Populous is another peer – to – peer (P2P) platform that uses blockchain to provide small and medium – sized enterprises (SMEs) a more efficient way to participate in invoice financing.
The aim of this platform is to provide a more efficient and cost – effective way for small and medium sized enterprises (SMEs) to access invoice financing.
Contents
Where to Buy Populous (PPT)
You can purchase Populous from various cryptocurrency exchanges which include:
| Name | Payment Method | Available Fiat Currencies | Available Cryptocurrencies |
| BINANCE | Cryptocurrency | BTC, XRP, USDT, ETH, NEB, XVG, TRX, NEBL, ETH, NEO, FUN, ETC, BCC, POE, DASH, ELF, ICX, BNB, ZRX, APPC etc | |
| Mercatox | OKPay, PerfectMoney, Yandex Money, Payeer, QIWI, Cryptocurrency | USD, EUR, RUB | BTC, XRB, ETH, DCN, BCH, NIO, TRX, DASH, COB, DOGE, PRIX, DSR, XCPO, LTC, VERI, LOC, NUA, PKT, PPT, ICO etc |
| KuCoin | Cryptocurrency | BTC, BCH, KCS, DRGN, DBC, XRB, ETH, PRL, LTC, SNOV, DENT, RPX, QLC, NEO, UTK, BNTY, ACT, POE, UKG, LA, LEND, VEN etc |
A Step – by – Step Guide to Buying Populous
In order to buy Populous, you can follow the below mentioned guide:
Steps 1 – Create an account on a cryptocurrency exchange that allows you to trade PPT
Populous (PPT) can be traded with Bitcoin (BTC) or Ethereum (ETH). To sign up for your cryptocurrency trading account, you will have to provide your email address, create a password and may be your proof of identification. In order to ensure a high level of security, it is recommended that you set up two – factor authorisation
Step 2 – Deposit funds into your account
As only some of the exchanges allow directly depositing fiat currency, such as AUD, and only facilitating trading between cryptocurrencies. However, for this you will have to buy BTC or ETH first
Step 3 – Buying PPT
To trade PPT on the exchange, you are required to trade BTC or ETH first. The steps you need to follow will differ slightly depending on the exchange you choose
So, in case you are using Binance, you’ll have to click on your desired trading pair (such as PPT / BTC) and enter the number of PPT you want to buy. After that you can select market or limit price and click “Buy PPT”
How to Sell PPT
If you wish to sell off your PPT you can do so. Both selling and buying process are almost same. To sell, click on “Sell PPT” and follow the instructions given to you on your screen.
Also note that, cryptocurrency exchanges only offer a limited range of currency pairings, so you will usually have to exchange your PPT for another cryptocurrency (such as BTC or ETH) before you can then trade them for AUD if you wish.
Which are the Populous Compatible Wallets
Once you purchase PPT, you will need a wallet to store them. Also note that, PPT is an Ethereum – enabled wallet:
- MyEtherWallet
- Ledger Nano S
- MetaMask
- Parity
- Trezor
How Populous Works
Populous is a both trade and invoice finance platform built on the Ethereum blockchain. It hosts an invoice marketplace that connects invoice sellers with invoice buyers through auctions that use smart contracts
In case a business wants to sell an invoice on the platform, Populous implements the Altman Z – score formula on real – time extensible Business Reporting Language (XBRL) to evaluate invoices using its own credit rating system
Explain Populous Tokens
There are three types of Populous Tokens such as:
-
Pokens
Pokens are the populous platform’s internal currency and are attached to the equivalent amount of fiat currency.
-
PPT (Populous Platform Tokens)
PPT was distributed in the ICO and is used to invest in invoices. When you want to buy an invoice through the populous platform, your PPT are used as a security for the investment and exchanged for Pokens.
-
PXT Token
This token was introduced in November 2017. It will be used to purchase advanced features (such as credit reports) on the new Populous Data Platform.
Things to Ponder Over Before Buying PPT
If you wish to buy PPT, make sure that you’re well aware of the risks involved in trading cryptocurrency. Read below to know the important factors before investing in PPT:
- Supply
So far the total supply of PPT is 53, 252,246
- Use
You can use the populous platform if you are required to buy invoices. The greater the popularity and uptake of the platform, the greater the demand for the tokens will be
- Performance
To determine the possibility for the future growth of Populous, you should first examine the past performance of PPT. However, the past performance is not always a reliable indicator of future performance as well.
- Commercial Partnership
One should also regulate the financial news announcement for details of any commercial partnerships Populous has in the works.
- Future Plans
To get the better idea of the potential future developments in store for Populous, make sure to check out the company’s website as well.