Treon (TXO) is a “utility token” based on the Ethereum blockchain that will securely and seamlessly help consumers to 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 that people are subscribed to through a consolidated dashboard that will enable new utility payment ecosystem over the Blockchain. An ecosystem that exceeds $2 Trillion of yearly turn-over for household consumption alone. Treon is built for utility consumers and providers. The Treon wallet application allows consumers to manage and pay for their utilities usage. Treon also enables the seamless settlement of intra-utility agreements amongst various providers.
Treon aims to be a strong catalyst for the digital transformation utilities both fronts: Business-to- Consumer and Business-to Business. It is also aims to digitise the interoperability amongst utility providers using smart contracts on the Ethereum Blockchain to automate and speed-up the settlement of funds per their multi and/or bilateral agreements.
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.
Treon Digital Platform
It is Treon’s blockchain infrastructure built to support the TXO wallet and transactions. It houses the integration protocols of the app and wallet with utility companies’ systems to present usage data and settle bill payments. It is also the smart contracts engine tosupport Treon’s network of ecosystem partners.
– Frustrating customer experience especially for the unbanked due to the gaps between what utility companies are promising and the actual service and experience.
– Fragmented ways to monitor, control, and pay for usage with varying degrees of sophistication, depending on the provider. One thing for sure, you have 3 or 4 different user journeys you go through just to know and pay for the basics of life: energy, telecom, and water.
– Lack of a consolidated and simple smartphone app to manage all your utilities bill payments in one place and pay your usage.
– There are no incentives for on-time payments. Little to no loyalty rewards, which is due in part to the monopolistic history of most utilities, leaving consumers with the perception of being taken for granted.
– Little to no rewards for using eco-friendly utilities like solar energy and wind-generated electricity.
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. 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 Treon foresees that cryptocurrencies will be part of the regular day to day transactions soon. Treon is building a new form of services with its digital payment tool in a sector that had little customer-centric innovations for years. The blockchain technology is offering vast opportunities for utilities to grow cost efficiencies and profitability while offering consumers greater control over their usage with financial freedom.
Treon will use the mobile phone as the bridge for customers to harness the power of blockchain technology and cryptocurrency. According to the World Bank and GSMA, 3.8 billion of the mobile users are unbanked. Treon token aims to bridge the digital divide for the unbanked, giving them opportunities to participate in the fast-growing online economy. This fast-growing digital economy is an unexplored potential across the different utility sectors. Their yearly market sizes are in the Trillions of dollars whether in telecom, electricity, natural gas, green energy or water and Treon is set to capture its fair share of this market. The following will illustrate the market opportunities and how Treon is poised to capture scalable and sustainable growth in the next 5 years.
Treon will be promoted in parallel via two different verticals, each side will have a different approach based on key success factors. There will be a customer track and a utility company track to serve the different needs and interests.