Populous XBRL to USD Price Chart

What Is the Current Price of Populous XBRL (PXT)?

As of the latest data, the price of Populous XBRL (PXT) is $ 0.00011219. Over the past 24 hours, the value has increased by +0.00%%. It's essential to keep in mind that cryptocurrency prices are highly volatile and can fluctuate widely within short periods.

What Is Populous XBRL (PXT)?

Populous XBRL, abbreviated as PXT, is a protocol that sits on the intersection of decentralized finance (DeFi) and traditional finance. It’s a part of the broader Populous platform, which aims to reinvent how trade finance, lending, and borrowing are conducted. PXT is tailored to facilitate the financing of invoices and streamline the access to working capital for businesses.

Who Created Populous XBRL?

Populous XBRL was developed by the team behind Populous, the larger platform that encompasses PopDeFi. While specific individual founders are not mentioned, the initiative is the result of collaborative efforts by professionals with experience in the fields of finance, technology, and blockchain.

How Does Populous XBRL Work?

Populous XBRL employs a combination of technologies including XBRL data, smart contracts on the blockchain, and standardized tokens to create a transparent and efficient environment for conducting trade finance transactions. Focused on bridging crypto with real-world assets, Populous allows businesses to sell their outstanding invoices at a discount to improve their cash flow by providing instant liquidity. Buyers, or investors, can then purchase these invoices in anticipation of the future payment, earning a return on their investment once the invoice is paid in full.

How Does PopDeFi Differ From Traditional Trade Finance?

PopDeFi stands out by using blockchain technology to mitigate some of the common challenges in traditional trade finance like long processing times, the need for intermediaries, and the lack of transparency. By tokenizing invoices and using smart contracts, PopDeFi offers a streamlined and supposedly more secure platform for businesses and investors to engage in transactions without the complexities of conventional systems.

What Is the Role of PXT in the Populous XBRL Ecosystem?

PXT is the native token within the Populous XBRL ecosystem. It serves several purposes, including facilitating transactions on the platform, paying for fees, and potentially incentivizing participants in the network. As the platform evolves, the token’s use cases may expand to further integrate with the ecosystem's activities.

How Is Populous XBRL's Security Ensured?

While the specifics of Populous XBRL's security measures are not detailed, blockchain technology inherently provides a level of security through decentralization and encryption. Smart contracts add another layer of security by automating transactions, minimizing the need for human involvement and thus reducing the risk of manual error or fraud.

What Is the Total Supply of PXT Tokens?

The total supply of Populous XBRL (PXT) tokens is set at 500.0M. The circulating supply, which indicates the number of tokens currently available and active in the market, is . These figures are important for understanding the scarcity and valuation of the token.

How Is Populous XBRL's Performance Measured?

Performance for Populous XBRL can be measured by various metrics such as the market capitalization, which is the total market value of the circulating supply and stands at $ . Another important metric is the 24-hour trading volume, amounting to 29.2, reflecting the overall activity and liquidity of PXT in the market.

Where Can You Trade Populous XBRL (PXT)?

Populous XBRL (PXT) can be traded on a variety of cryptocurrency exchanges. Interested parties can access the token on , where it is listed for buying and selling. It is crucial for traders to use reputable platforms and exercise caution when trading.

How Can You Safely Store PXT Tokens?

For the safekeeping of PXT tokens, it is recommended that users store them in a secure wallet. Options include hardware wallets, which provide offline storage and are considered very secure, and software wallets, which can be more convenient but are typically less secure than hardware options. Always perform due diligence to ensure the security features of the wallet meet your needs.

How Can Investors Keep Up with Populous XBRL Developments?

Investors interested in Populous XBRL can follow its developments on the official website bi.populous.world and through various social media and communication platforms associated with the project. These sources often provide updates, announcements, and community discussions that are helpful for keeping informed about PXT's progress and updates.

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