- Project name: Populous
- Ticker symbol: PPT
- Market cap*: $129 million
- Circulating supply*: 37,004,027 PPT
- Total supply: 53,252,246 PPT
Populous is a peer-to-peer invoice discounting platform. Their platform uses smart contracts powered by a blockchain ledger to pair invoice sellers and lenders without the need to transact through third parties.
Their vision is to increase funding for small and medium size enterprises (SMEs) while reducing invoice fraud by transacting on a peer-to-peer blockchain platform. Populous uses two tokens to facilitate the lending and exchange of funds on their platform; Pokens and Populous Platform Tokens (PPT).
Pokens are used internally to purchases invoices on the platform, and they are pegged at a rate of 1:1 to whatever local fiat currency for which they are being exchanged. Pokens and PPT are both ERC-20 standard tokens powered by the Ethereum blockchain.
PPT are used as collateral to invest in invoices on the platform. When one lends their PPT, they will receive the profit in Pokens for their lending of capital and their principal PPT investment in return.
Below is a diagram showing how the Populous platform works in a nutshell:
Founded in 2017 and based in London, Populous World Ltd. was founded by Stephen Williams. The project raised over $10.2 million USD in their ICO.
The 2018 year has been volatile for Populous so far. A £1…