HERO: helping those who are in need

Nowadays, cryptocurrencies are trending across the world and continuing to gain global attention as the blockchain technology offers decentralized system where data can be shared, in an open and transparent method.

Cryptocurrencies have different technology behind its creation for the real application in the real world. Bitcoin used for payments and as a currency while Ethereum used for smart contracts.

Now, Hero supports an innovative financial system to make credit more readily available and affordable for the unbanked or underbanked, starting in Southeast Asia with the help of blockchain technology and smart contract.

It will create an innovative financial service marketplaces primarily focus on promoting financial inclusion, transparency, and efficiency to provide capital for underserved individuals and businesses in markets and to those who are heavily burdened by the traditonal financial systems.

Why Hero will focus primarily in Southeast Asia?

According to study made by Google, Southeast Asia internet economy by 2025 will reach 200 Billion USD and it is the world's fastest growing internet region. However, more people have Facebook account than bank accounts. They are still unbanked or underbanked and cannot get access to affordable credit because of the current financial system. The priority markets of Hero Capital Market Platform are the Philippines, Indonesia, Vietnam and Thailand.

The Problems with Bank System and Traditional Lenders:

Borrow against your assets.

This means that they will lend you the same amount of money you have in your savings account, using your money as collateral. This is good for the bank but for the borrower? It will be difficult with low savings and start up businesses to get much needed capital to grow their business.

It is also difficult to get a loan through traditional lenders; especially if you are new in your business. It can take months to apply and few businesses rarely get approved. Banks prefer a businesses running for years because they can see its credit history before giving the loan or businesses with established solid financial position.

Small business owners and start-up entrepreneurs are obtaining a loan to banks or credit agencies to get the necessary funds to turned their dream business into a reality but if they will not be able to pay the loan, worse they may get in bankruptcy or may end up in alley.

There is hope with Hero!

Credit are now more readily available and affordable for the unbanked or underbanked through Hero Capital Market Platform.

They can register through the Platform as a potential Borrower and the Platform will match the borrower to several potential Originators that have been accredited by the Foundation.

Transparent

Borrower can evaluates the experience of the Originators, reputational score provided by the Platform, and quoted fees and engages the services of the Originator through the Platform.

The Originator conducts the legally required due diligence including KYC and AML and annotates the WIPT with the relevant information and standardized documentation including credit ratio analysis through the Platform.

All information on Borrower Tokens from the origination of the token through issuance, and settlement will be available for all Platform participants.

Efficient

The Platform will facilitate the efficient pooling of resources and efforts of the participants. Instead of having multiple parties focus their efforts individually and with little coordination, the Platform will enable all parties to cooperate and contribute to the Borrower Token issuance.

Learn more about Hero Platform.

Visit the Hero official website : https://herotoken.io/

For announcement, visit here: https://bitcointalk.org/index.php?topic=2088817

Token Sales

The Token Sale began on February 1, 2018 at 8pm and will end this February 28, 2018 at 8pm (GMT+8). All contributors are required to create an account atmembership.herotoken.io and submit certain personal information and provide a valid government issued ID.

To know more about Hero Token Sales, visit here: Hero Token Sale Tutorial

Conclusion:

Putting a financial platform in the blockchain technology will make the transactions transparent and highly secure. Using blockchain technology can give people more control on their data.They will soon realized that they will have more power than before over our data.

With Hero Capital Market Platform, the borrower will be able to see originator reputational score provided by the platform and that will give borrowers a comfort of level. The idea of smart contract will give us more control over our data and transparency is the key to Decentralization.

Authored by:

Bitcointalk profile: @imdada

Disclaimer: I am not a financial advisor. It is not intended to be investment advice.

I do research and reference the sources that I use within my writing. This is my personal views and opinions and is for information purposes only.