The treasure hunt continues...yea I gotta get a life but it's kinda fun and I have a boat load invested so here it goes....
The wallet page will be released shortly, this will basically be the way to send PPT to Populous and view PPT collateral positions. -populous tweet 7/26/17
BTC Consultant said Steve responded to him on slack saying everything is explained in the tweets regarding the use of PPT...Well, I've reviewed the tweets and yes they do reference articles such as "secret sauce" etc which explains a lot but not the specifics...
I read the tweet shown above that mentions the new wallet page coming soon and we can see there the "PPT collateral positions"....that means to me that PPT tokens will be used to collateralize the purchase of invoices (loan). So, here's my thoughts on the meaning...I'm guessing that the FIAT buyers enter the platform as an example and bids on say a 1M invoice for 30 days...In order for the FIAT investor to complete the buy, there must be 1M worth of PPT(pokens) put up by us PPT holders in order to complete (collateralize) the purchase. Without us (PPT), no purchase. So, whatever the price of PPT is at that time and that can be set by Populous within the platform in order to meet demand....Once there are 1M in PPT (either pool of smalls or large PPT holders)and 1M in investor $ the purchase is complete. So, essentially both PPT holders and FIAT imvestor are buying the invoice but without the PPT (collateral) it doesn't happen and thus the NEED for PPT as Clif says...
After 30 days the FIAT holder makes his return (.5% or whatever) and PPT holders get their PPT back plus 4% (or whatever) profit and then we do it all over again.
Obviously still guessing but this would make sense as to how it could work.
Got a little bored and also can't stop thinking about it cause it's exciting and I want to be aboard the Populous Caribbean cruise!
Thoughts? Anyone else bored? Lol
Well, it looks like I was on to something and many thx to Populous for responding to my tweets and looks like we will get an explanation to our question we've had for a while. See below for tweet:
"Currently doing an educational post on this matter. In short, PPT is used as collateral against the fiat liquidity pool"
Awesome news and we r all excited for PPT and the amazing potential to change our lives!