The Populous online platform was founded in 2017. It is intended to enable P2P payment of invoices. Populous is the first and only ethereum based platform specifically designed to cater to invoice and trade finance.
Populous is an invoice and trade platform with a profit sharing token that introduces a trading environment for investors and invoice sellers, from all over the world.
Populous uses iXBRL, Smart Contracts, Stablecoins and more to create a unique trading environment for investors, lenders and SMEs.
Stephen Williams, a commercial data expert, decided to launch a pre-ICO for Populous to develop the platform.
With the support of the community, the Pre-ICO was completed in just over a week.
Now equipped with a team of experienced experts and a supportive community, Populous is ready to grow.
Populous Coin – The Cryptocurrency
There are two types of digital currencies on the Populous platform – Populous Platform Coins (PPT) and Pokens.
Both digital currencies play a different role and have various mechanisms.
PPT was the coin issued during the pre-ICO period to raise funds. Of the coins issued in the Pre-ICO, there are currently 41 million PPTs in circulation with a limited supply of 53 million.
Populous Coin, PPT, also provides access to the Populous platform, which serves as an avenue for exchanging pokens and paying invoices.
The exact value to be released by PPT will be announced in a future announcement.
The buy-back mechanism serves several purposes.
First, the buyback mechanism serves as an indicator that the platform has produced sufficient working capital to redeem the coins and to use part of the cash and cash settlement.
There are fewer coins available in circulation for the buyback, which makes it easier to make transactions with the PPTs in the platform, as there is less jam on the network.
Poken is a coin linked to the Fiat currency. Populous starts with the GBP in the initial phase and the value of a poken always corresponds to one GBP.
Poken is the in-platform currency and is the only currency that can be used to pay bills.
Pokens can be exchanged with Fiat currencies, depending on the exchange rate, or well-established cryptocurrencies such as bitcoin or ethereum.
It is planned to integrate other currency-driven pokens as part of Populous’s expansion plan.
Populous Coin – The Company
The company’s vision is to become a leading global accounting finance company based on the blockchain.
Populous wants to achieve this by providing a platform for investors.
You want to be able to invest in investor invoices through matchmaking, which is made possible by the Populous Coin cryptocurrency.
Check out our guide on the next big cryptocurrency.
The company also wants to offer customers added value by providing cash flows. By using blockchain technology, Populous offers a secure, fast and efficient financing option.
Cash flows are provided to companies at the best interest rates.
The Populous platform is built into a targeted client acquisition system that includes scanning the XBRL database for potential clients who need short-term liquidity.
Because the XBRL database is updated in real time with financial data, Populous’s potential invoice vendors database is always up to date.
Populous is trying to compete in the accounting finance industry where there will be two primary drivers of growth: targeted acquisition through XBRL and organic growth.
There are currently 3 million companies on the Populous XBRL database.
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They are building a platform in which companies can list their invoices and investors can fill them with their tokens and earn interest on the invoices. When the invoices are filled, the PPT tokens are returned to the investor in addition to the interest earned. So essentially your money invested into the tokens will not only appreciate in value, but they’ll also help earn you money while they’re sitting around in your portfolio.
You can’t buy it directly for fiat on any exchange. You can choose the best exchange buy bitcoins for your region and buy BTC there, then trade it for PPT on exchanges. Learn here how you can instantly convert altcoins to bitcoin and vice versa.
Our recommendation is always check if Coinbase is available for your country and buy there – as it is by far the safest and best regulated bitcoin exchange. Coinbase is legit and secure place to buy BTC.
If your country is not available on Coinbase – check for exchanges that are good Coinbase alternatives (such as Cexio and Indacoin – see here Indacoin review) and buy BTC on one of those exchanges. You can always exchange your coins on Changelly (see if Changelly is safe and legit), instantly and directly to BTC.
CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com