[ANN] POPULOUS WORLD - Invoice trading platform - PPT

[_Django05_]

Invoices will be all countries. We will start with Europe first then Asia, US then Africa. We are counting the UK as a part of Europe for now.

Pm'ed you.
pls take a look at it. thanks.

[1715201809]

1715201809

[1715201809]

1715201809

[sabotag3x]

Hello devs, this link on OP don't work. (Twitter bounties)

" List of accepted participants - https://docs.google.com/spreadsheets/d/1Adt7WIvzd8W_6P1us2gli6Kq8ijTgtpFWtFO-3gwcf4/edit#gid=69107999 "

[CyberCombat]

Hi Populous World, i have become Sr. Member now, I just have updated  signature for the Sr. Member, please update your spreadsheet.

[Kaznachej123]

                                           Populous ICO added - ICOTRACKER.NET   https://icotracker.net/project/populous_platform                                                           
                                                              https://twitter.com/Kaznachej123/status/862221268543733763

                       

[Account Supplier]

I applied for signature campaign. I hope I'll get accepted

[killerjoegreece]

The Greek translation of the ann thread and the whitepaper was completed and posted on may 8


https://bitcointalk.org/index.php?topic=1907323.msg18925045#msg18925045



https://drive.google.com/file/d/0B_OM-wyiCxmRalhETndacndRYms/view?usp=sharing


Please add to op.

[evakka]

This looks an interesting project
I have joined signature campaign

Also, Greek translation is written excellent, good job killerjoegreece

Thanks

[rdurazzi]

WOW amazing coin!!! Maybe I should invest all my money on this! (Irony)

[ekin4]

WOW amazing coin!!! Maybe I should invest all my money on this! (Irony)

Good irony! Never put all your eggs in one basket.

Populous looks great project but I have some concerns about usability. I'll join ICO and hopefully it will be successful.

[James_H]

Some people are rejected and this means there is still a slot available. but form registration is closed ?

[puremage111]

Hello, just to clarify


For people who invested in the Populous ico

1) They will get pokens, in this case those who hold Pokens are considered as an investors as the funded amount is to lend to the borrower? is there dividends for holding?
2) In this case Pokens price will always be constant as invested $0.20 get you 1 pokens, the $0.20 will go towards the borrower until he return?
3) Does borrower need to pay more for invoice he sell?
4) If he sell the his invoice through Populous, he will get the funds direct [$$] or pokens that he neeed to sell on exchange?


I am confusing now damn xd

[Populous World]

Hello, just to clarify


For people who invested in the Populous ico

1) They will get pokens, in this case those who hold Pokens are considered as an investors as the funded amount is to lend to the borrower? is there dividends for holding?
2) In this case Pokens price will always be constant as invested $0.20 get you 1 pokens, the $0.20 will go towards the borrower until he return?
3) Does borrower need to pay more for invoice he sell?
4) If he sell the his invoice through Populous, he will get the funds direct [$$] or pokens that he neeed to sell on exchange?


I am confusing now damn xd

Hi, hope I can make things a little clearer.

So Pokens are not the same as ICO tokens. ICO tokens are called Populous Platform Tokens 'PPT'.
Pokens are the flow of funds within the Populous Platform and are issued only to investors on the Platform who wish to trade invoices.

1) Investors will get PPT in exchange for their investment.
2)Poken prices will always be the same as their fiat currency equivalent. Populous Platform Token 'PPT' on the other hand will over time increase in value.

3) Borrowers or invoice sellers sell their invoices at a discount depending on the risk credit rating calculated. So an invoice may be worth $1000 and the borrower may sell it for 10% less of it's value which is $900. This will rewarded the investor(s) with a profit of $100.

4) If the borrower/invoice seller sells his invoices through Populous, they will receive Pokens from the sale which they can send to us and we will transfer them fiat currency equivalent or they can keep the Pokens and do what they want with them. The invoice seller can transfer Pokens outside the platform to his/her wallet or sell even sell on other exchanges. Pokens are worth the same as the fiat currency the inovice was sold in.  

[BestWebCreator]

Hello, just to clarify


For people who invested in the Populous ico

1) They will get pokens, in this case those who hold Pokens are considered as an investors as the funded amount is to lend to the borrower? is there dividends for holding?
2) In this case Pokens price will always be constant as invested $0.20 get you 1 pokens, the $0.20 will go towards the borrower until he return?
3) Does borrower need to pay more for invoice he sell?
4) If he sell the his invoice through Populous, he will get the funds direct [$$] or pokens that he neeed to sell on exchange?


I am confusing now damn xd

Hi, hope I can make things a little clearer.

So Pokens are not the same as ICO tokens. ICO tokens are called Populous Platform Tokens 'PPT'.
Pokens are the flow of funds within the Populous Platform and are issued only to investors on the Platform who wish to trade invoices.

1) Investors will get PPT in exchange for their investment.
2)Poken prices will always be the same as their fiat currency equivalent. Populous Platform Token 'PPT' on the other hand will over time increase in value.

3) Borrowers or invoice sellers sell their invoices at a discount depending on the risk credit rating calculated. So an invoice may be worth $1000 and the borrower may sell it for 10% less of it's value which is $900. This will rewarded the invested with $100 profit.

4) If the borrower/invoice seller sells his invoices through Populous, they will receive Pokens from the sale which they can send to us and we will transfer them fiat currency equivalent or they can keep the Pokens and do what they want with them. The invoice seller can transfer Pokens outside the platform to his/her wallet or sell even sell on other exchanges. Pokens are worth the same as the fiat currency the inovice was sold in. 

I have a question about #3: why would someone sell his so called invoice 10% below the market rate? This would mean that the demand is lower than the offered invoices, which leads to a dropping price, but I guess u want to have the opposite effect..

[Populous World]

Hello, just to clarify


For people who invested in the Populous ico

1) They will get pokens, in this case those who hold Pokens are considered as an investors as the funded amount is to lend to the borrower? is there dividends for holding?
2) In this case Pokens price will always be constant as invested $0.20 get you 1 pokens, the $0.20 will go towards the borrower until he return?
3) Does borrower need to pay more for invoice he sell?
4) If he sell the his invoice through Populous, he will get the funds direct [$$] or pokens that he neeed to sell on exchange?


I am confusing now damn xd

Hi, hope I can make things a little clearer.

So Pokens are not the same as ICO tokens. ICO tokens are called Populous Platform Tokens 'PPT'.
Pokens are the flow of funds within the Populous Platform and are issued only to investors on the Platform who wish to trade invoices.

1) Investors will get PPT in exchange for their investment.
2)Poken prices will always be the same as their fiat currency equivalent. Populous Platform Token 'PPT' on the other hand will over time increase in value.

3) Borrowers or invoice sellers sell their invoices at a discount depending on the risk credit rating calculated. So an invoice may be worth $1000 and the borrower may sell it for 10% less of it's value which is $900. This will rewarded the invested with $100 profit.

4) If the borrower/invoice seller sells his invoices through Populous, they will receive Pokens from the sale which they can send to us and we will transfer them fiat currency equivalent or they can keep the Pokens and do what they want with them. The invoice seller can transfer Pokens outside the platform to his/her wallet or sell even sell on other exchanges. Pokens are worth the same as the fiat currency the inovice was sold in.  

I have a question about #3: why would someone sell his so called invoice 10% below the market rate? This would mean that the demand is lower than the offered invoices, which leads to a dropping price, but I guess u want to have the opposite effect..

3) I gave an example of the percentage the borrower would sell his/her invoice for. This could be anything from 2% up to 10%. The reason being for the change in percentage for each invoice seller invoices would depend on the borrower/invoice sellers customer who they issued the invoice to. In some cases the invoice sellers customer may be an higher risk than others, therefore the higher the cost to finance the invoice. Invoices sold generally at lower than market rate by the borrower is because the borrower does not want to wait 30 - 90 days to before their customer actually pays the invoice. So this way the investor buys the invoice at a discount.

[BestWebCreator]

Hello, just to clarify


For people who invested in the Populous ico

1) They will get pokens, in this case those who hold Pokens are considered as an investors as the funded amount is to lend to the borrower? is there dividends for holding?
2) In this case Pokens price will always be constant as invested $0.20 get you 1 pokens, the $0.20 will go towards the borrower until he return?
3) Does borrower need to pay more for invoice he sell?
4) If he sell the his invoice through Populous, he will get the funds direct [$$] or pokens that he neeed to sell on exchange?


I am confusing now damn xd

Hi, hope I can make things a little clearer.

So Pokens are not the same as ICO tokens. ICO tokens are called Populous Platform Tokens 'PPT'.
Pokens are the flow of funds within the Populous Platform and are issued only to investors on the Platform who wish to trade invoices.

1) Investors will get PPT in exchange for their investment.
2)Poken prices will always be the same as their fiat currency equivalent. Populous Platform Token 'PPT' on the other hand will over time increase in value.

3) Borrowers or invoice sellers sell their invoices at a discount depending on the risk credit rating calculated. So an invoice may be worth $1000 and the borrower may sell it for 10% less of it's value which is $900. This will rewarded the invested with $100 profit.

4) If the borrower/invoice seller sells his invoices through Populous, they will receive Pokens from the sale which they can send to us and we will transfer them fiat currency equivalent or they can keep the Pokens and do what they want with them. The invoice seller can transfer Pokens outside the platform to his/her wallet or sell even sell on other exchanges. Pokens are worth the same as the fiat currency the inovice was sold in.  

I have a question about #3: why would someone sell his so called invoice 10% below the market rate? This would mean that the demand is lower than the offered invoices, which leads to a dropping price, but I guess u want to have the opposite effect..

3) I gave an example of the percentage the borrower would sell his/her invoice for. This could be anything from 2% up to 10%. The reason being for the change in percentage for each invoice seller invoices would depend on the borrower/invoice sellers customer who they issued the invoice to. In some cases the invoice sellers customer may be an higher risk than others, therefore the higher the cost to finance the invoice. Invoices sold generally at lower than market rate by the borrower is because the borrower does not want to wait 30 - 90 days to before their customer actually pays the invoice. So this way the investor buys the invoice at a discount.

So because the risk is higher of some invoices, it means the costs are higher of those? What gives the invoice holder the guarantee that the debt will be paid after the end of the term of the invoice?

[Populous World]

Hello, just to clarify


For people who invested in the Populous ico

1) They will get pokens, in this case those who hold Pokens are considered as an investors as the funded amount is to lend to the borrower? is there dividends for holding?
2) In this case Pokens price will always be constant as invested $0.20 get you 1 pokens, the $0.20 will go towards the borrower until he return?
3) Does borrower need to pay more for invoice he sell?
4) If he sell the his invoice through Populous, he will get the funds direct [$$] or pokens that he neeed to sell on exchange?


I am confusing now damn xd

Hi, hope I can make things a little clearer.

So Pokens are not the same as ICO tokens. ICO tokens are called Populous Platform Tokens 'PPT'.
Pokens are the flow of funds within the Populous Platform and are issued only to investors on the Platform who wish to trade invoices.

1) Investors will get PPT in exchange for their investment.
2)Poken prices will always be the same as their fiat currency equivalent. Populous Platform Token 'PPT' on the other hand will over time increase in value.

3) Borrowers or invoice sellers sell their invoices at a discount depending on the risk credit rating calculated. So an invoice may be worth $1000 and the borrower may sell it for 10% less of it's value which is $900. This will rewarded the invested with $100 profit.

4) If the borrower/invoice seller sells his invoices through Populous, they will receive Pokens from the sale which they can send to us and we will transfer them fiat currency equivalent or they can keep the Pokens and do what they want with them. The invoice seller can transfer Pokens outside the platform to his/her wallet or sell even sell on other exchanges. Pokens are worth the same as the fiat currency the inovice was sold in.  

I have a question about #3: why would someone sell his so called invoice 10% below the market rate? This would mean that the demand is lower than the offered invoices, which leads to a dropping price, but I guess u want to have the opposite effect..

3) I gave an example of the percentage the borrower would sell his/her invoice for. This could be anything from 2% up to 10%. The reason being for the change in percentage for each invoice seller invoices would depend on the borrower/invoice sellers customer who they issued the invoice to. In some cases the invoice sellers customer may be an higher risk than others, therefore the higher the cost to finance the invoice. Invoices sold generally at lower than market rate by the borrower is because the borrower does not want to wait 30 - 90 days to before their customer actually pays the invoice. So this way the investor buys the invoice at a discount.

So because the risk is higher of some invoices, it means the costs are higher of those? What gives the invoice holder the guarantee that the debt will be paid after the end of the term of the invoice?

To offset the risk of default for any invoice sold by a invoice seller, There are three main things we do but this is on cases by case basis.

1) Credit insurance: Which is for large invoice amounts.
2) Charge on the invoice sellers company. Which is often known as a debenture registered a against the invoice sellers company.
3) Directors personal guarantee.

By taking out  an credit insurance the insurance company basically says they will cover the value of the invoice if the invoice sellers customer does not pay. A debenture will allow the assets of the invoice sellers company to be legal taken to settle the debt should the invoice not be paid. Directors personal guarantee would allow recovery of the debt in a worst case scenario by selling property of the invoice seller, such as his or her house.

These are used as recovery options and which are installed in the process of risk management of the invoice sale. Prior to that we carry our a full check on both the invoice seller and their customer in order to not get to the stage in which there would be a default.

We will be issuing a document soon on our website which will basically cover what I am talking about today in more detail.

[BestWebCreator]

Hello, just to clarify


For people who invested in the Populous ico

1) They will get pokens, in this case those who hold Pokens are considered as an investors as the funded amount is to lend to the borrower? is there dividends for holding?
2) In this case Pokens price will always be constant as invested $0.20 get you 1 pokens, the $0.20 will go towards the borrower until he return?
3) Does borrower need to pay more for invoice he sell?
4) If he sell the his invoice through Populous, he will get the funds direct [$$] or pokens that he neeed to sell on exchange?


I am confusing now damn xd

Hi, hope I can make things a little clearer.

So Pokens are not the same as ICO tokens. ICO tokens are called Populous Platform Tokens 'PPT'.
Pokens are the flow of funds within the Populous Platform and are issued only to investors on the Platform who wish to trade invoices.

1) Investors will get PPT in exchange for their investment.
2)Poken prices will always be the same as their fiat currency equivalent. Populous Platform Token 'PPT' on the other hand will over time increase in value.

3) Borrowers or invoice sellers sell their invoices at a discount depending on the risk credit rating calculated. So an invoice may be worth $1000 and the borrower may sell it for 10% less of it's value which is $900. This will rewarded the invested with $100 profit.

4) If the borrower/invoice seller sells his invoices through Populous, they will receive Pokens from the sale which they can send to us and we will transfer them fiat currency equivalent or they can keep the Pokens and do what they want with them. The invoice seller can transfer Pokens outside the platform to his/her wallet or sell even sell on other exchanges. Pokens are worth the same as the fiat currency the inovice was sold in.  

I have a question about #3: why would someone sell his so called invoice 10% below the market rate? This would mean that the demand is lower than the offered invoices, which leads to a dropping price, but I guess u want to have the opposite effect..

3) I gave an example of the percentage the borrower would sell his/her invoice for. This could be anything from 2% up to 10%. The reason being for the change in percentage for each invoice seller invoices would depend on the borrower/invoice sellers customer who they issued the invoice to. In some cases the invoice sellers customer may be an higher risk than others, therefore the higher the cost to finance the invoice. Invoices sold generally at lower than market rate by the borrower is because the borrower does not want to wait 30 - 90 days to before their customer actually pays the invoice. So this way the investor buys the invoice at a discount.

So because the risk is higher of some invoices, it means the costs are higher of those? What gives the invoice holder the guarantee that the debt will be paid after the end of the term of the invoice?

To offset the risk of default for any invoice sold by a invoice seller, There are three main things we do but this is on cases by case basis.

1) Credit insurance: Which is for large invoice amounts.
2) Charge on the invoice sellers company. Which is often known as a debenture registered a against the invoice sellers company.
3) Directors personal guarantee.

By taking out  an credit insurance the insurance company basically says they will cover the value of the invoice if the invoice sellers customer those not pay. Debenture will allow the assets of the invoice sellers company to be legal taken to settle the debt should the invoice not be paid. Directors personal guarantee would allow us to recover the debt in worst cases by selling property of the invoice seller, such as his or her house.

These are used as recovery options and which are installed in the process of risk management of the invoice sale. Prior to that we carry our a full check on both the invoice seller and their customer in order to not get to the stage in which there would be a default.

We will be issuing a document soon on our website which will basically cover what I am talking about today in more detail.

So in order to get a 'loan', you need to upload your ID and such so when you don't repay, someone will come to your house and claim the debt that is remaining? If that is the case, wouldn't that cost alot of money and require alot of agencies in all different countries.

[Populous World]

Hello, just to clarify


For people who invested in the Populous ico

1) They will get pokens, in this case those who hold Pokens are considered as an investors as the funded amount is to lend to the borrower? is there dividends for holding?
2) In this case Pokens price will always be constant as invested $0.20 get you 1 pokens, the $0.20 will go towards the borrower until he return?
3) Does borrower need to pay more for invoice he sell?
4) If he sell the his invoice through Populous, he will get the funds direct [$$] or pokens that he neeed to sell on exchange?


I am confusing now damn xd

Hi, hope I can make things a little clearer.

So Pokens are not the same as ICO tokens. ICO tokens are called Populous Platform Tokens 'PPT'.
Pokens are the flow of funds within the Populous Platform and are issued only to investors on the Platform who wish to trade invoices.

1) Investors will get PPT in exchange for their investment.
2)Poken prices will always be the same as their fiat currency equivalent. Populous Platform Token 'PPT' on the other hand will over time increase in value.

3) Borrowers or invoice sellers sell their invoices at a discount depending on the risk credit rating calculated. So an invoice may be worth $1000 and the borrower may sell it for 10% less of it's value which is $900. This will rewarded the invested with $100 profit.

4) If the borrower/invoice seller sells his invoices through Populous, they will receive Pokens from the sale which they can send to us and we will transfer them fiat currency equivalent or they can keep the Pokens and do what they want with them. The invoice seller can transfer Pokens outside the platform to his/her wallet or sell even sell on other exchanges. Pokens are worth the same as the fiat currency the inovice was sold in.  

I have a question about #3: why would someone sell his so called invoice 10% below the market rate? This would mean that the demand is lower than the offered invoices, which leads to a dropping price, but I guess u want to have the opposite effect..

3) I gave an example of the percentage the borrower would sell his/her invoice for. This could be anything from 2% up to 10%. The reason being for the change in percentage for each invoice seller invoices would depend on the borrower/invoice sellers customer who they issued the invoice to. In some cases the invoice sellers customer may be an higher risk than others, therefore the higher the cost to finance the invoice. Invoices sold generally at lower than market rate by the borrower is because the borrower does not want to wait 30 - 90 days to before their customer actually pays the invoice. So this way the investor buys the invoice at a discount.

So because the risk is higher of some invoices, it means the costs are higher of those? What gives the invoice holder the guarantee that the debt will be paid after the end of the term of the invoice?

To offset the risk of default for any invoice sold by a invoice seller, There are three main things we do but this is on cases by case basis.

1) Credit insurance: Which is for large invoice amounts.
2) Charge on the invoice sellers company. Which is often known as a debenture registered a against the invoice sellers company.
3) Directors personal guarantee.

By taking out  an credit insurance the insurance company basically says they will cover the value of the invoice if the invoice sellers customer those not pay. Debenture will allow the assets of the invoice sellers company to be legal taken to settle the debt should the invoice not be paid. Directors personal guarantee would allow us to recover the debt in worst cases by selling property of the invoice seller, such as his or her house.

These are used as recovery options and which are installed in the process of risk management of the invoice sale. Prior to that we carry our a full check on both the invoice seller and their customer in order to not get to the stage in which there would be a default.

We will be issuing a document soon on our website which will basically cover what I am talking about today in more detail.

So in order to get a 'loan', you need to upload your ID and such so when you don't repay, someone will come to your house and claim the debt that is remaining? If that is the case, wouldn't that cost alot of money and require alot of agencies in all different countries.

This is exactly why we have built Populous. Populous automates the process to an high degree and provides a more detailed approach to invoice trading, we have built an XBRL system that allows us to take deeper a deeper look into company risk and relationships and the industry as a whole. With a combination of other data sets we use, we can determine 100% who the borrower says they are. All this is done in house using advanced predictive analytics and human intervention. the cost to others who rely on a third party approach would be high but is not usually in the invoice finance industry.

[BestWebCreator]

Hello, just to clarify


For people who invested in the Populous ico

1) They will get pokens, in this case those who hold Pokens are considered as an investors as the funded amount is to lend to the borrower? is there dividends for holding?
2) In this case Pokens price will always be constant as invested $0.20 get you 1 pokens, the $0.20 will go towards the borrower until he return?
3) Does borrower need to pay more for invoice he sell?
4) If he sell the his invoice through Populous, he will get the funds direct [$$] or pokens that he neeed to sell on exchange?


I am confusing now damn xd

Hi, hope I can make things a little clearer.

So Pokens are not the same as ICO tokens. ICO tokens are called Populous Platform Tokens 'PPT'.
Pokens are the flow of funds within the Populous Platform and are issued only to investors on the Platform who wish to trade invoices.

1) Investors will get PPT in exchange for their investment.
2)Poken prices will always be the same as their fiat currency equivalent. Populous Platform Token 'PPT' on the other hand will over time increase in value.

3) Borrowers or invoice sellers sell their invoices at a discount depending on the risk credit rating calculated. So an invoice may be worth $1000 and the borrower may sell it for 10% less of it's value which is $900. This will rewarded the invested with $100 profit.

4) If the borrower/invoice seller sells his invoices through Populous, they will receive Pokens from the sale which they can send to us and we will transfer them fiat currency equivalent or they can keep the Pokens and do what they want with them. The invoice seller can transfer Pokens outside the platform to his/her wallet or sell even sell on other exchanges. Pokens are worth the same as the fiat currency the inovice was sold in. 

I have a question about #3: why would someone sell his so called invoice 10% below the market rate? This would mean that the demand is lower than the offered invoices, which leads to a dropping price, but I guess u want to have the opposite effect..

3) I gave an example of the percentage the borrower would sell his/her invoice for. This could be anything from 2% up to 10%. The reason being for the change in percentage for each invoice seller invoices would depend on the borrower/invoice sellers customer who they issued the invoice to. In some cases the invoice sellers customer may be an higher risk than others, therefore the higher the cost to finance the invoice. Invoices sold generally at lower than market rate by the borrower is because the borrower does not want to wait 30 - 90 days to before their customer actually pays the invoice. So this way the investor buys the invoice at a discount.

So because the risk is higher of some invoices, it means the costs are higher of those? What gives the invoice holder the guarantee that the debt will be paid after the end of the term of the invoice?

To offset the risk of default for any invoice sold by a invoice seller, There are three main things we do but this is on cases by case basis.

1) Credit insurance: Which is for large invoice amounts.
2) Charge on the invoice sellers company. Which is often known as a debenture registered a against the invoice sellers company.
3) Directors personal guarantee.

By taking out  an credit insurance the insurance company basically says they will cover the value of the invoice if the invoice sellers customer those not pay. Debenture will allow the assets of the invoice sellers company to be legal taken to settle the debt should the invoice not be paid. Directors personal guarantee would allow us to recover the debt in worst cases by selling property of the invoice seller, such as his or her house.

These are used as recovery options and which are installed in the process of risk management of the invoice sale. Prior to that we carry our a full check on both the invoice seller and their customer in order to not get to the stage in which there would be a default.

We will be issuing a document soon on our website which will basically cover what I am talking about today in more detail.

So in order to get a 'loan', you need to upload your ID and such so when you don't repay, someone will come to your house and claim the debt that is remaining? If that is the case, wouldn't that cost alot of money and require alot of agencies in all different countries.

This is exactly why we have built Populous. Populous automates the process to an high degree and provides a more detailed approach to invoice trading, we have built an XBRL system that allows us to take deeper a deeper look into company risk and relationships and the industry as a whole. With a combination of other data sets we use, we can determine 100% who the borrower says they are. All this is done in house using advanced predictive analytics and human intervention. the cost to others who rely on a third party approach would be high but is not usually in the invoice finance industry.

Thank you for the answer, now I understand what this project is about. It seems to have a good purpose and I think I will be investing in the ICO, the idea is interesting and your support here is great

[Populous World]

Hello, just to clarify


For people who invested in the Populous ico

1) They will get pokens, in this case those who hold Pokens are considered as an investors as the funded amount is to lend to the borrower? is there dividends for holding?
2) In this case Pokens price will always be constant as invested $0.20 get you 1 pokens, the $0.20 will go towards the borrower until he return?
3) Does borrower need to pay more for invoice he sell?
4) If he sell the his invoice through Populous, he will get the funds direct [$$] or pokens that he neeed to sell on exchange?


I am confusing now damn xd

Hi, hope I can make things a little clearer.

So Pokens are not the same as ICO tokens. ICO tokens are called Populous Platform Tokens 'PPT'.
Pokens are the flow of funds within the Populous Platform and are issued only to investors on the Platform who wish to trade invoices.

1) Investors will get PPT in exchange for their investment.
2)Poken prices will always be the same as their fiat currency equivalent. Populous Platform Token 'PPT' on the other hand will over time increase in value.

3) Borrowers or invoice sellers sell their invoices at a discount depending on the risk credit rating calculated. So an invoice may be worth $1000 and the borrower may sell it for 10% less of it's value which is $900. This will rewarded the invested with $100 profit.

4) If the borrower/invoice seller sells his invoices through Populous, they will receive Pokens from the sale which they can send to us and we will transfer them fiat currency equivalent or they can keep the Pokens and do what they want with them. The invoice seller can transfer Pokens outside the platform to his/her wallet or sell even sell on other exchanges. Pokens are worth the same as the fiat currency the inovice was sold in.  

I have a question about #3: why would someone sell his so called invoice 10% below the market rate? This would mean that the demand is lower than the offered invoices, which leads to a dropping price, but I guess u want to have the opposite effect..

3) I gave an example of the percentage the borrower would sell his/her invoice for. This could be anything from 2% up to 10%. The reason being for the change in percentage for each invoice seller invoices would depend on the borrower/invoice sellers customer who they issued the invoice to. In some cases the invoice sellers customer may be an higher risk than others, therefore the higher the cost to finance the invoice. Invoices sold generally at lower than market rate by the borrower is because the borrower does not want to wait 30 - 90 days to before their customer actually pays the invoice. So this way the investor buys the invoice at a discount.

So because the risk is higher of some invoices, it means the costs are higher of those? What gives the invoice holder the guarantee that the debt will be paid after the end of the term of the invoice?

To offset the risk of default for any invoice sold by a invoice seller, There are three main things we do but this is on cases by case basis.

1) Credit insurance: Which is for large invoice amounts.
2) Charge on the invoice sellers company. Which is often known as a debenture registered a against the invoice sellers company.
3) Directors personal guarantee.

By taking out  an credit insurance the insurance company basically says they will cover the value of the invoice if the invoice sellers customer those not pay. Debenture will allow the assets of the invoice sellers company to be legal taken to settle the debt should the invoice not be paid. Directors personal guarantee would allow us to recover the debt in worst cases by selling property of the invoice seller, such as his or her house.

These are used as recovery options and which are installed in the process of risk management of the invoice sale. Prior to that we carry our a full check on both the invoice seller and their customer in order to not get to the stage in which there would be a default.

We will be issuing a document soon on our website which will basically cover what I am talking about today in more detail.

So in order to get a 'loan', you need to upload your ID and such so when you don't repay, someone will come to your house and claim the debt that is remaining? If that is the case, wouldn't that cost alot of money and require alot of agencies in all different countries.

Thanks and we appreciate your questions and feedback, should you need more answers to anything, feel free to join our Telegram group: @populous.