To bring financial inclusion to the developing world and Southeast Asia in particular, the team behind Hero is launching a crowdsale to raise funds to build its platform based on the blockchain. As one of the first movers in the cryptocurrency space aiming to democratize finance and cryptocurrencies, Hero is likely to capture a large market share once its roadmap is fulfilled.
As stated in the Hero Bitcoin ANN thread, roughly two billion people, or 40 percent of the world’s population, lack access to basic banking and financial resources, preventing them from obtaining credit and loans for such basic things as starting a business, going to school, and getting an auto loan. The high barriers to entry within the current global financial system have created a wide divide between the haves and have-nots. Using blockchain technology and mobile devices, Hero aims to provide the essential services that this unserved and underserved population currently lacks, and in so doing can potentially revive developing economies and bridge the global divide in living standards.
Specifically, the Hero team will create the Hero Capital Market Platform, using smart contracts on the blockchain, to provide access to various financial services such as payment processing and loans. The native token of the platform, Hero, will provide access to the financial services on the platform, and, as an ERC20 compatible token, can be stored in popular Ethereum wallets.
Hero will allow users to have secure access to the Hero Capital Market Platform using their mobile phones. Given the widespread use and capabilities of smart phones today, especially in the Third World, users will not have to go to a physical bank to obtain needed financial services. Given the security, transparency, and immutability of the blockchain, users can feel confident about using the platform.
The main crowdsale will begin February 1, 2018 and end February 28, 2018. Showing the enthusiasm investors have had for this project, over $10 million was collected in just 24 hours during the presale that began in November 2017. The hard cap for the project is 250,000 ETH, with unsold tokens to be burned at the conclusion of the crowdsale. By participating in the crowdsale and buying Hero tokens, investors will help bring needed financial services to much of the world, and likely gain profit along the way.
*I am receiving Hero tokens for the growth of the community.
Bitcointalk ANN thread: https://bitcointalk.org/index.php?topic=2088817