If you are an independent contractor or run a small business, you know the pain of waiting for invoices to be filled. Both entities tend to live from check to check, at least some of the time, and when waiting for weeks or months for an invoice to be paid, this can create financial voids in the lives and balance sheets of these individuals.
A common way to circumvent this problem is to sell an unpaid invoice to a buyer who will get it at a discount, and who will then wait to be paid the full sum by the person or company who owes the money. The invoice seller may miss out on a small percentage of the money they were due, but they’ll be able to get a cash infusion fast. This is called invoice financing.
The investor, meanwhile will have to wait a little while to get paid, and in some isolated cases may not be paid. But generally, the payment eventually comes through, and the investor makes a profit above the discounted price originally paid for the invoice. It works out pretty well for both parties.
Sho What Does Populous Coin Have to Do With This?
Populous is a blockchain solution that does this process faster and more affordably. They accomplish the savings by having their own proprietary credit monitoring method, which means they don’t have to pay for the prices charged by Credit Reporting Agencies as traditional invoice financing companies do.
Populous also creates a smart contract operated marketplace through which invoice sellers can list their products with a secret minimum price below which they would not be willing to sell the product. Investors search the market for invoices that seem the most promising, based on seller data from Populous.
Pokens are tied to the price of the national currency used by the customer/investor (1 USD, 1 EURO, etc.). Collateral is locked in Populous PPT (Pokens are different currency), the seller is paid, and then the collateral and additional price are paid to the investor upon completion of the invoice payment. It’s as simple as that.[/su_note]
What’s the Purpose of the Populous Token?
It can be a little confusing to understand the difference between Pokens and Populous PPT. Pokens are tied to fiat currency units 1:1, so they’re more a way to keep a consistent payment method within the system. Populus PPT, however has a variable price set by the market, and it’s useful to invest in Populous.
The current Populous token price is very low compared to recent highs, due to the crypto market crashes which transpired this January and February. If you think the project is solid, this Populous coin price is very likely an excellent deal, with a great deal of upside potential for the rest of this year.
The Populous coin price topped out at over $70 apiece. Today, it’s just about half that. If you’re ready to take the plunge with Populous, we’ll start the Populous buying guide now.
How to Buy Populous Coin: Two Methods
There are two main methods to buying Populous token. The first is to use an exchange like CryptoGo which takes you money and does all of the work of sourcing, buying, and delivery for you. This is probably the best bet for new users and those who simply don’t want any extra headache.
The other method is the DIY solution: trading Bitcoin for Populous on an exchange like Binance, which is a little cheaper but requires you to do all of the work. We’ll give detailed descriptions about how to do both.
But first, you’ll need to buy Bitcoin. Almost every coin in crypto exchanges with Bitcoin, but Bitcoin is one of the only coins you can buy with fiat currency like USD and Euro. Use a service like Coinbase, Changelly, CEX.io, or Coinmama. Each of these will sell you Bitcoin which you can then transfer to Binance and use it to buy Populous token.
How to Make Your Populous Wallet
Another thing you’ll have to do before using either of these methods is to create a Populous wallet. This is especially important if you are using CryptoGo, which won’t hold your coins for you and needs an address to send them to once purchased, before they can even accept your order.
Populous token, like so many cryptocurrencies, was released on the Ethereum blockchain for the Populous coin ICO. One cool thing about using Ethereum-born cryptocurrencies is that they can all be stored in any Ethereum wallet. Perhaps the most popular and reliable is MyEtherWallet, a web based wallet supporting many dozens of ERC20 tokens (the ones released on Ethereum).
Start by going to MyEtherWallet.com and creating a new wallet account. Take care to read all of the information on the screens. You’ll be shown a private key. This key is the only code that can be used to get into your wallet anywhere in the world, or to regenerate your wallet if your device was ever destroyed or you couldn’t access it for some reason. Write it down and keep it safe.
Once you’ve made your account, you should see a homepage that looks like this. See the Address on the upper right side (the alphanumeric code)? That’s the address to which all ERC20 tokens (including Populous PPT) can be sent. Copy this address and we’ll use it in just a minute.
How to Buy Populous PPT With CryptoGo
CryptoGo is not a traditional exchange. They understand that not everybody has the savvy to navigate the complex world of cryptocurrencies, so they have access to all major exchanges and quickly make purchases for the people that pay them. Start by going to their homepage.
On the home page you’ll see the option to “Sign Up”. Click here. The process of signing up with CryptoGo isn’t difficult, especially compared to other Populous exchanges, but be ready with your government issued ID. Choose a unique username and password, and just fill in any other information requested.
On this screen, you can fill in more of the details of your order. What you wish to buy, how much you want to buy, etc.
Finally, you’ll be required to put in some official personal documents to prove you are who you claim to be. This is the way CryptoGo makes sure to weed out potential fraudsters who might try to use convenient crypto purchases to launder money. It’s a small hassle, but the site is secure and it’s worth it. It’s also less than you’ll be required to submit at any of the most popular crypto exchanges.
Once you’ve completed payment through bank wire transfer or credit card, you payment will soon be accepted, and the brokers at CryptoGo will go to work. When your order has been completed, you’ll receive a confirmation email, and find that your coins are already safe and secure in your MyEtherWallet.
How to Buy Populous PPT With Binance
Binance is a crypto exchange based in Hong Kong. They support hundreds of digital currencies, and they’ve handled the scaling challenges caused by an influx of millions of new investors with success that few other exchanges can boast, if any. It’s quickly on its way to being the most used exchange in the world, if current trends continue.
First, you’ll have to start an account with Binance. Do this by going to Binance.com.
Here on Binance.com you’ll see registration requirements you’re used to from other internet platforms. Choose a new password and username and click “Register”.
Do the most fun CAPTCHA we’ve ever seen (try to finish it in less than a second. 99% of users can’t!).
Wait for your email verification to arrive, click the link, and you’ll be carried into your new Binance account.
Now you’ll have to add 2 Factor Identification, both to make your account more second and to give you the verification necessary to make trades. 2 Factor Authentication is really cool, and you should use it for all of your online platforms and websites that contain 1) personal data, or 2) finances or financial information.
How to Send Bitcoin to Your Binance Bitcoin Address
You’re almost ready to buy Populous PPT. Now you have to send your Bitcoins from the outside address where you bought them, or in the personal wallet you are storing them in, to Binance’s Bitcoin wallet that you control.
Now that you’re in your Binance account. Go to “Funds” and then “Balances” in the little drop down menu. This will take you to a screen that holds all of the coins supported by Binance. But you don’t have to worry about most of these, you only want to focus on Bitcoin. Type “Bitcoin” into the little text box as seen in the above image, then click “Deposit” on the Bitcoin line.
This will take you to a page that displays the address you need to use to send your Bitcoin to this Binance Bitcoin wallet. Copy the address and take it over to the platform or wallet that holds your Bitcoin currently. Click “withdraw” or “send” as the case may be and paste this address into the address line. Choose to send some or all of your Bitcoin and hit “confirm”. If you are a little worried about this process because you’ve heard that coins are lost if sent to the wrong address, just try a tiny fraction of one Bitcoin first to make sure it arrives as expected. Once it’s safely in place in your Binance Bitcoin wallet, you’re ready to send the rest. In half an hour or so your Bitcoin should arrive, though this sometimes takes longer.
How to Buy Populous PPT With Bitcoin on Binance
Now you’re ready to buy Populous PPT. Start by clicking at the top of Binance’s homepage the category “Exchanges”, then choose “Basic” in the little drop down menu. This will take you to the screen seen below.
There’s a lot of information on this page, but don’t worry. You don’t need to worry about most of it. To start, look at the right side of the screen where all of the trading pairs are listed. Make sure the “BTC” box is selected, because this will show all of the Bitcoin trading pairs. Then type in “PPT” into the little box as seen in the picture above. This will cause the buying menus on the bottom of the screen to turn to PPT.
The one with the green button is the one you are going to use. Binance should already have filled in the present market price of Populous token. If you want to buy Populous PPT instantly, this is the price you should use, because it’s taken from the lowest selling price offered by a trader at this moment. From here, just fill in how many PPT you want to buy at this price (or select the percentage of your Bitcoin holdings you wish to spend) and click “BUY PPT”. Your order will likely be completed in seconds, though is sometimes takes a little longer if the Populous price suddenly rises just as you’re making your order.
If you want to buy Populous PPT at a lower price than the one currently available, you can specific any price you like. The thing is, there’s no guarantee that the price will ever go that low, but if it does you’ll get a better deal. This is a great choice for the patient investor who’s not worried about maybe missing out.
Sending Your Populous Coins to Your MyEtherWallet For Safekeeping
Now that your Populous tokens are in your Binance Populous Wallet, go back to Funds, Balances, then type “PPT” into the text box to bring up your Populous PPT wallet.
On this page paste your MyEtherWallet address, choose how many PPT you wish to send (all probably), and hit Submit. In a few minutes, your PPT should be safe in your MyEtherWallet.
Final Thoughts on PPT
We think that Populous solves a real problem in the world which will help businesses and freelancers/contractors manage their expenses, even when invoices are slow to be paid. We also think that Populous PPT will be a great investment, because the project seems on the right track to accomplish their ambitious goals.