Is Populous a future of crypto or a scam?

Populous is designed to enable P2P payment of invoices. It offers short-term cash flows hence it helps in the growth of annual sales. The company has ventured into the accounting finance industry with the aim of offering organic growth and target acquisition drivers. The company boasts of having more than 3 million companies on its database.

How different is Populous from the other cryptos?

Leading cryptocurrencies of 2017 such as Bitcoin use the Blockchain technology. Many cryptos are using the same technology but not the way Populous does. This altcoin which is an Ethereum based platform is particularly designed to cater to trade finance and invoicing. It uses smart contracts and utilizes XBRL.

It’s a platform on which companies can list their invoices and investors can fill them with their tokens and earn interest on the invoices. Any time an invoice is filled, a PPT token is returned to the investor in addition to the interest earned. Basically, the money you invest into these crypto tokens appreciates in value and also earns more money when it’s just sitting in your portfolio.

Understanding Populous cryptocurrency

There are two types of digital currencies on this platform – Populous Platform Coin (PPT) and Pokens. Each of these currencies serves different roles. During the ICO period of the crypto, PPT was the currency used to raise funds. Currently, there are 41.25 million PPTs in the circulation of the limited supply of 53 million.

PPT gives an investor access to the Populous platform which provides a path to the exchanging of tokens and paying of invoices. Poken is the currency on the Populous platform that is linked to the Fiat currency. Pokens can be exchanged with Fiat currency. It can also be exchanged with new high-performing alternative currencies of 2017 such as Bitcoin, Litecoin, and Ethereum. Poken is an in-platform currency which is the only one used to pay bills.

How does it work?

The company has a vision of becoming a leading accounting finance company based on the blockchain technology. You can invest in investor invoices through a matchmaking mechanism using PPC. The company also intends to offer customers added value by providing cash flows to its customers. The ultimate goal of the company is to provide its customers with a secure, efficient and fast financing option.

The growth of populous

When the Populous ICO was being done, the price was in the range of $2.8. In the few days that followed, the price went as high as $7.5 before dipping. In the later days of November, just like other high performing alternative cryptos of the month, the Populous price rose to reach a high of %30.95. Currently, it is trading at $26.92 and the market capitalization of the altcoin stands at $1.11 billion.

Is populous a scam or does it have future in the Cryptocurrency market?

Data has had such a significant role when it comes to the making of financial decisions. Populous sees the need to add blockchain to its system so that these decisions can be made with more efficiency. The technology allows you to register any of your financial transaction and store it safely. This technology also allows users to enjoy transparency and privacy. Populous is transforming the way financial transactions and decisions are done and made by many investors and companies. While CBOE and CME offer Bitcoin customers a better and more transparent access to the market, populous is looking for an uncontrolled way to make financial transactions easier and unique to all.