What is POPULOUS?
Populous is an invoice and trade finance platform built using the latest in blockchain technology. Populous uses XBRL, Smart Contracts, Stable tokens and more to create a unique trading environment for investors and invoice sellers from all around the world. Populous have a plan to make a new and next generation financial marketplace. Populous is a first and only invoice & trade finance platform on the Ethereum blockchain and work for buying and selling invocices globally.
Populous works by distributing a 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 works on two fronts, “Pokens inside the platform and Pokens outside the platform”. Poken 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, Populous provide a publicly accessible smart contract for each token, implementing the Ethereum ERC 20 token standard (external token contract).
Populous ICO will be starting at 16th 2017 – August 16th 2017, populous will be distributing 53,252,246 tokens with price: UK£0.16. Populous will systematically buy back PPT’s from exchanges. This means that investors who contributed their assets to the ICO will actually be returned their contribution at the current market value of the PPT. The total PPT’s will decrease over time. Are you interested in populous programs? Immediately join the ICO to begin.