HERO TOKEN

HERO Token is a sign of banking in Southeast Asia. For under HERO Token, you must first understand the wider climate in Southeast Asia. It seems that many older crypts from the United States and Western Europe do not know or understand the South Asian market and their dynamics. However, the block chain is global technology, and more and more, we see many new products and innovations coming from other regions as well. HERO is the right benchmark for Southeast Asia.

Enter the HERO token. It is a leading fintech company that comes from Southeast Asia, and helps provide credit locally. They take a large, long-standing loan industry and do not leverage the power of the internet.

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.

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.

How It Works?

Pawnshop in Everybody’s Pocket

PawnHero disrupts the traditional pawnshop experience by providing a hybrid virtual and physical service. The PawnHero operating platform (“Opus”) combines a seamless frontend customer experience with backend operational processes allowing PawnHero to manage and control the customer experience and the business.

The customer submits item information (“Requests”) at pawnhero.ph through their phone or desktop computer. After the customer submits their item details through a series of drop down menus, Opus links the request to our Magnus Loan pricing model which instantly delivers several loan offers with different loan maturities to the customer. The customer then selects their preferred loan offer and is guided through Customer Information, Payment Method, and Delivery modules.

Opus then arranges for a PawnHero motorbike courier (“PawnTrooper”) to pick up the item from the customer’s home at no charge to the customer. At the time of pickup, the PawnTrooper completes the legally required Know Your Customer (KYC) procedures, issues a pawn ticket to the customer, and receives the item for delivery to our Operations Center.

Priority of Projects.
The selection of prioritization of projects is upon the Foundation’s sole and free discretion. The Hero Capital Market Platform intends to prioritize projects by order of priority based on the following criteria:

• Registered and unregistered secured and unsecured corporate debt issues with
• variable terms and discounts to face value with bullet repayment of principal and interest.
• Registered and unregistered periodic amortizing instruments secured and unsecured.
• Primary and secondary secured residential mortgages.
• Secured automobile and motorcycle loans.
• Sponso 5. Sponsored unsecured credit lines based on credit scoring model.
• Equity type securities.

For more information, please visit the official website below:

Website: https://herotoken.io/
Ann Thread Bitcointalk: https://bitcointalk.org/index.php?topic=2088859
Whitepaper: https://s3-ap-southeast-1.amazonaws.com/herotoken/Hero+Whitepaper_111617.pdf
Telegram: https://t.me/herotokenbounty
Twitter: https://twitter.com/HeroTokenIO?lang=en
Facebook: https://www.facebook.com/HeroTokenIO/

AUTHOR : ALEX789