What is Populous (PPT)? A beginner’s guide in 360 words.


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Typically banks & traditional lending institutions lend money out to business owners who’s cash may be tied up in the form of invoices. Business owners, in need of cash today, offer banks their outstanding invoices at a discount.

This invoice factoring business makes up a multi-trillion dollar, previously exclusive market. The financial service industry has already seen massive disruption in peer-to-peer (P2P) lending – think Upstart, SoFi, and Lending Club. However, to date, there’s not a single invoice factoring P2P consumer platform.

There are many real, valid obstacles to overcome in order to make this a reality:

  1. The pre & post due diligence process is complex & costly
  2. Contract structuring requires a high amount of litigation resources
  3. Automating a settlement between different fiat currencies

And this where Populous, the P2P invoice factoring smart contract blockchain comes into play along with Poken, it’s corresponding ERC-20 token.

The Populous platform is a decentralized invoice factoring marketplace where buyers & sellers of invoices can interact by directly swapping tokens instead of local currencies; essentially allowing those on the platform to circumvent traditional barriers to entry and transact without a 3rd party lender or bank.

To provide an example, let’s pretend we run a small (by revenue) virtual-reality headset manufacturing business; the company purchases scratch electronic components from suppliers and puts them together in order to wholesale virtual-reality headsets. Let’s say Twoogle comes along and purchases an entire inventory-worth of headsets – our largest sale! Our company draws up an invoice for the entire sale and sends it over. Twoogle has no issues with the price but would like to settle the payment in 90 days.

Now let’s pretend Facesnap comes along the very next day and would like to purchase an even greater purchase order than Twoogle…however we have very little cash on hand and certainly nowhere near enough to purchase the scratch electric components to build our product for the possible order.

This is exactly where invoice factoring becomes a very powerful and pragmatic financing tool for both the business owner and the lender.

Previously we, the small business owner, would only have a limited handful of possible lenders – primarily the usual cohort of regional banks, national banks, and large lending institutions. But now the Populous team offers us an alternative – a P2P invoice factoring marketplace run as smart contracts on a blockchain.

We as the business owner can now elect to trust the transparent pre and post due diligence process for both our own invoice and our loaners credibility. Instead of starting from scratch with a lawyer we opt for a smart contract constructed by Populous. And best of all, now with Poken tokens, we can immediately accept an invoice offer from an invoice buyer that’s located anywhere globally using any major currency of their choice.

How can you buy PPT?

You first need to buy Bitcoin or Ethereum on Coinbase and then transfer it over to your account at Binance to exchange it for PPT. If you get stuck or need help, send us a message through our Facebook page or email and someone on staff will walk you through the process.