Press releases Treon – The First Tokenized Universal Utility Payment Platform Based on The Blockchain is Set to Launch The ICO Pre-Sale on May 21st
Bitcoinist | May 13, 2018 | 15:00
Treon is the new “Utilities Token” that securely and seamlessly enables consumers around the world, including the unbanked, to easily manage and pay for their telecom, energy, and water usage with a click of a button.
Tallinn, Estonia, May 1, 2018, Blockchain Technology and the use of cryptocurrency have made their way into almost every facet of day-to-day life. It was only a matter of time before blockchain technology would be tapped for use in the payment of utility bills. The time has come, and ‘Treon’ is going to introduce a tokenized utility payment platform to the world and its much anticipated ICO Pre-Sale is scheduled for May 21st, 2018. ‘Treon’ is actually creating a new paradigm in the way consumers worldwide will be able to pay for utilities such as telecom, energy, and water.
‘Treon’ takes the form of a user-friendly mobile app and digital wallet that enable consumers to settle their utility bills through one consolidated dashboard using Treon’s TXO tokens. This disruptive technology will make everybody’s life hassle-free, eradicate the need to make costly trips to utility companies or queuing in long lines and avoid all the processing fees when settling utility bills through a bank account. The ‘Treon’ token is a definite solution for the unbanked that constitutes a considerable percentage of 76% of the total number of mobile users globally. From now on, they will join the rest of society and have access to the same digital system to pay their utility bills.
Treon comes also with great benefits to the service providers, as the founders explained:
Our business model is based on multiple revenue streams coming from different utility services, mainly from distribution margins, transaction fees and platform usage fees. Treon (TXO) will realize healthy margins while delivering significant savings to utility providers. Treon gives back rewards to customers when using Treon (TXO) tokens to make adoption and usage much more appealing. Additionally, such savings will be the catalyst for utility companies to move their cross-trade contracts to the blockchain in order to cost-effectively manage their business dealings.
‘Treon’ is the harvest of a long journey of R&D coupled with a total of five decades of experience and hard work in the global utilities sector and an effective collaboration amongst veterans in various disciplines who worked hard to create a solid and appealing ICO.
The two masterminds behind ‘Treon’ (TXO) are Hesham El Metainy (Founder-Strategy) and Khaled Khorshid (Founder-Technology). Hesham is an achieved Executive with over 25 years of experience with leading global organizations in Information & Communication Technology (ICT). He led the design and implementation of commercial operations and reshaped corporate strategies across the Middle East and Africa. On the other hand, Khaled is a seasoned utilities executive with 20 years of field experience in North America, Africa, and Asia. He was an active member in the founding core teams of multiple telecom and green-energy startups, launches, and fast growth in African and Asian markets.
Khaled Khorshid, Founder-Technology, has been leading technology projects for disrupting old and creating new business models for 25 years. His most recent was a Silicon Valley startup revolutionizing delivery, billing, and payment of solar-powered micro electricity grids in Africa and Asia. He also held high profile executive roles within large energy and telecom utilities in North America, Africa and Asia. His last of such roles was heading the 5th largest mobile telecom operator in Africa serving 20 million customers generating $1.8 Billion per year.
The Treon ICO Pre-Sale has garnered much attention throughout the crypto world. Both private and institutional investors have expressed their growing interest in this much needed secure and easy method of utility management and payment. The ICO Pre-Sale is scheduled to launch on May 21, 2018, and early adopters will be able to take advantage of great discounts. A complete discussion is available for viewing in their Whitepaper here.
For more information, please visit: https://www.treon.io/
Media Contact:
TreonX PLC
Attn: Media Relations
Tallinn, Estonia
+372-8840998
[email protected]
Images courtesy of Treon
