HERO >>>>The Future of Banking in Southeast Asia
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.
MISSION->
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.
What is a Hero Token->
Hero has been created to make 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. It does not represent equity in the company nor have any intrinsic value. All tokens in aggregate will have the right to receive up to 20% of interest income.
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.
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Official Website : https://herotoken.io
Bitcointalk Announcement : https://bitcointalk.org/index.php?topic=2088817
https://bitcointalk.org/index.php?action=profile;u=960338
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