Hero-The Future of Banking in Southeast Asia

Promoting Financial Inclusion, Transparency, and Efficiency in Southeast Asia

Since 2015, through our subsidiary company PawnHero, we have been disrupting the current financial system that excludes 2 billion people from the banking system by leveraging technology to create a more inclusive, transparent, and efficient system that allows people to access financial services in South East Asia.

Hero Capital Market Platform

The Hero Capital Market Platform will utilize blockchain and 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, and efficiency by enabling the efficient, frictionless, legally enforceable, and profitable transfer of digital currency to/from local fiat currency in order to provide capital for individuals and businesses in markets that are currently excluded from transparent and efficient access to financial services.

Building the New Foundation using Blockchain Technology

Blockchain technology can liberate many financial services from the confines of old institutions, fostering competition and innovation to provide better, faster, and cheaper financial services to those who are outside or heavily burdened by their local and formal financial systems.

Inclusive Financial Services

The strength of every nation’s economy is usually a direct reflection of the viability of the small and medium-sized enterprises (SMEs) sector. In most cases, especially developing countries, SMEs account for as much as 35–40% of the total GDP. The driver of the SME sector of the economy is its access to affordable financial services. The HERO Capital Market Platform should enable the inclusive, transparent, and efficient provision of financial services to customers in Southeast Asia.

Mission and Vision

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

Since 2015, we’ve helped thousands of Filipinos access short-term credit and that number is growing fast. As a pioneer in online lending in Southeast Asia, we have become one of the most distinguished Fintech startups to disrupt the highly entrenched, multi-billion dollar lending industry. Through our platform, we are already providing a revolutionary solution to a significant problem among the unbanked and underbanked across emerging markets. Headquartered in Singapore, we fully operate online with no branch infrastructure, allowing us to keep operating costs low and to stay focused on our customers. We are transforming lending into a frictionless, transparent, and highly efficient digital experience for Southeast Asia.

Our 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.

Solution

“Banking is necessary, banks are not.” — Bill Gate

Uber has nothing to do with cars, but it created an entirely new transportation experience. The value of having a physical network is diminishing — especially a traditional branch network. Branch overhead and associated staff costs make up 60–65% of a total cost base for a brick-and-mortar lending company with an extensive branch network. Moreover, roughly 60–70% of employees are doing manual process-driven jobs and these inefficient processes add to the cost of running a physical network. It is more error prone and there is a long process of human decisions involved. We believe banks tomorrow will look fundamentally different from banks today. But by the time they get there new entrants have a window of opportunity to innovate better value at lower cost, and create a better customer experience and Hero wants to be the one that leads that change.

Introducing Hero, the future of banking that provides collateralized loans to the unbanked and underbanked consumer across Southeast Asia. With the success of this token sale, Hero intends to expand into blockchain-based uncollateralized loans. Backed by venture capitalists such as Softbank and Alibaba, the organization started operating in the Philippines in 2015 and has since helped thousands of Filipinos to obtain access to affordable credit.

Our first product was launched in 2015 and is the first fully licensed online pawnshop in Southeast Asia. PawnHero essentially turns mobile phones into pawnshops. Because we don’t maintain a physical pawnshop and leverage technology, we are able to reduce interest rates by more than one half, providing access to cheaper credit that improves livelihoods. We do not limit ourselves to jewelry but also accept among other collateral electronics, watches and handbags. Filipinos no longer need to leave the comfort of their homes in order to get a loan. In the past two years, we’ve provided loans to individuals that would have been turned away by the traditional pawnshops due to the type of collateral they pawned as well as by banks because they have no credit history. We’ve improved access to credit by using the internet and we want to scale our impact using Blockchain.

How It Works

Pawnshop in Everybody’s Pocket

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.

The customer submits item information (“Requests”) at pawnhero.ph through their phone or desktop computer. After the customer submits their item details through a series of drop down menus, Opus links the request to our Magnus Loan pricing model which instantly delivers several loan offers with different loan maturities to the customer. The customer then selects their preferred loan offer and is guided through Customer Information, Payment Method, and Delivery modules.

Opus then arranges for a PawnHero motorbike courier (“PawnTrooper”) to pick up the item from the customer’s home at no charge to the customer. At the time of pickup, the PawnTrooper completes the legally required Know Your Customer (KYC) procedures, issues a pawn ticket to the customer, and receives the item for delivery to our Operations Center.

At the Operations Center, our expert appraisers authenticate the item and assess the condition of the item. If the item authenticity is confirmed and the condition of the item is as represented in the Request, then the loan is released through Opus to the preferred pay-out option selected by the customer. If the item inauthentic, then the item is returned to the customer and the customer is charged a 100 pesos (USD 2) delivery fee. If the item is authentic but not in the condition represented in the Request, then the appraiser estimates the revised value of the item and Opus delivers a new loan offer via SMS and email to the customer. If the customer accepts the revised offer, then the loan is released through Opus to the preferred pay-out option selected by the customer. If the customer declines the revised offer, then the item is returned to the customer at no charge to the customer.

PawnHero stores the pledged items at the Operations Center in a secure and environmentally controlled centralized vault. Opus tracks the movement of the pledged items throughout the process until the items is either returned to the customer upon redemption by a PawnTrooper or the item is sold.

Upon or prior to the maturity date of the loan, the customer may, through various payment options, make the loan redemption payment or apply for a loan renewal. If the customer fails to redeem or renew prior to the maturity date, then the loan enters a legally required notice period of between 1 month for electronics and up to 3 months for non-depreciable items. Upon the completion of the notice period, if the customer has not made the required redemption and payment of additional interest due, then Opus completes the legally required public notice and auction process and then makes the item available for sale in our marketplace.

PawnHero offers multiple payment options for the loan release (“Pay Out”) and the loan redemption and/or loan renewal (“Pay In”). Primary payment partners include Paynamics, which offers multiple over the counter transactions at banks nationwide, and Pay In and Pay Out at various retail locations including leading convenience stores such as 7/11 and other retail locations across the Philippines. We partnered also with a blockchain-enabled platform that enables anyone, including those without bank accounts, to easily access financial services directly from their phone. Using Coins, customers have access to a mobile wallet and services such as remittances, air-time, bill payments, and online shopping at over 100,000 merchants who accept digital currency. Another option includes cardless ATM withdrawal. PawnHero continues to add Pay Out and Pay In options with leading Philippines companies in the banking, money transfer, e-wallet, digital money, and retail processing location businesses.

Our Current Product

Token Structure

Hero Token Details

What is a Hero Origen token ?

• The Hero Origen Token is built as an ERC20 token on the Ethereum blockchain and is identified through the ticker symbol HERO. A Hero Origen Token provides membership and access to the Hero Capital Market Platform. The Hero Capital Market Platform, once developed and launched, will be a Blockchain based collaborative platform to enable securitization of financial products as token issues from borrowers in Southeast Asian markets to investors globally.

Value to contributors

• Holders of Hero Origen Tokens will be provided with the following perpetual benefits which will not be made available to future participants in the Hero Capital Market Platform:

1. Preferential access to opportunities to provide credit and equity financing to individuals and businesses in emerging markets to earn risk adjusted market returns
2. Pro-rata right of first offering on funding opportunities on the Hero Capital Market Platform
3. Up to a 20% discount from the price offered by service providers on the Hero Capital Market Platform
4. A premium/discount on debt/equity funded through the Hero Capital Market Platform of up to 200 basis points above the interest rate (or discount to price per share) made available to other Hero Capital Market Platform participants

After this token sale, no more Hero Origen Tokens will be issued.

Sysmbol

HERO

Total supply

250,000 Ethereum (ETH) worth of Hero Tokens (equivalent to 50,000,000 Hero Tokens). The final number of Hero tokens is defined after the end of the token sale based on amounts contributed.

Hero Token Price

1 HERO token is equal to 0.005 ETH (1 ETH will buy 200 Hero token)

Accepted cryptocurrencies

Ethereum (ETH), Bitcoin (BTC) and BitcoinCash (BCC), ETH Classic (ETC), Ripple (XRP), Litecoin (LTC), Waves (WAVES)

Presale

Monday, November 20, at 8pm (GMT+8)

Funding Milestones

Funding milestones vary significantly between the different amounts of funding received in connection with the Hero token sale. With the success of the token sale, we will be able develop a credit-scoring model to expand our lending activities beyond collateralized lending. Additional proceeds will be utilized to launch operations in additional markets in South East Asia once the Philippine business reaches profitability in 2019.

Every milestone is meant to be incremental to the preceding one. Although the progress we have made developing our first product proves validity of utilizing technology to create scalable digitized financial entities, there is significant work ahead. Our team is fully committed, but the roadmap and pace of development is dependent upon the level of success from the crowdfunding.

The roadmap below assumes a fundraising near the maximum amount.

Achievements

In 2015, PawnHero was honored as the “Most promising startup in Asia” at Echelon, a regional startup competition in Singapore with the participation of startups from 14 countries. In 2016, PawnHero’s team won Gold at Hack Osaka Japan and was later awarded at the Asia CEO Awards in Manila.

Key Achievements

• Dubbed the Most Promising Startup in the Philippines at Echelon 2015
• Participated at Slush Asia 2015 in Tokyo, Japan
• Participated along with 20 startups at the Maybank Fintech Summit 2016 in Kuala Lumpur, Malaysia
• Dubbed the Most Promising Startup in Asia at Echelon 2015
• Won Gold Prize at Hack Osaka 2016
• Finalist — “Most Innovative Company” at the Asia CEO Awards

For More Information :

Website        : https://herotoken.io/

Whitepaper : https://s3-ap-southeast-1.amazonaws.com/herotoken/Hero+Whitepaper_081417.pdf

ANN             : https://bitcointalk.org/index.php?topic=2088817

Telegram     : https://t.me/herotokensale

My Bitcoin Profile Link : https://bitcointalk.org/index.php?action=profile;u=1274612

My ETH Address           : 0x1D1eE2E87dd5907640198B0931f3E258974487B5