About Populous
Populous is a peer-to-peer invoice platform founded in 2017 at a high point in the blockchain and cryptocurrency craze. It makes use of blockchain's distributed ledger technology to provide a global trading platform for invoice financing. According to the Populous website, "invoice finance is a form of funding that instantly unlocks the cash tied up in outstanding sales invoices. Business owners allow invoice buyers to buy invoices at a discounted rate in order to unlock their cash quicker. Once invoices are paid by the invoice debtor, the invoice buyer receives the amount previously agreed upon." In order to offer funds to invoice sellers, Populous maintains a Liquidity Pool. This is tied in with the Populous cryptocurrency (PPT). An investor securitizes PPT by making an initial purchase. PPT is then held in escrow as collateral throughout the process. Transactions between invoice buyers and sellers take place with Pokens, exchanged for PPT and used as the currency for buying and selling invoices, either drawing from or contributing to the Liquidity Pool in the process. As a result of this built-in liquidity component, Populous at this point requires no transaction fees. In fact, the only fees levied are those associated with late payments. Populous invoice transactions can cover a huge array of industries, including many which are not typically available to traditional financing companies. The PPT tokens not released during the ICO were retained by the founding and development team. PPT can either be held or used as collateral to invest in Populous invoices. In exchange for collateralizing, you’re given an amount of Pokens based on a percentage of market value. Currently it’s the lesser of 50%, or a 30 day market average. These are automatically used to purchase an invoice. If the invoice is repaid, you receive both your PPT investment and Pokens profit.
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Market Stats
Market Cap
$3.17M
-7.27%
FDV
$3.17M
Circ. Supply
53M PPT
Max Supply
53M PPT
Total Supply
53M PPT
Diluted Valuation
$3.14M
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
$196.73
49.72%
Volume (7D)
Not enough data
Volume (30D)
Not enough data
All time high
$76.49
Price Change (1Y)
34.48%
Additional info about Populous
Recent trends
The latest PPT price is $0.0592. Compared to Populous's value of $0.06 from 24 hours ago, there's been a -3% decrease, while the current price is -18% down from $0.07 which was recorded one week ago. Populous's all time high is $76.49, which was reached on January 28, 2018. This is a -100% change from its price today.
The current circulating supply of Populous is 53,252,246. This is 100% of its max supply of 53,252,246 PPT and 100% of its total supply of 53,252,246. The market cap is currently $3.17M, which is a result of multiplying the current price of Populous($0.06) by the total supply(53,252,246 PPT). The fully diluted valuation of Populous is $3.17M. The diluted valuation of Populous is $3.17M.
Market details
PPT vs markets
↗ 2.26%
PPT vs BTC
↘ 11.02%
PPT vs ETH
↗ 103.14%
Tags
logistics
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0xd4fa1460F537bb9085d22C7bcCB5DD450Ef28e3a | |
Energi Network | 0x2483a716a4a5476da5e657be13a37cf62b608ab6 |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.0592 | ↘ 3.03% |
1 Day | $0.0611 | ↘ 3.03% |
1 Week | $0.0723 | ↘ 18.10% |
1 Month | $0.10 | ↘ 43.46% |
1 Year | $0.0440 | ↗ 34.48% |
FAQ
Populous (PPT) is a network that aims to provide liquidity for up to 90 days to small and medium-sized enterprises (SMEs). Launched in 2017, Populous seeks to facilitate peer-to-peer (P2P) interaction between businesses, enhance liquidity, and address working capital issues for SMEs. By leveraging blockchain technology and smart contracts, Populous enables decentralized communication between businesses and allows them to share liquidity pools. The network's primary goal is to facilitate swift access to resources for enterprises, a task that is often challenging when waiting for customers to settle invoices.
Populous operates by introducing blockchain technology and smart contracts to the liquidity management of small and medium enterprises. This approach allows for peer-to-peer interaction between businesses, lenders, and invoice settlers. The platform is entirely decentralized, which means it charges significantly lower fees on liquidity loans and does not require intermediaries to facilitate the connection between lenders and borrowers. Populous also utilizes a second on-chain token called Poken, which is not tradeable on the market and is used to facilitate transactions on the blockchain.
Populous is primarily designed to address the liquidity needs of small and medium-sized enterprises. It offers a financial tool known as invoice selling, which allows businesses to secure loans on their outstanding invoices. This enables businesses to utilize the underlying resources even if the customer has not yet paid the invoice. By transferring the process of lending resources backed by invoices onto the blockchain, Populous aims to make it more scalable and easier for enterprises to use. This approach to liquidity management has attracted resources from large firms, such as Fireblue Capital.
Populous was founded in 2017 by twin brothers Steve and Sam Williams from South London. Steve Williams, a philosophy graduate from London Metropolitan University, has been the acting CEO of Populous since November 2016. Sam Williams has since ventured into other businesses, founding The Trend View and Zloadr. Populous (PPT) tokens have a maximum supply of 53,252,246 PPT, all of which have been minted and released to the public. After the initial coin offering (ICO), the Populous founders and team received 32.4% of the total supply, with the remaining 67.6% distributed among investors and interested third parties.
We update our Populous to USD currency in real-time. Get the live price of Populous on Coinbase.
The current market cap of Populous is $3.17M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Populous is $76.49. This all-time high is highest price paid for Populous since it was launched.
Over the last 24 hours, the trading volume of Populous is $196.73.
Assets that have a similar market cap to Populous include GMCoin, Neighbourhoods, Degen Spartan AI, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Populous is 53 million.
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