Populous Profile (PPT)
Project Safety Score
Thu, Mar 28, 2024 4:45 AM
| Market Cap | $2,600,424.65 | |
| Market Dominance | 0.0002 | |
| 24hr Volume | $227,287.46 | |
| Price | $0.0488 |
Populous
token
Ethereum
Populous is a peer-to-peer invoice platform founded in 2017 at a high point in the blockchain and cryptocurrency craze. It makes use of blockchain's distributed ledger technology to provide a global trading platform for invoice financing. According to the Populous website, "invoice finance is a form of funding that instantly unlocks the cash tied up in outstanding sales invoices. Business owners allow invoice buyers to buy invoices at a discounted rate in order to unlock their cash quicker. Once invoices are paid by the invoice debtor, the invoice buyer receives the amount previously agreed upon." In order to offer funds to invoice sellers, Populous maintains a Liquidity Pool. This is tied in with the Populous cryptocurrency (PPT). An investor securitizes PPT by making an initial purchase. PPT is then held in escrow as collateral throughout the process. Transactions between invoice buyers and sellers take place with Pokens, exchanged for PPT and used as the currency for buying and selling invoices, either drawing from or contributing to the Liquidity Pool in the process. As a result of this built-in liquidity component, Populous at this point requires no transaction fees. In fact, the only fees levied are those associated with late payments. Populous invoice transactions can cover a huge array of industries, including many which are not typically available to traditional financing companies. The PPT tokens not released during the ICO were retained by the founding and development team. PPT can either be held or used as collateral to invest in Populous invoices. In exchange for collateralizing, you’re given an amount of Pokens based on a percentage of market value. Currently it’s the lesser of 50%, or a 30 day market average. These are automatically used to purchase an invoice. If the invoice is repaid, you receive both your PPT investment and Pokens profit.
Read more in the whitepaper:- team not submitted
- Invoice
- Logistics
- Business Services
- Ethereum Ecosystem
- Ethereum
- Ethereum
- no features
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( review)Populous Reddit
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Populous News
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Sudden lockdown in Australias most populous state as Sydney outbreak widens
Mon, Aug 16, 2021 5:35 AMGovernments are continuing to insist that the population must learn to live with the deadly virus, w...
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New South Wales: Australia's most-populous state locked down due to Covid surge
Sat, Aug 14, 2021 11:34 AMAustralia's most populous state - New South Wales (NSW) - has entered a strict lockdown after seeing...
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Record daily infection toll reported in Australias most populous state
Sat, Aug 14, 2021 9:26 AMIncreased fines for breaches of rules are now in place....
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Charlotte grows quickly, but Wake Co. remains most populous
Fri, Aug 13, 2021 6:25 PMCharlotte is one of 14 U.S. cities that gained more than 100,000 residents from 2010 to 2020, but Wa...
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Census redistricting data shows growth in most populous areas, diverse populations; Meridian fastest-growing city in Idaho...
Fri, Aug 13, 2021 4:12 PMThe U.S. Census Bureau on Thursday released redistricting data from the 2020 Census, which showed po...
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Ikoshi 4 years ago