Even the most casual of observers has heard of the recent rise of the cryptocurrency market. Those of us who are already part of the ecosystem know that the market is yet to grow. With the ascendance of blockchain, there are huge numbers of opportunities for traders, entrepreneurs, and startups.But right now cryptocurrencies are struggling with a problem typical of emerging economies, the difficulty of obtaining full decentralization of token and legitimate liquidity. A lot of cryptocurrency ICOs pay for ratings and advertisements and fail later on. Paid ratings and marketing techniques are only ways of selling the token without proper deployment of projects and services later on. How can any investor make the right move of investing in the right tokensale? With these market dimensions in mind, Peoples Token seeks to develop a collaborative forum and a community (PPL Community) based token to connect investors of all levels of experience. Involving in the Community forum, investors will have access to the decentralized development of the token projects.
WHAT IS PEOPLES TOKEN
Peoples token is an ERC20 utility token developed for the people and run by the people. It is a decentralized and transparent token thoroughly driven by the token community. 7.2 million tokens are available for purchase in the tokensale for people joining the peoples token community. All unsold tokens after token sale will be burned. Peoples token is not mineable and is fixed in number. No tokens will ever be generated later on.
Technical Specifications:
Peoples Token
Symbol - PPL
Decimal – 4
Total supply – 8000000 (8 million)
Contract address – 0xe85B4c53B72c1ddF2D522963ac4596E2A5c8ea37
OBJECTIVES OF PEOPLES TOKEN
Peoples token aims to create a fully community driven and decentralized token free of present day flaws seen in most token ICO and development. A lot of token ICO fails to fulfil and reach their goals as promised by the team. ICOs these days are mostly targeted and aimed for product commercialization and marketing purposes. Most ICOs pay for ratings and reviews given to them by various websites. Also, in most ICOs only a part of token is available for purchase for the people and tokens are held by the team / developer along with the crowdsale fund collected from sale of the token. This creates a majority control of developer and the team and minority role of people taking part in the crowdsale and token community with no decentralization of the token.
PPL ECOSYSTEM
PPL token ecosystem illustrates the movement of PPL token and token liquidity maintaining price stability and token distribution.
The flowchart depicts the movement of PPL tokens among token investors/holders, exchanges and community developed products/services.
PPL token ecosystem is the main framework for token liquidity which will maintain token circulation, token liquidity and a stable price of token regulated by community members/holders.
PPL token ecosystem will be sustained by the community forum members and developers through their collaborative work towards project development which will be supported by community project fund through voting.
COMMUNITY FORUM DEVELOPMENT
The PPL Token community forum aims to bring together all people holding the token and participate in the decentralized development of various projects based on the token. The community forum will be a core platform for the following events –
Discussion on various proposed projects by community members/participants..
Project approval through polling and funding of the new projects.
News and announcements.
Market trends, trending crypto issues and other topics.
The community forum will be used to organize polls on the funding of various new projects. These projects and ideas can be proposed by developers that must utilize peoples token as a mainstream resource. Projects can be suggested openly by community members and also be reviewed by the members. Each member holding PPL token will have a right in the community to vote. Members can express their views and suggestions regarding the proposed project in the forum.
APPOINTMENT OF CORE COMMUNITY FORUM MEMBERS
After the development of community forum, each member who has bought PPL Token in the ICO sale will be eligible for voting rights and be part of the core community members.
Each ethereum address taking part in the token sale will have one vote count. Only those ethereum addresses used in the crowdsale to buy PPL token will be given voting rights and profiles associated with those addresses will be part of the core community forum members. Profiles will be verified in the community forum and a list of profiles constituting the core community members will be available. Each profile can have only one ethereum address associated with it for voting.
PROJECT PROPOSAL REQUIREMENTS
The developer/participant should ensure the use of peoples token (PPL) as a major resource in/for the project.
The proposed project should have a detailed whitepaper available for the community.
The project should be at least at 25% stage of development during the funding proposal and a website is necessary to support the project.
The developer should clearly state the amount of funds needed, expense details for the project and how the funds will be used for further developments (fund distribution).
TOKEN INFOMATION
Name: Peoples Token
Symbol: PPL
Platform: Ethereum (ERC 20)
Price in USD: 1 PPL = 1 $
Contribution Method: ETH
Soft Cap (in USD: 1800000 (1.8 million)
Hard Cap (in USD): 7200000 (7.2 million)
Min. Contribution (ETH): 0.1 ETH
Max. Contribution: 100 ETH
Max. Crowdsale (Token): 7200000 (7.2 million)
Max. Total Supply: 8000000 (8 million)
Token Distribution
Crowdsale Fund Distribution
BONUS AND BOUNTY
PPL token offers investors and early bird special bonuses. The bonus is subject to early participation in the token sale. Bonus details for token buyers are as follows:
Week 1 – 10% bonus
Week 2 – 7% bonus
Week 3 – 4% bonus
Week 4 – 1% bonus
No more bonus will be given after the 4th week of token sale. Bonus will be calculated on the amount of token purchase during the time period.
ROADMAP
Q1 2018
Establishment of PPL Community concept
Q2 2018
Deployment of Token and token sale platform
Q3 2018
Crowdsale and Exchange Listings
Q4 2018
Peoples Token Community Forum
Q1 2019
PPL community project funding and PPL wallet
Q2 2019
Community project deployment and promotion, PPL internal exchange
The roadmap details the timeline of events to be carried out till Q2 2019. As more projects will be developed and deployed by the community, the timeline will be updated further on. Community based voting for fund allocation to various projects will be updated to the timeline accordingly.
Official links for more details,
WEBSITE : https://www.peoplestoken.org/
WHITEPAPER : https://www.dropbox.com/s/4cilu416bkwgct0/PeoplesToken%20Whitepaper.pdf?dl=0
INSTAGRAM : https://www.instagram.com/peoplestoken/
TWITTER : https://twitter.com/TokenPeoples
TELEGRAM : https://t.me/peoplestoken
Thank you for reading my blog.
Published by cryptohipo
My profile: https://bitcointalk.org/index.php?action=profile;u=1464627
My ETH Wallet: 0xacADB2bEd1aA3DdF8390641378E2A6c91B0d33CA