Populous PPT to BOLT BOLT Exchange

Crypto Pair Details: PPT to BOLT

Populous PPT

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.

BOLT BOLT

BOLT’s vision is to be the largest mobile wallet in the world, powered by content. Our mission is to democratise the chain between content producers and users.We built BOLT as an ecosystem on the Blockchain to provide an in-ecosystem store of value which increases as utility increases. We built BOLT on a core set of values centered around transparency, collaboration, and innovation. These values drive how we work with our community and how we engage with our users. We believe that BOLT can be a win-win for creators and users to mutually unlock value by participating equally in the ecosystem- whether by contributing a news highlight from Tanzania or subtitling a Korean music video into Bahasa Indonesian. BOLT users can accumulate the BOLT tokens to be used within the ecosystem, or exchange it for other popular tokens which can be bartered in their respective fiat values.

SOURCE: COINGECKO

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