What is the greatest challenge you have ever experienced in running your business? Could it be financing, marketing or outsourcing? The majority of both small and medium business owners will say ‘finance’. Finance is the gateway to achieving success in any business. In order to experience growth, most businesses put finance at the forefront of running their business.

What does financing a business have to do with populous cryptocurrency? Populous cryptocurrency is one of the most preferred cryptocurrency when it comes to invoice financing. Invoice financing (as created by Populous) is a better way for a business to borrow money against the amounts due from the customer.

Without further ado, let us look at the historical road map of the populous coin. This includes its meaning, features, how to secure its coin, and its mining process.

History of Populous cryptocurrency

Populous cryptocurrency was created by Stephen Williams, who is experienced in market research of commercial data and analytics. His drive and interest in the blockchain industry led him to invent populous coin in 2017. Before its released date on 10th December 2017, his primary aim was to develop and use XBRL to facilitate the sales of invoices in the finance sector. The purpose of his dream was to create a platform to cater to businesses whose assets and funds have been tied down for short and long term periods. To fund his project and sustain its blockchain concept of invoice financing, Stephen Williams was able to launch an initial coin offering (pre-ICO) to cater for the cost and expenses of developing the entire blockchain which he later called the Populous coin.

What is Populous cryptocurrency?

Populous cryptocurrency is a peer-to-peer blockchain platform for the payment of invoices. Populous coin not only enables the payment of invoices for investors but also it also applies smart contracts and XBRL data for trading between investors. The Populous blockchain platform was able to bridge the gap between buyers and sellers through its invoice financing. Its decentralized services were able to provide a ground for businesses whose assets have been locked down to sell their invoices in exchange for funds.

As a way of maintaining security and creating a trustless network, populous cryptocurrency uses smarts contracts and XBRL data. These two features were able to create transparency between both the buyer and seller within the network. The model employed by Populous blockchain helps to create a community where buyers can purchase invoices at an affordable rate.

Populous coin and its market cap

Populous coin uses Pokens, which is the name of its crypto coin. Its coin is pegged to a corresponding fiat currency. This system makes it stable within the coin market. Populous coin currently has a market cap of $68,144,312 with a trading volume of $4,624,304 making it ranked 60th position in the coin market. Its circulating supply is 53,252,246 PPT.

Features of Populous cryptocurrency

Smart Contract

The Populous network applies the ethereum smart contracts for the transparency of its entire blockchain network. The incorporation of the smart contract through its blockchain enables faster payments and improved financing in order to reduce the risk of fraud cases within its network. This smart contract agreement between the buyer and the seller helps to seal an agreement and pays the buyer any time the transaction goes through.

XBRL data

Populous uses the eXtensibe Business Reporting Language for the exchange of business information between the buyers and sellers in the platform. This helps to gather financial report and for presenting analysis.

Altman Z-score Formula

Security of funds and elimination of fraud is the prime focus of the Populous crypto network. The Altman Z-score employs a predictive measure to assess the financial worth of any company. It predicts the probability of any business to go into bankruptcy within two years and also predicts if any business or company will default during the transaction process. Its application in the Populous crypto network has generated trust between investors and guides investors on how to invest.

How to trade within the Populous network

Do you wish to invest and trade in the Populous cryptocurrency network? Joining their network is very easy and straightforward. You can start by:

1. Owning a wallet

Cryptocurrency wallets are designed to hold private and public keys. These keys are necessary to access your tokens whenever you want to place a trade. Cryptocurrency wallets are either stored in hot wallet or cold wallet. The former is described as a wallet that is accessible through the internet for online storage of coins while the later can store coins using a USB device-like hardware for offline storage coin. The populous cryptocurrency network employs both systems of storage of its coin. Some of its wallets include:

• MyEther Wallet
  Since populous cryptocurrency platform is built on ethereum blockchain technology, its coin can be stored in ETH wallet. MyEther wallet allows the storage of any Ethereum-based coin. This wallet is available for both smartphone users and desktop users. Its supported files are Android, iOS, Windows, Chrome, and Firefox
• Ledger Wallet
  Ledger wallet is more preferable for people who wish to hold its coin for a long period of time. This wallet can hold populous coins. Ledger wallet is a hardware-based cryptocurrency wallet that uses offline storage. Its security tool for ensuring the safety of its coin is through a 2-factor authentication, email, and multisig.
• Trezor wallet
  Trezor wallet is similar to ledger wallet. It also operates with the use of hardware-based cryptocurrency wallet. Its cold storage system ensure the security of its coin.

2. Trading and buying populous coins

The most preferred means of securing populous coins is through a cryptocurrency exchange platforms. The standard cryptocurrency to use as an exchange for the populous coin is bitcoin. If you are a bitcoin holder, you can use any of the cryptocurrency exchanges like binance and other coin exchange platforms. If you are new to the cryptocurrency network, securing bitcoin should be the first step to take. Platforms like Coinbase, Changelly, and Coinmama can be used to secure bitcoin before exchanging your bitcoin for populous coin.

Mining of Populous coin

Populous cryptocurrency is detailed in its platform for use as an exchange of information through invoice financing. Its platform has little details on how it will be mined and the standard hardware and software for its mining. It is believed that 53 million of its token initially released have all already been released with no other coin available for mining.