Populous to Launch Initial Coin Offeringbr>
Populous, an ethereum-based invoice and trade finance platform, has announced it will launch its initial coin offering (ICO) on July 16.
Populous uses smart contracts, XBRL data and pegged stable tokens to create an environment for investors and invoice sellers to trade invoices from all around over the world on the blockchain. The company 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.
The company said its long-term vision 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.
“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,” said Populous founder Stephen Williams. “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.”