The Populous Coin (PPT) is slowly but surely working its way towards the top-20 ranking and has been able to price more than 40% in recent days with a strong bullish rally. Currently, the Populous price stands at just under € 8.80 and shows a steep upward trend.
Populous is a global P2P (peer-to-peer) accounting platform based on blockchain technology. The blockchain technology is said to eliminate inefficiencies and risks of manual job origination and processing, the associated manual errors and the double invoice financing.
Popoulus was created in 2017 by founder and data expert Stephen Williams. He envisioned a platform for invoice financing that works both safely and very efficiently.
When Stephen heard about the bitcoin story and blockchain technology, he immediately knew that this would be the foundation of his project. The Populous Project uses the power of the Ethereum Blockchain to model the complexity of accounting on a distributed system.
Stephen then started an ICO to finance the project and cover the upfront costs. Furthermore, he armed himself with reinforcements from the finance and blockchain technology.
Thus the project Popoulus was born and created the basis for a further development of the platform.
When a Smart Contract is executed on the Populous Platform between an Invoice Buyer and an Invoice Seller, 80% of the funds are released to the Invoice Seller through the Smart Agreement.
The payment is not confirmed until the transaction is entered in the distributed ledger and the crowdfunding process is finally completed. All legal requirements are entered in the Smart Contracts, which are legally binding at execution.
Cash flow within the platform is made possible through the use of a custom stable currency token called Pokens. Pokens are 1: 1 in the national government currencies (Euro, Swiss Francs, US Dollars, British Pounds, etc.), which are used for the respective bill of an agreed Smart Contract contract.
For the start, it is only possible to trade GBP, ie pound of the value of British pound, since the company is based in London. Other currencies will follow later.
For example: 8 € are represented by 8 Pokens (GBP).
All financial transactions between buyers and sellers of invoices are handled by Pokens.
A model process could look like this:
The Pokens are ERC20-compliant and can use it to execute Smart Contracts on the Ethereum Blockchain.
The base currency for the Poken is a national Fiat currency based on the needs and location of the transaction. Pokens are initially tied to the British pound (GBP).
All users of the platform can convert their GBP-Pokens into Pokens of other currency units within the platform. For example, the participant may convert their GBP-Pokens for USD-Pokens based on the conversion rate set by the London Stock Exchange. All currencies are determined by the national stock exchange of the territory.
Fund deposits can be made in Bitcoin, which will be exchanged for a cumulative BTC / USD pair at the time of the deposit. In a withdrawal, Pokens can be exchanged for the currency of a supported government or cryptocurrencies such as Bitcoin or Ethereum.
The use of custom stable poker shields the buyer's and seller's bill from market volatility (price fluctuations).
This makes it possible to handle the accounting of any currency without the need for a third party.
The intelligent contracts are hereby protected by the use of XBLR data and Altman Z-Scores to ensure the financial creditworthiness of companies who want to sell invoices.
XBRL (eXtensible Business Reporting Language) is a global standard for exchanging business information and is freely available to anyone. It is developed and published by XBRL International, Inc.
The Z-Score formula, published in 1968 by Edward I. Altman, is a standard formula used in the financial industry worldwide.
The formula provides three predictively important statements:
You can buy and sell the Popoulus Token on the etherdelta.com platform.
The Web Wallet is located directly on the side of Popoulus. There you have to register and you can then store and manage the poken tokens directly.
Conclusion to the project
The following video summarizes all important points again (the video is not from us but from Youtuber Crypto Gamer):
The Populous Coin (PPT) is slowly but surely working its way towards the top-20 ranking and has been able to price more than 40% in recent days with a strong bullish rally. Currently, the Populous price stands at just under € 8.80 and shows a steep upward trend.
Populous is a global P2P (peer-to-peer) accounting platform based on blockchain technology. The blockchain technology is said to eliminate inefficiencies and risks of manual job origination and processing, the associated manual errors and the double invoice financing.
Popoulus was created in 2017 by founder and data expert Stephen Williams. He envisioned a platform for invoice financing that works both safely and very efficiently.
When Stephen heard about the bitcoin story and blockchain technology, he immediately knew that this would be the foundation of his project. The Populous Project uses the power of the Ethereum Blockchain to model the complexity of accounting on a distributed system.
Stephen then started an ICO to finance the project and cover the upfront costs. Furthermore, he armed himself with reinforcements from the finance and blockchain technology.
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