Populous operates as a platform aimed at providing small and medium-sized enterprises (SMEs) with invoice liquidity that can extend up to 90 days. Launched in 2017, it is designed to facilitate peer-to-peer (P2P) interactions among businesses, enhancing liquidity and addressing challenges related to SMEs' working capital.
By harnessing blockchain technology and employing smart contracts, Populous enables decentralized communication between firms, allowing them to access shared liquidity pools. The network’s official whitepaper highlights a sector-wide demand for liquidity, and Populous aims to address this by offering short-term liquidity through P2P lending. This system provides businesses with swift capital access, avoiding the wait for invoice payments from customers.
Who Are the Founders of Populous?
Populous was established by twin brothers Steve and Sam Williams from south London.
Steve Williams, a philosophy graduate from London Metropolitan University, has been serving as Populous's CEO since November 2016. Meanwhile, Sam Williams ventured into other business projects, founding The Trend View and Zloadr.
What Makes Populous Unique?
Populous seeks to transform how liquidity is managed in SMEs. By integrating blockchain technology and smart contracts, the platform promotes peer-to-peer interactions among businesses, lenders, and invoice processors. This decentralized setup results in substantially lower fees for liquidity loans and eliminates the need for intermediaries between lenders and borrowers.
Selling invoices offers a novel financial tool for businesses to obtain loans against their pending invoices, accessing the capital tied up even if the invoice remains unpaid. Populous shifts this invoice-backed lending process onto the blockchain, enhancing scalability, speed, and user-friendliness for businesses. The network has received funding from major companies, including Fireblue Capital.
How Many Populous (PPT) Coins Are There in Circulation?
The total supply of Populous (PPT) tokens is capped at 53,252,246 PPT, and all these tokens have been minted and made available to the public. Following the initial coin offering (ICO), 32.4% of the total supply was allocated to the Populous founders and team, while the remaining 67.6% was distributed among investors and interested third parties.
The circulating supply is identical to the maximum supply, totaling 53,252,246 tokens.
How Is the Populous Network Secured?
Being an Ethereum-based initiative, PPT functions as an ERC-20 token. This ERC-20 standard allows PPT tokens to be stored and exchanged on a diverse range of platforms. Populous also employs a secondary on-chain token known as Poken, which is not available for market trading and is specifically used to support blockchain transactions.
Where Can You Buy Populous (PPT)?
You can trade PPT on several cryptocurrency exchanges, including:
