Populous (PPT)

$0.806585 (-9.02%)

CMC# Market Cap (USD) Volume (24hr) Circulating Supply NVTS Change (7d) Change (24h) Savings Per 1K
185 $42,952,400.00 $2,020,390.00 53,252,200 PPT -- -9.02% -10.62% $72.75

Exchange Pair Volume (24h) Price
Binance PPT/BTC 586,991.00 0.0000252900
HitBTC PPT/BTC 521.76 0.0000253300
Bitrue PPT/BTC 74,802.00 0.0000253000
Bilaxy PPT/BTC 238,838.00 0.0000253600
KuCoin PPT/ETH 10,772.48 0.0006702000
P2PB2B PPT/BTC 36,945.00 0.0000253000
Atomars PPT/BTC 1,442.64 0.0000253000
LATOKEN PPT/BTC 68.84 0.0000254600
KuCoin PPT/BTC 14,296.29 0.0000253700
Dex-Trade PPT/BTC 1,561.20 0.0000253000
NiceHash PPT/BTC 156.34 0.0000253200
CoinBene PPT/BTC 256,288.00 0.0000252000
OKEx PPT/USDT 1,210,043.00 0.8520000000
Hotbit PPT/BTC 38,849.00 0.0000245000
YoBit PPT/RUR 6.68 55.9094785200
Mercatox PPT/BTC 84,346.00 0.0000286100
Mercatox PPT/ETH 55,230.00 0.0007734500
Bitrue PPT/ETH 132.44 0.0005020000
ProBit PPT/KRW 7,075.91 1,004.0000000000
Zebitex PPT/BTC 3.67 0.0000246400
YoBit PPT/WAVES 0.19 0.1102484000
ForkDelta PPT/ETH 86.38 0.0006750000
YoBit PPT/BTC 9.16 0.0000228000
YoBit PPT/USD 2.33 0.5195440100
YoBit PPT/ETH 2.90 0.0002500500
HitBTC PPT/ETH 0.41 0.0005965000

Background

Populous aims to build a blockchain protocol support a sort of secondary invoice market to enable small- and medium-sized businesses to more efficiently invoice for services rendered. As fees and short-term loan costs for invoice payment processing grow, the Populous team plans to leverage the transparency of a distributed block chain ledger to improve the trail from service to invoice to payment with reduced costs via on-chain smart contracts. Populous also is creating their own in-house credit rating system using Exstensible Business Reporting Language and the Altman Z-Score Formula. Populous believes increasingly secure, sophisticated smart contracts can facilitate less asymmetric service-payment exchange that currently imposes material costs on small businesses via three different actors: administrators, invoice sellers, and invoice buyers. Invoices are created by sellers, scored and either approved or denied by administrators, and made available to buyers if approved. After accepted by buyers, the invoiced services can be rendered and payment offered.

Technology

Populous' native token (PPT) is an ERC-20 compliant token used to invest in approved invoices. Once PPT tokens are spent, the spender receives Pokens, a secondary on-chain token that Populous uses to buy an invoice. PPT tokens and Pokens are paid to an invoice investor when the invoice is paid. PPT tokens are exchangeable on all ERC-20 compliant secondary markets for investors who want to invest in invoice smart contracts on the Populous chain. Populous also aims to make PPT tokens convertible to Ethers (ETH) but also major fiat currencies. The team believes increasing the transferability and exchangeability of the PPT token will help scale the invoice market.



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