HERO | The future of banking in Southeast Asia through credit tokens is easier and more affordable

saeroji92 (33)in #ethereum • 7 years ago

We, as Southeast Asians, are part of several countries and countries such as Indonesia, Malaysia, Timor-Leste, Singapore, Brunei Darussalam, Philippines, Thailand, Cambodia, Laos, Myanmar, Vietnam and, although we are not Asean members, Papua New Guinea and Australia is adjacent to Southeast Asia.

Why am I calling these countries? They are a country located in Southeast Asia. Southeast Asia is the fastest growing region in the world. This is the best internet market in the world. Only 27% of Southeast Asian people have bank accounts. Most Southeast Asians and Filipinos still can not have bank accounts, but they are Internet users who are ready for innovative solutions.

What is HERO?

Present a Smartcontract token called Hero. Hero is the first and the newest bank in Southeast Asia that is decentralized using blockchain technology. Hero comes to revolutionize the banking industry so that credit is more available and more affordable for people who do not have banking services and who do not have access to banking in Southeast Asia. Not having a bank account is a person who has money, but does not keep his money in the bank, banking is not the other way around.

Mission

The Hero's mission is to revolutionize the banking industry so that credit is more available and more accessible to those who do not have bank accounts or who do not have access to banking from Southeast Asia.

*Since 2015, we have helped thousands of Filipinos access short-term loans and the number is growing rapidly. As an inner pioneer
*Online loans in Southeast Asia, we have become one of Fintech's most famous startups to annoy
*The credit industry is stuck and multi-million dollars. Through our platform, we've provided revolutionary solutions for key issues among emerging markets that do not have bank accounts and are underdeveloped.

Based in Singapore, we operate online without branch infrastructure, which enables us to keep operating costs low and stay focused on our customers. We turned the loan into a flexible, transparent and highly efficient digital experience for Southeast Asia.

Our vision is to disrupt the current financial system that excludes 2 billion people from the banking system by utilizing technology to create a more inclusive system that allows people to access credit.

How it works

Pawnshops in everyone's pockets

Pawnshops interrupt the traditional pawnshop experience by providing virtual and physical hybrid services.

The PawnHero operating platform ("Opus") combines a seamless frontend customer experience with back-end operating processes

enables PawnHero to manage and control customers and business experience.

The Client sends the article information ("Request") at pawnhero.ph by phone or desktop computer. After the client sends your item details through a series of drop-down menus, Opus links the request to our Magnus Loan pricing model which instantly offers multiple loan offers to customers with different loan maturities. The client then selects preferred and guided loan offer through Customer Information, Payment Methods, and Shipping module.

Opus then arranges for PawnHero motorcycle courier ("PawnTrooper") to take items from customers' homes at no cost to customers. At the time of collection, PawnTrooper completed the legally required procedure to Know Your Customer (KYC), issued a pawnshop ticket to the customer and received the goods to deliver it to our Operations Center.

In the Operations Center, our expert reviewers authenticate articles and evaluate the state of the article. If authenticity of the goods is confirmed and the condition of the goods represented in the Request, the loan is released through Opus to the preferred payment option selected by the customer. If the goods are not original, the goods are returned to the customer and the customer will be charged a shipping fee of 100 pesos (USD 2). If the item is genuine but not in the conditions represented in the Request, the appraiser estimates the revised value of the item and Opus offers a new loan offer via SMS and email to the customer. If the customer receives a revised offer, the loan is released via Opus to the payment option selected by the client. If a customer declines a revised offer,

Pion Hero stores the items promised at the Operation Center in a safe and environmentally safe safe. Opus tracks the movement of the items promised during the process until the goods are returned to the customer after being exchanged with PawnTrooper or the item is sold.

On or before the loan maturity date, the customer may, through some payment options, make a loan repayment or request a loan extension. If the customer is unable to exchange or renew before the expiration date, the loan enters a legally required notice period of 1 month for electronic products and up to 3 months for non-depreciable goods. Upon completion of the notice period, if the customer has not made the necessary exchange and additional interest payments are payable, then Opus completes the notice and public auction process required by law and then places the merchandise sold in our market.

Pion Hero offers several payment options for loan disposal ("Pay") and loan and / or loan extension payments ("Pay in"). Major payment partners include Paynamics, which offers multiple over-the-counter transactions in banks across the country, and Pay In and Pay Out at some retail stores, including leading stores like 7/11 and other stores in the Philippines .

We also associate with Blockchain enabled platforms that allow anyone, including those without bank accounts, to easily access financial services directly from your phone. By using Coins, customers have access to mobile wallets and services such as remittances, publishing time, bill payments and online purchases to over 100,000 merchants receiving digital currencies. Another option is ATM cardless extraction. PawnHero continues to add Pay and Paid options with major Philippine companies in banking, money transfers, e-wallets, digital money and retail location processing businesses.

Our current product

Where are we going

Hero opted to work with Ethereum, enabling the development of customized applications programmed into blockchain, such as smart contracts, access to databases and storage. The smart Ethererum contract represents the basic principle of smart contract pawnshops, although it is done manually and without connection. Ethereum Blockchain along with Machine Learning, Artificial Intelligence, and IoT enable revolutionary innovation of Heroes to perform transactions both in the financial system and the real economy.

Understanding blockchain technology is not for the average person. We have repeatedly seen that poor people need an excuse to worry about bitcoin as a currency. Unattended customers will not use bitcoin because of its inherent freshness. Bitcoin eventually becomes a complex concept that, unless it is associated with a trusted trust currency or a local cellular money system, has no value. Our core team has been living in emerging markets for many years and understands this challenge very well. We understand that there is an ecosystem in which it is received.

Hero uses blockchain bitcoin as a back-end to conduct transactions in local currency and provides a clear way to ensure customers are comfortable with the product, while receiving technology and cost benefits of blockchain technology. Because we have a network of over 100,000 partners and suppliers to provide easy money withdrawal / withdrawal options that can be easily understood and trusted by dominant consumers.

Competitor

Banks are very binary, yes or no. They do not have a gray color and you probably have 9/10 of the requirements, but they are still high risk and will not have access to the loan. We want to make sure that other factors in a person's life are when giving them access to credit.

In addition to the fact that the loan could take up to 20 days to pass through the bank approval process, our technology can reduce this by a fraction of the time using machine learning techniques to build predictive algorithms.

Benefits of Blockchain

How does the blocking chain begin to have a real meaning in the lives of two billion people ostracized across the world?

Blockchain can be a solution. First, this technology is a powerful and new tool for improving financial inclusion, which can affect many financial institutions and improve bank performance in the global economy. By demystifying traditional lending institutions and radically simplifying the process, blockchain can ultimately enable instantaneous loans without friction, so people do not wait an hour or more, travel long distances or risky lives and physical integrity in hazardous environments at night. just to get a loan.

Second, will involve Second, will increase administrative responsibility. If microloans are listed in a block chain and anyone can access them, they can hold responsible for responsible bad behavior. Blockchain as a technology, has the potential to overcome all the complexities of this loan process. With inherent open accounting concepts, decentralized platforms, smart contracts and integrated central database, blockchain achieves transparency, profitability, regulatory compliance and risk analysis in the credit process.

By reducing manual review, data re-entry, and system reconciliation, the system provides direct cost savings to the company. The processing of loan data can be done exclusively in distributed ledgers that reduce risk and increase transparency and responsiveness, the technology itself serves as a rule.

Blockchain's technology creates a series of entirely unimaginable business models, such as Hero, that enable both individuals and businesses.

Token hero

What is symbolic sales?

This document provides a full description of the Hero, its application and its benefits, the team involved in the project, the next Hero initiator (sometimes called "ICO" or "crowdsale"), Corporations and goals the hero wants to achieve. .

The token sale is an event in which the new cryptocurrency project sells part of the cryptocurrency token to the user and the first fan in exchange for the funds. For parts that offer tokens for sale, this has been a well documented and respected way to improve existing products or services.

Why token sales?

Although PawnHero already has a central bank license, a product in operation and thousands of customers, taking PawnHero to the next level requires more capital to increase our impact. We need to continue to develop products, enter new markets and hire talented people to help build businesses. The benefits will enable us to accelerate the construction of our secure and unsecured loan algorithms that require larger loan volumes than we can currently support.

Providing tokens instead of the traditional venture capital round allows the community to participate in PawnHero's success story, rather than simply restricting it to the small number of selected traditional venture capital funds. By issuing a hero token, the tokenholder will benefit from PawnHero's future success. Symbolic sales are fast, transparent and efficient for this purpose.

Token name

Hero Token (Symbol HERO) - The future of banking in Southeast Asia

The number of tokens made for the Hero chain depends on how many coins are sold during the token sale. Maximum 250,000 Ethereum tokens (ETH) will be accepted for the purchase of Hero tokens in the sale of this token. The maximum amount will contribute, in turn, will represent 80% of all tokens of the hero. Since we do not know the amount to be sold, token sales operate on a percentage basis to ensure justice for all. If the maximum amount is reached before the end of the sale in TBD, which is 4 weeks after the start of the token sale, we deduct the token sale. In the case that the maximum amount is not fully funded at the end of the token sale, the percentage of 80% of all tokens will be adjusted,

Value for investors
Hero is strategically designed to add value to the Hero network:

Prizes as tokens - as flowers

The social impact of helping access that is not affordable, access to affordable credit

Buy again: companies can use a percentage of the profits to buy back Hero tokens from an open market at a price

the prevailing market, therefore, the token value must be positively correlated with success

project.

There is no risk of not paying interest on the mortgage loans granted by PawnHero. PawnHero maintains the total interest payable during the duration of the advance mortgage loan by reducing interest from the income credited to the customer. For example, a 1,000 peso Filipino (PHP) loan with a 3 month term and a monthly interest rate of 2.99% will generate PHP 89.7 interest. PawnHero just released 910.3 PHP to the client and, therefore, collected a total of 89.7 PHP's interest without the default risk. After a period of 3 months from the loan, the client is required to redeem the loan by paying 1,000 PHP. Depending on the underlying guarantee, PawnHero offers customers a loan extension, at which time the loan will be renewed and at that time additional interest will be generated. Investors receive 20% of the collected interest. So that's 20% of 89.7 PHP. For the quarterly quarterly interest distribution, the sum of all loans disbursed in that period is used.

To participate in the sale of a hero token you can send the following coin from a directly controlled wallet (do not send from

exchange) to Hero's wallet.

Ethereum (ETH)
ETH Classic
Bitcoin (BTC)
Wave
LiteCoin
Wave
The wallet address will be available on our website www.herotoken.io before the actual token sale. The hero's token will be sent to the buyer once the token sale is complete. Redirects will start on the first trading day, which is scheduled to begin after the token sale ends in September. After the sale of this token, no additional hero tokens will be created.