Populous Platform (PPT) API and Price Oracle

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Populous Platform

For informational use only; request a custom oracle/API for production below.
General information
Contract address
Smart contract address of the asset
Blockchain network where the asset is deployed
Pricing methodology used to determine the price of the token in USD. By default, all price feeds on the DIA App are calculated with a MAIR methodology. This parameter is customisable.Learn more about methodologies.
Update frequency
120 seconds is the default update frequency. This parameter is customisable.Learn more about oracle updates.
Next update
24h Volume
The total volume captured by DIA across all the integrated sources.
Volume 24h
Trades 24h
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Token information

What is Populous Platform (PPT)?

Populous Platform (PPT) is a blockchain-based platform designed for invoice financing. It serves as a marketplace where businesses can sell their outstanding invoices to investors for immediate cash flow. PPT was founded in 2017 by Stephen Williams as part of the Populous World company. The name "Populous" comes from the term "populace," representing the aim to provide financial inclusivity to a wide range of businesses.

How does Populous Platform work?

The Populous Platform is a blockchain-based invoice financing marketplace that aims to disrupt traditional invoice financing by connecting businesses looking to sell their invoices with investors looking to purchase them. The platform utilizes smart contracts and blockchain technology to facilitate the entire process in a secure and transparent manner.

Populous is built on top of the Ethereum blockchain, leveraging its decentralized infrastructure and smart contract capabilities. Ethereum is a popular blockchain network known for its programmable functionality, enabling the execution of predefined code logic, or smart contracts.

The functioning of the Populous Platform involves several key steps. First, businesses looking to raise funds sell their outstanding invoices on the platform. These invoices represent the money owed to them by their customers. Investors can then browse through the available invoices and choose which ones to purchase based on their preferences and risk appetite.

Once an investor decides to buy an invoice, a smart contract is created to facilitate the transaction. The smart contract holds the invoice details, terms, and payment information. It also automatically triggers the release of funds from the investor to the selling business once the invoice is settled by the customer.

This process provides businesses with quick access to liquidity by unlocking the value of their invoices before the payment is due. It also offers investors an opportunity to earn returns by purchasing these invoices at a discount and receiving the full payment later.

Overall, the Populous Platform leverages blockchain technology and smart contracts to bring efficiency, transparency, and accessibility to the invoice financing market. It streamlines the financing process, reduces operational overheads, and enables businesses to access working capital with greater ease.

What are the benefits of Populous Platform?

Populous Platform is a blockchain-based platform that offers innovative solutions for invoice financing and business funding. It provides several benefits compared to its direct competitors in the market.

One significant advantage of Populous Platform is its ability to connect businesses directly with potential investors. This decentralized approach eliminates the need for intermediaries, such as banks or financial institutions, which can often be time-consuming and costly. By cutting out middlemen, Populous Platform offers faster and more cost-effective funding solutions for businesses.

Another key benefit of Populous Platform is its global reach. It allows businesses from around the world to access funding opportunities by providing a borderless financial ecosystem. This opens up new avenues for growth and expansion, particularly for small and medium-sized enterprises (SMEs) that may struggle to secure traditional financing.

In comparison to other platforms, Populous stands out due to its use of blockchain technology. By leveraging the immutability and transparency of the blockchain, Populous ensures secure and accurate transaction records. This not only reduces the risk of fraud but also increases trust among participants on the platform.

Furthermore, Populous Platform offers competitive rates and flexible terms for both buyers and sellers. Its peer-to-peer marketplace allows businesses to negotiate financing deals directly, resulting in better terms and lower costs. This makes it an attractive option for businesses looking for affordable and accessible funding solutions.

Overall, Populous Platform brings numerous benefits to businesses seeking invoice financing and funding. Its decentralized nature, global accessibility, secure transactions, and competitive rates make it a strong competitor in the market.

What is Populous Platform used for?

The Populous Platform is primarily used for providing invoice financing and factoring services using blockchain technology. It aims to connect business owners seeking immediate cash flow solutions with investors willing to fund their invoices.

In common cases, the platform allows businesses to sell their outstanding invoices to investors at a discount, enabling them to access funds that would otherwise be tied up in unpaid invoices. This can provide valuable liquidity to businesses, allowing them to cover immediate expenses, invest in growth opportunities, or simply manage their cash flow more effectively.

One specific case in which the Populous Platform can be particularly useful is in the context of small and medium-sized enterprises (SMEs). SMEs often face challenges when it comes to obtaining traditional financing options, such as loans or lines of credit, due to their limited resources or lack of well-established credit history. This can hinder their ability to take advantage of growth opportunities or navigate through unforeseen financial difficulties.

By leveraging the Populous Platform, SMEs can leverage their unpaid invoices as collateral and access funds quickly. This can help them bridge gaps in cash flow, meet their financial obligations, and seize growth opportunities that would otherwise be out of reach. Furthermore, the transparency and immutability of blockchain technology can provide additional security and trust to all parties involved in the transaction.

In summary, the Populous Platform offers businesses a novel and efficient way to access liquidity by selling their invoices to willing investors. This can be particularly beneficial for SMEs, which may face challenges in obtaining traditional financing options. By utilizing blockchain technology, the platform enhances transparency and security in the financing process.

What is DIA's Populous Platform API?

DIA's Populous Platform API is a powerful tool that provides real-time price feeds for cryptocurrencies and NFTs. These feeds are created by collecting raw data from over 85 on-chain and off-chain exchanges, resulting in accurate and comprehensive information that sets DIA apart from other data providers in the web3 space.

While DIA does offer free API endpoints for developers to test, their custom feeds offer even more benefits and functionality. Custom feeds can be tailored to specific needs, allowing users to choose their sources, methodologies, and update mechanisms. This level of customization ensures that users receive the most relevant and accurate data for their specific use cases.

The versatility of DIA's API opens up a range of possibilities within the blockchain ecosystem. For DeFi applications, the price information from DIA's APIs can be used in areas such as derivatives, options and futures, lending and borrowing markets, collateralized stablecoins, and synthetic asset issuance. Additionally, NFTfi applications benefit from DIA's API, enabling peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, and NFT fractionalization.

The API itself is a software intermediary that allows different applications to communicate with each other. In the context of DIA, the API acts as a bridge, supplying accurate and real-time price data from external sources to smart contracts on the blockchain.

Overall, DIA's Populous Platform API offers both free and customizable feeds to cater to the diverse needs of users. By combining accurate data from various exchanges, DIA empowers developers and participants in the blockchain ecosystem to make informed decisions and take advantage of the numerous opportunities available.

What is DIA's Populous Platform price oracle?

DIA's Populous Platform price oracle is a powerful tool that provides real-time price feeds for crypto assets. It is integrated with over 35 layer 1 and layer 2 networks, allowing DIA to deploy price oracles across multiple blockchains. These oracles are constructed using raw data sourced from more than 85 on-chain and off-chain cryptocurrency and NFT exchanges, ensuring accuracy and reliability.

While DIA's demo oracles are available for free in their documentation for developers to test, they are only intended for testing purposes and cannot be used in production applications. However, DIA also offers the option to request custom price feed oracles. These custom oracles can be tailored to specific requirements, including sources, methodologies, update mechanisms, and more. To request a custom feed, users can reach out to DIA via Discord or Telegram.

DIA's custom oracles provide users with greater flexibility and address their individual needs. They play a crucial role in various DeFi applications, such as derivatives, lending and borrowing markets, stablecoin collateralization, synthetic asset issuance, money markets, and more. Additionally, they serve as a valuable resource for NFTfi applications like peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, NFT fractionalization, and many others.

In the blockchain ecosystem, a blockchain oracle is an external information provider that supplies verified data from outside the blockchain to smart contracts. Oracles like DIA's price oracle bridge the gap between on-chain and off-chain data, ensuring the accuracy and reliability of information used in decentralized applications.

Why use DIA's PPT API & price oracle?

DIA's PPT API and Price Oracle offer multiple benefits for users in the blockchain ecosystem. These technologies provide access to accurate and reliable price data for cryptocurrencies and NFTs. A key advantage of using DIA's API or Price Oracle for a specific token is the high level of customisation available. Users can tailor each oracle and API endpoint to suit the unique needs of their decentralized applications. This includes configuring the data sources that comprise the feed, implementing data cleaning filters and pricing methodologies, and determining the update mechanisms and frequency. With this level of customization, the data and oracle remain robust and resilient to market conditions, offering both global and individual or cross-chain market prices. The customizability ensures a tailored solution for every user.

Furthermore, DIA's API and oracles provide transparency throughout the entire data journey. Users have full visibility into each step of the process, ensuring trust and reliability. DIA also offers tracking and monitoring tools to closely monitor the oracle and API feeds, adding an extra layer of assurance. By utilizing DIA's technology, users can access accurate, customizable, and transparent price data for cryptocurrencies and NFTs, empowering them to make informed decisions within the blockchain ecosystem.

Why use DIA data feeds and oracles?

DIA provides full insight on the oracle’s data journey as well monitoring tools to track feeds in real-time.
Oracles can be tailored to any use case in terms of data sources, methodologies and update mechanisms and much more.
Broadest coverage
DIA provides price oracles for 3,000+ cryptocurrencies: from blue-chip tokens to long-tail assets.