The launch of live Beta is on track for May 1st, 2018. A date highly anticipated by the team behind Populous.

Populous’ Beta will transition into beta-live on the date, starting with a few selected PPT holders to benefit from being able to trade a live invoice from real companies. To achieve that, PPT holders can pledge their PPT for Poken, which can then be used to purchase a pre-selected single invoice on the platform.

The purpose of beta-live is to allow Populous to put the platform and technologies in a monitored, controlled environment to determine if there is an “OK” signal to start accepting the massive influx of PPT holders who are eager to begin purchasing real invoices, helping businesses with short-term cash flow and making use of our available XBRL data.

The selected PPT Holders will have access to a gradual roll-out of invoices during the beta-live period to start with, which will be ramping up in volume as the platform prepares to be opened to the general public.

In the case of any unforeseeable incidents that may hinder the release of the platform, the Populous team will communicate it immediately.

Built on the blockchain technology, Populous allows global investors to bid real-time on invoices to provide them with competitive prices, compared to more centralised competitors of invoice discounting platforms.

END

Lou Chan

Head of Marketing, Populous.