Official Announcement25th April 2018Dear 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 completedWe 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 burningPowerloan'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 AwardPowerloan 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 ICO4. 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 ManipulationPowerloan 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 ExchangeOur 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.
https://powerloan.io
