Post
Topic
Board Announcements (Altcoins)
Re: [ANN] POPULOUS - Invoice trading platform | ICO l BOUNTY CAMPAIGN
by
octain
on 21/02/2018, 10:28:44 UTC
hey!, where bagging populous here. Ill go bag hive in their own forum.

So.... ive had a look and as expected it was the late then uncompleted beta which has killed this coin.

NOT FUDSTERS.

Just letting the kids at home know, a beta release should be fully working and operational with just bugs to iron out. OPerational meaning can accept invoices, can credit risk score, can be factored.

I feel that if they don't release final proper beta this month this coin is done for , maybe people hold on a bit longer mid marchish maybe not.

you guys only have a few days to make this happen. This coin will get dumped to nothing.


Further to this and i got to admit i dont fully understand it, but have read the white paper. I understand you put in your ppt which is exchaged for pokens to the invoice buyer. Then I believe the invoice buyer can exchange pokens to fiat.

What happens if i as PPT holder Factor to myself. So I can hold the fiat. If the price of PPT goes up I can exchange the fiat back to myself with profits and cop the fee from populous. HOWEVER, if the price of PPT goes down . I can not exchange the tokens take the money and purchase more PPT at a cheaper price and populous are on hook for the contract which i just delfault on. As the invoice buyer obviously your not going to kick up a fuss as you gained yourself. This is all given that no invoices are checked at populous. This is too simple and im sure they have a solution but I didn't read about it in the whitepaper thats all.