About Populous
Populous is a peer-to-peer invoice platform founded in 2017 at a high point in the blockchain and cryptocurrency craze. It makes use of blockchain's distributed ledger technology to provide a global trading platform for invoice financing. According to the Populous website, "invoice finance is a form of funding that instantly unlocks the cash tied up in outstanding sales invoices. Business owners allow invoice buyers to buy invoices at a discounted rate in order to unlock their cash quicker. Once invoices are paid by the invoice debtor, the invoice buyer receives the amount previously agreed upon." In order to offer funds to invoice sellers, Populous maintains a Liquidity Pool. This is tied in with the Populous cryptocurrency (PPT). An investor securitizes PPT by making an initial purchase. PPT is then held in escrow as collateral throughout the process. Transactions between invoice buyers and sellers take place with Pokens, exchanged for PPT and used as the currency for buying and selling invoices, either drawing from or contributing to the Liquidity Pool in the process. As a result of this built-in liquidity component, Populous at this point requires no transaction fees. In fact, the only fees levied are those associated with late payments. Populous invoice transactions can cover a huge array of industries, including many which are not typically available to traditional financing companies. The PPT tokens not released during the ICO were retained by the founding and development team. PPT can either be held or used as collateral to invest in Populous invoices. In exchange for collateralizing, you’re given an amount of Pokens based on a percentage of market value. Currently it’s the lesser of 50%, or a 30 day market average. These are automatically used to purchase an invoice. If the invoice is repaid, you receive both your PPT investment and Pokens profit.
Trading Insights
Searched
3
Market Stats
Market Cap
Not enough data
-4.94%
FDV
£2.37M
Circ. Supply
53M PPT
Max Supply
53M PPT
Total Supply
53M PPT
Diluted Valuation
£2.38M
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
Not enough data
-0.61%
Volume (7D)
£1.52K
Volume (30D)
£5.28K
All time high
£76.49
Price Change (1Y)
419.4%
Past performance is not a reliable indicator of future results. Learn more about asset risks.
Additional details
Recent trends
The price of Populous has decreased by 4.15% in the last hour and decreased by 4.19% in the past 24 hours. Populous’s price has also risen by 4.31% in the past week. The current price is £0.0446 per PPT with a 24-hour trading volume of £0.00. Currently, Populous is valued at 99.94% below its all time high of £76.49. This all-time high was the highest price paid for Populous since its launch.
The current circulating supply of Populous is 53,252,245.994 PPT which means that Populous has as total market cap of £0.00.
Market details
PPT vs markets
↗ 204.87%
PPT vs BTC
↗ 187.6%
PPT vs ETH
↗ 398.48%
Tags
logistics
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0xd4fa1460F537bb9085d22C7bcCB5DD450Ef28e3a | |
Energi Network | 0x2483a716a4a5476da5e657be13a37cf62b608ab6 |
Price history
Time | Price | Change |
|---|---|---|
Today | £0.0446 | ↘ 4.19% |
1 Day | £0.0466 | ↘ 4.19% |
1 Week | £0.0423 | ↗ 4.31% |
1 Month | £0.0475 | ↘ 6.21% |
1 Year | £0.0089 | ↗ 419.40% |
Past performance is not a reliable indicator of future results. Learn more about asset risks.
FAQ
Populous (PPT) is a platform that allows safe and secure cryptocurrency trading to users. The platform aims to offer secure financial transactions so that users are able to attain loans without facing hassles.
Applying for a business loan has been a difficult task for small and medium enterprises as the centralized banking institution requires time and several documents before issuing a loan to the user. Thus, Populous was developed to offer decentralized financial solutions to the users.
The platform uses smart contract features to initiate efficiency and reduced the risk of fraud in the system. Smart contracts are just like regular contracts however, instead of being drafted on paper, these contracts run in the form of protocols on the blockchain.
There are three actors within the system that is the administrator, the borrower, and the investor. The administrator approves and manages the interest of clients and their accounts. The borrower trades their business invoice on the platform to attain an instant loan. The investors bid on the auctioned invoices listed by the borrower on the platform. The investors bid on the invoice through which an instant loan is provided to the borrower against their invoice. In return, at maturity, the value of the invoice is transferred to the investor’s wallet through Populous. However, both borrower and investor can operate on the platform once the KYC process is completed.
The platform also provides a feature named PopEX, which aims at offering Populous World Exchange to the users with no maker fee, advanced API (Application Programming Interface) and digital custody of the assets. PopEX aims to bring traditional finance and crypto trading under a single roof. The Populous Invoice Program (PIP) of trading invoices is also incorporated in the PopEX platform. Additionally, the ecosystem introduced PopDeFi as an open-source and non-custodial system enabling users to earn interest on deposits while borrowing crypto assets.
According to the whitepaper, PPT is the native utility token available on the platform. The token is based on ERC20 standards used by participants in attaining access to the auction and banking facility of Populous. Along with this, the platform also offers a Populous stable coin backed up by GBP (British Pound Sterling) which means one GBP is equivalent to one Populous GBP token. The network offers lower trading fees rewards to the users for holding the Populous tokens for the longer term.
We update our Populous to GBP currency in real-time. Get the live price of Populous on Coinbase.
The current market cap of Populous is £0.00. A high market cap implies that the asset is highly valued by the market.
The all-time high of Populous is £76.49. This all-time high is highest price paid for Populous since it was launched.
Over the last 24 hours, the trading volume of Populous is £0.00.
Assets that have a similar market cap to Populous include Bitboard, Wownero, USD Coin (Wormhole), and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Populous is 53 million.
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Legal
This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.
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