London, UK – April 26, 2017 – Populous has announced it will launch its initial coin offering ‘ICO’ on July 16, 2017 at 16:00 UTC.
Populous is an Ethereum-based invoice and trade finance platform. Populous uses smart contracts, XBRL data and pegged stable tokens to create a unique trading environment for investors and invoice sellers to trade invoices from all around over the world on the blockchain. The platform plans to issue Populous Platform Tokens ‘PPT’ which are asset tokens designed to reward subscribers of the Populous ICO with a share of profit generated from the platform’s fees and services.
Stephen Williams, the founder of Populous Platform explains that:
“Populous will be the first invoice and trade finance platform to use Ethereum and Bitcoin blockchain technology to deliver a global solution to the late payment problem faced by millions of SME’s from all over the world.”
Williams goes further on to say that:
“We are not only opening up invoice finance to businesses all around the world but also creating investment opportunities for investors anywhere who wish to invest in invoices, starting from as little as $100 in return earning up to 4-5% profit every 30 -90 days.”
The long-term vision of the Populous Platform is to create the next generation global financial marketplace on the blockchain using Big Data, AI and Machine Learning technology to fully automate the asset based lending process.
Data is now playing a key role in decision making in all aspects of finance and with the technology the Populous team have developed, the team believe they are in a prime position to deliver a global industry-wide system that will make relying on credit reference agencies, yearly annual accounts submissions and third party data vendors a thing of the past.
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