Introduction!
Did you know that the average utility consumers stand in queues for 20 minutes every time they pay their bills and, they do so 3 to 4 times per month? That’s an average of 90 minutes just queuing! Fortunately, now those queues have just got a whole lot shorter, in fact they no longer exist thanks to Treon!

What is Treon?
Treon is a token based blockchain with a mobile dashboard and wallet solution for utility bill payments, especially designed for the billions of customers using public utilities to settle their bills using blockchain smart contract technology. Treon is a new form of private, instant, verified and reliable transaction.

Treon is a platform on the Ethereum blockchain built to enable consumers around the world to manage and pay their monthly utility bills for usage on telecom, electricity, gas, and water networks. The mobile phone as a mainstream digital, always-on tool is one of the cornerstones of Treon’s business model and mass adoption strategy for the billions of consumers.

Vision.
Treon aims to become the new “Utilities Money” to transact on and off utility networks. We envision a world where banked and unbanked consumers are equally enjoying the convenience and security of knowing and paying for what they used from minutes of voice calls, gigabytes of data, kilowatts of electricity, thermal units of natural gas, or gallons of potable water. All from one online and consolidated dashboard running on their smartphones and paying for such usage using the currency of their choice -- crypto or fiat -- by few simple clicks.

Moreover, we envision that utility companies will find Treon tokens one of the leavers for their long overdue digital transformation. We strongly believe that Blockchain smart contracts is the eminent next wave of automation for utilities to manage and settle bilateral/multilateral agreements amongst them. The efficiency, speed, and savings Treon platform and TXO tokens will bring to bear is a strong attraction for utilities to adopt.

Why Treon?
Treon is a robust, modular, Ethereum blockchain-based, decentralised utility payment gateway and processing wallet app that any consumer can use from around the world to pay their utility bills. Treon aspires to become the tool and token of choice in a completely decentralised and inexpensive way.

Treon is building a new form of services with its digital payment tool in a sector that had little customer-centric innovations for years. The blockchain technology is offering vast opportunities for utilities to grow cost efficiencies and profitability while offering consumers greater control over their usage with financial freedom.

Problem!

Today, consumers of telecom, electricity, and water are faced with numerous challenges:

1. Frustrating customer experience, especially the unbanked! due to the gaps between what utility companies are promising and the actual service and experience.

2. Fragmented ways to monitor, control, and pay for usage with varying degrees of sophistication, depending on the provider. One thing for sure, you have 3 or 4 different user journeys you go through just to know and pay for the basics of life: energy, telecom, and water.

3. Lack of a consolidated and simple smartphone app to manage all your utility accounts in one place and pay your usage.

4. There are no incentives for on-time payments. Little to no loyalty rewards, which is due in part to the monopolistic history of most utilities, leaving consumers with the perception of being taken for granted.

5. Little to no rewards for using eco-friendly utilities like solar energy and wind generated electricity. How about getting rewarded with cashback for electricity consumption generated on solar grids? Imagine this becoming mainstream with its positive impact on the environment.

An average bankedconsumer manages 3 or 4 utility accounts; a telecom provider for mobile service, an electricity company to light-up the house, a water utility to pay for clean water, and a natural gas provider for heating and cooking. Each utility company has a different billing cycle with different due dates.

Overview.

Treon is incorporated in Estonia as a technology company with two crypto licenses approved by the Estonian Finance Regulator. Our office in Tallinn is Treon’s legal HQ and where all finance functions and activities are clustered. The official company name and office address are:

• TreonX OÜ, Harju maakond, Tallinn, Kesklinna linnaosa, Roosikrantsi tn 2-K471, 10119 Estonia.
• TreonX OÜ is both the issuer and operating company of the TXO token and technology solution offered to utility companies.
• Treon’s commercial head office is in Dubai, UAE where all business development, partnerships, utility companies’ relations, marketing, and PR activities take place. Treon’s Dubai office is located at:DMCC Business Centre - Unit # 168, level No 8.
• Jewellery & Gemplex 2 - Dubai, UAE Treon’s technical head office is in Hadrabad, India where we have over 20 developers working on building both the on-chain and off-chain components of Treon’s solution.

Benefits,
Treon will digitise the interoperability agreements amongst utility companies by converting them into smart contracts on the blockchain and utilising Treon tokens for settlement.

The current landscape, for the most part, is a mesh of semi- automated managed contracts amongst utility providers, distributors, and end consumers. Treon will create and deploy blockchains and associated smart contracts for utility companies by industry to automate and speed up the monthly settlements amongst thousands of companies. Telecom blockchain with smart contracts for interoperability agreements amongst landline, mobile, and internet telecom operators worldwide. Electricity blockchain with smart contracts for interoperability agreements amongst power generators, distribution, mobile, and internet telecom operators worldwide.

Savings on transaction fees.
There will be savings of up to 80% on the current fees due to the introduction of TXo tokens with low commission fees relative to the current bank & credit card commissions. It will also bring significant values to all utility providers and will ease the adoption rate for the use of TXO tokens.

Futures:

Our Treon app is in its prototype phase now. It is created with the MVP( Minumum Viable Product)in mind. Features will be phased in sprints following agile methodology. The MVP POC (proof of concept) is ready for download from the app stores.

Token Distribution:

43% of the 1 billion total supply will be sold during the ICO proceeds (less ICO related costs) will be distributed as follows!

• Technology: 60%
• Marketing: 25%
• Operations: 10%
• Legal & Admin: 5%

Token Allocation:

57% of TXOs will be allocated for future minting, ecosystem, founders and team (over 10 years), as follows!

• Future TXO Reserve: 84%
• Founders: 9%
• Ecosystem: 5%
• Team: 2%

ICO Details:

• Smart Contract will distribute sold tokens after the completion of the ICO.

• To preserve the value of the TXO tokens, all purchased token during the ICO as well as tokens earned:as bonus during ICO sales stages;as Airdrop tokens; and,as Bounty tokens will be transferred within 30 days after the last day of the ICO.

• 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.

• Vesting schedule for team tokens.

• Vesting schedule for Pre-Sales Bonus Tokens.

Roadmap.

Team:

Advisor!

Official website:

Website: https://www.treon.io/
Whitepaper: https://www.treon.io/data/Treon-WhitePaper-v2.0-02072018.pdf
Ann Thread: https://bitcointalk.org/index.php?topic=3403731.msg35625366
Telegram: https://t.me/TreonOfficial
Facebook: https://www.facebook.com/Treon-171801956857915/
Twitter: https://twitter.com/TreonNews

Author: by, #muhammadomy.

ERC-20 Ethereum address: 0x02892c17dBF5EA9411fD0fa9a67Acc0140819E2F
Bitcointalk profile URL: https://bitcointalk.org/index.php?action=profile;u=1128332