Press releases

Klenergy Announces Launch of The Pylon Network ICO – A Self-Governed Economy Built Around The True Value of Renewable Energy Technologies and Designed To Accelerate Sustainable Development In The Energy Sector

Bitcoinist | Oct 24, 2017 | 11:30

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Pylon Network is the first blockchain-based energy trade platform, designed to empower energy production and energy management/optimization at a local level.

[Note: This is a press release.]

Castellón, Spain, October 21, 2017 – It is accepted science that planet Earth is experiencing major shifts in climate variations and that the carbon footprint of mankind must be reduced. It is time to shift from a carbon-based energy system to a sustainable clean mix of different forms of energy. While there is much talk about this subject, there is not enough action behind the talk. All that is now changed with the launch of Klenergy’s Pylon Network ICO, which is now live. This is clearly an ICO that can change the world for the better. While most ICOs are launched on a hope and a dream, Klenergy is an operating business with much success in the energy sector.

Pylon Network is designed to empower decentralized energy production and communal energy management within the EU electricity market. It is a P2P energy exchange platform/marketplace, powered by blockchain technology. A self-governed economy built around the true value of renewable energy technologies and designed to accelerate sustainable development in the energy sector.

Pylon Network offers the most complete business model built around the resonance between blockchain and distributed, green energy technologies. At the same time, it offers a feasible and realistic implementation plan, within the EU market and with huge potential. During a recent press conference, Gerard Bel, Klenergy CEO, made these comments:

Pylon Network is an ambitious, still feasible project and we are here to demonstrate it within the Spanish energy market. This will be the first implementation of blockchain technology in the energy sector, on such a large scale – up to 800 people will participate in the demonstration pilot phase.

For the funding of the most ambitious demonstration of such a platform – with solar PV/Energy Storage installations and up to 800 grid-connected consumers of GoiEner (energy cooperative from the Basque country in Spain) – the team has announced the launch of an online, tokenized crowdfunding.

The Pylon Token Sale launches on 17th Oct 2017, 15.50 CET and will last approximately 40 days. During this time period, 2,500,000 Pylon Tokens will be offered to the public, and anyone interested is able to buy them using FIAT (USD, EUR), Bitcoin, Ethereum, or Faircoin.

The revolutionary concept behind the Pylon Token sale is that they represent “shares” of the hardware installations. This means that the revenues generated (from sales of electricity) are distributed to the token holders. The Pylon Token has a real value, reflected by a low-risk investment with minimal operational costs and a lifetime of 20+ years.

At the same, Pylon Coin, which is used among users of Pylon Network to perform instantaneous payments for all energy transactions (peer-to-peer), is the most sustainable crypto-currency. Pylon Coin is “mined” whenever excess generation of sustainable energy is not rewarded by the existing energy markets. This is where the real value of Pylon Coin lies, as it is the most sustainable crypto-currency, built around the most valuable resource of our societies: Sustainable Energy.

An interesting video presentation, where the COO of Klenergy, Markos Romanos, explains Pylon Network in front of the judges and crowd of South Summit 17 competition can be viewed here. An in-depth discussion about the project can be viewed in their Whitepaper here.

For complete information, please visit: https://pylon-network.org/

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Media Contact:

Klenergy
Attn: Media Relations
Companyia del Port 11 – 4 B, Benicarló,
Castellón, Spain
+45 2035 3002
markos@klenergy-tech.com

Images courtesy of Pylon Network.