seems that lending platforms are not yet finished up until now. i don't know how many of them are launched this year. lost count already. but im wondering if there are really customers on this kind of service? i mean, common usually they just ended up in trading.
I am not sure now if lending is still a good features for a new project because there were already many of it now. I just hope dev will make this project different from the others.
Everyone wants to make their own version of a lending coin since like making a lending coin is popular thanks to bitconnect and davorcoin despite those being scams
It's not about making the coin, making any coin or token is easy. It's all about making the idea work. Our aim is to create a crypto token that can be used as long term savings by retaining value, then generating profits.
SO my question is "how can we be sure that our asset will be secured and also what will be our assurance if in case their is a big problem in the future"? The idea is good biut in terms of assurance then I think people will really need to know about it.
Good point. There must be a way to secure the assets and the team might have planned about insurance or something that safeguards the investors interest. These are just my assumptions but let's just wait for the admin to reply. Good thing he is active here.
Yes, that is the best thing we could do right now. Let us wait patiently for the admin's response to what will be the action they will do with this matter. Is is true that every there is way to secure the assets and the team can make something for this. I believe in the PowerLoan Lending potential that can satisfies our wants to a certain lending project.
It's a really good question and it is also something our management team considers seriously. Powerloan is a cryptocurrency investment, at the end of the day the token itself is utility to a loan. The loan will be used for expansion of Powerloan projects in consumer green energy and blockchain technology projects where it rewards the loaner in term of interest, bonuses and airdrop from new blockchains.
In term of securities, there's no 100% safe investments, Powerloan might reinvest and some might be very successful and others may not. But our priority is to ensure that the Powerloan token itself retains value as it is the principle amount the loaner have provided. Therefore there are a few items in our plan to cater to a more stable price for Powerloan token.
1. We need to ensure it gets into exchanges, so that owners can liquidate it at anytime. Our internal exchange will be launched after a open beta test with users after ICO. External exchange listing will happen as soon as pre-ICO completes.
2. We allow conversion of interest to BTC, to avoid cashing out on POWL tokens. POWL token should not be dumped. Interest may also be converted to more POWL to create new micro-loan stakes.
3. We are now in feasibility study to see if we are able to coin-burn tokens taken from transaction fee. This is to ensure supply is always limited and demand always goes up. Transaction fee is not what we aim to earn, we want loans and our token prices to be high.
Above are some of the items we are working towards. Hopefully investors will give us a chance.
