Today, telecom, electricity and water consumers are faced with many challenges: A frustrated customer experience - especially for those who do not have a bank account - because of the gap between what a promising utility company and its actual service and experience. A fragmented way to monitor, control, and pay for use with varying degrees of sophistication, depending on the provider.
One thing is certain, you have 3 or 4 different travel journeys you just go through to find out and pay for the basics of life: energy, telecommunications, and water. Lack of consolidated and simple smartphone apps to manage all your utility bill payments in one place and pay for your usage.
There is no incentive to pay on time. Little or no loyalty rewards, partly due to the monopoly history of most utilities, leave consumers with the perception that it is taken for granted. Little or no rewards for using environmentally friendly utilities such as solar and wind generated electricity. How to get cashback rewards for the electricity consumption generated on the solar grid? Imagine this being a mainstream with a positive impact on the environment.
The average consumer manages 3 or 4 utility accounts; telecommunications providers for cellular services, power companies to power homes, water utilities to pay for clean water, and providers of natural gas for heating and cooking. Each utility company has different billing cycles with different due dates. Some accept online or mobile payments; others require a cash payment at their service location, where the rest may receive credit / debit card payments, either on automatic payments or with manual triggers.
Treon is a token and e-wallet based on Ethereum blockchain that targets the utility market. The utility token enables consumers worldwide to easily pay and manage their telecommunications, water and energy usage. The platform aims to capture telecommunications, energy, electricity and natural gas transactions worth more than $ 7.5 billion by 2023.
The use of platform by providers will allow for cost efficiency and increased profitability while giving consumers increased control over their use. It also allows increased financial inclusion and convenience for customers. Treon will make paying your utility bill an easy one-click experience.
Treon will provide attractive and value-added services that will simplify management and payment processing. The utility token has a composite dashboard where consumers will be updated on their consumption on screen. When customers pay using tokens, they earn loyalty points as a form of reward and they can redeem points for the unit of consumption they like.
Benefits of Treon as Blockchain Utility of Coins Bill Payment: Increase Consumer Life - Consumers no longer need to queue to pay their utility bills. They can do it with a single click thanks to the Treon platform. This platform also makes it easier for parties who do not have a bank account to pay their bills without needing to have a bank account. This platform has a combined dashboard that provides customers with smart notifications about their service status. In addition, consumers get rewarded in the form of TXO when they use green energy.
Changing the Utility Environment - The use of blockchain technology eliminates the need for intermediaries that will result in 80% savings on transaction costs for bill payments. Treon will allow trade-linking agreements between energy providers and encourage industry participation. This platform will enable digital cross-trade agreements in blockchain. The platform will also increase operating costs that will result in savings. This platform provides faster and more efficient cross-trading solutions.
Treon will use the phone as a bridge for customers to harness the power of blockchain and cryptocurrency technologies. According to the World Bank and GSMA, 3.8 billion mobile users have no bank account. Treon tokens aims to bridge the digital divide for those who do not have bank accounts, giving them the opportunity to participate in a fast-growing online economy. This fast-growing digital economy is an unexplored potential in many different utility sectors. Their annual market size in Trillions of dollars in telecommunications, electricity, natural gas, green or water energy and Treon is set to capture this market share. The following will illustrate market opportunities and how Treon is prepared to capture growth that can be improved and sustained within the next 5 years.
Treon's business model is based on multiple streams of income derived from distribution margins, transaction costs, and platform usage fees by various utility services. At the same time, they represent significant savings to utility providers and form a healthy margin for Treon. This will allow Treon to give back the prize to the consumer from using tokens to make the adoption and use of Treon interesting. In addition, the savings will be a catalyst for utility companies to adopt moving their contracts to blockchain to facilitate contract management and payments.
Treon aims to bridge the gap for those who do not have bank accounts, by providing easy access to currencies that can be used to complete various utilities while aiming to bring comparative analysis for customers to choose the best service and receive the best value for their money. There are equally important benefits to being able to bring in 3.8 billion people out of 5 Billion mobile users worldwide and who currently do not have bank accounts that will formulate drastic changes in the industry. Southeast Asia is a huge growth market with 50% of the population being underbanked. This will be achieved by providing easy access to the industry to pay for their services.
Treon will ensure the integrity and safety of the wallet using the intelligent blockchain contract Ethereum that serves as a multi-signature wallet (multisig). This will require some participants to sign a certain subset of operations (such as large withdrawals or transfers) to be executed. Since Treon's consumer business model focuses on utility bill payments, the limit will be set according to the average consumption level in this sector.
Treon aims to become a new "Money Utility" to transact on and outside the utility network. We imagine a world where consumers who spend and do not have bank accounts alike enjoy the convenience and security of knowing and paying for what they use from voice call minutes, data gigabytes, electric kilowatts, natural gas thermal units, or gallons of drinking water. All from one online and consolidated dashboard running on their smartphone and pay for those uses using their preferred currency - crypto or fiat - by a few simple clicks.
Treon comes in the form of a digital currency named TXO. The TXO tokens will go on sale from June 18, 2018 to July 17, 2018. Token purchases themselves can be made with foreign digial currencies such as ETH and BTC. Do not forget, get also purchase bonuses at certain time period.
Treon himself is the result of teamwork co-chaired by Hesham El Metainy, Treon strives to provide their best abilities in the project. In addition, the team also strives to provide the best benefits and services, to anyone interested in joining the project.
Treon has been designed and created by a team of highly experienced technology experts. The founder of Treon frames a competent group with a wide industry talent in telecommunications, vitality, blockchain, and innovative endeavors. Colleagues have shown a track record of starting, measuring, and becoming a productive multi-billion dollar organization.
So that's all for review our ICO project for this time, hopefully can increase your knowledge in choosing the best project ICO to you invest. If you are interested in joining this project, or intend to buy a token in the sale. You can visit their official website and page below:
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