Treon Brings Crypto Revolution To Utility Payments
Treon (TXO) is an Ethereum blockchain-based utility token and e-wallet for paying utility bills using a robust technology in a completely decentralised and secure fashion.
Website : https://www.treon.io/
The utilities sector has had intermittent customer-centric innovations over the years. Disruptive blockchain technology utilised by the TXO e-wallet offers vast opportunities for utility providers to drive cost-efficiency and increase profitability while giving consumers greater control over their usage and wider financial inclusion and convenience. With Treon, we will make your utility bill payments a convenient one-click experience – anytime, anywhere.
Treon (TXO) is focused on providing an exciting value-added service that will simplify the utility management and payment process like never before: consumers will effect their payments instantly using a simple consolidated dashboard.
Moreover, Treon (TXO) is on its way to bring a large number of new users into the crypto space by connecting billions of utility customers to the blockchain. Our vision is to reach a point in the near future where utility consumers around the world use the Treon token (TXO) as their currency of choice and preferred payment tool. We are set to convince utility companies to accept Treon tokens (TXO) from customers because it is faster, more secure, and less costly to operate and use.
Market Potential
According to the latest figures from the GSMA, over 5.0 billion people from around the globe are mobile users. It has become the single most important “life-line” to connect, conduct business, entertain, buy and sell, and pay our way through our daily life.
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.
Opportunities in Telecom
Telecom utilities are more technologically advanced in offering consumers with digital solutions to enhance their experience. Treon will target telecom companies first to be the early adopters of the TXO token and digital tool – per GSMA report that reported an actual $1 Trillion of revenues in 2017-. According to GSMA, 2018 global telecom revenues from consumers are expected to be $1.05 Trillion, out of which $101 Billion are revenues from online channels, i.e., sale of top-up and recharges online.
Telecom operators’ revenues will be reaching $1.1 Trillion in 2019.
Almost 80% of revenues are generated from selling airtime to the 5.1 Billion subscribers, while 20% are revenues from interconnect and roaming services and 20% are coming from serving the Business market. Interconnect and Roaming revenues are based on signed agreements amongst telecom providers to share revenues between themselves for usage of subscribers outside their home networks. This is a ripe market for Treon to deploy its Blockchain smart contracts to automate this huge niche of the telecom sector.
The below table shows the total consumer market revenues of telecom airtime, which has an annual growth of 5% year-over-year. Today 10% of consumer revenues come from online payment channels (through websites or mobile apps), while 90% come from physical traditional payment channels. Online telecom revenues are growing at an increasing rate. Treon is targeting online telecom revenues to penetrate, expand, and capture its fair share. With a reasonable forecast of reaching a market share of up to 1.5% of online telecom airtime revenues, Treon aims to capture $1.68 Billion worth of transaction on its platform by end of 2023.
Interconnect & Roaming:
Additionally, Treon aims to digitise the industry’s interconnect and roaming agreements and migrate them to smart contracts on the Blockchain. The yearly volume of this business-to-business (B2B) interoperability agreements amounted to $200 Billion in 2017, per GSMA. Treon aspires to capture 1.5% market share of these transactions by 2023, which can amount to $420 Million worth of transactions on Treon platform using our TXO token.
Opportunities in Electricity
In 2017, electric utilities generated around $2 Trillion of revenues, out of which $650 Billion came from household consumers (Business to consumer market). This will reach $800 Billion by 2023.Our vision is to capture an increasing share of digitizing payments for household consumption through Treon’s Utilities Wallet and TXO tokens that reach $1.2 Billion of transactions over Treon platform by 2023.
Like telecom utilities, electricity companies sign agreements amongst similar providers to share revenues generated from shared infrastructure and networks. These business-to-business transactions are expected to reach $ 1.87 Trillion by 2023. Treon aims is to reach an increasing share for digitizing electricity interoperability agreements through its blockchain smart contracts with forecast of reaching $2.8 Billion of transactions over Treon platform by 2023.
Okay, you can visit their WEBSITE and WHITEPAPER to get more information. And for those of you who have Social Media, you can visit their social media on FACEBOOK and TWITTER. And for those of you who want to ask something about this Project, you can join their TELEGRAM Group and can also post your questions on their ANN THREAD, Thank you.
Others :
Instagram : https://www.instagram.com/treon_official/
Medium : https://medium.com/@treon.token
Linkedin : https://www.linkedin.com/company/treonofficial/
Youtube : https://www.youtube.com/channel/UCkMRPhFq8sjvdTtGkgTLLEg
Telegram Channel : https://t.me/TreonTXO
My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1687366;sa=summary