Hero--The Future of Banking That Provides Collateralized Loans to the Unbanked and Underbanked Consumer Across Southeast Asia.

What is Hero?
The Future of Banking in Southeast Asia. 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.

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.

Disruptive. Proven track record. World-class investors. Multiple awards.

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 Southeast Asia.

Is this really going to happen? Well, it’s already happening. The team behind the Hero Token also started the 1st fully licensed online pawnshop PawnHero in Southeast Asia. PawnHero essentially turns every mobile phone into a pawnshop. Because it uses technology, the interest rates are half of what traditional pawnshops charge.

Hero, The PawnShop:

It is a digital platform designed to impart credit grants, without economic biases. The lack of access to primary financial services has given place to major barriers for the people to overcome poverty by making it almost impossible for them to borrow or save money. Savings and lending are the two pillars of the modern society, serving as both fuel for funding economic boost and funds in times of financial crisis; former being the capital, and the latter being the credit.

Both national and local economies are influenced by the easy flow of capital. Access to credit is a crucial factor responsible for the growth of any economy. Hero is an enterprise that started with the aim of making credit smoothly available and relatively economical, to outreach the unbanked and under banked community. It is an e-Platform created to allow credit grants, without partiality. The project started out in Southeast Asia, with the further plan of expanding and growing. . The plan is to delve in this market and develop a system where credit and loans could be granted to the masses.

Hero Pawnshop uses blockchain technology which liberates many financial services breaking through the old institutions, fostering competition and innovation to provide improved, quick, and economical financial services to those who are outside or heavily burdened by their local and formal financial systems. Their vision is to renovate the current financial system that excludes 2 billion people from the banking system by leveraging technology to create a more intact system that permits people access to credit.

How it works?

PawnHero distinguishes from the traditional pawnshop experience by providing a collective virtual and physical service. The PawnHero operating platform (“Opus”) is a combination of a seamless frontend customer experience with backend operational processes allowing PawnHero to manage and control the customer experience and the business. It is the first of its kind pawn shop that provides to their customers via mobile phones and desktop computers.

The PawnHero, is a space where customers can get loans against a collateral, that can be accessed through the comfort of their homes. The user interested in taking up a loan submits the item information, for the article that they would like to pawn, at the pawnhero.ph website. The loan amount and maturity dates are decided by Magnus, a digitalized platform that helps calculate the Loan to Value ratio (LTV), which looks into several intricate aspects of the transaction taking place. Once the customer has decided his preferred load offer, the way is paved through Customer Information, Payment Methods, and, Delivery Modules.

Hero Token:

The Hero Token is the specific currency of Hero that is provided to investors at the time of the ICO (Initial Coin Offering). 80% of the tokens will be up for sale while the rest of the 20% will be given to advisors, early believers, bounties, and founders. Funds collected through the token sale will be used for Software Development, Marketing, Legal and incorporation expenditure, and Operations. These funds will not only help Hero expand but even grow and better the services provided.

Hero chooses to work with Ethereum which enhances the development of custom programmed applications on top of the blockchain, like smart contracts, database access and storage. Ethererum’s Smart Contracts represent the basic pawnshop principle of a smart contract, of ones that happens manually and offline. Ethereum Blockchain combined with Machine Learning, Artificial Intelligence and IoT are enabling Hero to incredible innovations to building trust, transparency and traceability in transactions in both the financial system and in the real economy.

With the coalition of significant companies like Softbank and Alibaba, this project raises infinite possibilities and could help bring about financial growth, especially in Southeast Asia. Hero’s mission is to revolutionize the banking industry to make credit more readily available and affordable for the unbanked or under banked. This project promises to flood the market with numerous opportunities and pathways of success.

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.