Almost everyday, another project pops up in the world of cryptocurrencies. However, most of them are duplicates of previous projects with nothing new to offer. Every once in a while, a bright idea emerges. The project I am about to tell you about is one of them. It’s called Populous and I’m pretty sure everyone will hear about it more in the near future.
Populous (http://populous.co), briefly, aims to bring the invoice world into blockchain technology. Now we are all well aware that blockchain technology is eligible of many things, consideribly more with data recording. Thus, invoices could easily be integrated with what blockhain tech has to offer. Through the Populous platform, users will simply be able to sell or buy invoices.
As many of the successful projects lately, Populous will be based on Smart Contracts. In other words, it will work on the Ethereum blockchain. Using Ethereum blockchain is a great idea as Ethereum is obviously the rising star of the cryptocurrency world and it gives confidence to investors as it creates good publicity too. The local currency of the Populous platform will be Pokens.
The main thing that puts Populous apart from other developing projects is that it already has a working product in beta stage. Populous team, made up of Stephen Williams as the CEO, Zvezdomir Zlatinov as the CTO and Jason Tuang as the CFO. The team has been working on the project for some time now and their decision to start their crowdfunding with atleast a working product is a very good idea. The team has a good background in the industry.
The crowdfunding (ICO) will start on the 16th of July. The total Pokens initiated by the smart contract will be 53 252 246. Those who are willing to join the crowdsale will be able to purchase 36 000 000 tokens. The team will reserve 12 million tokens and the rest will be distrubed through bounty campaigns, marketing and research projects.
In the next article, we will go into detail of how the Populous Platform will work through a technical point of view. For now, if you have anymore questions, please visit http://populous.co