What is Populous (PPT)?
Future of PPT Cryptocurrency and know how to buy PPT

What is PPT?

#1 - What is PPT?

  • The Populous network builds solutions for helping businesses with development and growth. The platform provides an opportunity to benefit by utilizing advanced blockchain tech and the big data processing technology efficiently.
  • A peer-to-peer platform, Populous uses the blockchain for providing medium and small sized enterprises a better way to participate in invoice financing.
  • Using invoice financing, a business is able to sell its outstanding invoices at some discount for freeing up some cash quickly. The entity purchasing the invoice efficiently takes over and gets the money whenever the client pays.
  • Populous uses the PPT token to conduct trading on its platform. These are what allows you to use the platform for buying and trading invoices.
  • However, internally on the platform, they use Pokens. The Pokens are tied one-to-one to the great British pound to start with.

Introducing the PXT token

  • The PXT token will be used for the exact value exchange and for monetizing data.
  • The Populous ecosystem will be able to give incredible value to the existing financial systems regarding the transfer of data and microservices which the companies are paying a huge premium presently.   
  • The companies will use PXT for advantages of things like credit reports and analysis or to use the API completely.

PPT: The basics

  1. The full form of PPT is Populous platform token. The PPT tokens were distributed during the ICO of Populous and used primarily as the vehicle of investment. There will only be 53 million PPT tokens in circulation.
  2. Other than holding the tokens, you can also use them to invest it in your invoice. When the token is been invested in an invoice, the tokens are put as collaterals for an investment.
  3. You will receive Pokens in exchange that populous automatically utilizes for purchasing the invoice. After the invoice is repaid, you will get the profit of Pokens and your original PPT investment.

Since PPT is an ERC-20 token,  populous mining is not possible on the network.

PPT Development

  1. The Populous platform was established in 2017 by Stephen Williams.  
  2. Stephen came up with an idea of inculcating XBRL for mining data for the prospective clients in the sector of invoice finance marketing. But, he was unable to gain traction with this idea in the industry and was not able to afford the required amount for setting the invoice discounting business.  
  3. Stephen had many obstacles until he got caught up with the Bitcoin buss in late 2016. He researched further about the technology and decided to implement it by compiling the invoice discounting platform with the blockchain technology.   
  4. He then launched a pre- Initial Coin Offering (ICO) for raising some funds to cover all the upfront costs and develop the platform further with a vision to revolutionize the entire industry.

 

#2 - What are the benefits of PPT

PPT Technology

  1. On the Populous platform, sellers and the buyers exchange invoices by auctions with the help of smart contracts.
  2. For selling an invoice, you need to first register your company.
  3. Then, you’ll have to hold your account until and unless you receive the approval from the administrator of Populous.
  4. After the approval, you will be allowed to submit an invoice and set a minimum sales goal, which will further require you to get the approval from the administrator.

XBLR (eXstensible Business Reporting Language)

The platform analyzes the risk of credit of invoices by using the Altman Z-score formula in real time XBRL data. The data is available publicly and involves business information like the on-hand cash amount, creditors which are due within a year, and the debtor’s value.  

Altman Z-score Formula

  • With Altman Z-score formula and XBRL data, the team of Populous has made their own in-house credit rating system, due to which they don’t need an agency for external credit that will save them a significant amount of money and time.
  • The financial modeling tool, Altman Z-score formula determines three major risk factors, such as:
    A business might end up being bankrupt in around 2 years.
    The business might get default on obligations.
    Control model for financial distress.
  • Other than evaluating invoices, Populous utilizes the two major sets of data for targeting the companies which are in the need of cash flow and wants to filter out the applicants who are not fit for the platform.  
  • The Altman formula credit score is what determines whether the administrator has approved or rejected the invoice sales inquiry.
  • The auction of your invoice will begin once it gets approved, and the auction lasts for 24 hours. There are three things that might bring an auction to its end:
    - An auction has been successful, which means that a bid has matched the goals of your sales within 24 hours.
    The duration of an auction has come to an end, and there had been no bid that matches the need of your sales goal. In this case, you can::
    • Accept the best available bid.
    • Cancel the auction.
    • Restart the auction.
  • You have terminated the auction before it ends. In this case, you can:
    • Dissolve the auction.
    • Accept the best bid available.
  • When the bid gets successfully completed, the seller gets the funds from the buyer in the form of Pokens. The sellers can later exchange these tokens for fiat if they wish to.
  • The buyers who have lost the auctions will have the funds been returned to them.
  • The cancellation of an auction also results in returning the funds to the buyers itself.  

The Altman Z-score Formula (Image Source: Coincentral[DOT]com)

Invoice Buyers

  • Buyers need to get an approval from the administrator before starting to purchase an invoice.
  • While purchasing invoice with fiat, you need to enter KYC information.
  • But, these are not needed while buying an invoice using a crypto. This also keeps you anonymous.
  • A buyer can be a part of a bidding group, or can also establish bid themselves. The bidding group includes individual bidders, who get into an auction as an entity to make bids.

 

#3 - How to buy and store PPT

How to buy PPT

If you’re looking to figure how to buy populous token - know that the PPT coin is listed for trading on various trading exchanges globally, and is paired with major cryptocurrencies like BTC, ETH, BNB, KRW, and USDT. This allows PPT users to access or obtain the PPT token by using their crypto holdings, bypassing the need for more KYC norms.   

The entire list of trading exchanges for the PPT cryptocurrency include major global exchanges such as Binance, ForkDelta, Mercatox, and more.

  1. While cryptocurrency exchanges provide you a platform to buy or sell the PPT cryptocurrency, CoinSwitch comes in to help you make the right decision by providing the prices for PPT on multiple crypto exchanges. It supports more than 140 coins and 45,000 pairs of cryptocurrencies. You can choose whichever pair you want with your token and compare the prices at exchanges. This way you can choose the best deal for you!
  2. What’s more - with CoinSwitch, the largest cryptocurrency exchange, you do not rely on a separate wallet from the exchange to store your PPT cryptocurrency. Instead, all transactions happen to and from your own personal private wallets, the benefits of which we’ve spoken about here earlier.

PPT Storage

After obtaining the PPT token, you will require a Populous wallet to store it safely. PPT is an ERC-20 token. There are few PPT wallets available, such as:

  • MyEtherWallet - an open source ERC20 wallet that is based on Javascript, MyEtherWallet can be an ideal EOS wallet which delivers high anonymity and an easy-to-use user interface.  
  • Metamask has a simple interface and is an Ethereum browser wallet. It has a centralized validation system. It does not require any login because the private keys get stored on Chrome and not on a private server. The private key is protected with a password.
  • The Ledger Nano S is of course, the hardware wallet based on robust safety features for secured digital payments and to store cryptographic assets. It can be connected to any computer through USB and embeds a secure OLED display for checking and confirming every transaction you make with one tap on the side buttons.

 

#4 - What is the future of PPT token?

PPT Global Acceptance

The Market Cap ranking of the populous cryptocurrency is 55 as of June 2018, and it holds a market capitalization of $180,699,544 USD as of the same time. A total number of 53,252,246 PPT coins are in circulation.     

Price History

Date

Open

High

Low

Close

Volume

Market Cap

1 June, 2018

12.70

12.74

12.04

12.39

5,522,720

470,052,000

1 May, 2018

24.55

24.55

22.56

23.50

3,944,950

908,356,000

1 March, 2018

17.96

25.96

17.83

22.48

13,183,100

664,615,000

1 January, 2018

41.55

42.59

38.29

41.73

1,770,540

1,537,470,000

1 November 2017

3.79

3.96

3.39

3.66

446,220

156,431,000


Complete Analysis of Populous | Live Populous (PPT) Price Charts & Predictions

Future Prospects

  • There is no such competitor of Populous on the entire blockchain market so far. The only and probably the biggest challenge the platform might face is of getting clients to switch to their platform from traditional invoice financing channels.  
  • As of June 2018, the invoice finance system is limited, generally to only local transactions.
  • The users who participate in this also require a financial institution or a third party connecting the business looking to sell the invoice to a buyer. But, Populous permits businesses to directly get connected with the invoice buyers all around the globe, which cuts down the middleman as well as saves a lot of time. Populous does take some advantages of the blockchain benefits such as transparency, speed, and security at the same time.    

 

#5 - How is PPT different from other cryptocurrencies?

  • The market cap of Populous is significantly higher than few other digital currency projects which are targeting large customer bases.   
  • Populous has created a unique platform that has adapted the blockchain technology to invoice sales and to facilitate international transactions. The platform has made them even cheaper, faster, and in a transparent as well as the decentralized market.  
  • The platform already has around 3 million companies in its database.
  • PPT permits the holders to gain profits only by owning them.  

 

#6 - Should you invest in Populous?

The Good:

  • The platform holds a function of providing P2P trade financing globally. The invoice sellers and buyers can complete any transaction without the need for any third party.   
  • The transactions are quick.
  • As there is no third party involved, it is less expensive.
  • The Populous world provides safety as every invoice in transparently recorded on the Ethereum blockchain, there are fewer risks of mistakes.  

The Bad:

Even though PPT has excellent and unique features, it is still not ranked amongst the top 50 cryptocurrencies according to the Coin Market Cap ranking. The coin somehow is still being overlooked due to other major digital currencies. PPT stills needs to rise and market itself better for being in the run of top most cryptocurrencies.

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