TREON: UTILITY PAYMENTS MADE EASY THROUGH THE BLOCKCHAIN TECHNOLOGY

aaabossbaby (29)in #treon • 6 years ago

Everyone pays bills no matter how small they are, ranging from telephone bills, electricity, water, gas and so many more and the payment of these bills is usually through dedicated channels provided by the utility providers with funds paid in cash or recently through debit cards.
While payments of these services makes it possible to use essential things by customers it is also very stressful, time consuming and not cost effective as long queues are usually formed to pay these bills. This is because various utility providers have various centers for payments.

The use of debit cards was introduced to make this challenge easier to an extent and it is unfortunate to observe that it is not working but rather adding to the queue just in a different way as P.O.S used for this always have issues and payments sometimes are not remitted properly or are deducted twice.

To alleviate all these challenges a better solution where customers can pay all their bills at once which saves time and improves efficiency is needed, hence the invention of TREON which is backed by blockchain to eliminate completely these challenges.

THE TREON PLATFORM

This is a token-based platform with a wallet app built on the Ethereum blockchain for the payment of utility bills such as electricity, gas, water, telephone bills and many more which is paid generally by the public i.e. individuals and corporate bodies. Treon works on the basis of the Ethereum blockchain and makes it possible for users to pay for their utilities bills either with cryptocurrency or fiat currency transparently by making use of a single online dashboard that runs conveniently on mobile phones.

Treon token (TXO) is a utility token and is to be used in paying for these bills .The token is integrated with an e-wallet that is blockchain powered and this means that users get control of their funds with a reduced transaction fees whenever they use the TXO token.

To solve this major challenge faced by the general public, Treon has kept in place several components to connect customers to their service providers and these are:

Treon Payment Protocol (TPP)
This payment protocol is specially built for utility service payment, although similar to other blockchain payments, it will be without their flaws therefore making it very flexible and the incorporating of various elements such as online elements which contains token contract, Treon account, Treon bill authorizers with Treon bill limiters and off-chain elements such as Treon app and dashboard, Treon wallet, Treon Digital platform with Treon TPP SDK.

Marketing
This feature will be used to promote the usage of this platform by both utility providers and customers through Treon channels which is divided into two; Business to Business marketing and Business to customer marketing. The Business to Business marketing is done through the implementation of smart contracts that will make it possible for bill settlement to occur smoothly and helps in saving fees incurred from transactions with other business. The Business to customer marketing channel will include social media, AI capacities and Smart notifications.

On the Treon platform, Both the unbanked and the banked users can make use of this platform effectively to pay for their bills effectively with the use of mobile phones without having to go through the trouble of queuing.
Provision of just a platform to pay all bills instead of going from one utility provider center one after the other which wastes considerable time and energy which can be invested somewhere else.

Users have the ability to verify if their payments are actually made and get invoices on them while also getting bonuses for making their payments on time.
Utilities providers through this platform can get their customers to pay their bills on time which relieves stress on their workers as Queues will be decreased and invoices will be generated automatically with smart contracts.

Treon removes one of the greatest challenges faced by the public in general as payment of all bills is made easy and serves to connect service and utility providers with their customer.

TOKEN FEATURE
The Treon token is built on the Ethereum blockchain and is known as TXO and will be the easiest means for customers to pay their bills as the use of this token will make payments faster, less costly and more secure. Customers are also rewarded whenever they use Treon token to pay their bills.

Token Ticker: TXO
Price of 1 TXO = 0.11 USD
MVP/Prototype is Available
Token Platform: Ethereum
Accepted currency: BTC, ETH
Soft cap: 4,000,000 USD
Hard cap: 25,000,000 USD
Originating Country: Estonia
Whitelist/KYC : KYC & Whitelist
Restricted areas: USA

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