Treon [ICO Review]
Treon is a decentralized mobile application that leverages blockchain technology to enable its users to pay and manage their utility bills through one consolidated dashboard. Telecom, electricity and water consumers can now monitor their usage and settle bills, with instant 24-hour access, from anywhere in the world, in the palm of their hand. Additionally, payments can be made in the users preferred cryptocurrency, fiat currency, or with added incentive via the Treon (TXO) token.
Treon’s TXO is an Ethereum powered utility token with a digital wallet that utilizes blockchain smart contracts to securely and transparently coordinate payments made between customers and utility providers. The mobile dashboard boasts an intuitive, easy to navigate design where customers can view a full display of their consumption, customized notifications and early alerts for payments or renewals. The use of smart-phones to manage our affairs is now the norm, with over 5 billion people currently proficient in their use. Smart-phones will only become more popular and advanced moving forward, as their convenience and ability to operate virtually everywhere we go has become a necessity – almost a fixed part of the human anatomy for some. It only makes sense to create a better system that optimizes this evolutionary progression, and that’s exactly what Treon has done.
Paying Utility Bills with Treon (TXO) and Blockchain
Currently, for consumers to pay all of their utility bills, it requires them to use multiple applications or mediums, which can take 1 to 3 days for a payment to even process. If paying via the phone or in person, a customer can easily be in a cue for 20 minutes or more. Sometimes it feels like the service provider wants you to miss a payment, so that you’ll have to pay their ludicrous late fees. This is where the development of blockchain technology truly excels and finds its own purpose of existence – to eliminate unnecessary fees, processes and time delays incurred by traditional centralized methods. Making a bill payment using Treon is intuitively easy, with a consolidated dashboard, users will be updated on their consumption on one-screen, and with one-click, they will be able to pay their bills instantly.
Treon largely benefits utility service providers also, who will save up to 80% on existing transaction fees by sidestepping banks or credit card commissions. Participating service providers are incentivised and receive additional margin on TXO’s tokens, based on each year’s transaction volume on Treon. Customers will be encouraged to use and make payments with TXO by rewards in the form of loyalty points – upon settling their bills, or topping up their accounts using the token. Loyalty points can be redeemed for their preferred utility consumption units, as incremental savings on those bills.
Treon’s Influence with Impact
Treon is set out to have a positive impact on the world, by supporting and promoting green energy. Treon will be providing green energy providers with the advantage of zero fees, in an effort to support and encourage the industry to move towards clean naturally replenished energy.
Furthermore, Treon (TXO) plans to boost the industry of blockchain and cryptocurrency by enhancing the adoption rate of new users. It has never been easier for a crypto novice to use cryptocurrency, because the app has its own built-in wallet. At the click of a button users can top up their wallets from a credit card, pay pal or bank account transfer. Using their cryptocurrency, whether it be TXO, BTC or ETH is as simple as selecting one before payment is made. Treon’s vision that their TXO token will become the preferred payment method and tool of choice, which invites a $5 trillion industry to join the cryptocurrency movement. Treon are using the smart-phone to be the bridge for customers to harness the power of blockchain and cryptocurrency.
The individual experience of each Treon team member is impressive in itself, but when combined they’re second to none. Founder and strategist Hesham El Metainy has 25 years of experience in global information and communication technology companies. He was the driving force that led to the fast expansion of prominent companies like Cisco, Logica, and Orascom, to name a few. The other founder is technology specialist Khaled Khorshid, who’s also accumulated 25 years of executive experience, leading consulting firms such as Accenture and EDS disrupting old technologies and creating new business models. Khaled held high profile roles within large energy and telecom utilities in North America, Africa and Asia.
The team of 15, are all experienced professionals in their field, having been selected because of their work in multicultural, multidisciplinary and adaptive teams that achieved impressive tech innovations in difficult markets. The advisors add another element of wow factor, covering absolutely every base from finance, design, digital marketing and communications and PR, legal, telecom, corporate governance and multiple advisors in energy, solar, utilities and power. It’s safe to say they are beyond well equipped to handle the task at hand.
Moving Forward with Treon
What makes this, or any blockchain project great is its real use case and solution to a problem we face in the real world. With the utilization of blockchain technology, Treon will deliver a service that rewards it users and its partnered service providers by giving back, while bringing real value to consumers and the providers alike. Treon business model is built to address an ever-expanding global market and be the ultimate tool to make the utility bill payment process quicker, easier and more affordable.
With the adoption of Treon as the leading method of utility payment, we are less than a year away from being able to pay bills with one click from our hand held mobile devices. It really is an exciting time for the blockchain industry, finally seeing its embracement from the mainstream and general population in 2018. This mobile application from Treon will only make the transition easier for those wanting to get involved in the crypto space.
The Treon Token Sale
Treon has a total of 1 billion TXO tokens available, 43% of that designated to the pre-ICO and ICO. Currently Treon are in phase 2 of their pre-ICO, where early adopters can get a bonus saving of up to 25% until the 17th of June. Finally, the ICO will run from the 18th June – 27th of July, where buyers have a last chance at bonus savings of up to 7% in the early stages of the ICO token sale.