RE: Populous – My Take on the PPT Price
Hi @sadeki I will try my best to answer to the best of my knowledge.
At the moment Pokens are only used inside the platform as a form of currency and is pegged 1:1 with fiat so it will not fluctuate in value. If you buy 1 poken for GBP1 it will alway be worth GBP1. You can use fiat to buy the Pokens or you can use PPT. PPT are used as collateral by Populous, so if the market price of PPT is GBP10, then you can buy 10 Pokens with 1 PPT i.e. you have GBP10 to invest with. Pokens are used to buy invoices on the Populous platform and you make a return when buying the invoices. The interest are paid to you in Pokens which you can use to reinvest on Populous or cash out into fiat.
The Populous tokens can go and down in price depending on market demand. Only the Pokens are stable in price.
I do not really know how many developers they have on their team, the website will not list every single person but their key personnel.
I made a second post today on PPT and you should also take a look at that too.s every single person, just the key personnel
Oh! Now I get it. So they have two coins: one that fluctuates in price and the other is fixed.
I understand the use for pokens, but I don't get the need for the other one.
Hi @sadekj, I have more interesting posts on Populous with my interpretation if you are interested. Check out my bogs.
Thank you. I will check it soon.
The PPT tokens can be traded on the exchanges like all token but can also be used in the platform as collateral for investing. My second post will give you give more explanation. https://steemit.com/populous/@marcusxman/populous-a-plate-of-ppt-with-plenty-of-secret-sauce