THE FUTURE OF BANKING IN SOUTHEAST ASIA
The Hero aims to transform capital markets in Southeast Asia in order to promote financial inclusion, transparency, and efficiency for all stakeholders. The Hero Capital Market Platform will be a blockchain that utilizes smart contract technology which will enable a network of financial service marketplaces comprised of a series of interdependent and mutually reinforcing projects in the Southeast Asian market focused primarily on promoting financial inclusion, transparency, efficiency and the provision capital for individuals and businesses in markets that are currently excluded from transparent and efficient access to financial services. Building the new foundation using blockchain technology, blockchain technology can liberate many financial services from the confines of old institutions, fostering competition and innovation to provide better, faster, and cheaper financial services to those who are outside or heavily burdened by their local and formal financial systems.
Hero's mission is to make credit more readily available and affordable for the unbanked or underbanked, starting in Southeast Asia.
The Hero Capital Market Platform will be a collection of Decentralized Applications (Dapps) on the Ethereum Blockchain along with web and mobile interfaces for Borrowers and Service Providers to interact with each other and manage the Borrower Token minting, issuance, and trading through the blockchain. The Foundation (once established) will develop and publish standardized smart contracts by project The and market which Originators on behalf of Borrowers can use and deploy in order to begin their financing process and launch Borrower Tokens. The smart contracts will be developed by the Foundation to ensure that they comply with all applicable legal regulations and security requirements. To support this, the Foundation will also regulate a Borrower Token standard similar in nature to the ERC20 standard. Unlike ERC20 tokens, however, Borrower Tokens on the Hero Capital Market Platform will not only be required to adhere to technical standards regarding interfaces for the token, but all Borrower Tokens will also have to adhere to legal standards as required by the Foundation. To secure the Hero Oracle, all changes to the Hero Oracle will be made through a multiparty signature algorithm. The different necessary keys will be distributed in servers across the globe to ensure that there is no single point of failure to launch cyber attacks.
Hero Capital Market Platform Attributes
- Legal Enforcement: A Borrower Token issue through the Hero Capital Market Platform will represent an enforceable financial contract between the Borrowers and the Heroes and will archive all necessary information regarding the origination, servicing, legal review, credit review, payment history, reputational ratings, etc. of the financial contract and all the parties involved in arranging the Borrower Token issue.
- Accreditation: All participants in the Platform will be required to submit information to the Foundation through the Platform to ensure qualifications, capabilities, and legal right to participate.
- Governance: The Foundation will administer and manage the Hero Capital Market Platform with goal of promoting financial inclusion, transparency, and efficiency
- Transparency: All information on Borrower Tokens from the origination of the token through issuance and settlement will be available for all Platform participants.
- Efficiency: The Platform workflow focus on annotating the Borrower Token will facilitate the efficient pooling of resources and efforts of the participants.
- Tradability: All Borrower Tokens issued through the Platform will be individually tradeable among Heroes from the issuance of the token through a settlement of the token. Supply and demand of the respective Borrower Tokens will drive the exchange pricing.
- Standardization: The Hero Capital Market Platform will utilize standardized legal documentation, reports, policies, and procedures to enable the transparent and efficient encoding of Borrower Tokens utilizing smart contract technology.
- Educational: In additional to enabling the Borrowers, Heroes, and Service Providers to transparently and efficiently cooperate, the Hero Capital Market Platform will also provide guidance on legal and regulatory compliance for the Platform participants in each market and for each respective project.
- Reputational: Performance of each Platform participant relating to each Borrower Token will be compiled by the Platform to create rating scores for each Platform participant which may impact future Borrower Token issues.
- Market Pricing: The Hero Capital Market Platform will also enable the market pricing of all token issues. Borrowers will submit their maximum interest rate and proceeds as well as the functional currency of the issue.
The selection of prioritization of projects is upon the Foundation’s sole and free discretion. The Hero Capital Market Platform intends to prioritize projects by order of priority based on the following criteria:
- Registered and unregistered secured and unsecured corporate debt issues with variable terms and discounts to face value with bullet repayment of principal and interest
- Registered and unregistered periodic amortizing instruments secured and unsecured
- Primary and secondary secured residential mortgages
- Secured automobile and motorcycle loans
- Sponsored unsecured credit lines based on credit scoring model
- Equity type securities
The company will invite interested persons to contribute to the development and operation of the Platform by taking part in the Hero Origen Token sale. During the Offering Period, the Company offers approximately (not fixed) 50'000'000 Hero Origen Tokens for sale. Each Hero Origen Token provides preferred perpetual membership to the Hero Capital Market Platform beginning from the commercial launch of the Hero Capital Market Platform. After the close of the Offering Period, no new Hero Origen Tokens will ever be offered in the future.
- Presale: 20 November 2017 (GMT+8) — 21 November 2017 (GMT+8)
- Token Sale: 01 February 2018 (GMT+8) — 28 February 2018 (GMT+8)
- Ticker Symbol: HERO
- Token Price: 1 HERO token is equal to 0.005 ETH (1 ETH will buy 200 Hero token)
- Minimum contribution: No minimum amount is required to participate in the token sale this February 1st. The minimum was only applicable during the presale.
- Recommended Minimum Purchase per Person: 1 ETH or equivalent = 200 HERO tokens
- Maximum contribution and supply of tokens: No maximum amount applies.
- Maximum number of tokens available for sale: 50 million HERO tokens
- Soft Cap: USD 5M (Has been reached already during the 24h presale)
- Hard Cap: 250k ETH (All unsold tokens will be burned; read more here)
- Accepted Cryptocurrencies: ETH, BTC, BCC, ETC, XRP, LTC, WAVES
FOR MORE INFORMATION PLEASE VISIT LINK BELOW:
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ETH Address: 0xc9A0cD3C9D00b61F5e46B4f234F5adb91fAB0A78
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