[ANN] POPULOUS WORLD - Invoice trading platform - PPT - page 337.

Populous World

full member

Activity: 280

Merit: 112

https://i.imgur.com/nDGTBjp.png

Quote from: ruletheworld on May 13, 2017, 03:47:17 PM

Quote from: Calangaman on May 13, 2017, 04:46:58 AM

Just found out about this ICO and I've read the posted stuff.

Let me know if I get the following right:

- populous is basically in the factoring business
- blockchain is used to facilitate the flow of business and funds via internal Pokens
- ICO investors get PPT coins and no Pokens

Now the key questions are:
- How will PPT holders benefit from the growth of the business ?
- Will there be any dividend of share ownership deal with the company ?
- Will PPT be traded on exchanges ?

I support all initiatives for implementing blockchain in the financial world but I want to understand the dynamics of the coin before investing.

I second these questions. It wasn't entirely clear to me reading the whitepaper what the value of PPT coins are. Is it a percentage of all fees that are charged? Please elaborate on the economics of the token. If the platform grows, how do PPT holders benefit?

Hi, So the percentage of profit to ICO PPT holders will be based on the overall PPT sold during the ICO. The profit is divided equally amongst all PPT, regardless if the PPT holder had acquired his/her holdings during the ICO or at a later date. PPT holders should also benefit from speculation of PPT.

Populous World

full member

Activity: 280

Merit: 112

https://i.imgur.com/nDGTBjp.png

Quote from: Calangaman on May 13, 2017, 04:46:58 AM

Just found out about this ICO and I've read the posted stuff.

Let me know if I get the following right:

- populous is basically in the factoring business
- blockchain is used to facilitate the flow of business and funds via internal Pokens
- ICO investors get PPT coins and no Pokens

Now the key questions are:
- How will PPT holders benefit from the growth of the business ?
- Will there be any dividend of share ownership deal with the company ?
- Will PPT be traded on exchanges ?

I support all initiatives for implementing blockchain in the financial world but I want to understand the dynamics of the coin before investing.

Hi, yes your right. Populous is in the factoring business and Pokens are used as the flow of funds within the platform. So PPT holders will benefit from the fees and services that the platform receives. The platform charges a basic fees for administering the whole auction/crowd-funding process. Additional fees from the cashing of third party Poken holders.

Because of the structure of the business we cannot give dividends but will buy back PPT from exchanges which will decrease the overall number of PPT in circulation and increase the value of PPT at the same time. The PPT brought back will be destroyed, we will use the profit from the platform to achieve this.

Yes we will aim to list both PPT and Pokens on all major crypto exchanges.

Thank you for your question.

ruletheworld

legendary

Activity: 1386

Merit: 1045

Quote from: Calangaman on May 13, 2017, 04:46:58 AM

Just found out about this ICO and I've read the posted stuff.

Let me know if I get the following right:

- populous is basically in the factoring business
- blockchain is used to facilitate the flow of business and funds via internal Pokens
- ICO investors get PPT coins and no Pokens

Now the key questions are:
- How will PPT holders benefit from the growth of the business ?
- Will there be any dividend of share ownership deal with the company ?
- Will PPT be traded on exchanges ?

I support all initiatives for implementing blockchain in the financial world but I want to understand the dynamics of the coin before investing.

I second these questions. It wasn't entirely clear to me reading the whitepaper what the value of PPT coins are. Is it a percentage of all fees that are charged? Please elaborate on the economics of the token. If the platform grows, how do PPT holders benefit?

Calangaman

sr. member

Activity: 602

Merit: 250

Just found out about this ICO and I've read the posted stuff.

Let me know if I get the following right:

- populous is basically in the factoring business
- blockchain is used to facilitate the flow of business and funds via internal Pokens
- ICO investors get PPT coins and no Pokens

Now the key questions are:
- How will PPT holders benefit from the growth of the business ?
- Will there be any dividend of share ownership deal with the company ?
- Will PPT be traded on exchanges ?

I support all initiatives for implementing blockchain in the financial world but I want to understand the dynamics of the coin before investing.

Populous World

full member

Activity: 280

Merit: 112

https://i.imgur.com/nDGTBjp.png

Quote from: BestWebCreator on May 13, 2017, 03:52:45 AM

Quote from: Populous World on May 13, 2017, 03:48:08 AM

Quote from: BestWebCreator on May 13, 2017, 03:31:06 AM

Quote from: Populous World on May 13, 2017, 02:47:09 AM

Quote from: BestWebCreator on May 13, 2017, 02:36:39 AM

Quote from: Populous World on May 13, 2017, 02:33:26 AM

Quote from: puremage111 on May 13, 2017, 02:03:05 AM

Hello, just to clarify

For people who invested in the Populous ico

1) They will get pokens, in this case those who hold Pokens are considered as an investors as the funded amount is to lend to the borrower? is there dividends for holding?
2) In this case Pokens price will always be constant as invested $0.20 get you 1 pokens, the $0.20 will go towards the borrower until he return?
3) Does borrower need to pay more for invoice he sell?
4) If he sell the his invoice through Populous, he will get the funds direct [$$] or pokens that he neeed to sell on exchange?

I am confusing now damn xd

Hi, hope I can make things a little clearer.

So Pokens are not the same as ICO tokens. ICO tokens are called Populous Platform Tokens 'PPT'.
Pokens are the flow of funds within the Populous Platform and are issued only to investors on the Platform who wish to trade invoices.

1) Investors will get PPT in exchange for their investment.
2)Poken prices will always be the same as their fiat currency equivalent. Populous Platform Token 'PPT' on the other hand will over time increase in value.

3) Borrowers or invoice sellers sell their invoices at a discount depending on the risk credit rating calculated. So an invoice may be worth $1000 and the borrower may sell it for 10% less of it's value which is $900. This will rewarded the invested with $100 profit.

4) If the borrower/invoice seller sells his invoices through Populous, they will receive Pokens from the sale which they can send to us and we will transfer them fiat currency equivalent or they can keep the Pokens and do what they want with them. The invoice seller can transfer Pokens outside the platform to his/her wallet or sell even sell on other exchanges. Pokens are worth the same as the fiat currency the inovice was sold in.

I have a question about #3: why would someone sell his so called invoice 10% below the market rate? This would mean that the demand is lower than the offered invoices, which leads to a dropping price, but I guess u want to have the opposite effect..

3) I gave an example of the percentage the borrower would sell his/her invoice for. This could be anything from 2% up to 10%. The reason being for the change in percentage for each invoice seller invoices would depend on the borrower/invoice sellers customer who they issued the invoice to. In some cases the invoice sellers customer may be an higher risk than others, therefore the higher the cost to finance the invoice. Invoices sold generally at lower than market rate by the borrower is because the borrower does not want to wait 30 - 90 days to before their customer actually pays the invoice. So this way the investor buys the invoice at a discount.

So because the risk is higher of some invoices, it means the costs are higher of those? What gives the invoice holder the guarantee that the debt will be paid after the end of the term of the invoice?

To offset the risk of default for any invoice sold by a invoice seller, There are three main things we do but this is on cases by case basis.

1) Credit insurance: Which is for large invoice amounts.
2) Charge on the invoice sellers company. Which is often known as a debenture registered a against the invoice sellers company.
3) Directors personal guarantee.

By taking out an credit insurance the insurance company basically says they will cover the value of the invoice if the invoice sellers customer those not pay. Debenture will allow the assets of the invoice sellers company to be legal taken to settle the debt should the invoice not be paid. Directors personal guarantee would allow us to recover the debt in worst cases by selling property of the invoice seller, such as his or her house.

These are used as recovery options and which are installed in the process of risk management of the invoice sale. Prior to that we carry our a full check on both the invoice seller and their customer in order to not get to the stage in which there would be a default.

We will be issuing a document soon on our website which will basically cover what I am talking about today in more detail.

So in order to get a 'loan', you need to upload your ID and such so when you don't repay, someone will come to your house and claim the debt that is remaining? If that is the case, wouldn't that cost alot of money and require alot of agencies in all different countries.

Thanks and we appreciate your questions and feedback, should you need more answers to anything, feel free to join our Telegram group: @populous.

BestWebCreator

hero member

Activity: 675

Merit: 513

:)

Quote from: Populous World on May 13, 2017, 04:06:35 AM

Quote from: BestWebCreator on May 13, 2017, 03:52:45 AM

Quote from: Populous World on May 13, 2017, 03:48:08 AM

Quote from: BestWebCreator on May 13, 2017, 03:31:06 AM

Quote from: Populous World on May 13, 2017, 02:47:09 AM

Quote from: BestWebCreator on May 13, 2017, 02:36:39 AM

Quote from: Populous World on May 13, 2017, 02:33:26 AM

Quote from: puremage111 on May 13, 2017, 02:03:05 AM

Hello, just to clarify

For people who invested in the Populous ico

1) They will get pokens, in this case those who hold Pokens are considered as an investors as the funded amount is to lend to the borrower? is there dividends for holding?
2) In this case Pokens price will always be constant as invested $0.20 get you 1 pokens, the $0.20 will go towards the borrower until he return?
3) Does borrower need to pay more for invoice he sell?
4) If he sell the his invoice through Populous, he will get the funds direct [$$] or pokens that he neeed to sell on exchange?

I am confusing now damn xd

Hi, hope I can make things a little clearer.

So Pokens are not the same as ICO tokens. ICO tokens are called Populous Platform Tokens 'PPT'.
Pokens are the flow of funds within the Populous Platform and are issued only to investors on the Platform who wish to trade invoices.

1) Investors will get PPT in exchange for their investment.
2)Poken prices will always be the same as their fiat currency equivalent. Populous Platform Token 'PPT' on the other hand will over time increase in value.

3) Borrowers or invoice sellers sell their invoices at a discount depending on the risk credit rating calculated. So an invoice may be worth $1000 and the borrower may sell it for 10% less of it's value which is $900. This will rewarded the invested with $100 profit.

4) If the borrower/invoice seller sells his invoices through Populous, they will receive Pokens from the sale which they can send to us and we will transfer them fiat currency equivalent or they can keep the Pokens and do what they want with them. The invoice seller can transfer Pokens outside the platform to his/her wallet or sell even sell on other exchanges. Pokens are worth the same as the fiat currency the inovice was sold in.

I have a question about #3: why would someone sell his so called invoice 10% below the market rate? This would mean that the demand is lower than the offered invoices, which leads to a dropping price, but I guess u want to have the opposite effect..

3) I gave an example of the percentage the borrower would sell his/her invoice for. This could be anything from 2% up to 10%. The reason being for the change in percentage for each invoice seller invoices would depend on the borrower/invoice sellers customer who they issued the invoice to. In some cases the invoice sellers customer may be an higher risk than others, therefore the higher the cost to finance the invoice. Invoices sold generally at lower than market rate by the borrower is because the borrower does not want to wait 30 - 90 days to before their customer actually pays the invoice. So this way the investor buys the invoice at a discount.

So because the risk is higher of some invoices, it means the costs are higher of those? What gives the invoice holder the guarantee that the debt will be paid after the end of the term of the invoice?

To offset the risk of default for any invoice sold by a invoice seller, There are three main things we do but this is on cases by case basis.

1) Credit insurance: Which is for large invoice amounts.
2) Charge on the invoice sellers company. Which is often known as a debenture registered a against the invoice sellers company.
3) Directors personal guarantee.

By taking out an credit insurance the insurance company basically says they will cover the value of the invoice if the invoice sellers customer those not pay. Debenture will allow the assets of the invoice sellers company to be legal taken to settle the debt should the invoice not be paid. Directors personal guarantee would allow us to recover the debt in worst cases by selling property of the invoice seller, such as his or her house.

These are used as recovery options and which are installed in the process of risk management of the invoice sale. Prior to that we carry our a full check on both the invoice seller and their customer in order to not get to the stage in which there would be a default.

We will be issuing a document soon on our website which will basically cover what I am talking about today in more detail.

So in order to get a 'loan', you need to upload your ID and such so when you don't repay, someone will come to your house and claim the debt that is remaining? If that is the case, wouldn't that cost alot of money and require alot of agencies in all different countries.

This is exactly why we have built Populous. Populous automates the process to an high degree and provides a more detailed approach to invoice trading, we have built an XBRL system that allows us to take deeper a deeper look into company risk and relationships and the industry as a whole. With a combination of other data sets we use, we can determine 100% who the borrower says they are. All this is done in house using advanced predictive analytics and human intervention. the cost to others who rely on a third party approach would be high but is not usually in the invoice finance industry.

Thank you for the answer, now I understand what this project is about. It seems to have a good purpose and I think I will be investing in the ICO, the idea is interesting and your support here is great