Quote from: Prk_7 on May 16, 2018, 08:47:37 PM

Quote from: Assab101 on May 13, 2018, 07:18:39 PM

Quote from: JohanStark on May 13, 2018, 02:18:15 PM

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

Thank you for this information and I am sure this would be a big help to the incoming investors for them to understand what they are participating. Powerloan seems to be gaining more supporters and definitely there will be more who will participate in the ICO.

I agree with you, the team has been gaining followers for the project and it is evident with such a good team they will be gaining more and more investors going forward.

The only reason would be the potential it posses along with the team hard work and active support in terms of communication which made every participants trust the platform.