ICO HERO token Future Banking in Southeast Asia



What is a Hero?

Hero is the future of banking that provides loans with a guarantee to consumers who do not have labels and not based in Southeast Asia.
With the release of the currency unit called Hero crypto Token, HERO intends to expanding into loan without load-based blockchain.
Powered by venture financiers such as Softbank, Alibaba and 500 Startups, this organization began operations in the Philippines in the year 2015 and since then it has helped thousands of Philippine citizens to gain access to affordable credit.

BENEFIT FROM THE TOKEN
Hero has been created to create 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. All tokens in aggregate will have the right to receive up to 20% of interest income.

The tokens will be assigned pro rata to the fund provided during the token sale. 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 rata the share of tokens owned.) Long term Hero will strive to distribute the rewards in a shorter period of time, with the target of monthly reward distribution.

In addition, 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 positively correlated to the success of Hero.

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

A maximum of 250,000 Ethereum (ETH) tokens will be accepted for the purchase of Hero tokens in this token sale.
Each Hero token will be sold for 1/200 ETH (1 HERO token is equal to 0.005 ETH), meaning 1 ETH will give you 200 Hero tokens. For each token and cryptocurrency, you will receive Hero tokens in exchange, just as if you bought them with Ether or Bitcoin instead. The exchange rate that will be used to calculate this will be based on the rate of the currency or token you would like to use vis-a-vis Ethereum.


THE TOKEN SALE START

announcing exact date of the token sale soon. Please subscribe to our newsletter or email tokensale@herotoken to be amongst the first to know.
At that time hero token will offer 80% of all Hero tokens to be created for purchase by the public in the Hero Token Sale under the ticker symbol Hero.
The remaining 20% of all Hero tokens will be distributed to bounties, early believers, advisors and founders to ensure long-term alignment of interest and commitment to the tokens and their future value.
TOTAL SUPPLY OF THE TOKEN

The amount of tokens that are created for the Hero chain are all dependent on how many coins are sold during the token sale. The maximum amount contributed will in turn represent 80% of all Hero tokens. Since don’t know the total that will be sold, the token sale operates based off of percentages to ensure fairness for all. Should the maximum amount be reached prior to the end of the sale on TBD, which is 4 weeks after the start of the token sale, we will cut off the token sale.
n the event that such maximum amount is not fully funded by the end of the token sale, the percentage of 80% of all tokens will be adjusted accordingly, with the difference between such lower amount and the maximum amount being reserved for future token sales.

No tokens are pre-issued before the end of the crowdsale event. After this token sale, no additional Hero tokens will be created.



DBS BANK
The Bank was previously known as THE Development Bank of Singapore Limited, before the name was adopted in July 2003 to reflect the role of perubahanya as a regional bank. DBS Bank was founded in 1968 as an institution financing development-led by the Singapore Government. the bank itself has a number of branches more fari 100. DBS Bank is the largest bank in southeast asia by assets and among major banks According to Forbes Asia. the bank has the largest US asset $322.8 billion.

OCBC
Oversea-Chinese Banking Corporation Limited is a financial services organization of publicity with its headquarters in Singapore, founded in 1932, because of the great depression with the merger of the three banks — Chinese Commercial Bank (1912), the Ho Hong Bank (1917) and Oversea-Chinese Bank (1919). OCBC Bank is one of the leading local bank in Singapore, with assets of more than S group $224 billion. the Bank has one of the highest bank credit ratings in the region. According to forbes magazine the bank has assets of u.s. $275.1 Billion

Mission
Hero mission is to revolutionize the banking industry to make credit more readily available and affordable for the unbanked or underbanked, starting in Southeast Asia. Headquartered in Singapore, Hero’s 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.

Product
Hero current product is Pawnshop called Pawnhero. PawnHero disrupts the traditional pawnshop experience by providing a hybrid virtual and physical service. The PawnHero operating platform (“Opus”) combines a seamless frontend customer experience with backend operational processes allowing PawnHero to manage and control the customer experience and the business.


Roadmap

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

For more detailed roadmap, download CTR whitepaper here: https://s3-ap-southeast-1.amazonaws.com/herotoken/Hero+Whitepaper_081417.pdf


Hero Team
So a little instant info on project Hero this token. This certainly is an opportunity if we want to join in this project. For further information, please visit their official page below:

Website : https://herotoken.io
Twitter : https://mobile.twitter.com/PawnHeroPH
Facebook : https://www.facebook.com/PawnHero.ph
Slack : https://herotoken.herokuapp.com
Telegram : https://t.me/herotoken

Aan Bitcointalk : https://bitcointalk.org/index.php?topic=2088817.0

Bitcointalk Profile : https://bitcointalk.org/index.php?action=profile;u=1346546

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