TREON ICO REVIEW
The Blockchain is a rapidly growing technology that is engulfing every possible business domain. Therefore, many reports published have predicted a huge rise in the Blockchain market. According to reports, the Blockchain market is expected to extend to over 20 billion dollars by 2024. It is counted in one of the most promising new technologies that are hoped to change the future of businesses and the internet.
You may be contemplating on the crypto coin that will be best for your investment. You might have even found yourself investing in one of these Cryptos but you did not gain your profit as you expected because, some developers, after hitting their target and making a huge sum of money, dropped the project, and left investors in the middle of no where. All hopes are not gone. Lets start a new page in you new or next journey to investment for profitable earnings. I will be letting you on the TREON project which is an ethereum blockchain-based utility token and e-wallet to pay utility bills using powerful technology in a fully decentralized and secure manner. The Treon Platform is at the forefront of blockchain innovations.
Treon is a token based 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.Easy and convenient, Treon is totally transparent and trustworthy, a one-stop- shop for utilities bill payments through just the one dashboard. Real-time, trackable and cost reductive,Treon makes paying your bills effortless and seamless, from virtually anywhere.
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 corner-stones of Treon’s business model and mass adoption strategy for the billions of consumers.
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.
FEATURES of TREON
Wallet - Secure, reliable, and robust wallet to pay bills from one place using the currency of choice. As described before, customers will receive loyalty points when paying with TXO tokens, and that’s one of the strongest value-adds of Treon. The Treon wallet is built with the flexibility to allow customers to transfer between fiat and TXO and other selected cryptocurrencies. Customers will have multiple ways to top-up the wallet with fiat currencies: credit cards (for banked customers), telecom recharge cards, over-the-air topup, direct purchase of TXO through ecosystem partners (utility companies and their contracted distributors), or crypto exchanges.
1 TOKEN, 1 SCREEN & 1 CLICK - With one click of a button, you will be able to purchase (TXO) tokens, view your usage and effect your payment for all your utilities anywhere in the world. Combining the ease of using a single interface through multiple payment options to settle bills of different Utility companies on one dashboard.
Usage Dashboard - Treon will be the first in the industry to present consumers with an “on-mobile-dashboard” to display their household utilities accounts in one screen. Imagine the convenience of looking at one screen with usage you consumed on the utilities you are connected to. The usage dashboard app, wallet, and payment protocol are intentionally designed as a modular implementation to integrate utilities’ billing and charging systems.
SECURE - Treon will ensure the integrity and security of the e-wallet using Ethereum blockchain smart contracts acting like multi-signature wallets (multisig). They partnered with multiple cryptocurrency wallet experts to provide Treon (TXO) users with the best experience of the crypto ecosystem.
Smart Notifications - Smart notifications from within the app will highlight the different benefits. It will be customised notifications to relevant information to customers based on their profiles and interests.
Not only that they are planning to use AI capabilities to provide real-time contextual recommendations on optimisation of usage resulting in savings to consumers. This is an ongoing exercise as it also ensures that how customers are being rewarded when they are using renewable energy as an alternative and rewarded accordingly.
When it comes to security of Treon platform Treon will ensure the integrity and security of the wallet using Ethereum blockchain smart contracts acting as multi-signature wallets (multisig). It will require a certain number of participants to sign for a certain subset of operations (like a large withdrawal or transfer) to be executed. Since the Treon consumer business model is focused on payment of utility bills, the limits will be set in line with average consumption levels in the sector.
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.
For unbanked customers, there are assured benefits of using TXO tokens. Obviously, there is a learning curve for the customers to learn to access TXO as a settlement tool so in the interim we are offering and will continue to offer other payment tools. Treon’s core purpose is to provide all sorts of payment methods that exist today for the customers around the world to try to ease their day to day pain as we foresee that cryptocurrencies will be part of the regular day to day transactions soon.
Basically TREON has set out to:
- Improving Consumer’s life
- Avoid queuing in long lines to pay bills. Pay bills with one click using TXO tokens.
- Consolidated usage dashboard. Smart notifications on service status.
- No Bank Account? No Problem… Financial inclusion for the unbanked.
- Real rewards for paying with TXOs especially for usage of Green Energy.
- Transforming Utilities to What’s Next
- 80% savings on Transaction Fees for bill payment.
- Digitize cross-trade agreements on the blockchain.
- Improve operating cost leading to savings.
- Provide faster and more efficient cross-trade settlement tool.
Treon Token (TXO)
The Treon Token (TXO) will be based on the TPP ecosystem. The TXO token is the payment mechanism for utilities adopting Treon Payment Protocol (TPP). It will initially build on the ERC20 standard interface but will extend the money transfer process so that advanced payment methods can be utilities. The TXO token is designed to be different from current cryptocurrencies as it will allow comprehensive all-in-one billing mechanism to be implemented in a flexible way.
Secure, reliable, and robust wallet to pay bills from one place using the currency of choice. As described before, customers will receive loyalty points when paying with TXO tokens, and that’s one of the strongest value adds of Treon. The Treon wallet is built with the flexibility to allow customers to transfer between fiat and TXO and other selected cryptocurrencies. Customers will have multiple ways to top-up the wallet with fiat currencies: credit cards (for banked customers), telecom recharge cards, over-the-air top-up, direct purchase of TXO through ecosystem partners (utility companies and their contracted distributors), or crypto exchanges.
Token Sale and ICO
This token sale event allows participants to contribute to Treon and receive TXO tokens. TXOs will be used for customer accounts top-up, recharge, and bill payments on utilities network. TXOs are not an equity representation of the company.
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
43% of the 1 billion total supply will be sold during Presale and the ICO pro-ceeds (less ICO related costs) will be distributed as follows: -
Legal & Admin 5%
57% of TXOs will be allocated for future minting, ecosystem, founders and team (over 10 years), as follows:
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
Q1 2017: Starting from Idea and planning
Q4 2017: Technical architecture and prototyping
Q1 2018: ICO planning & preparation
Q4 2018: Request a Token on the Crypto Stock Exchange
Q1 2019: Onboarding Telecommunication Provider
Q4 2019: Agreement with Telecom top-up distributor
Q1 2020: Agreement with payment gateway
Q4 2020: Onboarding Electrical Company
Q1 2021: Smart Contract for natural gas companies
Q4 2021: Onboarding company Water Utility
Q1 2022: Launch of Telecom reseller agreement
Q4 2022: Close all reseller agreement of utility provider
Treon team designed a simple and unique digital platform, smartphone app and a wallet to enable customers to manage their services from one place with utility providers and pay for their usage through a consolidated application, which is connected to each provider through open and secure interfaces. In addition, to grow this new ecosystem, Treon will reward customers every time they use Treon tokens (TXO) to top-up their utility accounts or settle their utility bills.
For more information please visit the links below;
Bitcointalk Announcement Thread: https://bitcointalk.org/index.php?topic=3403731.msg35625366
BitcoinTalk profile link: https://bitcointalk.org/index.php?action=profile;u=1680409