What is Populous?
The Populous token is the latest invention built on the Ethereum platform, released specifically to enable address trades and invoice finance. The aim is to create an ideal environment for both investors and sellers but through blockchain technology, which compared with the standard cross-border activities, appears to be way cheaper. The platform supports the usage of smart-contracts, XBRL data and pegged tokens to make those action even easier. As the main goal of theirs, PPT token strives to disrupt the $3 trillion invoice financial industry currently operating. The Populous token claims to be the solution of the 21st century and the true replacement of the existing global financial system. It is a peer-to-peer platform which raises the level of democracy and transparency. The initial coin offering started on July the 24th 2017 with the total supply of 53,252,246 PPT tokens.
Advantages
One of the main advantages of the Populus token is that it supports Smart Contracts, thus giving extra security against fraud. Some of the other benefits are:
- Cheaper transactions
- 100% decentralized system
- Considered as the future financial system
Disadvantages
As everything progressive and innovative nowadays, it hides a certain level of risks. The true success is hidden behind the acceptance of that project from the community and its impact on the global picture.
- Uprising regulations
- Potential risk of huge losses – if you enter wrong information during transaction, the funds are lost forever
- Less attractive because of its complicity
History and Evolution
The Populous cryptocurrency founders Stephen Williams and his identical brother Sam grew up in a low-class neighbourhood in the south side of London. They say that they spent around 4 years in their family residence in Brockley to develop the platform. In a manner of facts, the whole team of experts behind the project is with proper education and experience in different areas. Like Zvezdomir Zlatinov – he is the current CTO/Smart contract developer, Jonathan Millar- Invoice finance risk consultant, Konan Beugre – head advisor and part of the Barclays Investment Bank and many more people with different skills standing behind the scene. The ICO was launched on 24th of July 2017 with a set price of $0.28 per unit and raised $10,220,400 for pretty much no time, the available Populous coins for sale now are 53,252,246.
Populous`s Future
It’s hard to say what will happen in the future but for sure we can state that the Populous token aims to remove the traditional invoicing system and unable new global invoice trading platform as a direct connection between businesses and customers. The distributed ledger technology will help different organizations to optimize their flow of funds and reduce the cost of money transfers across the globe. The beta version was released in the end of November 2017 and if you would like to know more, you can visit their roadmap here.
Populous Blockchain
As part of the ERC-20 standard, PPT token is operating on the Ethereum network, allowing the users to take advantage of the rules set by smart contracts. In addition to that, the stable Populous token shields the buyers and sellers from the market volatility. Since the launch of the beta version in late 2017, there is no information if the testnet is open to the public or just there for the team to develop the network. According to my research, they are working on it for over a year now.
How to Get Populous at Exchanges
The Populous cryptocurrency is available on 14 different exchanges and total market volume of about $695,000 over 24h. You can easily obtain some PPT coins from Binance, Mercatox, OKex, and others. Unfortunatelly won’t be able to purchase them with fiat currencies, you need first to exchange some Bitcoin or Ethereum and then trade them for Populous coins. Sounds a bit complicated but it’s not, believe me. According to the beforementioned and the community hopes in the token, I consider it a good investing opportunity.
| Exchange | Buy Populous with: | Buy with Fiat Money: | |
|---|---|---|---|
| Bitcoin, Ethereum | – | Trade now | |
| Bitcoin , Ethereum | – | Trade now | |
| Bitcoin | – | Trade now |
Wallets for Populous
As for all ERC-20 token you can use MyEtherWallet. If you are looking for extended guide how to manage and work with it, check here. To explain briefly, you will need just a normal computer and around 100GB hard-drive space to store the blockchain on. In addition, you need to install and configure your OS:
Alternative Wallets
If it is running on the Ethereum network, it means that it is compatible with many digital wallet providers. You can choose between desktop, web or mobile versions with different features. If you want to be on the safe side, just purchase a hardware(cold) wallet without any access to the internet. Have a peek at the table underneath, I am sure you will find the one suiting your needs.
Mobile Wallets:
Web Wallets:
News
If you are looking to be constantly updated with the latest news and plans after reading this Populous review, I suggest you start with social media accounts like Twitter or for more detailed information check the roadmap on their homepage.