Trade PPT - PPT Markets, Exchanges, Broker
The Populous Coin (PPT) is slowly but surely working its way towards the top 20 and has seen a price increase of over 40% over the last few days due to a strong bullish rally. At present the Populous course stands with scarcely 8.80 euro and shows a steep upward trend.
Populous is a global P2P (Peer-to-Peer) billing platform based on blockchain technology. The Blockchain technology is supposed to eliminate here inefficiencies and risks of the manual order origin and - processing and the associated manual errors and the double invoice financing.
Origin of the idea of the project
Popoulus was created in 2017 by founder and data expert Stephen Williams. He envisioned an invoice financing platform that was both secure and highly efficient.
When Stephen heard about the Bitcoinstory and blockchain technology, he knew it would be the foundation of his project. The Populous project uses the power of the Ethereum blockchain to map the complexity of accounting to a decentralized system.
Stephen then started an ICO to finance the project and cover the upfront costs. He also armed himself with reinforcements from finance and blockchain technology.
Thus the project Popoulus was born and the basis for a further development of the platform was created.
Populous platform: How the system works
If a Smart-Contract between an invoice buyer and an invoice seller is executed via the Populous platform, 80% of the funds are released to the invoice seller via the Smart-Contract.
Payment is not confirmed until the transaction is entered into the distributed ledger and the crowdfunding process is completed. All legal requirements are entered in the Smart Contracts, which are legally binding during execution.
The cash flow within the platform is made possible by the use of user-defined stable currency tokens called pokens. Pokens are linked 1:1 with the national government currencies (Euro, Swiss Franc, US Dollar, British Pound etc.), which are used for the respective invoice of an agreed Smart-Contract-Conclusion.
For the start, however, it is only possible to trade GBP, i.e. pokens with the value of British pounds, as the company is based in London. Other currencies will follow later.
The Pokens are ERC20 compliant and can execute smart contracts on the Ethereum blockchain.
The base currency for the Poken is a national Fiat currency based on the needs and location of the transaction. Pokens are initially pegged to the British Pound (GBP).
All users of the platform can convert their GBP pokens into pokens of other currency units within the platform. For example, the participant can convert its GBP pokens to USD pokens on the basis of the conversion rate set by the London Stock Exchange. All currencies are determined by the national exchange of the territory.
Fund deposits can be made in Bitcoin which will be exchanged for a cumulative BTC / USD pair at the time of deposit. In the event of a withdrawal, pokens can be exchanged for the currency of a supported government or crypto currencies such as Bitcoin or Ethereum.
The use of the customized stable poker protects the buyer's and seller's accounts from market volatility.
This makes it possible to handle the accounting of any currency without the need for a third party.
Platform security
The intelligent contracts are protected by the use of XBLR data and Altman Z scores to ensure the financial creditworthiness of the companies that want to sell invoices.
XBRL (eXtensible Business Reporting Language) is a global standard for the exchange of business information and is freely available to everyone. It is developed and published by XBRL International, Inc.
Published in 1968 by Edward I. Altman, the Z Score formula is a standard formula used in the global financial industry.
The formula provides three predictively important statements:
- the probability that a company will go bankrupt within two years
- whether an entity defaults or not
- a control measure for financial difficulties.