HERO: Banking Revolution In Southeast Asia (Hero Origen Token)
HERO: Banking Revolution In Southeast Asia
Two billion people, about 40% of the global population, are still unbanked or underbanked and cannot get access to affordable credit, even if they have well-paying jobs and are connected to the Internet.
Despite making our global economy hum, the financial services industry today is fraught with problems that make it more exclusive than it is inclusive. For one, it is arguably one of the most centralized industries in the world, and also one of the last industries to feel the transformative effects of the technological revolution. Bastions of the old financial order such as banks go to great lengths to defend monopolies and often hinder innovations that might be disruptive to their businesses. The financial system also runs on dated and cumbersome legacy technology.
Financial institutions do not provide services to the unbanked as they are simply unprofitable or too risky to service. More importantly, because of their monopoly positions especially in developing economies, many incumbents have no incentive to improve products, promote financial inclusion, increase efficiency, improve transparency, improve the consumer experience, or appeal to the next generation of customers.
Introducing HERO
>What is HERO?
Hero is the future of capital markets in Southeast Asia. All of the 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.
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.
Vision And Mission HERO
Southeast Asia is an area with Internet Growth as well as being the 4th largest Internet market in the world. But only 27% of the total population in Southeast Asia has a bank account.
Hero's mission is to revolutionize the banking market industry starting from Southeast Asia where it aims to make credit taking easier and more affordable for people who do not have bank accounts or unbanked. While Hero has a Vision to change the financial system that currently excludes as many as 2 billion people from the banking system, it can be overcome by using technology to create a more inclusive system which will allow the person to make it easier to access credit.
Hero Origen Token
The Hero Origen Tokens is built as an ERC20 token on the Ethereum blockchain and is identified through the ticker symbol HERO.
A HERO Origen Token provides membership and access to the Hero Capital Market Platform. The Hero Capital Market Platform, once developed and launched, will be a Blockchain based collaborative platform to enable securitization of financial products as token issues from borrowers in Southeast Asian markets to investors globally.
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.
The Company grants discounts and bounties as noted in the table below. The date for the Hero Origen The Token offering will be published on the website www.herotoken.io. The Company reserves the right to sell a certain portion of Tokens during a pre-sale. Admission to pre-sale is completely up to the Company's discretion.
Hero Origen Token Sale Mechanics
Hero Origen Token Functionality
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. If permitted by applicable law, the Company will endeavor to enable the trading of the Hero Origen Tokens on reputable exchanges as soon as reasonably practicable after the issuance of the Hero Origen Tokens.
Benefits of Hero Origen Tokens
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 Origen Tokens are not a Security
The Hero Origen Tokens are not a security. Holders of Hero Origen Tokens will have no ownership or control over the Company, the Foundation or the Hero Capital Market Platform. They will not be entitled to receive any interest, dividends, or other income directly from the Company, the Foundation, or Hero Capital Market Platform for their Hero Origen Tokens.
Hero Origen Tokens versus Hero Member Tokens
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.
Team and advisors
To get information about Token Sales, please visit: https://herotoken.io/
And to get more information, please visit some of the following links:
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Ethereum Address : 0xF234Fd34C70C1868734a54DEf1A19C7e27add4F2
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