What is Hero?
Hero is the future of banking that provides collateralized loans to the unbanked and underbanked consumer across Southeast Asia. With the launch of its crypto-currency unit called Hero Token, HERO intends to expand into blockchain-based uncollateralized loans. Backed by venture capitalists such as Softbank, Alibaba and 500 Startups, the organization started operating in the Philippines in 2015 and has since helped thousands of Filipinos to obtain access to affordable credit.
Hero’s mission is to revolutionize the banking industry to make credit more readily available and affordable for the unbanked or underbanked, starting in Southeast Asia.
This document provides a comprehensive overview of Hero , its applications and benefits, the team involved in the project, the upcoming Hero fundraising referred to as ICO or & corporate crowdsale and the goals Hero is expected to achieve.
Token / Token Sale sales is an event in which a new project from cryptocurrency will sell a portion of its cryptocurrency token to the early adopters and enthusiasts in return. For those who offer token for sale, it has become a well-documented and well-respected way of raising funds to improve existing products and services.
The sale made by the Distributor of the Hero Token which relates to a Token Sale Hero Token Sale itself to you as a buyer thereof shall remain subject to the applicable terms and conditions — which are contained in a separate document specifying the terms and conditions of agreement between the distributor and you which is related to the Hero Token Sale. Distributors are the involved members of PawnHero and they will disseminate all proceeds of Hero Token sales which relate to Hero Token Sale to be used as project funding and the Hero’s cryptocurrency business.
What is a Hero Token->Hero has been created to make both financial return and positive social impact. A Hero token represents the right to receive a reward, which is part of the interest income earned. It does not represent equity in the company nor have any intrinsic value. All tokens in aggregate will have the right to receive up to 20% of interest income.
Benefit from the token->
Hero has been created to create both financial return and positive social impact.
A Hero token represents the right to receive a reward, which is part of the interest income earned. All tokens in aggregate will have the right to receive up to 20% of interest income.
The tokens will be assigned pro rata to the fund provided during the token sale. Up to 20% of the distributable interest income is transferred to the specific Ethereum (ETH) wallet on a quarterly basis. The ETH is then redistributed to all holders of Hero tokens according to the smart contract conditions (i.e. the stake of interest income is received pro rata the share of tokens owned.) Long term Hero will strive to distribute the rewards in a shorter period of time, with the target of monthly reward distribution.
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 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.
The total number of tokens will be determined after the end of the ICO. Minimum fees are not indicated, the maximum is 250 000 ETH . The Hero Token is created according to the ERC-20 standard on the Ethereum unit .
Hero token is a symbol of Hero.
Price of the token — 1 Hero = 0,005 ETH
200 Hero cost 1 ETH
The start of the Presale will begin on November 20.
End: will be announced later, the approximate date is December 20.
Conclusion: Hero is more than a token. This is a technology that can break the credit industry and help those who need the most. Hero offers the opportunity to earn those who own tokens. Investors receive real rewards, which are directly adjusted to the size of the deposit. These awards will have a value of dollars and will be liquid.
Detailed information about the project and the conduct of the ICO you can follow the links below
More information here:
WEBSITE: https: //swarm.fund/
WHITEPAPER: http: //sites.swarm.fund/whitepapers/Cooperative-Ownership-Platform-for-Real-Assets.pdf
SLACK: https: //swarmnetworkgroup.slack.com/join/shared_invite/MjIzOTM2OTg5OTU3LTE1MDIyMTA5MDAtNzlmNjVkNWMyOA
LIGHTPAPER: http: //swarmlightpaper.strikingly.com/
Telegram: https: //t.me/swarmfund
My link profile BTC:https://bitcointalk.org/index.php?action=profile;u=1821637