Mission and Vision
Hero's mission is to revolutionize the banking industry to
make credit more readily available and affordable for the unbanked or underbanked
starting in Southeast Asia.
since 2015, we’ve helped thousands of -ilipinos access
short-term credit and that number is growing fast. As a pioneer in online
lending in :outheast Asia, we have become one of the most distinguished -intech
startups to disrupt the highly entrenched, multi-billion dollar lending
industry. Through our platform, we are already providing a revolutionary
solution to a significant problem among the unbanked and underbanked across
emerging markets.
Headquartered in Singapore, we fully operate online with no
branch infrastructure, allowing us to keep operating costs low and to stay focused
on our customers. We are transforming lending into a frictionless, transparent,
and highly efficient digital experience for Southeast Asia.
Our vision is to disrupt the current financial system that
excludes 2 billion people from the banking system by leveraging technology to create
a more inclusive system that allows people access to credit
Hero Token details
What is a Hero Token
Hero has been created to make both financial return and
positive social impact. A Hero token represents the right to receive a reward,
which is part of the interest income earned. It does not represent equity in
the company nor have any intrinsic value. All tokens in aggregate will have the
right to receive up to 20% of interest income.
Value to investors
Hero tokens are strategically designed to add value to the
Hero network:
·
Reward bearing tokens that generate interest
income
·
Social impact of helping underserved access
affordable credit
·
Buy back: The company may use a percentage of
profits to repurchase Hero tokens from the open market at the prevailing market
price, therefore the value of the token should be further positively correlated
to the success of the project
Payout structure
Up to 20% of the distributable interest income is
transferred to the specific Ethereum (ETH) wallet on a quarterly basis. The ETH
is then redistributed to all holders of Hero tokens according to the smart contract
conditions (i.e. the stake of interest income is received pro-rate the share of
tokens owned.)
Symbol : HERO
Total supply
250,000 Ethereum (ETH) worth of Hero Tokens (equivalent to
50,000,000 Hero Tokens). The final number of Hero tokens is defined after the
end of the token sale based on amounts contributed.
Token Distribution
Hero Tokens are created and given to buyers as soon as they
give ethers to the sale contract. Trading and transferability only starts after
the end of the token sale. From a practical point of view, this achieves the
same thing as not giving the tokens until after the sale. But from a technical
standpoint, we avoid the problem of the token handout at the end of the sale
from running into the gas limit.
Hero Token price
1 HERO token is equal to 0.005 ETH (1 ETH will buy 200 Hero
tokens)
Accepted Cryptocurrencies
Ethereum (ETH), ETH Classic, BitCoin (BTC), Ripple,
LiteCoin, Waves
Presale
website : https://herotoken.io/
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