JohanStark (OP)
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April 12, 2018, 03:42:03 AM |
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How much is the minimal Principle Interest?
There's no minimal but on average it will be 0.4 to 0.7. It will be adjusted based on loans we received to prevent over supply or under supply. |
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Remember that Bitcoin is still beta software. Don't put all of your money into BTC!
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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JohanStark (OP)
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April 12, 2018, 03:45:15 AM |
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37 spots left for 300 POWL Bonus on early deposit.
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sjyi
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Merit: 1
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April 12, 2018, 03:46:10 AM |
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it looks like POWERLOAN LENDIN wants to create a platform to create an independent funding system that allows owners to participate in providing micro-loans and earn more coins
I didn't see any mentions of micro loans from the white paper. Is it true that they want to address micro-loans? If so, I have some questions. Why is it micro loans anyway? 60 days and more isn't the micro.
Because you can lend a few dollar. Duration doesn't determine if the loan is macro. I understand the concept of microloans. The successful implementation of microloans was based on villages where they can cover KYC quite well because they're from the same village and they know each other. In the world of cryptos, how will this work? Will someone really go extensive manners to ensure a few dollars? |
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JohanStark (OP)
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April 12, 2018, 03:47:09 AM |
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it looks like POWERLOAN LENDIN wants to create a platform to create an independent funding system that allows owners to participate in providing micro-loans and earn more coins
I didn't see any mentions of micro loans from the white paper. Is it true that they want to address micro-loans? If so, I have some questions. Why is it micro loans anyway? 60 days and more isn't the micro.
Because you can lend a few dollar. Duration doesn't determine if the loan is macro. I understand the concept of microloans. The successful implementation of microloans was based on villages where they can cover KYC quite well because they're from the same village and they know each other. In the world of cryptos, how will this work? Will someone really go extensive manners to ensure a few dollars? No, we are not offering micro loans to external people. We are making a platform where users can provide us micro loan for our green projects. |
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Serg.point
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April 12, 2018, 04:13:04 AM |
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Hm.. According to given rates, it can be up to several hundred % annually, not bad!
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JohanStark (OP)
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April 12, 2018, 04:14:03 AM |
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Hm.. According to given rates, it can be up to several hundred % annually, not bad!
Yes that's right. |
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woodywoodf
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April 12, 2018, 04:28:37 AM |
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A certain amount of risk is unevitable, guys.
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iputnikov
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April 12, 2018, 04:35:00 AM |
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Yes, the project is good, but how will the issues concerning the legal aspects of the issue be implemented in different countries? The team needs to keep a large number of lawyers
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https://tge.biplatform.io | easy smart contracts
████ TOKEN SALE > June 1st - 30th < ████ |
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RUslan.U
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April 12, 2018, 04:37:08 AM |
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Good to know you do your best fo security!
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JohanStark (OP)
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April 12, 2018, 04:40:59 AM |
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Good to know you do your best fo security!
Yes, we have worked on many public sector projects where security of information is upmost important. Therefore we are familiar with security measures needed to keep information of our customer as well as our system safe. |
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IpPrograff
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April 12, 2018, 04:46:46 AM |
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Yes, the project is good, but how will the issues concerning the legal aspects of the issue be implemented in different countries? The team needs to keep a large number of lawyers
It is not necessary to have a large number of lawyers. It is enough to have a qualified lawyer who will be aware of legal issues in different countries |
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Vladimir.eth
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April 12, 2018, 04:47:31 AM |
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Don't quite get the referral reward interest calculation. It works only if I loan too and my refery Is used by other people too?
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JohanStark (OP)
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April 12, 2018, 04:51:57 AM |
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Don't quite get the referral reward interest calculation. It works only if I loan too and my refery Is used by other people too?
If you refer someone and they loan, you get a small part of the interest. And the people they refer too. Down to 5 level on a daily basis. When you loan, the guy who refer you will get some too. |
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woodywoodf
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April 12, 2018, 04:54:32 AM |
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All those interest adding&multiplying are so tricky
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JohanStark (OP)
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April 12, 2018, 04:55:42 AM |
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All those interest adding&multiplying are so tricky
It is. But it's automated once it's up. |
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Oleg.Cheburek
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April 12, 2018, 05:02:45 AM |
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For a startup, you are extremly well doing! I mean, look at your website, your roadmap and so on!
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JohanStark (OP)
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April 12, 2018, 05:04:17 AM |
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For a startup, you are extremly well doing! I mean, look at your website, your roadmap and so on!
Due diligence is a must! If we were to ask for investment,we need to first prove ourselves |
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Miiike
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Merit: 1059
Wait... What?
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April 12, 2018, 05:07:24 AM |
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This might sound harsh, but during this "dark age" of cryptos where a lot of ICO turned scam, it'll be quite unfortunate if your interesting concept ends up being accused as a scam merely by your lack info.
I've read your WP and checked your site to see if you have a better information out there (which didn't), I would say that your WP is extremely minimum, you don't have an intro, no description or explanation of the project you're going to do, no detailed roadmap and milestones, almost nothing, or does it a simplified one? Even if it's a simplified one should carry the essential points instead of just... (I can't help but thinking) a paper which is written by a high schoolers, for his high school project
Your team horrifyingly consists of Johan the IT manager who had many successful IT project overseas, Paul the actuarial manager, or Karen the successful financial consultant of big organizations. No surname or a link to their bio or media (a widely approved media like linkedin or even instagram, yes, we accept instagram) that can prove that these people really existed with their records being true.
For all I know, I can built a project with a team of
"Mii"
a wealthy conglomerate who act as the funding officer, has 1/3 of the world assets and has an income of roughly 10 trillion USD
"Ike"
The bright genius super sharp extremely diligent extraterrestrial entity with an ability to see into future that'll act as an operating officer due to her uncanny ability. Oh, she has a Midas Touch too.
And it won't be really different from your project team description.
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rey6te
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April 12, 2018, 05:10:08 AM |
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Are you sure that smart home technology is a high profit investment option? Can you send any links with forecast articles on that matter?
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JohanStark (OP)
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April 12, 2018, 05:15:06 AM |
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Are you sure that smart home technology is a high profit investment option? Can you send any links with forecast articles on that matter?
I'll gather some info to share it |
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