The Crypto world has long appeared in the Society, but many or even almost all people do not know about Crypto, Blockchain, ICO Etc.
But now Crypto is
widely known by People from all over the World, and this is very profitable for
all of them especially a Developer. Why
is it so profitable for Developers?
Because Developers can
introduce their Projects via Crypto very quickly compared to other ways.
Well on this occasion I
will introduce one project that is very interesting, cool, and very useful for
the whole community.
Okay, you should check my article this time about
Project Treon.
Treon’s
influence with impact
In comparison of other
cryptocurrency organisations, we are fortunate enough to have utilities as the trusted
party between us and consumers. As consumers are no more required to trust us
to make use of TXO tokens, they will simply need to trust their utility
operators. We are also cooperating with the non-governmental organisations to
empower and promote financial inclusion in the developing countries. As we
firmly believe that our token will grow over time and it will surely strengthen
our reputation with the end users.
Incentivizing
green and renewable energy usage
Green Energy comes from
natural sources such as sunlight, wind, sea tides, and geothermal heat. These
energy resources are renewable, meaning they're naturally replenished. Treon
will provide zero fees for green energy providers to promote and encourage
customers to migrate their usage into clean, renewable energy.
Treon
Payment Protocol
For decades, the
relationship between customers and their utility providers have been cumbersome
and unfriendly where customers were expected to only pay their bills on time or
their service gets suspended. Due to the monopolistic history of most telcos,
electricity, natural gas, and water companies, customer experience and
satisfaction were not on the top of their priorities even after competition was
prevalent. It wasn’t before few years ago when utilities started to implement
tangible customer-focused improvements to their experience journey. However,
these improvements fall short to keep up with the fast advancements of latest
technologies impacting customer experience. To present consumers and utilities
with functional uses of the Blockchain technology, Treon is creating on-chain
and off-chain solution components that work together to provide utilities with
a digital platform to transform billing, payment, and settlement for their
services into the blockchain. At the core of this technology offering is the
Treon Payment Protocol.
The Treon Payment
Protocol (TPP) is flexibly designed to be a protocol architected for utilities
providers and other similar businesses where the customers either receives
bills to settle their outstanding balance post (or after) the consumption of
the service, or top-up/recharge the balance pre (or before) the consumption.
TPP is similar in
concept with many payment protocols already created on the blockchain, however,
the important difference is that because it’s built for this industry, the
lead-time, technical risks and complexities are reduced significantly for
utility companies to join the Treon platform and implement TPP. Treon
encourages outside input and development to improve the protocol and make it
widely used among utility providers which will boost Treon expansion vision.
TPP will come in built-in modules, we encourage the involvement of the
community in its development, especially industry-focused groups. TPP on-chain
architecture constitutes the nucleus of its functionality and it is designed
for flexibility and evolution with the needs of utilities, value-added-services
providers, and development community.
For practicality, speed
to market, and quick adoption reasons the initial version of TPP will be
implemented as a Smart Contracts on Treon’s blockchain that can be accessed
through an SDK and a set of standard APIs. This will allow the team to quickly
and efficiently port utility providers to the Treon ecosystem and achieve the
long-term vision.
Treon
Wallet
Secure, reliable, and
robust wallet to pay bills from one place using the currency of choice. As
described before, customers will receive loyalty points when paying with TXO
tokens, and that’s one of the strongest value adds of Treon. The Treon wallet
is built with the flexibility to allow customers to transfer between fiat and
TXO and other selected cryptocurrencies. Customers will have multiple ways to
top-up the wallet with fiat currencies: credit cards (for banked customers),
telecom recharge cards, over-the-air top-up, direct purchase of TXO through
ecosystem partners (utility companies and their contracted distributors), or
crypto exchanges.
Since the core value
proposition of Treon is convenience, we architected the solution and business
model to enable simple TXO to fiat exchange function using one click. It is an
important risk mitigation against crypto volatility. As we describe the section
on Treon issuance model, we intend to incentivise utilities to maintain
adequate levels of liquidity reserve in TXOs. We will give consumers the
ability to turn TXO tokens into local currency when needed.
Thank you for visiting
if you like my article on the Treon Project. Please give me the comments below,
and for more information on Treon Project. You can visit their media below:
Website : https://www.treon.io/
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