HERO — The Future of Banking in Southeast Asia

What is Hero?

Hero is the future of banking that provides collateralized loans to the unbanked and underbanked consumer across Southeast Asia. With the launch of its crypto-currency unit called Hero Token, HERO intends to expand into blockchain-based uncollateralized loans. Backed by venture capitalists such as Softbank, Alibaba and 500 Startups, the organization started operating in the Philippines in 2015 and has since helped thousands of Filipinos to obtain access to affordable credit.

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.

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.

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. In 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.

THE TOKEN SALE START

You may join our Slack https://herotoken.herokuapp.com, subscribe to our newsletter or email tokensale@herotoken.io to receive the latest updates.

HERO tokens provide other facilities for those who are committed early on. Extra tokens are offered to those who commit early. Please see the table below for the bonus token schedule.

• Presale Day 1 (first 3h) +30% token bonus;
• Presale Day 1 (3:01h-24h) +20% token bonus;
• Day 2 and day 3 +10% token bonus;
• Day 4 to day 7 +5% token bonus;
• Day 8 to 14 2.5% token bonus;
• After day 14 0% token bonus.

For more details visit our bounty thread on Bitcointalk.

You can participate in token sales.

Presale — Day 1

If you wish to join the pre-sale, you need to send a direct message to @david on Slack (do not post it in #general). Example: “Hi David, please reserve 10 ETH for me. Thanks”

Actual Token Sale — Day 2

No minimum applies after Day 1. There is no maximum amount you can invest.

Details Information

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

Bitcointalk ANN THREAD : https://bitcointalk.org/index.php?topic=2088859

Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1273699