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What Is Populous? How To Buy, Expectations And Everything You Need To Know About PPT

Have you ever experienced that you were unable to pay a bill, and so you requested a postponement? In that case you will always have to make a higher amount. That can be a problem for companies. That is why Populous offers a platform where people can advance bills to earn money. In this article we explain what Populous is and how it works.

What is Populous (PPT)?

Populous is an exchange project that uses the blockchain to provide small and medium-sized enterprises (SMEs) with an efficient way to pay their bills.

For many SMEs, having enough cash flow to pay all bills is a recurring problem. Companies of this size usually have limited working capital, and therefore sometimes need to request additional time to pay their suppliers’ bills. In most cases, it is more expensive to pay a deferred invoice than to pay it immediately.

The Populous project wants to offer external parties to an SME the possibility to take care of certain invoices in exchange for a more favorable compensation for the SME. When an invoice is sent, these external parties pay the invoice directly to the suppliers and the SME will then have to pay these parties instead of the suppliers.

To understand this, let’s take a look at how Populous enables these parties to get in touch with SMEs and how the system they have set up works.

The Populous team

  • Steve Williams (CEO and founder). Steve has a background in corporate data research and analysis. He founded a data and business analytics company.
  • Jason Tuang (CFO). Jason has a background in auditing and accounting, as well as insurance. He has an MBA from Cass Business School.
  • Wisdom Oparaocha (CTO). He is a smart contract expert and has been developing programs in different languages ​​and on different platforms for over 8 years. He has developed commerce based web applications and some projects in the Fintech industry.
  • Alex Oritogun (Business Development Manager). Alex has experience in invoice financing. He will use his skills to provide alternative financing solutions for SMEs.
  • Lou Chan (Marketing Director). Lou has a degree in marketing and public relations from the University of the Arts in London. She will be responsible for raising awareness of the project among the general public.
  • Artem Shatalov (UX and UI Designer). Artem is a specialist in web design and mobile phone applications. He will lead the design of the project.


The partners of Populous

  • cashaa This is a banking platform that uses blockchain to allow customers to store, save, spend, borrow and insure their cryptocurrencies.
  • Luxury Global Citizen This is a platform that allows the purchase of luxury goods. However, the partnership was canceled when LGC decided to launch its LGC Coin.


  • hive This is the only blockchain project that also offers account redemption. Its aim is similar to that of Populous in wanting to create a platform where it will be easy for users to sell or buy notes via the blockchain. However, the development of Hive still takes time. Populous is already way ahead of Hive.
  • commands Provide the same services, but do not use blockchain.
  • Fund box Fundbox also provides the same services as Populous, although it does not use blockchain.

How does Populous work?

On Populous, there is a kind of exchange platform that allows SMEs to sell their invoices to third parties. They can buy the latter through an auction system.

To be able to sell an invoice, the SME must register on the platform. Once this is done, the SME will have to wait for an administrator of the Populous network to approve this request.

Once approved on the network, the company will be able to list its invoices for sale by setting the minimum amount it hopes to earn. This step also needs to be approved by an administrator. See below how it works.


The XBRL (eXtensible Business Reporting Language) indicator

Populous analyzes the risk of borrowing money for an invoice using the Altman Z-score (more on this later), which is based on real-time XBRL data. XBRL stands for eXtensible Business Reporting Language.

This data is public and provides information about the company, such as the estimated value of the SME, the amount of cash available and the amounts owed to creditors within one year.

The Altman Z-score formula

Once the data from the XBRL has been calculated and subjected to Altman’s Z-score formula, the team managing Populous enters the result into its own scoring system. In this way, Populous does not have to engage an external rating agency and it saves a lot of time and money.

The Altman Z-score formula is a financial model that determines the level of risk in relation to 3 factors:

  • The probability that a company will go bankrupt within 2 years.
  • The actions that can be taken in case of financial difficulties for the company being analyzed.
  • The company’s ability to meet its obligations.

Populous uses this data to target companies in need of cash flow and filters out candidates who don’t meet the criteria. When an SME adds an invoice to Populous, its approval or rejection will be determined after applying this formula.

The auction system

Once an invoice has been accepted on the platform, the auction can begin. From the moment the invoice is available on Populous, the auction will last 24 hours.

There are 3 different ways to end an auction:

  • During these 24 hours, an auction with a price above the minimum threshold took place. So the sale has taken place.
  • No bid has reached the minimum threshold. In that case, the SME can cancel the auction, accept the best offer or start a new 24-hour auction.
  • The SME decided to close the auction before the end of the 24-hour period. In that case, the auction could have been canceled or the best offer could have been accepted.

Once the auction ends, the company that sold its invoices will receive the buyer’s money in the form of Pokens; one of the 3 cryptocurrencies linked to the Populous platform. Sellers can then exchange them for fiat money if they wish.

All buyers who lost the auction will receive a refund of the funds used to attempt to purchase an invoice. Canceled auctions will also result in money being returned to the buyers.

Buyer Restrictions

If you’re considering buying invoices, you’ll also need to get approval from a Populous administrator before you get started. You absolutely must go through a KYC (identity check) procedure before you can start placing bids.

Sometimes the invoices presented have a significant value and this is not accessible to all pockets. But Populous has provided a solution to enable as many people as possible to participate in this sale.

As a buyer, you can place bids yourself or join an auction group. Auction groups consist of individual bidders who participate in an auction as a whole to make their bids. The profit will then be distributed in proportion to the amount invested by each investor.

3 tokens: Poken, PPT and PXT

The Populous project works with 3 different tokens:

  • Poken Token Poker is the internal currency of the Populous platform. Each poker has its equal in a fiat currency and has the same value as that currency. For example, 1 USD Poken = 1 dollar, 1 EUR Poken = 1 euro, etc. With this token you can buy invoices on the platform of Populous.
  • PPT (Popular Platform Token). PPTs were distributed during the ICO and were used as an investment product. There are a total of 53,252,246 PPTs. In addition to using these tokens as a medium to long-term investment, it is also possible to use them to purchase invoices. When purchasing an invoice, Populous will automatically convert these tokens into Pokens for the seller. Once the seller has paid their bill, you will receive the winnings in Pokens, and your original investment in PXT.
  • PXT (Populous XBRL Token) This token is used to access the “Business Intelligence” database located on the Populous XBRL platform. This access gives you the possibility to consult all the data of the different companies that are present in the Populous database. You can then use this data to build custom reports on the companies you are interested in.


  • There are no serious competitors in the same field using blockchain for this service.
  • Blockchain makes it possible to eliminate intermediaries while at the same time offering greater transparency, speed and security.
  • The transaction costs are lower than a traditional company operating in an environment that does not use blockchain.
  • Thanks to the system of 3 tokens, Populous makes it possible to do all this without financial institutions.
  • The platform already has 3 million companies in its database.
  • Once the various accounts are approved, the transactions are executed quickly.
  • The Z-score formula is an internal assessment system of the project. This allows reliable information to be provided at a lower cost as Populous does not require rating agencies to provide this data.


  • There are competing companies that work outside the blockchain.
  • The system for exchanging invoices is still limited. For example, it is limited to transactions within a certain distance.
  • The marketing to announce it hasn’t really started yet.

How do I buy Populous (PPT)?

If you want to buy the token of Populous (PPT), you will have to use a crypto exchange like Binance , Bitvavo or Coinmerce . However, preference is of course for Binance or Bitvavo, because these exchanges are safe and have a high liquidity. This allows you to buy and sell PPT for the best price.

You can also buy PPT tokens on many other exchanges, but for security reasons, we recommend that you buy them on Binance or Bitvavo. Do you want to use a decentralized exchange (DEX)? That is possible, but be aware: the chance that a transaction goes wrong is many times greater than on a central exchange. That is why we do not recommend using a DEX.

How do you store your PPT tokens?

Populous’s tokens are ERC-2 tokens, making them incredibly easy to store. If you want to store PPT, PXT and Poken token, you can use a hot wallet that is, for example, linked to the crypto exchange you use. Of course it is also possible to use a MetaMask wallet. However, this is not the safest choice, because in that case your tokens are exposed to hackers.

The safest way to store your tokens is to use a hardware wallet . These are electronic wallets in the form of USB sticks. The 2 best known are the Ledger Nano S and the TREZOR.

Populous (PPT) Chart



There’s no getting around it: the fact that SMEs can sell their invoices to others in order to make purchases easier is a huge advantage for these companies. Although the SME will eventually have to repay its creditors, the fees charged by the creditors will be lower than those charged by the suppliers. This makes Populous an interesting project that has only one competitor among other blockchain startups.

The future of the project will mainly depend on Populous’s ability to enable SMEs to self-finance themselves at a lower cost than other companies offering invoice resale service. Populous’ ability to attract people who are willing to buy back invoices will also determine its success.

In addition, by leveraging the blockchain, Populous is expected to be able to significantly lower the fees charged by intermediaries, allowing them to be more competitive. According to Altman, the formula based on the Z-score will also make it possible to forego the usual rating agencies and bring the notes to market more quickly. However, Populous is a newcomer to the industry and will need to demonstrate its seriousness and ability to complete transactions.

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