⦁ Populous is an invoice marketplace built using the latest in blockchain technology. Populous uses iXBRL, Smart Contracts, Stablecoins and more to create a unique trading environment for investors, lenders and SMEs.
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 is to be announced.
The buy-back mechanism serves several purposes. First, it is 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.
The company’s vision is to become a leading global accounting finance company based on the blockchain. Users will be able to invest in investor invoices through matchmaking, which is made possible by the Populous Coin cryptocurrency. The company also wants to offer customers added value by providing cash flows 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.
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2018 - present