I can't understand why the lending rate is so low? Is it 1.5% daily or yearly?
Here's an example of calculation for our daily interest.If you own 500 POWL and price of POWL in
internal exchange is at $2.50You 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.