What is Treon?
Treon is a token based mobile dashboard and wallet solution for utility bill payments, specially 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. The utilities sector has had intermittent customer-centric innovations over the years. Disruptive blockchain technology utilised by the TXO e-wallet offers vast opportunities for utility providers to drive cost-efficiency and increase profitability while giving consumers greater control over their usage and wider financial inclusion and convenience. With Treon, we will make your utility bill payments a convenient one-click experience – anytime, anywhere. Treon (TXO) is focused on providing an exciting value-added service that will simplify the utility management and payment process like never before: consumers will effect their payments instantly using a simple consolidated dashboard.
The MVP (Minimum Viable Product): For decades, the relationship between customers and their utility providers have been cumbersome and unfriendly where customers were expected to only pay their bills on time or their service gets suspended. Due to the monopolistic history of most telcos, electricity, natural gas, and water companies, customer experience and satisfaction were not on the top of their priorities even after the competition was prevalent. It wasn’t before few years ago when utilities started to implement tangible customer-focused improvements to their experience journey. However, these improvements fall short to keep up with the fast advancements of latest technologies impacting the customer experience. To present consumers and utilities with functional uses of the Blockchain technology, Treon is creating a usage dashboard (app) and an e-wallet. Both are integrated with utilities’ infrastructure through a digital platform built with Ethereum blockchain technology.
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 top-up, direct purchase of TXO through ecosystem partners (utility companies and their contracted distributors), or crypto exchanges.
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. We are also partnering with multiple cryptocurrency wallet experts to provide Treon users with the best experience of the cryptocurrency ecosystem. The intended security default for Treon is that users’ wallets are multisig with one key held by their Utility provider, and another held by Treon. This mechanism would prevent token loss due to SIM fraud and stolen mobile phones. Treon will make this as the default setting, but customers will be able to change it if they opt to manage security on their own.
Project Team:
Treon team was selected on the cultural foundations of Innovation, trust, transparency, and simplicity being our core corporate values and are embedded in everything we do. Our organization structure is flat to ensure speed of execution in a fast-moving space. Each member has worked and lead multicultural, multidisciplinary, and adaptive teams that achieved tech innovations in challenging markets.
Token Details:
Treon (TXO) Is a “utility token” based on the Ethereum blockchain that will securely and seamlessly help consumers pay for their usage of utilities like, telecom, electricity, water, natural gas through a mobile wallet and app that is connected to the utility companies they are subscribed to. The name of the token is “TXO token”, having the abbreviation “TXO” and based on the Ethereum ERC-20 standard. TXO is a currency that can be used to settle different utilities while aiming to bring comparative analysis for the customers to select the best services and receive the best value for their money.
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. 43% of the 1 billion total supply will be sold during Presale and the ICO & 57% of TXOs will be allocated for future minting, ecosystem, founders and team (over 10 years) Smart Contract will distribute sold tokens after the completion of the ICO 29 Million TXO tokens are available for purchase starting on 21-May-2018 and ending on 17-July-2018. Sale will stop if tokens are sold before the end date. Unsold TXO will be transferred to reserve.
Token TXO
Price 1 TXO = 0.11 USD
MVP/Prototype Available
Platform Ethereum
Accepting BTC, ETH
Soft cap 4,000,000 USD
Hard cap 25,000,000 USD
Country Estonia
Whitelist/KYC KYC & Whitelist
Restricted areas USA
Verdict:
Several factors have played in shaping Treon’s structure: various regulatory environments for fintech companies, crypto-friendly legal jurisdictions, the presence of available qualified technical experts, and proximity to target markets. Treon team is distributed globally by design: integrated development team based in India for proximity to pools of technical experts; product management team based in Egypt for proximity to African and Asian target markets; strategy, investment, and commercial team based in Dubai for proximity to financial hubs, and a corporate structure with applicable crypto licenses based in Estonia. Treon services the world which requires the company to be diverse and global by DNA. The team is composed of 7 nationalities covering 5 continents. Innovation, trust, transparency, and simplicity are our core corporate values and are embedded in everything we do. Our organization structure is flat to ensure speed of execution in a fast-moving space.
Important links:-
Website: https://www.treon.io
Whitepaper: https://www.treon.io/data/Treon-WhitePaper.pdf
Telegram: https://t.me/TreonOfficial
Twitter: https://twitter.com/TreonNews
Facebook: https://www.facebook.com/Treon-171801956857915/
ANN: https://bitcointalk.org/index.php?topic=2340805.0
Bounty: https://alpha.bounty0x.io/hosts/mcfly
ETH: 0xCc538c6335203Cd2e771F27d12F4c90695366407
BTT: https://bitcointalk.org/index.php?action=profile;u=1495664
