HERO- 1st bank in South East Asia launched credit card for cryptocurency Market

According financial anlaysis and technology advancement in Southeast Asia.These new features have led to rapid economy development region in the world . Just 27% of the people operate bank accounts. In under developing countries like Cambodia, the number below 5%. Lack of access to basic financial services has created serious obstacles to poverty alleviation, making loans or saving almost impossible. This makes them lose most of the most basic services and opportunities. HERO's objective is to distrupt the banking industry, making loans more accessable and affordable for those who do not use banks or can not use them, in Southeast Asia.

Hero The Future of Banking in Southeast Asia
maniakbtc (15) in cryptocurrency • 6 months ago
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.

What is a Hero Token

HERO is built as an ERC20 token on the Ethereum blockchain and is identified through the ticker symbol Hero.The token sale is an event in which the crypto-currency project sells part of its tokens to early adopters and enthusiasts in exchange for funding.The Hero Token enables the community to participate in PawnHero's success story, rather than limiting it to a small, selected number of traditional venture capital funds. By issuing Hero tokens, tokenholders will benefit from PawnHero's future success. A token sale is fast, transparent and efficient for exactly this purpose.

How do I 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
What is the total supply of token

A maximum of 250,000 Ethereum (ETH) tokens will be accepted for the purchase of Hero tokens in this token sale.

Each Hero token will be sold for 1/200 ETH (1 HERO token is equal to 0.005 ETH), meaning 1 ETH will give you 200 Hero tokens. For each token and cryptocurrency, you will receive Hero tokens in exchange, just as if you bought them with Ether or Bitcoin instead. The exchange rate that will be used to calculate this will be based on the rate of the currency or token you would like to use vis-a-vis Ethereum.The amount of tokens that are created for the Hero chain are all dependent on how many coins are sold during the token sale.

The maximum amount contributed will in turn represent 80% of all Hero tokens. Since we don’t know the total that will be sold, the token sale operates based off of percentages to ensure fairness for all. Should the maximum amount be reached prior to the end of the sale on TBD, which is 4 weeks after the start of the token sale, we will cut off the token sale. In the event that such maximum amount is not fully funded by the end of the token sale, the percentage of 80% of all tokens will be adjusted accordingly, with the difference between such lower amount and the maximum amount being reserved for future token sales.

No tokens are pre-issued before the end of the crowdsale event. After this token sale, no additional Hero tokens will be created.

When will the token sale start

Hero are announcing the exact date of the token sale soon (last updated Aug 16th, 2017). If you are interested to participate in the pre-sale. You may join Slack https://herotoken.herokuapp.com, subscribe to newsletter or email [email protected] to receive the latest updates.

At that time we will offer 80% of all Hero tokens to be created for purchase by the public in the Hero Token Sale under the ticker symbol Hero.The remaining 20% of all Hero tokens will be distributed to bounties, early believers, advisors and founders to ensure long-term alignment of interest and commitment to the tokens and their future value.

Hero token distribution starts 2-3 days after the end of the token sale.

Are there any other perks

Extra tokens are offered to those who commit early. Please see the table below for the bonus token schedule.

Day 1 (first 3h) +30% token bonus;
Day 1 (3:01h-24h) +20% token bonus;
Day 2 and day 3 +10% token bonus;
Day 4 to day 7 +5% token bonus;
Day 8 to 14 2.5% token bonus;
After day 14 0% token bonus.
Bonus tokens are allocated on top of the tokens you are purchasing. For example, if you are planning to buy tokens for 50 ETH within the first 3 hours, you will receive 10,000 tokens plus another 3,000 tokens as a bonus (which represents 30% of your 10,000 token purchase), so 13,000 tokens in total.

How can I participate in the token sale

Use only the wallet address that we make available on Hero website at www.herotoken.io prior to the token sale.

Around 2015, the team launched its first product - the first licensed online pawn shop in Southeast Asia. PawnHer actually turns the phone into a pawnshop. The PawnHero operating platform ("Opus") combines a seamless external client interface with an internal operating system, enabling PawnHero to manage and monitor customers and businesses.
Hero is the future of banking that provides secured loans to non-bank and non-bank customers throughout Southeast Asia. With the launch of the encrypted currency unit called Hero Token, Hero is planning to expand Blockchain and unsecured loans. With the support of investment funds such as Softbank, Alibaba and 500 startups, the organization began operating in the Philippines in 2015, and since. affordable loans. Hero is built as an ERC20 icon on an ethylene block and is recognized by the symbol of the Hero symbol. The sale of a token is the event in which the encrypted currency project sells part of its symbols to the first and enthusiasts for financing. Hero's "Hero" code enables the community to participate in Pawnero's "PawnHero's" success story, rather than reducing it to a small number, selected from conventional venture capital funds. By issuing "Hero" symbols, the iconic characters will benefit from PawnHero's success in the future. The codes sell fast, transparent and effective for exactly that purpose.

TOKEN
The amount of symbols created for the Hero series depends on how many coins are sold during the sale of the token. The maximum amount contributed, in turn, represents 80% of all hero codes. Since the total amount to be sold is not known, the sale of the token operates on a percentage basis to ensure equity for all. If the maximum amount is reached before the end of the sale, ie, 4 weeks after the start of the sale, we will cut the sale. If this maximum amount is not fully funded by the end of the sale of the token, 80% of all codes will be adjusted accordingly, keeping the difference between this minimum amount and the maximum "token" future sales. Icons are not issued before the end of the event. After this token is sold, no additional "Hero" icons will be created.

ICO
Symbol - HERO

Total stock 250,000 Ethereal (ETH) cost of hero-token (equivalent to 50,000,000 tokens). The final number of the hero tokens is determined after the end of the sale of the marker based on the amount deposited.Payment structureUp to 20% of the distributed interest income is transferred to a certain Etherium wallet (ETH) every three months. Then ETH is redistributed to all holders of the hero's tokens in accordance with reasonable contract terms (i.e., the percentage of interest income receives a proportionate share of the token owned).
BONUS SCHEDULE

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%.
Hero is more than just a token. This is a technology that can break the credit industry and help those most in need.

Official page: https://herotoken.io/

Whitepaper : https://s3-ap-southeast-1.amazonaws.com/herotoken/Hero+Whitepaper_111617.pdf

Bitcointalk: https://bitcointalk.org/index.php?topic=2088817

Telegram: https://t.me/herotokensale

Medium: https://medium.com/@herotoken

Reddit: https://www.reddit.com/r/HeroToken

Facebook: https://www.facebook.com/PawnHero.ph

Twitter: https://twitter.com/PawnHeroPH

Linkedin: https://ph.linkedin.com/company/pawnhero

https://bitcointalk.org/index.php?action=profile;u=1299546

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