What is Populous? Populous (PPT) is a Blockchain platform that provides peer-to-peer services for small and medium businesses. cryptocoin.com In this article, we have answered the questions asked by investors such as what is Populous, what it offers, what is PPT coin, what is it for, how to buy it. Let’s examine this project together, which provides various Blockchain solutions for businesses.
What is Populous?
Populous is a platform that provides small and medium businesses (SMBs) a more efficient way to participate in invoice financing. This platform uses Blockchain technology to provide said service to SMEs. It also works in a peer-to-peer (P2P) manner, making it possible to transact without intermediaries. Having a consistent cash flow in the current market is a serious challenge for many SMEs. Late bill payments cost small businesses in the UK $2 billion each year.
This means that many payments and opportunities are missed by the business. Businesses use invoice financing. Thus, they can sell their unpaid bills at a discount. The person receiving the invoice effectively takes over the invoice and gets the money when the customer pays it. Populous focuses precisely on this point. The Ethereum-based project aims to expand invoice finance globally and create an overall good system. It uses Blockchain technology, XBRL data and the Altman Z-score formula.
What does Populous offer?
On Populous, buyers and sellers exchange invoices through auctions using smart contracts. To sell invoices, you must first register your company. Your account will then be put on hold until you get approval from the Populous administrator. After the administrator approves you as a seller, you can send an invoice and set a minimum sales target. This also requires administrator approval.
Populous analyzes the credit risk of invoices using the Altman Z-score formula on real-time XBRL data. This data is publicly available and includes business information such as the debtor’s value, the amount of cash on hand, and creditors due within one year. With the extracted XBRL data and the Altman Z-Score formula, the project created its own in-house credit rating system. Therefore, they do not need an external credit institution. This saves them a significant amount of time and money via Blockchain.
What is PPT? What does it do?
PPT coin is an ERC-20 token that serves as the native cryptocurrency of the Populous platform. Apart from holding them, users can use PPT coins to invest in invoices through liquidity pools. When you invest in a bill using PPT, your tokens are offered as collateral for the investment. In return, you get Pokens tokens that Populous automatically uses to purchase the invoice. When the bill is paid back, you get the Pokens profit and your original PPT investment back.
What is Populous? How to get PPT?
Populous is currently traded on cryptocurrency exchanges such as Bitrue, KuCoin, HitBTC. PPT can be purchased on these exchanges.
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