PXT is next in line,
Three coins for the price of one, or more exactly one token and two coins. Each with their own unique characteristics and used for completely different purpose.
PPT is a token and not a crypto-currency. Its function is not for the purchase of goods or services but used as a collateral, a financial instrument in which funds can be secured against to loan to invoice sellers on the invoice discounting platform.
Poken is a crypto-currency, an in-platform crypto-currency designed to transfer value from the invoice buyer to invoice seller and vice versa. How long will Poken be known as “in-platform crypto-currency” remains to be seen?
PXT is truly a crypto-currency that can be used to purchase goods and services. PXT will be used to buy data from the soon to be released Data Platform.
The everyday Joe going about his daily business will not be the one using the Data Platform but the players in the financial industry will. It makes perfect sense because the XBRL data set consists of financial data.
To access this information, PXT will be required. PXT in the financial world will be the next best thing since sliced bread was first invented. Those in the financial industry should be salivating over the imminent PXT airdrop and launch of the Data Platform.
PXT should be the one and only must have crypto-currency on their Christmas list.
A bank or other lending institutions will use the platform to access the financial history of customers who apply for loans to assess their risk. These could be short term loans to meet immediate liquidity needs or long terms loans to finance expansion. These lending institutions will no longer need the services of the more established credit reporting agencies when superior information can be obtained from the platform.
Insurance companies can utilise the platform to gauge the risk profile of their clients before setting their premium. With enhanced credit information from the platform, they can substantially lower their premiums.
A manufacturer that depends on downstream suppliers for parts or raw material can vet suppliers’ financial health. The platform can help identify suppliers with healthy cash flow or those who can potentially cause disruptions in the supply chain. A supplier unexpectedly going belly-up can cause mayhem to production lines in today’s “just-in-time” environment.
Small businesses that supplies parts or material can check the financial health of upstream partners to see if they have the capacity to pay. There is nothing more disruptive than a bigger fish not being able to pay and causing knock on effects to your business.
Traditional invoice financing companies relies on external credit report agencies to provide them with credit reports for businesses. Instead of seeing Populous as their competition, they can use the platform to complement their service, since “enhanced” credit ratings are provided; they in turn can offer more preferential rates to their customers.
Companies wishing to expand by merging or wanting to take over a competitor can make use of the platform to carry out due diligence and financial modeling. Since XBRL reporting format is used around the world, companies can carry out initial due diligence on the platform before they foray off shore.
Corporate raiders such as Private Equity firms can use the platform to search out companies to target. Unsavory as they may be, they do exist. Using the platform, target companies can quickly be identified as those brimming with prime assets.
There are more use cases for the Data Platform because the XBRL data set is certainly a treasure trove of financial information. Access will be required on a continuous basis as the business environment changes over time and access will only be with PXT.
A snap shot of the financial health of a business today does not mean that it will be the same one, two or even six months down the road.
The PXT tokens have already been minted and you can verify this yourself by looking on Etherscan. A total of 500,000,000 PXT coins are ready to be airdropped when the time is right.
The number of coins available will certainly make PXT one of the crypto-currencies with the most coins in circulation. Although not in the billions, half a billion is still quite a number. However the number of PXT minted gives you a pretty good idea how confident Populous are in the quality of the information that can be obtained on the Data Platform. The demand will be high.
The greater the number of coins available the wider the coin can spread throughout the financial industry worldwide. After all, the Data Platform is intended to be used in “ALL” countries. The ease of acquiring PXT will enable more institutions to access to the Data Platform, once inside this financial wonderland, all the goodies on full display will make spending PXT irresistible.
There will be no shortage of PXT, like BTC and LTC, PXT is a crypto-currency and can be circulated back into the crypto-economy.
Each coin airdropped will be of value 0.10p (approx. $0.13) and this is the teaser price to gain access to the Data Platform. PXT will behave just like any other crypto-currency currently being traded so it should not be too difficult for PXT to find its place on the many crypto-exchanges. It is there that the market will assign PXT a value.
Like BTC or LTC, PXT will straggle the “real” economy and the crypto-world. BTC and LTC, or even any of the many crypto offerings out there, have not yet made it possible for “main street” to transact using cryptos. It will soon be time for PXT to take the lead and be that spark to start the revolution from within the financial sector.
Maybe the next comparison is just a tad too far, maybe PXT can also be likened to BTC in that it also provides holders the ability to store wealth.
Nevertheless, the ultimate use of PXT is to purchase information from the Data Platform and that is where it will find its true value. To give you an idea of where PXT price may head, a full report cost between 6GBP and 20GBP.
What other data can be purchased on the Data Platform and how much will they cost?
Steve’s story is a David vs Goliath story or the one about the underdog winning the day. The way Populous was conceived reflects the many battles won and achievements accomplished along the way. Steve have also consistently shown his penchant to reward loyalty by adding value for PPT holders and the way PXT is distributed will probably reflect all of these qualities.
Populous has said that PXT will be distributed to all PPT holders who have shown “loyalty” but they have not said how many PXT will be distributed to each PPT holder. Just taking a guess, will PXT be distributed to “level the playing field” between those with large holdings of PPT compared to those who are loyal but only hold a small amount?
Steve is the underdog and will want to see the underdog shine. What do I mean? In short, loyal minnows may be rewarded more PXT than those who are PPT whales.
The PXT airdrop is the ultimate crypto bonus giveaway and PXT is coming soon!
The Data Platform is much more than just a platform to issue business credit ratings. It will become a tool of choice when it permeates the financial industry. Populous is building or shall I say have built a range of open source tools and plugins to make it the “goto” platform for all things financial.
If you want to build and assess the viability of a financial model or just do simple market research then the Data Platform is for you. If you want to extract information from the XBRL data set, the APIs will allow you and it to become one.
The Invoice Discounting Platform is just warning shot across the bow and the Data Platform is a sign of things to come. Hold on tight because when beta is launched we will all be in for a very wild ride.
The Data Platform will start the wave,
Is PXT the great equaliser?
My most recent Populous posts can be read by clicking the links below.
Populous – Safety First!
https://steemit.com/populous/@marcusxman/populous-safety-first
Populous – Through the Looking Glass!
https://steemit.com/populous/@marcusxman/populous-through-the-looking-glass
Populous – Wow! Wow! Wow!
https://steemit.com/populous/@marcusxman/populous-wow-wow-wow
Populous – It’s War!
https://steemit.com/populous/@marcusxman/populous-it-s-war
Populous – Swimming in Dough!
https://steemit.com/populous/@marcusxman/populous-swimming-in-dough
There are many more Populous post and they can be found here.
Should you have any questions concerning Populous you can ask Populous through Slack, Bitcointalk forum or Twitter Account for answers and clarifications.
However, do bear in mind that Populous are not financial advisers and cannot respond to questions that are of a financial nature. The onus is on you to make that determination and what it means for you as a PPT holder.
In my humble opinion, the risks to the downside are small compared to the potential upside rewards. The contents in this article are for educational purpose only and should not be construed as financial advice. As usual do not invest more than you can afford to lose as these investments can go to zero and always do your own due diligence. If you need financial advice then speak to a licensed financial advisor.
Feel free to comment as you see fit below.
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Live Long and Prosper
I wrote this article myself and it expresses my own opinions. Computer literacy is crucial in this day and age. Just because someone tells you it is good does not mean that it is good for you.
