OFFICIAL ANNOUNCEMENT
Dear Valued Investor,
During our stage 1 ICO a lot of concerns have been raised.
This is to manage and align everyone's expectation on our plan and strategy.
ICO seems to be slow, what if we don't sell out?
Powerloan have never planned for ICO to sell out. We do not have any softcap. Powerloan is setup and entirely funded by me and my team. All capital and expenses up till ICO finishes, is from the core team. None of ICO collected monies will be used in ICO marketing or other ICO activity. All investor ICO funds, will not be utilized for ICO activity or push ICO to finish. Powerloan focus on post-ICO value creation with funds collected.
How do you prove you do not use our money?
If you do a lookup on all wallet addresses for deposit, no funds have been touched and will not be touched until ICO is over.
What will funds from ICO be used for?
1. Value creation projects
2. Initial buy-back
3. Post ICO Marketing.
If ICO don't sell out, doesn't it mean that our tokens are not valuable?
That is the wrong perception, a lot of other ICO uses ICO fund for development and marketing ICO before opening their platform. That is not right. Development and marketing of ICO is fully paid by Powerloan team and investor's money should come into play only after platform launches. That in a way translate to POWL token being more valuable than other ICO.
Other plans come into play for increase value for example:
1. Initial buy back on exchange opening.
2. Launching our first utility token and airdrop in August.
3. Private sale of utility token with ratio to amount of POWL tokens held.
4. Opening of powerloan token marketplace (rent and sell utility tokens).
5. Coinburns
ICO is a milestone we have to go through, but it should not be our critical success factor. ICO is merely a fundraising phase, and it does not make sense for us to utilize any of your investments just to raise more fund. We do not want to be in debt, even before the platform opens.
Here I would like to ask all of us to align our strategy and expectation to hold and build Powerloan after ICO. We will take it to the next level together. Our team have not only work hard on it, but we have invested into Powerloan along with everyone here. We are partners.
Yours faithfully,
Johan
Thanks for information. It is pleasant that you sponsor the project from the pocket. But I have understood that you need strong support from community, it is heavy to remove everything alone on the shoulders.Dear Valued Investor,
During our stage 1 ICO a lot of concerns have been raised.
This is to manage and align everyone's expectation on our plan and strategy.
ICO seems to be slow, what if we don't sell out?
Powerloan have never planned for ICO to sell out. We do not have any softcap. Powerloan is setup and entirely funded by me and my team. All capital and expenses up till ICO finishes, is from the core team. None of ICO collected monies will be used in ICO marketing or other ICO activity. All investor ICO funds, will not be utilized for ICO activity or push ICO to finish. Powerloan focus on post-ICO value creation with funds collected.
How do you prove you do not use our money?
If you do a lookup on all wallet addresses for deposit, no funds have been touched and will not be touched until ICO is over.
What will funds from ICO be used for?
1. Value creation projects
2. Initial buy-back
3. Post ICO Marketing.
If ICO don't sell out, doesn't it mean that our tokens are not valuable?
That is the wrong perception, a lot of other ICO uses ICO fund for development and marketing ICO before opening their platform. That is not right. Development and marketing of ICO is fully paid by Powerloan team and investor's money should come into play only after platform launches. That in a way translate to POWL token being more valuable than other ICO.
Other plans come into play for increase value for example:
1. Initial buy back on exchange opening.
2. Launching our first utility token and airdrop in August.
3. Private sale of utility token with ratio to amount of POWL tokens held.
4. Opening of powerloan token marketplace (rent and sell utility tokens).
5. Coinburns
ICO is a milestone we have to go through, but it should not be our critical success factor. ICO is merely a fundraising phase, and it does not make sense for us to utilize any of your investments just to raise more fund. We do not want to be in debt, even before the platform opens.
Here I would like to ask all of us to align our strategy and expectation to hold and build Powerloan after ICO. We will take it to the next level together. Our team have not only work hard on it, but we have invested into Powerloan along with everyone here. We are partners.
Yours faithfully,
Johan
