Two billion people, about 40% of the global population, [1] are still unpaid or loaned and unable to gain access to affordable credit, even if they have good paying jobs and are connected to the Internet. While it has made our global economy fade, the financial services industry is now full of problems that make it more exclusive than inclusive. For one, it is arguably one of the centralized industries in the world, and also the last industry to experience the transformative effects of the technological revolution. Forts of the old financial order such as banks are trying hard to maintain a monopoly and often hamper innovations that might disrupt their business. The financial system also runs on outdated technology and is governed by the rules of the nineteenth century. It is full of uneven contradictions and developments, which slows down, often at times feels insecure, and very opaque to many stakeholders.
Financial institutions do not provide services to unrepresented parties because they are unprofitable or too risky to serve. More importantly, because of their monopoly position especially in developing countries, many incumbents have no incentive to improve products, improve efficiency, improve consumer experience, or appeal to the next generation of customers.
Blockchain technology can free many financial services from the limitations of the old institutions, encourage competition and innovation to provide better, faster, and cheaper financial services to those who are outside or heavily burdened by their local and formal financial systems. Savings and loans are the basic building blocks of modern society, serving as a fuel to fund economic growth and funds when needed financially.
Today we call the first as capital, and the last as credit. Increased access to capital for unprofitable ones can have a positive impact on historical proportions. Without access to capital, the Columbus expedition to America may not have occurred, and possibly the next exploration of the "New World". Without the proper financing mechanism, both the Industrial Revolution and the technological explosions in Silicon Valley will spread at such rapid pace. Both national and local economies are influenced by the ease or difficulty of accessing capital. Access to credit is equally important. If you translated the previous example to the local level, you have billions of people who do not have credit access to allow them to go to school, stay healthy and grow their small businesses - credit stays a roadblock to economic prosperity for billions of people, even if they have talent, ambition and work ethics to prosper.
Today we call the first as capital, and the last as credit. Increased access to capital for unprofitable ones can have a positive impact on historical proportions. Without access to capital, the Columbus expedition to America may not have occurred, and possibly the next exploration of the "New World". Without the proper financing mechanism, both the Industrial Revolution and the technological explosions in Silicon Valley will spread at such rapid pace. Both national and local economies are influenced by the ease or difficulty of accessing capital. Access to credit is equally important. If you translated the previous example to the local level, you have billions of people who do not have credit access to allow them to go to school, stay healthy and grow their small businesses - credit stays a roadblock to economic prosperity for billions of people, even if they have talent, ambition and work ethics to prosper.
MISSION AND VISION.
MISSION Hero is revolutionizing the banking industry to make credit more accessible and affordable by unbanked or underbanked start in Southeast Asia. Since 2015, we have helped thousands of Filipinos access short-term credits and their numbers are increasing rapidly. As a pioneer in online lending in Southeast Asia, we have become one of Fintech's most prominent startups to disrupt the highly entrenched multi-billion dollar lending industry. Through our platform, we deliver revolutionary solutions for companies that do not own shares and are not tied to emerging markets.
Headquartered in Singapore, we operate online without branch infrastructure, enabling us to keep our operating costs low and stay focused on our customers. We turned the loan into a frameless, transparent, and highly efficient digital experience for Southeast Asia.
Our VISION is disrupting the current financial system that does not include 2 billion people from the banking system by utilizing technology
creating a more inclusive system that allows people to access credit.
SOLUTION
"Banking is necessary, bank not."
- Bill Gates Uber has nothing to do with cars, but it creates an entirely new transportation experience. Values have less physical network - especially traditional branch networks. [9] The branch charges and associated staff costs constitute 60-65% of the total cost for a brick and mortar lending company with a large branch network. Moreover, approximately 60-70% of employees perform manual-based work processes and these inefficient processes increase the cost of running a physical network. It is more error prone and there is a long process of human decisions involved. We believe the bank tomorrow will look different from the current bank. But by the time they get there newcomers have a window of opportunity to innovate better value at a lower cost, and create better customers. experience and Hero wants to be the one who led the change.
Introducing Hero, the future of banks that provide loans with guarantees to uneducated and unbounded consumers throughout Southeast Asia. With the successful sale of this token, Hero intends to expand into a no-load, blockchain-based loan. Supported by venture capitalists such as Softbank and Alibaba, the organization started operations in the Philippines in 2015 and has since helped thousands of Filipinos gain access to affordable credit.
Our first product was launched in 2015 and is the first licensed online lien company in Southeast Asia. PawnHero basically turns the phone into a pawnshop. Since we do not maintain pawnshop technology and physical leverage, we can reduce interest rates by more than one-half, giving access to cheaper credit that improves livelihoods. We do not restrict ourselves to jewelry but also receive electronic items, watches and other warranty bags. Filipinos no longer need to leave the comfort of their homes to get loans. In the past two years, we have lent to individuals who will be turned away by traditional pawnshops because of the kind of collateral they collect and also by banks because they have no credit history. We have improved access to credit using the internet and we want to measure its impact using Blockchain.
Details of Hero tokens sales.
At 8pm Singapore Time TBD we will offer 80% of all Hero tokens that will be made for public purchase in Hero Token Sale with the ticker symbol Hero. The remaining 20% of all Hero tokens will be distributed to gifts, early believers, advisers and founders to ensure alignment of interests and long-term commitment to tokens and their future value.
Each Hero Token will be sold for 1/200 ETH, which means 1 ETH will give you 200 Token heroes. For each token and cryptocurrency, you will receive a Hero token instead, just as if you bought it with Ether or Bitcoin. The exchange rate to be used for this calculation will be based on the currency or token rate you wish to use vis-a-vis Ethereum. Just use the wallet address that we provide on our site at www.herotoken.io before selling token.
Token Hero Token Name (Symbol HERO) - The Future of Banking in Southeast Asia
The number of tokens made for the Hero chain all depend on how many coins were sold during the token sale. A maximum of 250,000 Ethereal tokens (ETH) will be accepted for the purchase of Hero tokens in the sale of this token. The maximum contribution amount in turn will represent 80% of all Hero tokens. Since we do not know the total 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 several weeks after the start of the token sale, we will deduct token sales. If the maximum amount is not funded entirely at the end of the token sale, the percentage of 80% of all tokens will be adjusted, with the difference between the lower amount and the maximum amount reserved for future token sales.
To participate in the sale of Hero tokens you can send the following currency from a wallet that you control directly (do not ship from exchange) to Hero's wallet.
*Ethics (ETH)
*ETH Classic
*Bitcoin (BTC)
*Ripple
*LiteCoin
*Waves
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 after the end of the token sale. Transferability will start from the first day of trading, which is planned to begin after the token sale ends in September. After selling this token, no additional Hero tokens will be created.
MAP.
Site Information:
Website: https: //herotoken.io/
Announcement: https: //bitcointalk.org/index.php? Topic = 2088817
AUTHOR:JELAMBAR111
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