Announced earlier on the Populous BitcoinTalk.org forum, the Pre-ICO has completely sold out. They have raised 10.5 million dollars. This means all tokens are gone and the ICO scheduled for July is NOT going to happen.
The tokens are (probably) going to be released within 2-3 days and Bitfinex (rumour) will be listing PPT very shortly. However I believe that EtherDelta will be the first to list since they have successfully cornered the Veritaseum sales earlier this month.
I was reading Clif High’s latest crypto report for the 5th time and mulling over the ICO’s. A few days ago I had dumped a bunch of ETH into the Populous ICO so that I could get the 20% bonus. Upon reading Clif’s summary of the Populous ICO he stated that this ICO is an “ENGINE” like Ethereum. A crypto that has the potential to change the way companies all over the world do invoice financing.
For those of you that don’t know what invoice financing is (I sure didn’t), Populous is a smart contract system that takes company invoices that are waiting for customers to pay within a 45-90 day period and finances the money on a P2P basis.
So instead of putting a strain on cashflow which is a big problem for small and medium size businesses the liquidity is there.
POPULOUS integrates with 3rd parties to assess credit risk of companies participating in their smart contracts.
The market for invoice finance is estimated to be 3 Trillion USD per year global business.
Anyway I was thinking that I should put another 50k into it because there is so much potential with this crypto. Alas I was too late…I thought the pre-ICO was going to go until July 8th as it was stated on Bitcoin Talk BUT it is now closed.
At least I got in with a reasonable investment, and look forward to seeing how much these things are gonna go for.
/Ethan