A storm has hit the investment market which we are not going to recover from. Crypto investment is that storm. With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.
While this revolution is gaining wide acceptance, Treon, 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 has arrived.
Now that I have your attention, let’s get right to it.
What exactly is 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”.
You can pay the bills using the TXO currency of Treon which is based in the Ethereum blockchain. TXO offers a secure way in paying the bills using a mobile application where utility companies are connected as well which results in a single dashboard view of all your utility bills in real time and ready in one go. This solution provided by Treon will allow people from borders to borders or across nations to pay the necessary utilities at the comfort of their homes without leaving.
Treon intends to end up the new "Utilities Money" to execute on and off utility systems. We imagine a reality where managed an account and unbanked buyers are similarly getting a charge out of the accommodation and security of knowing and paying for what they utilized from minutes of voice calls, gigabytes of data, kilowatts of power, warm units of petroleum gas, or gallons of consumable water. All from one on the web and united dashboard running on their cell phones and paying for such use utilizing their preferred money – crypto or fiat – by couple of basic snaps.
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.
BUSINESS MODEL: THE FUTURE OF UTILITY PAYMENT EXPERIENCE
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.
1 TOKEN, 1 SCREEN & 1 CLICK
With a click of a button, you will be able to buy tokens (TXO), view your usage and influence your payments for all your utilities anywhere in the world. Combines the ease of using one interface through multiple payment options to settle bills from Utility companies on a single dashboard.
Decentralized utility payment gateways and processing wallets applications built for all customers worldwide including those without bank accounts, with a simple and consolidated smartphone app to manage and pay all your payouts across various utility accounts.
Treon will ensure the integrity and security of e-wallet using a smart blockchain Ethereum contract that works like a multi-signature (multi-bill) wallet. We partner with several expert cryptocurrency purses to provide Treon (TXO) users with the best experience of the crypto ecosystem.
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.
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.
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
Token Distribution & Allocation after ICO:
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%
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%
Smart Contract will distribute sold tokens after the completion of the ICO. Vesting schedule for team tokens.
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
Meet The Amazing Team
Be a part of this incredible project. Download the whitepaper for the full scoop.
Till next time…
For more information, please visit:
Bitcointalk Announcement Thread: https://bitcointalk.org/index.php?topic=3403731.msg35625366
My BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=1326035
Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.