Re: [ANN] POPULOUS - Invoice trading platform

Quote from: KufuT on February 20, 2018, 05:08:02 AM

Quote from: ecivfesrire on February 19, 2018, 07:09:05 PM

Update from Steve: you can only use ppt to buy invoices. Fiat is worthless.

Thats ridiculous. Lets say I am an investor who is willing to buy an invoice for %5 profit. I am already risking my money for this %5 profit. Do I also have to worry about PPT price? What if PPT price drops %15 percent? I will be losing %10

There is no such stupid investor around me. This type of business only works for guaranteed profits.

Same for seller side. I will be selling my invoice by giving up from %5 of it. I cannot afford losing %15 because PPT price dropped. I need my money in fiat.

Micro factoring = micro profit = micro risk

If Steve said that, thats also proof of how this system is not going to work.

You use the PPT tokens to buy pegged tokens pegged to the price of the pound. You then buy the invoice with the pegged tokens. Why don´t you do some research and then come back to this board again when you know what you are talking about.