What is Populous Crypto Currency?A brief description of Populous.
Populous is an invoice and trade finance platform built using the latest in blockchain technology. Populous uses XBRL, Z Score formula, Smart Contracts, Stable tokens and more to create a unique trading environment for investors and invoice sellers from all around the world. Read more. We at Populous believe we are creating the next generation fnancial marketplace. Please read our whitepaper for a more technical overview of the platform.
Unfortunately we don’t have this data available.
The purpose of Populous
Sell your invoices online and take control of your cash flow, Upload your inovices, have your outstanding invoices paid within 24hrs
Applying for a business loan from the bank is not always an ideal solution for small and medium-sized enterprises (SMEs), especially for some businesses that require immediate funding for sud-den working capital increases, wages and short-term investments which have not planned for. While large financial institutions and independent invoice finance companies dominate asset-based lending and factoring, Peer-To-Peer (P2P) invoice finance platforms have recently entered the industry. Similar to traditional invoice finance providers, these platforms provide solutions that allow SMEs to get immediate funding on monies owed to them by their customers, rather than waiting for customers to pay invoices within a 45 to 90 day period which usually causes a strain on the cash flow of the SMEs. With the continued rise of P2P lending platforms entering the industry, invoice finance marketplaces are becoming more accessible to businesses globally. The total mar-ket size for invoice finance has been growing rapidly and reached over $3 trillion USD worldwide. Not having a deep understanding of credit and underwriting expertise can cause serious financial losses for the P2P platform operators and investors on their platforms. General credit and under-writing experience in this industry are often not enough for building a successful and sustainable invoice factoring operation. What we propose is an invoice factoring platform built using XBRL data to create a new type of credit risk system using credit scoring and bankruptcy formulas such as the Altman Z-Score which can be used to perform an in-depth credit risk analysis on targeted potential borrowers, linked companies, and their customers. While also providing targeted mar-keting solutions to find borrowers who need invoice finance using methods such as K-means clus-ter analysis, while also implementing the use of smart contracts on the platform, we can not only prevent duplicate invoice finance fraud but create a cost effective and efficient solution in oper-ating a business with huge global potential.
More information can be found in the Populous whitepaper http://populous.co/populous_whitepaper.pdf
Other Populous facts
- Trading symbol: PPT
- Governance: Centralized > Hierarchical
- Open source: Yes
- Product status: Fully working product
- Consensus method: Proof of work
- Emmission rate: No new tokens created
- Transactions per second: Unfortunately we don’t have this data available.
- Total Supply: 53,252,246
- Release date: 2017-04-12
Usefull Populous links
- Populous’s Website
- Populous pricing data & fundamental Populous information
- Populous’s Website
- Populous official blog
- Populous’s Bitcointalk Forum
- Populous’s Reddit Forum
- Populous’s block explorer
- Populous’s Alexa site stats
- Populous’s official forum: n/a
- Populous’s Github code repository:
- Populous’s roadmap:
- Populous’s team page: http://populous.co/#team
- Populous’s whitepaper: http://populous.co/populous_whitepaper.pdf