#Hero Token Review.

cryptojb (48)in #trending • 7 years ago

About Hero (HERO) Token

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. Headquartered in Singapore, Hero’s vision is to disrupt the current financial system that excludes 2 billion people from the banking system by leveraging technology to create a more inclusive system that allows people access to credit.

Pawn Hero is seeking to raise an ICO in order to evolve its business further, enabling larger collateralized loans, more accurate record keeping on the blockchain, and saving costs by removing the infrastructure of identity checks (which would also be kept on a chain).

Token sale allocation

There will be 50,000,000 Hero token supply (or 250,000 ETH worth).

Positives

Pawn Hero is currently in an emerging market in Southeast Asia – regarding pawnshops themselves, they have grown massively due to the unbanked population problem, reaching over 5 billion US Dollars in the total market cap. Pawn Hero, which was started in 2015 is a rather small competitor compared to other more established franchises – still, its advantages and user experience (they have a simple mobile app and easy site to pawn items on, as 50% cheaper lending rates compared to average pawn shops) provide a possible entryway to increasing market saturation.

Negatives

Pawn Hero ultimately feels like you’re investing in exactly their company and nothing else. usage of the blockchain itself is likely not something that is necessary for this kind of project. Looking over the team behind Pawn Hero leaves something to be desired, as it is very little in the way of real blockchain developers – a definite misstep if there is to be one when the entire purpose of this ICO is to leverage the advantage of the blockchain.

Secondly, there is a large question of future potential as a project. Pawn shops are only utilized in South East Asia because of the lack of banking for individuals – once banking systems begin to accept these unbanked citizens (or, a blockchain project that actually addresses this problem), I foresee that Pawn Hero will likely lose a lot of steam and popularity unless they pivot.

Conclusion

The hero is the first banking expanding in Southeast Asia. The hero will be the next big thing in future banking in the fastest growing emerging economies in Southeast Asia. In the Philippines, OF Remittances is expected to grow around 5% in 2017 or around 28.245B USD. The hero is also opportunistic to expand at fastest growing economies in Southeast Asia, capturing at around 3% market share. Also, Hero is backed by a strong community with over 79,015 Facebook page, 78,916 Facebook followers and 3,905 Twitter followers and counting; and trusted by stable big Companies such as Softbank, Alibaba and Spiral Ventures. These supporters and backers will greatly move Hero token to stable price in the future.