Populous
Populous is a peer-to-peer invoice platform, founded in 2017, at the height of the blockchain and cryptocurrency boom. It uses blockchain distributed ledger technology to provide a global trading platform for invoice financing. According to Populous website, “Invoice financing is a form of fundraising that can instantly release the cash tied up in outstanding sales invoices. Business owners allow invoice buyers to purchase invoices at a discounted price, thereby obtaining cash more quickly. Once the invoice debtor pays the invoice amount, the invoice buyer receives the previously agreed amount.” To provide funding to invoice sellers,Populous has a liquidity pool. This liquidity pool is associated with Populous cryptocurrency (PPT)。Investors securitize PPT through an initial purchase. Subsequently,PPT is held as collateral in a custodial account throughout the process. Transactions between invoice buyers and sellers are conducted using Pokens, which can be exchanged for PPT and serve as the currency for buying and selling invoices; during the transaction, funds are withdrawn from or injected into the liquidity pool. Because this liquidity component is built in,Populous currently charges no transaction fees. In fact, the only fees imposed are related to late payments.Populous’s invoice trading can cover a very broad range of industries, including many industries that traditional financing companies are often unable to serve.PPT The portion of tokens not issued during ICO is retained by the founding and development teams.PPT can be held or used as collateral to invest in Populous invoices. In exchange for providing collateral, you receive a corresponding number of Pokens based on a certain percentage of the market value. Currently, this number is the lower of the 50% or 30 daily market average. These Pokens are automatically used to purchase invoices. If the invoice is repaid, you will recover both your PPT investment and Poken returns.
Overview
Populous is a peer-to-peer invoice platform, founded in 2017, at the height of the blockchain and cryptocurrency boom. It uses blockchain distributed ledger technology to provide a global trading platform for invoice financing. According to Populous website, “Invoice financing is a form of fundraising that can instantly release the cash tied up in outstanding sales invoices. Business owners allow invoice buyers to purchase invoices at a discounted price, thereby obtaining cash more quickly. Once the invoice debtor pays the invoice amount, the invoice buyer receives the previously agreed amount.” To provide funding to invoice sellers,Populous has a liquidity pool. This liquidity pool is associated with Populous cryptocurrency (PPT)。Investors securitize PPT through an initial purchase. Subsequently,PPT is held as collateral in a custodial account throughout the process. Transactions between invoice buyers and sellers are conducted using Pokens, which can be exchanged for PPT and serve as the currency for buying and selling invoices; during the transaction, funds are withdrawn from or injected into the liquidity pool. Because this liquidity component is built in,Populous currently charges no transaction fees. In fact, the only fees imposed are related to late payments.Populous’s invoice trading can cover a very broad range of industries, including many industries that traditional financing companies are often unable to serve.PPT The portion of tokens not issued during ICO is retained by the founding and development teams.PPT can be held or used as collateral to invest in Populous invoices. In exchange for providing collateral, you receive a corresponding number of Pokens based on a certain percentage of the market value. Currently, this number is the lower of the 50% or 30 daily market average. These Pokens are automatically used to purchase invoices. If the invoice is repaid, you will recover both your PPT investment and Poken returns.