Hero-The Future Banking in Southeast Asia

Januari 26, 2018

Two billion people, about 40% of the global population, are still unbanked or underbanked and cannot get access to affordable credit to allow them to go to school, remain healthy and grow their smal busineses–credit remains a roadblock to economic prosperity for billions of people.

Introducing Hero The Future Banking in Southeast Asia…

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.

Building the New Foundation using Blockchain Technology

Blockchain Technology — New Opportunity Blockchain technology represents a powerful new tool for improving financial inclusion, potentially disrupting many financial institutions and enhancing the performance of banks in the global economy. By disintermediating traditional lending institutions and radically simplifying processes, blockchain can finally enable instant, frictionless loans, so that people don’t wait in line for an hour or more, travel great distances, or risk life and limb venturing into dangerous neighborhoods at night just to get a loan.

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

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

Symbol — HERO

Total stock 250,000 Ethereal (ETH) cost of hero-token (equivalent to 50,000,000 tokens). The final number of the hero tokens is determined after the end of the sale of the marker based on the amount deposited.

Payment structure

Up to 20% of the distributed interest income is transferred to a certain Etherium wallet (ETH) every three months. Then ETH is redistributed to all holders of the hero’s tokens in accordance with reasonable contract terms (i.e., the percentage of interest income receives a proportionate share of the token owned).

Working product / expansion within Southeast Asia

Hero is already operating in the Philippines, and Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) base on Q3 2018 and Net Income After Tax (NIAT) during Q4 2019. At expected non -bank financial lending in the Philippines of approximately $ 3B USD in 2020. Hero is forecasting a market share of less that 3% of it or around $ 17B USD. The Company has already secured licenses to operate in Vietnam, Laos and Cambodia. Hero is also negotiating with strategic partnership in Indonesia and Thailand.

Funded by Big Companies

Hero have raised 2M + USD pre Series A from 500 Startups (now Spiral Ventures). Also already trusted and funded by stable such as Softbank and Alibaba in 2016.

Bonus Schedule

Every Hero Token will be sold for 1/200 ETH, which means that 1ETH will give you 200 Token heroes. Additional token will be given to the original participant.