HERO Token (HERO)

What is HERO Token

The Platform aims to transform capital markets in Southeast Asia in order to promote financial inclusion, transparency, and efficiency for all stakeholders.

Two billion people, about 40% of the global population1, 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 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.

Savings and lending are foundational building blocks of modern society, serving as both fuel for Savings funding economic growth and funds in times of financial need.

The Promoter intends PawnHero to serve as an integral component of the Hero Capital Market Platform by providing the initial loan demand for the Hero Capital Market Platform. PawnHero will make available its historic data on lending transactions and provide access to its payment distribution and collection network in the Philippines upon the execution of a mutually agreeable service level agreement.

The Hero Capital Market Platform will be a blockchain that utilizes smart contract technology which 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, efficiency and the provision capital for individuals and businesses in markets that are currently excluded from transparent and efficient access to financial services.