What is PowerLoan?
PowerLoan uses the SHA-256 Algorithm to create a self-regulated funding system that allows it’s owners to create micro-loans and earn more POWL Coins thru the PowerLoan referral program, mining and trading.
Specs on Coin:
Token Name: PowerLoan
Token Ticker: POWL
Algorithm: SHA-256
Max Supply: 21,000,000
Premine Amount: 13,000,000
Send/Receive Confirmations: 3 Confirmations
PowerLoan’s unique business practices:
Coin Burn- Coins that are NOT sold at the end of ICO round 3 will be burned. Also, transaction fees collected from the internal exchange will be burned.
60 Day Buy-Back- PowerLoan will initiate a buy-back program with a portion of earned funds, completed once a month.
Instant Conversion- Instantly convert USD earnings into BTC or POWL.
Bonus Airdrop- PowerLoan will launch new coins and owners will be rewarded with them. New wallets will be added to the owners’ accounts as well.
Staking- Owners can stake PowerLoan Coins in a desktop PoS wallet to earn variable rewards between 3%–15% annually.
Support SLA- Support tickets answered within 24 hours, via Service-Level Agreement.
PowerLoan’s Registration and Deposit is now open. The Pre-ICO is scheduled for 05/05/2018, 10AM UTC. 30% bonus coins for all Pre-ICO purchases.
Token Allocation:
ICO Grand Total: 6,000,000 Coins
Pre-ICO- 1,500,000 Coins, $.50/coin, limit 2k coins/15 minutes. Bonus Airdrop of 30% at the end of the Pre-ICO
ICO- Stage 1: $.75/coin, 1,500,000, Airdrop to be announced. Stage 2: $.90/coin, 1,500,000, Airdrop to be announced. Stage 3: $1.10/coin, 1,500,000, No Airdrop
House Coin- 1,400,000
Referral Program- 600,000
Marketing Rewards- 500,000
Lending Reserve- 4,000,000
Airdrop- 400,000
Management of Funds from ICO:
35%- Investment in businesses targeting consumer grade renewable energy technology and smart home technology in tropical countries where solar is optimum throughout the year. Creating OEM products that are affordable to end consumers.
35%- Creation of tokenized green energy and blockchain technology, where tokens can be utilized to procure services from green datacenters and e-services. 30% of new tokens will be airdropped to PowerLoan owners.
20%- Post-ICO marketing. To ensure demand in PowerLoan token continues to increase after the ICO. This will ensure stability in token price and long term rewards.
10%- Running the operation and keeping the lights on.
Lending Rewards (Staking):
Loan Package A- Principle Interest- up to 1.5% daily, Base Interest- .25% daily, Duration- 60 days, Early Withdrawal Penalty, 5%
Loan Package B- Principle Interest- up to 1.5% daily, Base Interest- .35% daily, Duration- 90 days, Early Withdrawal Penalty, 6%
Loan Package C- Principle Interest- up to 1.5% daily, Base Interest- .50% daily, Duration- 180 days, Early Withdrawal Penalty, 7%
Multipliers:
Standard Loan Level- Amount, $.01 to $1000, Package Multiplier- 1.10
Boss Loan Level- Amount, $1000.01-$5000, Package Multiplier- 1.20
VIP Loan Level- Amount, $5001.01 and above, Package Multiplier- 1.35
Daily Interest Formula:
Daily Interest = [ [ Principle Interest + ( Base Interest * Multiplier) ] + Daily Referral Interest ] * Loan Amount
Referral Rewards:
Tier 1- Crowdsale Bonus 8%, Daily Referral Loan Bonus .25%
Tier 2- Crowdsale Bonus 4%, Daily Referral Loan Bonus .20%
Tier 3- Crowdsale Bonus 2%, Daily Referral Loan Bonus .15%
Tier 4- Crowdsale Bonus 1%, Daily Referral Loan Bonus .05%
Tier 5- Crowdsale Bonus 1%, Daily Referral Loan Bonus .05%
Roadmap Details:
November 2017- The PowerLoan team forming, storming and conforming. Mutually agreeing on the roadmap and objective and vision for PowerLoan. Conduct PowerLoan Workshop with certified professional actuaries. Finalize business and system requirement documents.
December 2017- Start development of blockchain, wallet and block explorer. Finalize design concept and themes for www.powerloan.io website and dashboard. Start development of website. Internal Testing for Blockchain, Wallet and Block Explorer.
January 2018- Development of marketing strategy. Finalize whitepaper and distribute to developers as final requirement. Acceptance Test of PowerLoan Website.
June 2018- Listing on External Exchange. Launch Lending Program. Opening PowerLoan Exchange. Coin Burn for unsold coins during ICO. Enable download for PowerLoan Staking Wallet.
July 2018- Change PowerLoan lending value from fixed value to PowerLoan Exchange Value. Execute Buy-Back. Airdrop new coin from the PowerLoan team.
August 2018- Announcement of dividend payout. Listing on new exchange (not on current list). Execute lessons learned and gather feedback from owners. Announce plan for Q3 and Q4 2018.
For more information on this unique Crypto opportunity, please visit the main webpage at: https://www.powerloan.io/. Read the White Paper: https://www.powerloan.io/document/powerloan-whitepaper.pdf. You can also visit their official Twitter Page:https://twitter.com/PowerLoanIO?lang=en and their official Telegram channel: https://t.me/powerloan and their Telegram discussions channel: https://t.me/powerloanchat.
If you are interested in purchasing in the ICO and becoming a member of PowerLoan, please use my referral link here, https://powerloan.io/?referral=S71P6H, and sign up today. Thank you.
Disclaimer: I am NOT a financial advisor or a Broker, I am simply spreading the word of this unique Crypto business offer. I have been given permission to use artwork, logos and verbiage from PowerLoan’s offical webpage and white paper.
