What is Populous Token?
Populous is an invoice and trade finance platform. PPT will allow users to invest in an invoice on the Populous; PPT is used as collateral.
Populous Platform Tokens (PPT) reside on the Ethereum Network and are ERC20 compliant. The tokens were sold during an ICO in July 2017 by a company based in London. PPT is currently down 44% from its original price (in USD terms). They are ranked 70 in terms of market cap.
The first step requires you to buy Ethereum (ETH) from Coinbase. You are able to make a purchase after you sign up. Using a credit card is the quickest way to do this.
Now you need to withdraw your ETH to your wallet. If you need help choosing a wallet, check out this article.
Remember, PPT is an ERC20 token. This means you can store your PPT and Ethereum in the same wallet. Make sure you save a small amount of ETH to pay network fees. PPT requires ETH to be used as “gas”.
This step requires you to visit Switchain.com and select PPT from the list of assets.
The homepage will look like this:
Make sure you select ETH as the crypto you “have” and PPT as coin you “want”. Click “Get Best Exchange Rate”. After you approve your rate, you can proceed to the next step.
Now it’s time to provide your PPT address. You will be prompted to provide a refund address for your ETH as well. The page will look like this:
All you have to do is paste your addresses. The PPT address and ETH address can be the same if you want to put both assets in the same wallet.
This is the last step! All you need to do is send your ETH. An Etherum address will appear:
Send your ETH to this address and your PPT will arrive in just a few minutes. You will see the status change from “waiting for deposit” to “confirming”.
You will see the confirmation page once the swap is complete.
You now official own Populous Platform Tokens (PPT).
Feel free to use Switchain to trade your PPT or ETH for a variety of other cryptocurrencies. Switchain is an instant exchange; you don’t need to make an account or provide personal information.
Switchain has many options: you can convert Bitcoin to Litecoin, you can convert LTC to ETH and so on.
Switchain is an instant non custodial cryptocurrency exchange. Our user user-friendly platform makes trading crypto easy and fast. We work with different cryptocurrency trading partners to guarantee the best cryptocurrency rates to our clients.