Public Crypto BLOG: HERO - Financial Inclusion, Transparency and Efficiency in South Asia

Southeast Asia is the world’s fastest growing internet region. With 260 million internet users out of a population of more than 600 million people, it is the 4th largest internet market in the world. By 2020 internet users in the region are expected to reach up to more than 480 million users, led by Indonesia, the world’s fastest growing internet market. Unsurprisingly, the growth is anchored by the region’s thriving young population, with 70% of the (against China’s 57%) population comprised.

Yet only 27% of the Southeast Asian population has a bank account. In poor countries like Cambodia the numbers fall to about 5%. That is about 438 million people in the region unbanked. The Philippines has one of the lowest banking penetration rates in Asia, with over 70% of adults (aged 15+ years) unbanked

The lack of access to basic financial services has created major barriers for the people to overcome poverty by making it almost impossible for them to borrow or save money. This serves to deny them the most basic services and opportunities. That’s why some of them choose to work abroad, leaving their families behind as they work for the opportunities and financial liberation that developed countries offer. This is neither right nor smart, and the problem needs to be addressed.

HERO Capital Market 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, and efficiency by enabling the efficient, frictionless, legally enforceable, and profitable transfer of digital currency to/from local fiat currency in order to provide capital for individuals and businesses in markets that are currently excluded from transparent and efficient access to financial services.

HERO Mission

Hero's mission is to make credit more readily available and affordable for the unbanked or underbanked, starting in Southeast Asia.

Hero is the future of capital markets in Southeast Asia. All proceeds from the sale of the Hero Origen Token will be donated to a non-profit Foundation. The Foundation, which will be established in Switzerland, will either directly or through subsidiaries and affiliates promote financial inclusion, transparency, and efficiency in Southeast Asia through the development and operation of the Hero Capital Market Platform.

Potential Market

600M Potential Customers in Southeast Asia, the world’s fastest growing Internet region and it is the 4th largest Internet market in the world.
200 Billion USD Internet economy in Southeast Asia by 2025. According to a study made by Google and Temasek.
70%+ Unbanked More people have a Facebook account than bank accounts.

Since 2015, through our subsidiary company PawnHero, we have been disrupting the current financial system that excludes 2 billion people from the banking system by leveraging technology to create a more inclusive, transparent, and efficient system that allows people to access financial services in Southeast Asia.

The selection and prioritization of markets is upon the Foundation’s sole and free discretion. As of today, the priority emerging markets for the Hero Capital Market Platform are as follows :

1. Republic of the Philippines;
2. Indonesia;
3. Vietnam; and
4. Thailand.

The Hero Capital Market Platform will utilize blockchain and smart contract technology to facilitate the legal issuance of fiat and cryptocurrency denominated financial smart contract digital tokens by underserved individuals and businesses in Southeast Asia to investors globally. The Hero Capital Market Platform will facilitate the participation of borrowers, lenders, originators, servicers, legal counsel, vulture investors, payment providers, and rating providers to promote the Hero Vision of promoting financial inclusion, transparency, and efficiency in capital markets across Southeast Asia.

HERO Token

Hero Origen Token

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 at an offer price of 0.005 ETH per Hero Origen Token pursuant to the Terms.

Holders of 200 Hero Origen Tokens will be provided with the following perpetual benefits which will not be made available to future Hero Member Token holders :

Perpetual membership to the Hero Capital Market Platform
Preferential access to opportunities to provide credit and equity financing to individuals and businesses in emerging markets to earn risk adjusted market returns
Hero Origen Token holders will be given pro-rata right of first offering on funding opportunities on the Hero Capital Market Platform

Hero Member Token

Once the Hero Capital Market Platform has been launched, the Foundation - provided it has been established - will offer a new class of tokens ("Hero Member Tokens") for access to the Hero Capital Market Platform based upon the market demand. The Company has not yet defined the amount of Hero Member Tokens that will be issued.

Token Information

Token Symbol : HERO

Token Type : ERC20

Token Sale Date :

Pre-Sale : November 20, 2017 - November 21, 2017

Sale : February 1, 2018 - February 28, 2018

Token Price : 1 ETH = 200 HERO

Accepted Currencies : Ethereum (ETH), Bitcoin (BTC), BitcoinCash (BCC), ETH Classic (ETC), Ripple (XRP), Litecoin (LTC), Waves (WAVES)

Token Available for Sale : 50,000,000 HERO

Soft Cap : USD 5,000,000

Hard Cap : 250,000 ETH

Exchanges : HERO tokens start trading on Friday, March 9th on QRYPTOS Exchange. More exchanges are following.

Unsold token will be burned

U.S. Citizen, U.S. Person, resident in the Territory of the British Virgin Islands or a citizen or person from a jurisdiction, in which it is impermissible or restricted to offer, distribute, purchase, sell or retain cryptographic tokens, are not eligible to participate in this token sale.

CLICK LINK BELOW FOR MORE

HERO Site : https://herotoken.io/

HERO ANN : https://bitcointalk.org/index.php?topic=2088817

HERO Telegram : https://t.me/herotokensale

HERO Facebook : https://www.facebook.com/HeroTokenIO/

HERO Twitter : https://twitter.com/herotokenio