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What Is Populous ?
Populous is a new invoice trading platform that lets you become in charge of your invoices and control your cash flow. Invoice and trade finance is a big part of the worldwide business community and Populous is targeting this industry for the greater good.
Populous platform uses blockchain technologies such as XBRL, smart contracts, Stable coins and other approaches to create an altogether new trading environment for investors and sellers around the world. Companies can now prepare and sell their invoices quickly through the Populous platform. Once they are done, the Populous tokens held by them can be redeemed for fiat currencies like Dollar and Euro. The platform makes it extremely simpler, cheaper and faster for the companies to do so.
The overall goal of the Populous Platform is to create a next generation financial marketplace. While we hear the same from every crypto startup, Populous Platform is the real deal as it tries to address the basic problems that people face.
Stephen Williams- CEO
Zvezdomir Zlatinov- CTO
Jonathan Millar, Invoice Specialist
Konan Fabien Beugre- Advisor
Populous’s tokens are called Pokens and they are pegged to fiat currencies. This direct association makes the new coins stable and the value of Pokens is backed by investors who deposit the funds in the platform to finance these invoices.
You can sell and redeem Pokens for fiat currencies in the coin marketplaces as well. Populous has a direct application in trading and invoicing. Populous was built on the Ethereum and RSK blockchains.
Populous was a one-time coin offering. All coins come pre-mined in the invoice ecosystem. But you can earn the Poken tokens by investing your mind and time in their bounty program. You can follow their Github page for this purpose.
Notes for Investors
The ICO of the Poken Coins was held in July 2017. The platform was successfully funded and the trading began at $4. The current price of the Poken coin is around $440 showing a more than 11 times increase since launch back in July. The total market capitalization of the new currency is close to $450 million and holds great promise in the future as it expands into a bigger customer based and satisfies more federal regulations.
It got XBRL integration in October and the beta was launched in November.