Status: Closed — this petition is no longer accepting signatures.
Final supporters
Power Ledger early investors are getting the short straw.
Power Ledger had a wildly successful Presale event for their ICO.
The price for the tokens at presale was $0.088 with a 5% token bonus
Unfortunately the same can't be said about the main sale. It has not had the same traction and as a result the main sale is currently priced at $0.0357/token
(5m USD Raised so far / 140,000,000 tokens)
Using the $0.0357 as an estimate base price (Updated Monday 25th Sept @ 20:00 AEST) we can see the price per week at the current rate
Presale: $0.088 + 5% = ~$0.0836/token
Week 1: $0.0357 + 25% = ~$0.0267/token
Week 2: $0.0357 + 15% = ~$0.0303/token
Week 3: $0.0357 + 5% = ~$0.0339/token
Please also note that Power Ledger is past the halfway mark of their ICO and if they were to double their current Main Sale investments (rounding up to the nearest million) they would have 10m. This leave the base Main Sale price @ $0.0714/token. Still ahead of the presale investor at the base rate.
As you can see, from the current rates the presale investors are getting the raw end of the deal.
Power Ledger should be rewarding the early investors and not gauging them. Sure it's an unfortunate circumstance that they didn't foresee but it needs to be addressed regardless.
When we try to raise our concerns we are shut down by the mods of Telegram/Slack/ Facebook. We need our concerns formally addressed by the appropriate person.
I lost a lot of faith for Power Ledger with the way the presale has been handled.
There needs to be a restructuring or redistribution to reward the early investors as currently the early investors are paying much more per token which is absurd.
Please sign the petition so we can get the attention of the appropriate person within Power Ledger.
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Updates
September 24, 2017
The price discrepancy remains ignored by the team. I am compiling all your feedback to send directly to their leadership.
September 24, 2017
The momentum is clear and the concerns are growing. Investors will not be ignored this time.
32 Comments
If nothing is done we can take them to court and get a stay. Last thing we want is Main sale investors getting it at 3x cheaper price and flipping on us for 7-8 months....
They have to do something to ensure fairness for pre-sale investors. Redistribute the tokens at the end of the main sale with a greater bonus for those who invested in the pre-sale.
The whole process is so unfair for early supporters. And it will be the 1st ICO where early adopters paid 3x the token price!
Power Ledger changed the ICO without letting the pre sale investors know or given the option to sell back their tokens. Many FB groups and Telegram groups are pissed at how unprofessional Power Ledge is.
Powerledger needs to compensate the presale investors with more tokens to make it right. Or at least offer a refund. Without willing to take a risk, they would have nothing.
It's very dissapinting
Early investors should get their money(ETH) back or get more tokens!
Share this petition
Share this petition to help it reach more people.
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Status: Closed — this petition is no longer accepting signatures.
Final supporters
Power Ledger early investors are getting the short straw.
Power Ledger had a wildly successful Presale event for their ICO.
The price for the tokens at presale was $0.088 with a 5% token bonus
Unfortunately the same can't be said about the main sale. It has not had the same traction and as a result the main sale is currently priced at $0.0357/token
(5m USD Raised so far / 140,000,000 tokens)
Using the $0.0357 as an estimate base price (Updated Monday 25th Sept @ 20:00 AEST) we can see the price per week at the current rate
Presale: $0.088 + 5% = ~$0.0836/token
Week 1: $0.0357 + 25% = ~$0.0267/token
Week 2: $0.0357 + 15% = ~$0.0303/token
Week 3: $0.0357 + 5% = ~$0.0339/token
Please also note that Power Ledger is past the halfway mark of their ICO and if they were to double their current Main Sale investments (rounding up to the nearest million) they would have 10m. This leave the base Main Sale price @ $0.0714/token. Still ahead of the presale investor at the base rate.
As you can see, from the current rates the presale investors are getting the raw end of the deal.
Power Ledger should be rewarding the early investors and not gauging them. Sure it's an unfortunate circumstance that they didn't foresee but it needs to be addressed regardless.
When we try to raise our concerns we are shut down by the mods of Telegram/Slack/ Facebook. We need our concerns formally addressed by the appropriate person.
I lost a lot of faith for Power Ledger with the way the presale has been handled.
There needs to be a restructuring or redistribution to reward the early investors as currently the early investors are paying much more per token which is absurd.
Please sign the petition so we can get the attention of the appropriate person within Power Ledger.
Updates
September 24, 2017
The price discrepancy remains ignored by the team. I am compiling all your feedback to send directly to their leadership.
September 24, 2017
The momentum is clear and the concerns are growing. Investors will not be ignored this time.
32 Comments
This is disappointing to say the least. Early investors who boosted confidence for the project should get a better rate no matter what.
If nothing is done we can take them to court and get a stay. Last thing we want is Main sale investors getting it at 3x cheaper price and flipping on us for 7-8 months....
They have to do something to ensure fairness for pre-sale investors. Redistribute the tokens at the end of the main sale with a greater bonus for those who invested in the pre-sale.
The whole process is so unfair for early supporters. And it will be the 1st ICO where early adopters paid 3x the token price!
Power Ledger changed the ICO without letting the pre sale investors know or given the option to sell back their tokens. Many FB groups and Telegram groups are pissed at how unprofessional Power Ledge is.
Powerledger needs to compensate the presale investors with more tokens to make it right. Or at least offer a refund. Without willing to take a risk, they would have nothing.
It's very dissapinting
Early investors should get their money(ETH) back or get more tokens!
Share this petition
Share this petition to help it reach more people.
Your share link
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This is disappointing to say the least. Early investors who boosted confidence for the project should get a better rate no matter what.