Announcement: Treon Extends its ICO Dates to December 31, Adopts Deflationary Model that Benefits Buyers
Treon (TXO), provider of the world’s first “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, would like to share with our community our decision to extend our ICO dates to December 31, 2018 giving investors more time to join us in this exciting endeavor with bonuses still available on Treon Tokens.
In addition to extending the ICO, we’ve changed our economics model to a deflationary model. Treon will “burn” all reserve tokens, and only sell the remainder of the 429M tokens through the end of the ICO. Any tokens not sold during the ICO, will also be burned.
This protects the interests of existing and future token holders as the demand for tokens increases.
The Treon vision is to create a new paradigm in the way consumers worldwide will pay utilities such as telecom, energy, and water, creating equal access to easy, reliable system of payment for everyone that avoids lengthy waits in line at utility office and serves the needs of the 3.8 billion unbanked mobile users* all over the world (*According to World Bank and GSMA).Close Announcement