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#Populous coin full#

These makes it fully compliant to standard business practices and a very safe option.

XBRL & Z Score: Populous utilizes the globally accepted XBRL and Z Score formula to calculate financing methods.

Superfast Processing: Compared to a bank loan or a traditional invoice financing company that can take 1-2 months to process an invoice, potentially badly crippling the cash-flow of a company in the process, Populous users can almost instantly receive funding from all over the world.

No other platform in existence offers a peer to peer invoice financing option.

First of Its kind: Populous’ main appeal is its concept, which is a unique idea.

Populous is a unique concept and comes with several advantages. Populous also provides a publicly accessible Smart Contract for every Poken. Populous also offers external token contracts by implementing the Ethereum ERC20 token standard. For each borrower/invoice and for every investor/lender, the network maintains a publicly verified ledger of balance. These Pokens can be transferred to an external Ethereum wallet or can be ‘encashed’ for fiat currencies.

#Populous coin full#

Once an invoice is financed, in full or in parts, by the financiers/ investors, they receive Pokens, equal to their investment. Populous incorporates multiple global standards into the development of its platform, including Z Score formula, Smart Contracts, XBRL data, stable pegged tokens and others to create a global trading system for investors and lenders. Stephen Williams, Zvezdomir Zlatinov, and Jonathan Millar are some of the names behind the company and concept. The public Beta release of Populous was in November 2017. A major feature, XBRL, was integrated into the network in September 2017. The ICO went live in July 2017 and was largely successful.

The Populous concept was originally developed in November 2016 and its whitepaper was published in Feb 2017. They offer a peer to peer, decentralized and open source token called Poken (PPT). The goal of Populous is to help businesses benefit from the use of advanced blockchain and data processing technologies by providing effective, easy-to-use solutions.

Populous is a specialized trade and invoice finance network which allows individuals to enter invoice financing with SME.