ARK’s Digital The Populous online platform was founded in 2017. It is intended to enable P2P payment of invoices. The platform also offers short-term cash flows to support the growth of annual sales. Stephen Williams, a commercial data expert, decided to launch a pre-ICO for Populous to develop the platform. With the support of the community, the Pre-ICO was completed in just over a week.
How Does Populous Work?
Populous is based around the distribution of Pokens.
Populous invoices are financed by investors, Pokens are sent to invoice sellers (also known as borrowers). Pokens can be exchanged for fiat currency or transferred to an external Ethereum wallet.
Pokens work in two different ways: inside and outside the platform. Inside the platform, Populous manages an internal ledger with the balances of each borrower’s and investor’s accounts for each currency. Outside the platform, Populous offers a publicly accessible smart contract for each token.
The tokens are based on the ERC20 token standard. The Populous blockchain itself is a combination of the Ethereum and RSK blockchains. Other technologies in use with Populous include XBRL, the Z Score formula, Smart contracts, Stable tokens, and others.
You can view more detailed technical information about Populous at the company’s whitepaper here.
Now equipped with a team of experienced experts and a supportive community, Populous is ready to grow.
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