Hero-The Future Banking in Southeast Asia
Definitions and solutions:
Hero is the future of the banking system that provides secured loans in Southeast Asia. According to the developers, after the successful sale of the tokens, Hero will expand loans on the basis of Blocker. Naturally, with the support of venture capitalists such as SoftBank and Alibaba, led by a group of experts. Hero’s founders have been working in the Philippines since 2015 and have since helped thousands of Filipinos obtain affordable loans.
In mid-2015, the first product was launched a fully licensed online pawnshop in South-East Asia. PawnHerp essentially turns the phone into a pawnshop. Since Hero founders already have a branch and all the necessary technologies, they are able to reduce interest rates by more than half, providing access to cheaper loans that will improve people’s lives. Over the past two years, Hero has provided loans to individuals who would have been rejected by traditional pawnshops because of the uncertainty in the collateral, as well as the banks, since they do not have a credit history. Hero will improve access to credit by means of the Internet, for this, they scale their influence with the help of Blocker.
The main mission of Hero is to make a revolution in the banking industry, make lending more affordable and cheap for those who do not use or can not use the bank’s services in Southeast Asia. Thanks to the Hero platform, important problems have already been solved among the non-covered population. The main vision is to destroy the current financial system, which excludes two billion people from the banking system. To this end, a new technology is already being used to create a more exclusive system that will allow people to access credit.
How to work:
The client sends information about the item to pawnhero.ph through his phone or computer. After the data is successfully confirmed, Opus links the request to the pricing model, which instantly provides the client with several loan offers with different loan maturities. Then the customer chooses a preferable offer for himself and passes through information about the customer, the method of payment and delivery. Opus then arranges a courier bike ( PawnTrooper ) to pick up the item from the client’s house for free. At this time PawnTrooper completes the legally required procedures (KYC) << Know your customer >>further gives out a ticket to the customer and receives the goods for delivery to the Operations Center. Then, the evaluating experts check this item. If the authenticity of the item is confirmed, and the state corresponds to its request, then a loan is issued through Opus with different methods of payment by the selected client. If the item is not authenticated, it is returned to the client, and a delivery fee of 100 pesos (US $ 2) is charged from the customer. If the item is authentic but not in the condition indicated in the request, the expert estimates the revised cost of the product, and Opus offers a new one offer for a loan via CMC or e-mail.
Thus, PawnHere stores the pledged items in a secure and controlled centralized repository. Opus tracks the movement of mortgaged items throughout the process until the item is returned to the client when the debt is repaid.
Working product / expansion within Southeast Asia
Hero is already operating in the Philippines, and Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) base on Q3 2018 and Net Income After Tax (NIAT) during Q4 2019. At expected non -bank financial lending in the Philippines of approximately $ 3B USD in 2020. Hero is forecasting a market share of less that 3% of it or around $ 17B USD. The Company has already secured licenses to operate in Vietnam, Laos and Cambodia. Hero is also negotiating with strategic partnership in Indonesia and Thailand.
Funded by Big Companies
Hero have raised 2M + USD pre Series A from 500 Startups (now Spiral Ventures). Also already trusted and funded by stable such as Softbank and Alibaba in 2016.
Every Hero Token will be sold for 1/200 ETH, which means that 1ETH will give you 200 Token heroes. Additional token will be given to the original participant.
- Day 1 (first 3 hours) + 30% bonus;
- Day 1 (3: 01h-24h) + 20% bonus;
- Day 2 and 3 + 10% bonuses;
- Day bonus 4–7 + 5%;
- Day bonuses 8–14 + 2.5%;
- The remaining bonus day is 14 0%.
All of the proceeds from the sale of the Hero Origen Token will be donated to a non-profit Foundation we are establishing in Switzerland.
The main purpose of the Foundation is to promote financial inclusion, transparency, and efficiency in emerging markets.
Website : https://herotoken.io
Twitter : https://twitter.com/PawnHeroPH
Facebook : https://www.facebook.com/PawnHero.ph
Slack : https://herotoken.herokuapp.com
Telegram : https://t.me/herotokensale
My Bitcointalk Profile : https://bitcointalk.org/index.php?action=profile;u=1821630