HELLO Steemians
Before coming too the potential crypto token let's have a look on the basics, like what is populous ? what does populous do ? How populous works ? what does populous provide ?
What is "populous" ?
Populous is blockchain technology which provides P2P (peer to peer) invoice discounting. Its proprietary smart contracts to pair invoice sellers and lenders directly and with-out third-parties.
You might be wondering what is invoice financing and how does it work?
Answer : Invoice financing is asset based lending that allows companies/banks to finance.
There are two ways of it
1. Invoice factoring: This financing provides immediate funding, technically selling a asset for fund rather than getting a loan. For example John's company sell's its invoice in 2 installments. The first installment covers 80% for value of his invoice and deposited to his bank account within one business da. His company gets remaining of 20% when the customer pays the invoice in full.
2. Asset based Loan : Taking a loan from bank/financial institutions.
What Does Populous Do?
a. Populous is all about invoice finance. It has built an agile, robust service which will disrupt and transform the current invoice financing systems.
b. Populous is introducing the invoice buyers directly to the invoice sellers in a P2P (peer to peer) platform.
This will transform the current industry into a more efficient and profitable ecosystem which is globally accessible by both invoice buyer and seller.
What Does Populous Provide ?
High Speed and low cost: Immediate funding and autonomous fund collection and release.
Global P2P Trading : No geographical limitations.
Safety : Ethereum blockchain has the record of every invoice which is uploaded to it, results in eleminating misuse and potential error.
Market Position dated : 14/01/18
Right now populous is placed 30th in market capitalization.
Total value : $1,857,935,186
Circulating Supply : 370,004,027
Total supply :53,252,246 PPT
Future Prediction
Limited maximum coin supply makes it value-able. Current financial institution's platforms are limited by industry regulations. Populous will be a first mover as well as one of the outperforming tokens for 2018-2019. It may be the idea of the new globally dominating app.
It seems populous has not only a smooth future, It is for a successful future. It will dominate private banking sectors and new business.
Bankers will be really pissed-off that they have to move over to populous platform for retail factoring.
Conclusion
Blockchain technology has opened the door for everyone to participate in an alternate finance market. Currently the largest barrier to entry for both invoice seller and buyer is geographical limitation.
DISCLAIMER : above information is not a financial advice, do your own research before investing in crypto-currency market.