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.
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Searched
5
Market Stats
Market Cap
$2.24M
2.88%
FDV
$2.24M
Circ. Supply
53M PPT
Max Supply
53M PPT
Total Supply
53M PPT
Diluted Valuation
$2.29M
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
$183.92
Volume (7D)
Not enough data
Volume (30D)
Not enough data
All time high
$76.49
Price Change (1Y)
-44.61%
Additional details
Market details
PPT vs markets
↘ 65.8%
PPT vs BTC
↘ 66.79%
PPT vs ETH
↘ 63.7%
Tags
logistics
Network & Addresses
Network | Address | |
---|---|---|
Ethereum | 0xd4fa1460F537bb9085d22C7bcCB5DD450Ef28e3a | |
Energi Network | 0x2483a716a4a5476da5e657be13a37cf62b608ab6 |
Price history
Time | Price | Change |
---|---|---|
Today | $0.0425 | ↗ 1.38% |
1 Day | $0.0419 | ↗ 1.38% |
1 Week | $0.0387 | ↗ 9.78% |
1 Month | $0.0621 | ↘ 31.56% |
1 Year | $0.0767 | ↘ 44.61% |
FAQ
Populous (PPT) is a network that aims to provide liquidity for up to 90 days to small and medium-sized enterprises (SMEs). Launched in 2017, Populous seeks to facilitate peer-to-peer (P2P) interaction between businesses, enhance liquidity, and address working capital issues for SMEs. By leveraging blockchain technology and smart contracts, Populous enables decentralized communication between businesses and allows them to share liquidity pools. The network's primary goal is to facilitate swift access to resources for enterprises, a task that is often challenging when waiting for customers to settle invoices.
Populous operates by introducing blockchain technology and smart contracts to the liquidity management of small and medium enterprises. This approach allows for peer-to-peer interaction between businesses, lenders, and invoice settlers. The platform is entirely decentralized, which means it charges significantly lower fees on liquidity loans and does not require intermediaries to facilitate the connection between lenders and borrowers. Populous also utilizes a second on-chain token called Poken, which is not tradeable on the market and is used to facilitate transactions on the blockchain.
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Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Social stats
Popularity in posts
#5213
Contributors
3
Posts
6
% About Populous
0.001%
Hold times
0 days
X (Twitter)
0% bullish
Sentiment
5.0 ★
Highlights
3 unique individuals are talking about Populous and it is ranked #5,213 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Populous has an average sentiment score of 5.0 out of 5. Finally, Populous is becoming less newsworthy, with 0 news articles published about Populous.
On Reddit, Populous was mentioned in 6 Reddit posts and there were 68 comments about Populous. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Legal
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.