TREON – Bringing Crypto Revolution To Utility Payments

nugezmils (2)in #blockchain • 6 years ago

Blockchain technology is a transparent digital ledger of transactions and records that are immune to change or deletion. Offering additional traits of increased security, lower costs, time efficiency, and error resistance, blockchain has risen, fluctuated in 2017. The utility of blockchain technology is limitless, sparking the growing list of companies, industries, and government exploring its potential adoption. The blockchain is an immutable public ledger that records digital transactions.

ABOUT TREON

Treon is a token-based mobile application offering convenience in viewing and paying utility bills all at once in a single user dashboard. Using the blockchain technology as backbone, paying the bills with just a click is what Treon meant by its “smart contract technology”.

TREON PLATFORM

TREON provides a platform for easy online bill payment which rids of the time and energy waste. It is empowered by the blockchain technology which forms a network of blocks which store information and allow the user to create an accessible profile. The TREON wallet embedded into the app is enabled to contain various types of cryptocurrency and is thus sufficient by all means.

The fast-moving digital economy is another reason to be a part of this project. The users can enter the new and unknown world of cryptocurrency by just paying their regular bills. This will increase the participation in the cryptocurrency market. The tokens or the digital money is used on the platform to speed up the processes of payment. The corporate sector and the energy and telecom sector will be able to see a surge in quick and timely payments. Mobile phones have become the most accessible media and TREON makes bill payments equally accessible by launching it as an application for cell phones.

The Treon Blockchain Platform is centered around the adoption of using Ethereum ERC20 paradigm and blockchain sensitive framework in solving consumer challenges of bills and utility payment in a more secure and dynamic fashion. Hence, with the Treon the payment of bills will be easy, flexible and accessible. Treon is a one click token for utility payments. It is digital and will aid financial convenience for the users. It hopes to stand among Bitcoin, Ethereum etc. as a leading currency for other form of transactions which are valid and accepted currencies. Treon stands as a fully operational smart contract token. It is decentralized as a platform of utility and more than anything adaptive for the users. It stands to enhance, encourage, provide and prevent every form of losses when users pay their utility payments and bills. TXO is to be generally projected for flexibility and adaptability.

BENEFITS FOR CONSUMERS

User Friendly Consolidation View

Customers will easily navigate the dashboard for full view of their consumption of various utility subscriptions; special notification will provide convenient early warning for payment or renewal.

Inclusion from Unbanked

Treon (TXO) aims to bridge the gap for those who do not have bank accounts by providing easy access to the currency that can be used as a settlement tool for various utilities – offering the best service and value for money.

Different Utility Account Management

Treon (TXO) offers the ability to fully and optimally manage multiple utility services on a single interface – a simple dashboard that covers all customer needs.

Change and Optimize Consumption

The analytical capabilities of Treon e-wallet (TXO) will provide smart recommendations on how to optimize use, both to save costs and / or to save energy. Treon also plans to connect with relevant IOT services and use Artificial Intelligence to advance its analytics and service offerings.

Recharging & Payment

Utilizing Treon’s ecosystem, customers will be able to complete their payments for each of their utilities using methods that are safe, secure, smooth and usable.

Payment Fee – Loyalty Program

Customers will receive awards in the form of loyalty points when paying off their bills or topping up their accounts using Treon e-wallet (TXO). This will be an additional benefit that customers will receive on any payments they make using TXO.

Smart notifications

Consumers will have the option to tailor different notifications to all of their utility providers to ensure timely updates and, more importantly, to avoid suspension of services due to late payment.

Treon’s business model is based on multiple revenue streams coming from different utility services, mainly from distribution margins, transaction fees and platform usage fees. Treon (TXO) will realise healthy margins while delivering significant savings to utility providers. Treon gives back rewards to customers against using TXO tokens to make adoption and usage much more appealing. Additionally, such savings will be the catalyst for utility companies to move their cross – trade contracts to the blockchain in order to cost-effectively manage their business dealings. Through the consolidation of the above margins and fees, Treon business model is built to address a growing global market and be a true partner to utility providers, bringing real value to consumers and providers alike.

TOKEN AND ICO DETAILS

Token Symbol : Treon (TXO)

Total Supply : 1,000,000,000 Billion

Allocation : 429.7 Million

Soft Cap : 4 Million USD

Hard cap : 25 Million USD

Currency : ETH, BTC

Period of Pre-Sale : 21-May-2018 to 17-June-2018

Period of ICO : 18-June-2018 to 17-July-2018

Pre-sale minimum investment amount : 0.1 ETH

Tokens available during Pre-sale : 118.2 Million TXOs

Tokens available during ICO : 281.8 Million TXOs

Token Sale: 429 Million TXO tokens are available for purchase starting on 21-May-2018 and ending on 31-Oct-2018. Sales will be terminated if alltokens are sold before the end date.

Unsold TXO will be transferred to the Future Token Reserve

TXO will be used for customer accounts top-up, recharge, and bill payments on utilities network. TXOs are not an equity representation of the company.

ROADMAP AND DEVELOPMENT PERSPECTIVE

Above you can see the roadmap — how the team sees their nearest and long-term future.

TEAM MEMBERS AND ADVISORY MEMBERS TO THE PROJECT

Team seems to be the strongest part of this project. It consists of innovative and talented people. Of course I cannot complain if we talk about their professional level, guys indeed are experts on their field.