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
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Verified 33%
Attention. There is a risk that unverified members are not actually members of the team
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Attention. There is a risk that unverified members are not actually members of the team
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 solely on information provided by the offeror and other publicly available sources.
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