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
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.)
CTR tokens to be sold: 68,000,000 / unsold tokens will be burned
Rate: 1ETH = 200 Hero
Accepted Cryptocurrencies: Ethereum (ETH), ETH Classic, BitCoin (BTC), Ripple, LiteCoin, Waves
And to join Pre-ICO, message David in Slack, and get confirmatiion. Minimum Pre-ICO reservation is 10ETH.
The HERO Token is built as a banking solution for the developing world. It’s technology isn’t limited to a specific market. However, the team is rightly focusing on South East Asia at the moment. That’s a smart move because there’s a lot of opportunity in that region right now. There is disparity among nations while some with to catch up, and therefore the rates of growth can be much higher than Western Europe or United States. This provides ample opportunities to grow the business and user-base.
Token Sale Allocation
There will be 50,000,000 Hero token supply (or 250,000 ETH worth). Hero will be allocated as follows:
80% — Crowdsale
3% — Early believers and advisors
2% — Bounties
100% — Total
Q4 2017 — Expand collaterized lending business in the Philippines
Q1 2018 — Blockchain-Based Loans Without Collateral-Individuals
Q3 — Regional Expansion
2019 — Blockchain-Based Loans for SMEs & Communities
If you want to learn more detailed information about roadmap, please download CTR whitepaper here: https://s3-ap-southeast-1.amazonaws.com/herotoken/Hero+Whitepaper_081417.pdf
How can you participate in the token sale:
Use only the wallet address that we make available on Hero website at www.herotoken.io
prior to the token sale. Please subscribe to Hero newsletter or email [email protected]
to be amongst the first to know.
David Margendorff, Chairman of the Board
Founder, German e-commerce company. Founding Member, CompareAsiaGroup (Nova Founders).Studied in London, Buenos Aires and Barcelona. At the age of 16, David started his first e-commerce business. Born in Germany, he lived in 7 countries across 3 continents. David earned international academic experience from universities in London, Buenos Aires, Barcelona and the US. Previously, he launched Malaysia’s leading online comparison platforms for financial, telco and utility products and led the expansion in the Philippines. CompareAsiaGroup is now the largest financial comparison website in Asia and the most valued Fintech startup in SE Asia with investments of over USD100m from investors including Goldman Sachs, World Bank and Alibaba. David worked for a private equity firm in Switzerland, where he was directly engaged in fund raising as well as in reviewing, evaluating structuring of potential investment opportunities.
He also worked for Ernst & Young, one of the world’s leading professional services organization. Moreover, he gained an insight into Corporate Finance while working in the City of London. He was also a finalist in the 2011 Deloitte Top Technology Competition and received an award for innovation in the German e-commerce space.
Manny Ayala, Director.
Managing Director, Endeavor Philippines, Former President, EO. Manny is Managing Director of Endeavor Philippines, the third affiliate for Endeavor in Southeast Asia. He is also the former president of EO. Manny has a long-standing interest in helping entrepreneurs become more successful in business and in helping them develop their “give back” acumen. Prior to Endeavor, Manny founded Hatchd, a tech incubator in the Philippines that helped to build PawnHero. He is also a past president of the Philippine Chapter of Entrepreneurs Organization (“EO”), where he launched the Global Student Entrepreneur Awards across Asia. Manny was a co-founder of IRG Ltd, a Hong Kong based M&A advisory boutique, where he worked on a variety of transactions in the Telecoms, Media and Tech sectors across the Asia Pacific. Prior to that, Manny spent several years in the Television industry in Asia, working for Discovery Channel and Turner Broadcasting in Strategy and Business Development roles. Manny sits on the Board of Directors of Sky Cable. He has an MBA from Harvard Business School and a BA from Yale University.
Nix Nolledo, Director
Chairman and CEO, XurpasInc.Founding member, IMMAP #1 entrepreneur in the Philippines (Ernst & Young) Nico Jose Nolledo, or better known as Nix around the tech industry, is a Filipino entrepreneur. He is the CEO and Chairman of the Board of Xurpas, a technology company that creates digital products for mobile consumers. It is listed as the largest southeast Asian technology firm by market capitalization. Known as an innovator, Nix is considered by many to be one of the top figures in the Philippine tech industry. His resume boasts Chairmanships and Partner stakes in many of the country’s up and coming tech companies namely A-Solutions Inc., Havoc Digital, Fluxion Inc., and Hatchd. He also has a Board of Directors seat at Gurango Software, which is the largest Microsoft Dynamics enterprise partner in the Philippines. Nix, a graduate of Ateneo University’s Management Program, was also the President and Founding Director of the Internet and Mobile Marketing Association of the Philippines, Inc. as well as a founding board of director for the Digital Commerce Association of the. In 2015 he was chosen as the Ernst & Young Entrepreneur of the Year for the Philippines and as a part of the Philippines’
Twitter : https://mobile.twitter.com/PawnHeroPH
Slack : https://herotoken.herokuapp.com
Telegram : https://t.me/herotoken
Ann Bitcointalk : https://bitcointalk.org/index.php?topic=2088817.0
My Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=555335
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