What are Pokens?
The flow of funds within the platform is realized by the usage of custom stable currency tokens (Pokens) pegged 1 to 1 with worldwide government’s currencies. Pokens are backed by the funds of investors who deposit funds on the platform to finance invoices.
Once invoices are financed by investors, pokens are sent to invoice sellers also known as the borrowers. Pokens can either be exchanged for fiat currency or transferred to an external Ethereum wallet.
Pokens inside the platform
The platform manages an internal ledger with the balances of each borrower’s and investor’s accounts for each currency.
Pokens outside the platform
Outside the platform we provide a publicly accessible smart contract for each token, implementing the Ethereum ERC 20 token standard (external token contract).
- Populous platform token represents a Proof of Asset of the Populous platform - Designed to reward token holders with a share of profit generated from the platform’s fees and services
Attention. There is a risk that unverified members are not actually members of the team
$20 342 332
Populous has a specific niche, but that niche is heavily competitive with both legacy and blockchain-based companies. It has a long way to go to prove its value, but it hopes to do so with several key pieces in place. Populous is a P2P invoice-financing marketplace that lets businesses crowdsource loans based on outstanding invoices. If the invoice is paid, the buyer makes a profit for fronting the money. Populous has three ERC-20 tokens – PPT (invoice-backed security), PXT (internal cryptocurrency), and Pokens (internal cryptocurrency). Each is used for a different purpose within the system. The Populous network is currently in beta and has no known partnerships to date. It thus far does not have any significant traction in the $3 trillion invoice financing industry. Populous gathers XBRL data and uses an Altman-Z score to determine credit ratings without using the major credit bureaus. If Populous gains several major partners, it can sustain for a long time. It’s competing for those partnerships with multi-billion-dollar companies like Amazon and PayPal, along with startups like Behalf and Fundbox. Even the startups have massive investments and are worth 10x more than was raised during the Populous ICO. This blockchain needs a massive hit to knock out these established giants.
This offer is based on information provided solely by the offeror and other publicly available information. The token sale or exchange event is entirely unrelated to ICOholder and ICOholder has no involvement in it (including any technical support or promotion). Token sales listed from persons that ICOholder has no relationship with are shown only to help customers keep track of the activity taking place within the overall token sector. This information is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice or carry out your own due diligence before taking, or refraining from, any action on the basis of the content on our site. Any terms and conditions entered into by contributors in respect of the acquisition of Tokens are between them and the issuer of the Token and ICOholder is not the seller of such Tokens. ICOholder has no legal responsibility for any representations made by third parties in respect of any Token sale and any claim for breach of contract must also be made directly against the Token issuing entity listed herein.
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