HERO underwent a change for the Banking world in Southeast Asia
The world is now progressing and rapidly progressing. almost in every field there is always change, starting field of communications technology, internet technology and finance (banking).
for this time I will discuss the field of Banking. recently there is a concept called HERO, which will underlie the changes in the banking world. especially in southeast asia region.
Maybe from us still not much know what is HERO. so Hero is the future of banks that provide loans with guarantees to uneducated and unbounded consumers throughout Southeast Asia. HERO will launch a crypto unit called Hero Token. HERO intends to expand into a blockchain-based, no-load loan. Supported by venture capitalists such as Softbank, Alibaba and 500 Startups, the organization started operations in the Philippines in 2015 and has since helped thousands of Filipinos gain access to affordable credit.
HERO is created based on the ERC20 token on the Ethereum blockchain and identified through the ticker symbol Hero. HERO token sales represent an event in which the crypto currency project sells some of its tokens to early adopters and fans in return for funds. Token Hero opens opportunities for people to participate in the success stories of PawnHero, and HERO tokens do not restrict it to the small number of selected venture capital funds. By issuing Hero tokens, token holders will benefit from PawnHero’s future success. Token sales are fast, transparent and efficient for this purpose appropriately.
HERO token has an incredible VISION, a revolution in the banking industry to make credit more accessible and affordable by unbanked or underbanked, starting in Southeast Asia.
we will get many benefits from HERO tokens if you join the part in it. Hero has been created to create positive financial and social outcomes. A Hero Token represents the right to receive a gift, which is a portion of the interest income earned. All aggregate tokens are entitled to receive up to 20% interest income.
Evidence will be pro-rated on funds provided during the token sale. Up to 20% of interest income that can be distributed is transferred to specific Ethereum (ETH) wallets every three months. ETH is then distributed to all holders of Hero tokens in accordance with the conditions of smart contracts (that is, the share of interest earned in proportion to the share of tokens owned). The long-term Hero will seek to distribute the award in a shorter period of time, with monthly rewards distribution targets.
Hero tokens are strategically designed to add value to the Hero network:
- Reward bearing tokens that generate interest income
- Social impact of helping underserved access affordable credit
- Buy back: The company may use a percentage of profits to repurchase Hero tokens from the open market at the prevailing market price, therefore the value of the token should be further positively correlated to the success of the project
In addition, the company may use a percentage of profits to repurchase Hero tokens from the open market at the prevailing market price, therefore the value of the token should be positively correlated to the success of Hero.
HERO token total Maximum 250,000 Ethereum tokens (ETH) will be accepted for the purchase of Hero tokens in the sale of this token. Each Hero Token will be sold for 1/200 ETH (1 token HERO equivalent to 0.005 ETH), meaning 1 ETH will give you 200 Token heroes. For each token and cryptocurrency, you will receive a Hero token instead, just as if you bought it with Ether or Bitcoin. The exchange rate to be used to calculate this will be based on the currency or token rate you wish to use vis-a-vis Ethereal
The number of tokens made for the Hero chain all depend on how many coins are sold during the token sale. The maximum contribution amount in turn will represent 80% of all Hero tokens. Since we do not know the total to be sold, token sales operate on a percentage basis to ensure justice for all. If the maximum amount is reached before the end of the sale in TBD, which is 4 weeks after the start of the token sale, we will deduct the token sale. If the maximum amount is not funded entirely at the end of the token sale, the percentage of 80% of all tokens will be adjusted, with the difference between the lower amount and the maximum amount reserved for future token sales.
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