[ANN] POPULOUS WORLD - Invoice trading platform - PPT

[finvestor]

Hi,

Populous is invoice trading platform, like finance provider connecting borrowers and lenders.
Hive is like risk profile creator for the use of other market participants, and they use raised capital to test their risk scoring system. It is more like SaaS, not financing arm.

[finvestor]

How is popolous different than Hive-project? 

could i get some constructive and good answers please

Similar but worse. Hive paid their blog bounties but Populous didn't and scammed hard worked users.

Are you saying they are scam, or they skipped bounty participants (which is also a bit scam)?

[RAGEmond]

How is popolous different than Hive-project? 

could i get some constructive and good answers please

Similar but worse. Hive paid their blog bounties but Populous didn't and scammed hard worked users.

Are you saying they are scam, or they skipped bounty participants (which is also a bit scam)?

I received my bounties .. happy with free thousand-$$ atm <3

[Virtuoso]

I also recieved my bounty and even buyed some more, because i believe in this great project and in the dev team. In november the beta version of the platform is coming and then we will see how it goes.

[Hindafing]

They said in october the airdrop will happen, or not?

[finvestor]

Thanks for sharing that majority of you received their tokens.

I am looking at their business plan and cannot understand why they are on upper right corner (high client predictability and high easy of access)? There are many services that sells highly qualified leads to invoice finance companies, as did populous itself. Thanks.

[finvestor]

Also, has anyone analysed how hard/simple is to download the whole dataset of companies and use the same XBRL method mentioned by Populous? Thanks.

[Virtuoso]

They said in october the airdrop will happen, or not?

That´s right. The XBRL token airdrop will happen til the end of october. You have to wait only a few days, then you will recieve some, if you a holder of populous tokens.

The team made a announcement on twitter:  https://twitter.com/BitPopulous/status/915864914748739584

[ecivfesrire]

Thanks for sharing that majority of you received their tokens.

I am looking at their business plan and cannot understand why they are on upper right corner (high client predictability and high easy of access)? There are many services that sells highly qualified leads to invoice finance companies, as did populous itself. Thanks.

High predictability = populous collecting data on companies beforehand and evaluating their ability to pay back lent money. The CEO of populous has been in big data and has developed his own code to find companies that need invoice financing before they know it.

Ease of access. Blockchain is a trustless nation less Leger. Populous can finance you in any country and get investors from any country. Funds are transferred faster than traditional banking because blockchain is 100% able to verify funds sent/received as proven by bitcoin's success. You also don't need to employ people in suits that make mistakes to verify the process happened cutting cost out of the equation.

Traditional banking institutions have the handicap of having to exchange currencies which carries fees. They are also not fully transparent like the blockchain.

There's a few other things. I suggest you watch the interview with the CEO of populous. YouTube search Steve Nico Williams clif High. You will find a video through the clif High YouTube channel.

[ecivfesrire]

Also, has anyone analysed how hard/simple is to download the whole dataset of companies and use the same XBRL method mentioned by Populous? Thanks.

Pretty sure that's not going to be out there for everyone yet  we don't even have the tokens yet. If anyone knows it's big investors and very loyal people to the project.

[Master mind]

Any news ?

[AuroraDao]

Hey everyone, we're excited to let you know that PPT is now trading on IDEX!

IDEX is a new high performance decentralized exchange that has real time trades, trade matching and more. There is no chance of wasting gas on failed transactions because it can't happen with our design. You can learn more about IDEX here.

PPT market link - https://idex.market/eth/ppt

Hope you all will find IDEX to be a new home for PPT trading 

[akamy789]

I have carefully studied your operating profit model, it seems feasible, but also the ideal state, but unfortunately has missed the cheapest cost

[finvestor]

ecivfesrire, i read their business plan and watched several videos on youtube, but they didn't solved my concerns. Thus, I am asking here.

"Populous can finance you in any country and get investors from any country." Do you know that regulation are different in each countries? How they are going to solve it from UK? Who will do the chasing in case of mispayments by the buyer or bankruptcy?

[finvestor]

I cannot find my answer to the market size problem. If there are approx. 3,000,000 companies in the UK and around 300,000 companies suitable for factoring/invoice financing (i.e. companies with monthly turnover in excess 16,000 GBP and industries suitable for factoring/invoice financing). It looks like 6 months will be enough for UK market given their targetted approach.

"There are currently 3 million companies on the Populous's XBRL database. In the initial phase of the targeted customer acquisition, Populous will start off by contacting 50,000 leads per month, where an estimated 6% will be converted into clients"

The other problem is with market penetration, which is the highest in the UK (calculated as factored sums / GDP). UK industry figures (ref. ABFA) shows that there are a total of 41,992 clients (June 2017). If we go back 6 years, we will the total number of clients at 41,486. I can agree on the advanced numbers, which increased by ~46% in this 6 years, but not the no of clients.

"The Populous platform is designed to scale, with an estimated 43,000 clients in Year 1 to 297,000 clients in Year 3"

If the CEO was so good at targetting clients before they needed cash and brokering them to the best buyer, why has the UK market remained so stable during these years, even given new entrants as listed in the business plan? Thanks.

[Virtuoso]

Hey everyone, we're excited to let you know that PPT is now trading on IDEX!

IDEX is a new high performance decentralized exchange that has real time trades, trade matching and more. There is no chance of wasting gas on failed transactions because it can't happen with our design. You can learn more about IDEX here.

PPT market link - https://idex.market/eth/ppt

Hope you all will find IDEX to be a new home for PPT trading 

That´s very great. I hope there will come more exchanges for populous from now on. I haven´t tried IDEX, but now i have a good reason to go to this exchange and try it out.

[ecivfesrire]

ecivfesrire, i read their business plan and watched several videos on youtube, but they didn't solved my concerns. Thus, I am asking here.

"Populous can finance you in any country and get investors from any country." Do you know that regulation are different in each countries? How they are going to solve it from UK? Who will do the chasing in case of mispayments by the buyer or bankruptcy?

It sounds like for the first couple years populous will do the invoice trading in the UK and maybe China.

Nonpayment will void use of the platform (I would think). People can look at the xbrl data to determine if they believe that the company will pay it back before loaning. A company with more risk will probably net you a higher percentage risk vs reward.  You purchase insurance that lets you at least recoup the majority of your loaned tokens.

I wouldn't loan money to a company unless I see their business model, a history of payment on invoices, and that they are in a regulated country (ie receive punishment for nonpayment).

If it's the company's first time on the platform, I'm probably not going to be willing to loan that much. They have to get our trust. Ripping people off for $50000 doesn't bode well for your business's future, they can face wrath from regulators, and probably fold because you can see on the blockchain records they don't pay their bills. Lawyers will jump at this opportunity to make money prosecuting them.

The cost of losing the whole business isn't worth it. Do I want to keep making money or scam $50,000 and end up in legal troubles, lose access to the platform that saves me money, and destroy my good history I had to get on the platform in the first place? Probably not.

How would you dispute in court that you paid if a public leger that is black and white that people understand more each day says you didn't? That's just easy money for lawyers no matter who you are or where you are. Time for some prison time your $10 million business didn't pay $50000.

[AuroraDao]

Hey everyone, we're excited to let you know that PPT is now trading on IDEX!

IDEX is a new high performance decentralized exchange that has real time trades, trade matching and more. There is no chance of wasting gas on failed transactions because it can't happen with our design. You can learn more about IDEX here.

PPT market link - https://idex.market/eth/ppt

Hope you all will find IDEX to be a new home for PPT trading 

That´s very great. I hope there will come more exchanges for populous from now on. I haven´t tried IDEX, but now i have a good reason to go to this exchange and try it out.

Excellent! Let me know if you have any further questions. Hope you find it to be a great place to trade PPT 

[Virtuoso]

The price of Populous is coming down a little bit. I think will use this chance to buy some more, before the xlrb airdrop will happen. It is not far away and populous is right now a great long term investment for me.

[bitcoinerjawa]

good project suport this project