 0.05%
Crowdsale Referral Bonus
Tier 1 - 8%, Tier 2 - 4%, Tier 3 - 2%, Tier 4 - 1%, Tier 5 - 1%
POWL Interest Calculator
Exchange in Discussion
Coinexchange, Mercatox, KuCoin, Stocks.Exchange and HitBTC.
Bounty Program
Bounty Available (Bounty thread):
YouTube, Blog, Telegram, Signature and Bug Report.
Other Languages
Current Offers
Bonus 100 POWL Tokens for early deposits - promo ending 28th April 2018.
Important Updates
6th April 2018 In a strategic move to make POWL token price stable and strong, Powerloan have decided to add interest conversion to BTC. Owners who have earned interest in lending can convert it directly into BTC for withdrawal. This is to avoid dumping of POWL token on exchange in order to cash out. Owners can also benefit from not paying multiple transaction fee in order to convert for withdrawal.
7th April 2018 1. Powerloan has been rate 4.8 out of 5 by ICOreview.site the leading review for lending coins. Powerloan was rated "Very High" for Hype, "Very Low" for Scam and "Very High" for Moon. Comments from their admin, "This is the most completely built platform I’ve seen yet. What I like about this is the responsive support, the in-depth know how and the completeness of the platform. Very well planned."
2. The Powerloan management have decided that all transaction fee collected this year in 2018, will be coin-burned on a monthly basis. This is to ensure that the circulation of Powerloan tokens remains healthy and the market will not face oversupply once mining and staking feature is open.
9th April 2018 We have received several tickets on deposit and it has all been resolved. For Deposit of BTC, please ensure that you transfer the exact amount keyed in. Do not close the deposit page popup until transaction ID has been generated. If you have an issue of your deposit not found in your transaction history, do not worry. Go to our Support Center and create a ticket with topic "Deposit" and provide the transaction ID of your bitcoin transfer. Our team will resolve the ticket within 24 hours or less. Do not miss out on first 300 deposit bonus of 300 POWL Token worth ($150 on Pre-ICO) with just a minimum deposit of 0.01 BTC.
11th April 20181. First of all, there has been several tickets on deposit, to avoid problem with deposit please ensure you deposit the exact amount of the invoice. Please take note of the fees involved so that the numbers tally so it does not cause any issue. For those with issue, do not panic. Your money is safe with us, please submit a ticket at our support center with topic "Deposit".
2. Secondly, a lot of people are asking if we allow withdrawal at this moment and the answer is no. PowerLoan is currently running a promotion for deposit where we award 300 POWL for the first 300 deposit, we need to avoid people depositing and withdrawing just for the bonus. Withdrawal will be opened on 5th June 2018 upon completion of ICO. We are not doing a whitelist, but we will give priority on Pre-ICO to those who deposit early. First 4 hour of Pre-ICO will only be open to those who have deposited early, every 15 minutes, purchase will be limited to 2000 POWL. After 15 minute, you can purchase the next 2000 token.
3. Here's a POWL loan calculator on interest. We have received several request on it, therefore we have listened. It can be downloaded at:
https://powerloan.io/document/POWL-Interest-Calculator.xlsx1. Issue on our referral program this morning have now been fixed. You should be able to view all your 5 tier of referrals.
2. Our deposit promotion for 300 Bonus POWL on first 300 deposit will be ending today, there are less than 50 spots left. Once 300 POWL Bonus promotion ends, the bonus for early deposit will be reduced to 200 POWL for the next 300 deposit.
13th April 20181. New referral links on referral dashboard will now link to main website and work throughout the entire site. This will allow higher conversion rate compare to the registration page as users can take their time to understand PowerLoan before they register. Previously it leads to the registration page first and need to navigate out before going back to register. A lot of user closes the window before they understand our program. Don't worry about the old referral links, they were working and is still working fine.
2. Our deposit page have been updated to be more intuitive. It will be less prone to mistakes. But take note, when you deposit, please put the exact amount not including fee. Now it looks much better too!
16th April 20181. Pre-ICO Bonus has been determined to be at 30%. All purchases during Pre-ICO will received an airdrop of 30% additional POWL token on 12th May 2018. Pre-ICO will run maximum for 7 days starting from 5.5.2018. Register yourself and deposit to get priority spots on Pre-ICO whitelist.
2. Bonus 200 POWL is still on-going for current deposit and will be reduced to 100 POWL once the spots are taken. We will be announcing the change. Upon deposit, our dev will verify allocate the POWL tokens within 8 hours.
18th April 20181. We have taken you feedback and deployed a new website. The content is less Text-Heavy, more visual and organized now. In the coming days, more updates will be made especially on how to use PowerLoan tokens, FAQs and more about PowerLoan and the team.
2. Deposit bonus is now revised to 100 POWL token. This will be the final league of our deposit bonus before Pre-ICO. Join in and deposit to be whitelisted in our Pre-ICO at $0.50 and 30% bonus token. Early depositors will have priority on the first 2 hour of Pre-ICO.
19th April 20181. Powerloan have rectified all issue with deposit. Deposit should now be smooth if you key in the right amount not including transaction fee. We have identified the root cause of the earlier issue down to the deposit address and our team have completed the fix.
2. We will stop responding to message actively on ANN and will continue to use it for our announcement on the main post due to overwhelming amount of messages. If you would like to get news or talk about Powerloan, join our telegram:
https://t.me/powerloanhttps://t.me/powerloanchatPowerloan is one of the most complete lending program ever, with all features completed before ICO. This will be one of the most exciting lending projects of 2018.
1. We are currently working with 2 external exchange on our listing. At least 1 will be completed and to be opened for trade by 16th June 2018, upon the completion of our open beta test with users for internal exchange, lending and conversion of interest.
2. 2 weeks away from ICO, we have completed the upgrade of our server to cater for load during peak. We are sure our infrastructure is able to cater to the user's demand.
3. Our deposit bonus will end by 28th April 2018. There will be no more deposit bonus after that.
4. Internal testing for interest conversion to POWL or BTC have been completed. Open beta test will start 6th June 2018 to 15th June 2018.
5. Please remember to deposit the amount key-ed in excluding the fee. If the amount does not tally with the entered amount, your transaction will be not picked up automatically. If that happens, do not worry. Your money is safe. Just submit a support center ticket with topic "deposit" and provide your transaction ID. It will be verified and resolved by the Powerloan team within a few hours.
24th April 20181. Last 5 days for deposit bonus of 100 POWL token for early depositors. Buy POWL tokens on 5.5.2018 Pre-ICO sale at $0.50 with 30% Airdrop bonus. Don't miss out our Pre-ICO sale and register now.
2. PTIPA Award is now live. Support our program and be in the running for PTIPA award by growing your referrals.Check our bounty for award detail:
https://bitcointalk.org/index.php?topic=3241140 3. Powerloan have achieved a new milestone of 8000 registered users. Thank you for all of your support.
4. Join our official telegram chat and actively support our project. Download our stickers!
https://t.me/powerloanchat5. For additional security, please enable your 2FA in our dashboard.
Dear Powerloan Community,
I would like to personally thank everyone for their support in our Powerloan project. With your support, Powerloan will be a success. We are currently one of the most exciting lending program in 2018 due to it's strategy and here are the reasons why Powerloan will work:
1. We are ready to go with all functions completed
We have invested in a full working system before development of website. The blockchain and all features are fully functional even before the ICO. All features will be launched after 10 days of open beta testing with our 500 volunteer users on 6th June 2018 to ensure negative and positive test cases are without bugs upon official opening of Lending, Internal Exchange and other features. Our team have done initial testing, but with 500 people testing, we trust our system is of quality.
There's no reason for Powerloan not to launch on 16th June 2018 as our system is ready. We will launch features regardless of ICO result, we believe in future growth of Powerloan after ICO.
2. Control on circulation through buy back and burning
Powerloan's long term objective and priority is token price. We only sell 6 million tokens on ICO which is small as we plan for future growth and keep Powerloan as a premium. If ICO is too big, it will hit a stumbling block due to unsustainable growth. Powerloan's objective is to reduce token circulation through buy back with the target of 1 million token per year. That way the price will be higher, and Powerloan will own more of it. Coin burn will ensure we are align with this objective. All transaction fee received and unsold tokens will be burned. Powerloan will not be dumped as BTC conversion of interest is enabled on day 1.
3. Best Referral Program and Promoter Award
Powerloan offer one of the best referral program and our PTIPA Reward for top promoters is attractive. Lending will not work if growth stops. We are geared towards building the platform even after ICO. Our on-ground team is doing a great job.
4. Pre-ICO and ICO
4. Attractive 30% bonus token offered for all Pre-ICO partcipants, and we expect all level of ICO to sell out before 5th June 2018. At 30% Bonus, our price per token will be at $0.35 each. There are also bonus at other ICO level but the quantum is far less. Powerloan is one of the best token to hold for long term as we have planned rewards that will bump it's price up quarterly. Our first announcement on external airdrop will happen soon.
5. No Manipulation
Powerloan will not manipulate token price for lending. Our internal exchange will launch on 16th June 2018. Lending will be based on internal exchange rate. Our initial list price will be $5.00 on internal exchange, and we will allow it to float based on demand. Lending value will be based on internal exchange.
6. External Exchange
Our application to external exchange have been approved and we are working on integration with external exchange. Integration will complete earlier but it will be open for trade on 16th June 2018. We will announce the 2 exchange upon completion of wallet integration.
Thank you and we hope for your continuous support and promotion to your contacts. #ToTheMoon
Let's grow Powerloan together as a strong community. We will be hitting 10,000 registered users within the next 24 hour. Congratulations and thank you for all of your hardwork.
Johan.
Here's an example of calculation for our daily interest.
If you own 500 POWL and price of POWL in internal exchange is at $2.50
You can loan the 500 token for $1250.00.
The package you choose is 60 days from Package A.
Duration: 60 days
Principle Interest: Up to 1.5% (daily)
Base Interest: 0.25% (daily)
The multiplier you receive will be based on Boss Level.
Amount: $1000.01 to $5000.00
Package Multiplier: 1.20
Day 1 - Principle interest announced is 0.5%
Calculation will be based on:
1250 * [(0.5+0.25) * 1.20]
Day 1 Interest = 1250 * 0.9% = $11.25 + Referral Daily Interest
Your Day 1 income would also be added with referral's lending from the table below.
Daily Referral Interest
Tier 1 - 0.25%, Tier 2 - 0.20%, Tier 3 - 0.15%, Tier 4 - 0.05%, Tier 5 - 0.05%
Day 2 - Principle interest announced is 0.8%
1250 * [0.8+0.25] * 1.2]
Day 2 Interest = 1250 * 1.26% = $15.75 + Referral Daily Interest
If on average you're receiving $12.00 of interest, at the end of 60 day lending period, you will receive back 500 POWL token with $720 of interest (57.6%).
Why is it good to join during PreICO and ICO?
Because you get the token at the lowest price as token prices rise through each phase of ICO.
At end of ICO, token will be listed in both internal and external exchange with lending open.
Token price will gradually increase due to principle lending amount is based on token pricing.
There will also be controlled supply of token due to burning of tokens from transaction fee and buy-back every 2 month.
YouTube LinkReview by Crypto Universe:
https://youtu.be/uzXZrGMb8IEFirst Interview with Johan, The CEO of Powerloan:
https://youtu.be/MUdvOJ4hrDYTranslated Article:Vietnamese Article: https://steemit.com/ico/@cryptoairdrop/powerloan-chuong-trinh-cho-vay-cryptoVietnamese ANN: https://bitcoingarden.org/forum/index.php?topic=33835.msg264760#msg264760Vietnamese Bounty: https://bitcoingarden.org/forum/index.php?topic=33839.msg264768#msg264768Filipino ANN: https://bitcointalk.org/index.php?topic=3294145.msg34376049#msg34376049Arabic ANN: https://bitcointalk.org/index.php?topic=3294223Indonesian ANN: https://bitcointalk.org/index.php?topic=3294245.0Ratings:ICOReview.site - 85 out of 100 - "One of the most complete platform we have ever seen." in ICOReview Forum.
ICO-Lending.com - 8.5 out of 10
CryptoLending.Review - 8.0 out of 10
CryptoLendingPrograms.com - 5.0 out of 5
TrackICO.io - 4.1 out of 5
ICOlink.com/ico-powerloan.html - 4.0 out of 5
Join our community chat: https://t.me/powerloanchat
Join Our Official Telegram Channel: https://t.me/powerloanThis is how Powerloan Pre-ICO/ICO stages works.1.
Early depositor with BTC balance will get priority to purchase on the first 2 hour. You can deposit during the first 2 hour, but BTC confirmation will only be processed at 12:00PM UTC.
2.
For all Pre-ICO/ICO stages purchase is limited to 0.25 BTC every 15 minutes. You can buy 0.25 BTC worth of POWL token and you can do it again after 15 minutes.
3.
Pre-ICO will run for a maximum of 7 days. It will end on 12th May 2018 10:00AM UTC even if it does not sell out. ICO Stage 1 will start 3 days later after Pre-ICO stops.
4. ICO Stage 1 to Stage 3 will runs continuously.
Once each stage completes, the next stage starts on next day at 00:00:00 hours. 5. ICO Stage 1 to Stage 3 will run until token is sold out or until it reaches an
ICO hard-stop on 5th June 2018 at 11:59:59PM.6. We will
begin phase 2 of our Powerloan program immediately on the 6th of June 2018 towards our goal of releasing all functions on the 16th June 2018.
If you face any issue on deposit or ICO, please send us a ticket in the Dashboard's Support Center.
We will be committed resolve it within 24 hours, but we advice you to
avoid last minute deposits.
