Quote from: jahigrant on September 22, 2017, 11:43:56 PM

Quote from: wtf777 on September 22, 2017, 06:16:36 PM

Quote from: Populous World on September 20, 2017, 02:49:24 PM

Hi everyone, Just letting you that we making good progress on the beta.

Hi Populous World. Thank you for all your efforts!!

I hold several thousand ppt tokens and I just read your business plan. With the price of the ppt tokens under pressure lately and falling towards new lows, it would be very helpful for myself and all the members of the ppt community to have a reason to hold our current ppt and better yet, a reason to buy more. If you would be kind enough to explain in greater detail these few questions, which I feel were not well addressed in the business plan...thanks in advance:

1. How can the PPT token be used on the platform to generate a passive income for the PPT owner?

2. How are the PPT tokens protected from loss once they are loaded into the platform?

3. Will the platform allow the purchase of invoices with fiat currency? If so, then why should we hold PPT?

Maybe you are still figuring some of these things out? If so please give us your best current understanding.

Cheers!!

1. The PPT operates, via smart contract, with collateral & leveraging functions interacting with the platform to finance invoices, the financier receives returns in Poken(ERC-20 token pegged to Fiat , initially GPB £), at a variable rate, determinable by individual invoice and seller factors, furthermore a majority of jurisdictions charge CGT(capital gains tax) when one converts an increased in value asset(PPT/Poken) to Fiat currency, prudentially asset to asset does not incur such levies.

2. PPT held in escrow on the platform are protected securely by smart contract(security audited to high standard), in addition three methods are enacted to recover any default either from the invoice seller or respective customer, those three forms of security are;

credit insurance
director guarantee
debenture

3. Yes, Fiat in tandem to PPT will be used to finance invoices, please refer to answer 1 as to why one should hold PPT over Fiat.

4. We have targeted Populous, currently, at the invoice financing industry, fundamentally to revolutionise the unregulated trading environment set amongst the restrictive preclusion of the invoice finance sector. Further industries that bode well for P2P lending will be vastly more amiable to an organisation with solid foundations built upon invoice financing.

Thank you for your answers. First, Invoice Financing, then the world!!!