Hero Token Platform
Table of contents:
- Hero Token platform
- Problems and solutions
- How does it work
- The ICO condition
Hero Token platform
HERO TOKEN – the future of banking in Southeast Asia
Founded in the Philippines, PawnHero is the first online pawnshop in South East Asia. It is aimed at solving the problem of expensive credit in a country where only 20% of the population has bank accounts and less than 5% own a credit card.
PawnHero does not have a physical branch and only on the network. Due to this structure, the company can offer more competitive conditions than other credit companies.
Hero Capital Market will be a certain set of decentralized applications based on the blockbuster etherium, as well as interfaces for mobile and web applications for borrowers and financial services providers. These tools will ensure the interaction of market participants among themselves and the maintenance of reliable work of the detachment.
Platform Hero Capital Market will create a unique network of funds that provide financial services and aimed primarily at increasing accessibility, transparency, efficiency, as well as providing loans to individuals and legal entities.
Use blocking technology and smart contracts to ensure the legitimate release of tokens denominated in crypto currency or fiate, through which individuals and legal entities that do not have the opportunity to use banking services today will be able to obtain a loan.
Problems and solutions
Two billion people, about 40% of the world’s population not yet covered by banking services or services and can not access low-cost loans to allow them to go to school, stay healthy and grow their small business loan remains an obstacle to the economic prosperity of the billions of people.
Hero Token The capital market platform will use blockchain technology and a smart contract that will allow the network of financial services markets to include a number of mutually complementary and mutually complementary projects in the Southeast Asian market focused primarily on improving financial accessibility, transparency and efficiency to ensure effective, conflict-free, legally and profitable translation of a digital currency from a local currency in order to provide capital to individuals and companies in markets that are currently lyucheny of a transparent and efficient access to financial services.
Blocking technology can release many financial services within the old institutions, the development of competition and innovation, to provide better, faster, cheaper and financial services for those who are outside or heavily burdened by the local and formal financial system.
- Improves financial integration;
- Increases the efficiency of work;
- Releases from intermediaries;
- Allows to simplify and accelerate the loan process;
- Significantly simplifies the loan process;
- Provides access to fast loans;
- Eliminates the need for personal presence in the credit institution;
- Increases the responsibility of the borrower;
Processing of information about loans is carried out only on a distributed register. This allows to significantly reduce risks, increase transparency and efficiency.
Borrowers of funds on Hero Capital Market are issuers of crypto-currencies. They take responsibility for paying interest. Any user of the platform can become a borrower, but only after approval by the administration.
How does it work
Borrowers of funds on the Hero platform will be issuers of crypto currency tokens. They are responsible for meeting the obligations to pay interest on the loan and principal, which they take on issuing tokens. Any participant in the platform can become a borrower in case of approval by the originator.
Creditors of the platform are called heroes and, at their discretion and choice, can issue a loan to a borrower in crypto or fiat currency, for which they will receive a profit in the form of interest or other remuneration agreed with the issuer of the borrower tokens.
The originators of the platform are responsible for accrediting borrowers and providing them with all the necessary information for issuing the borrower tokens on the Hero platform. The originators conduct credit and financial analysis, verify the adequacy of collateral, and monitor compliance with laws in the field of combating money laundering.
With each release of debt tokens, the borrower and originator selects an assistant accredited to the main fund Hero. Assistants will be responsible for the periodic collection of interest on loans and for updating information on the adequacy of collateral, as well as for updating the financial analysis of the borrower. All this information will be contained in the borrower’s token from the moment of issue.
Payment service providers of the platform Hero Capital Market are responsible for currency conversion from crypto to fiat or vice versa, as stipulated in the smart contract. Also, these participants follow the established instructions for various currency transactions under smart contracts. This refers to the payment of interest on the loan, taxes and other.
Legal advisers provide the borrower with the necessary documentation and explanations that the sale of tokens complies with the current legislation of his country, and that he is fully responsible for his actions. The fact of explaining the borrower’s rights and obligations is also entered into a smart contract.
Collectors, called Hero vultures, will notify the heroes of their borrowers in the default or preddefoltnyh conditions, and they will be able to redeem tokens of similar customers by agreement and then try to get a return by lawful methods.
All Hero platform service providers (lawyers, originators, assistants and payment providers) receive a guaranteed percentage of the sales of the borrower tokens as payment for work.
The company will offer interested parties to contribute to the development of the Hero Capital Market Platform by participating in the purchase of Hero Token token.
During the validity period of the proposal, about 50,000,000 Hero Token tokens will be issued.
The company reserves the right to sell a certain part of the tokens during the pre-sale. The number of such tokens depends entirely on the company’s decision.
The final number of Hero Token tokens will be determined after the sale of the tokens based on the number and timing of the participants’ contributions. Before the end of the sale, the tokens are not transferred to the buyers.
Hero Token you can buy at a price of 0.005 ETH per one token (for payment we accept Ethereum (ETH), ETH Classic (ETC), Bitcoin (BTC), Ripple (XRP), LiteCoin (LTC), Waves.
If you want to buy Hero Token for a currency, you must first exchange it for the most convenient crypto currency.
The distribution of Hero Token tokens among buyers will be made as quickly as possible after the completion of sales, completion of audits and audits in accordance with applicable law.
The token symbol is HERO.
The standard is ERC20.
The preliminary stage is from November 20, 2017 to November 21, 2018.
The main stage is from February 1, 2018 through February 28, 2018.
The minimum volume of purchases at the main stage is not provided.
The recommended minimum volume is 1 ETH = 200 HERO.
The maximum volume is not provided.
The total output is 50,000,000 HERO.
All unsold tokens will be destroyed.
Soft-cap – $ 5,000,000.
Hard cap – 250,000 ETH.
Accepted currencies are ETH, BTC, BCC, ETC, XRP, LTC, WAVES.
Tokens will be released after the end of the ICO period or the achievement of the hard-cap.
80% – for sale and bonuses;
15% – promoters;
3% – to early partners and advisers;
2% – bounty.
The preliminary stage is 30% for the first 3 hours, 20% for the remaining time;
1,2 day of the main stage – 10%;
2-6 days – 5%;
7-13 days – 2.5%;
Further bonuses are not provided.
More information can be found here: