Pylon Eco Token (PETN)
A Utility Token with the benefit of Security Token and CryptoCurrency.
Deflationary Token with Staking Incentives that can be used in plenty of ecosystems.
Purpose of this document:
To explain the Pylon Eco Token project and its ecosystem.
Target audience:
A general audience is familiar with blockchain, ICO and looking to invest in the Pylon Eco Token project.
If you are new to crypto/blockchain, please go through this textbook: Bitcoin and Cryptocurrency Technologies.
Please ask questions on Facebook and Telegram groups so that we can bring improvements to the project.
Facebook Group: https://fb.com/groups/pylonecosys
Telegram Group: https://t.me/pylonecosys
What is white paper?
The whitepaper is a blueprint of the project. It plays a crucial role in the ICO’s conception, as it’s both a marketing tool and a means to discuss and forecast the details of the project.
What is an ICO?
ICOs revolutionized the concept of public funding and crowd sales. In simple terms, an ICO (Initial Coin Offering) is when a company sells its assets (i.e., tokens) for fiat currencies or for cryptocurrencies like Ethereum (ETH), Bitcoin (BTC), or USDT to help them publicly fund its work on a project. By extension, ICO can give investors access to the product or project they bring to the market using Tokens.
In simple words, it is the widely used method of raising funds for a crypto venture which startups mostly use. It is entirely different than doing through conventional financial organizations such as banks. It is fast and can reach global markets like using the Internet.
Web: www.pylontoken.com
E-mail: mail2pylon@gmail.com
Introduction:
Hereinafter referred to as ‘company’ or ‘organization,’ we are a group of experts who believe in the blockchain revolution and see its future growth. We have teamed up to offer better crypto tokens that can be used daily and bring future value through its ecosystem. Our company invests pooled valued crypto resources from clients. It puts those possessions to work through different portfolios, including cryptos, stocks, forex, real estate, e-commerce, travel, and gaming (recreation) industries. Moreover, those assets are located in other parts of the world. So, this is a unique opportunity to become a token holder of the Global Portfolio, which operates in many sectors of the economy.
For prospective token holders, the company opens a unique opportunity to benefit through the token. With the expertise of our team members, token holders receive solid incentives for a more extended period. In addition, future token holders will get staking incentives from the profit generation through the portfolio. We use a simple, direct, and innovative way using a blockchain-based technology asset known as ‘Pylon Eco Token.’
Pylon Eco Token is a Utility Token, which gives benefits of Security Token and CryptoCurrency through its incentive schemes and plenty of ecosystems that can be used starting from the day of owning the token. With the increase of crypto usage, which ends the country's borders and government control over our finances, we would like to offer you our token that can be used for the daily purchase of products or services worldwide.
Goals:
Technical Details:
Token Name | Pylon Eco Token |
Token Type | Utility Token |
Token Protocol | Tron (TRC20) |
Maximum Supply | 99 Million |
Why TRC20 (Tron) instead of ERC20 (Ethereum)?
With the growing demand for ETH and smart contract projects and DeFi launched in its platform, the network transaction fee increases up to 25 USD per transaction. Therefore, if we use the ERC20 ETH-based protocol, then practically, it isn't applicable to use our token for smaller value transactions. This is the main reason behind the use of the TRC20 (Tron) protocol for our project.
Issuing of Token:
The company offers tokens in different phases at different values till the token assigned in the ICO phase completes. We are using USDT to swap between Pylon Eco Token with crypto values. In addition, we will carry out several marketing campaigns on social media to reach out to interested parties worldwide.
Token Distribution:
Company Holdings will have 19 Million tokens, out of which 10 Million will be reserved, and others will be distributed as referral incentives and the project's marketing. Stakeholder ICO will hold 40 Million. The rest of the ICO phase will be allocated 10 Million in four different ICO phases (private, pre, general, post-ICO) of 40 Million to make a total token distribution of 99 Million.
ICO Opening:
Starting from 1 day for the Stakeholder ICO phase. Each new ICO phase duration will be defined as the number of times the token price increases to the earlier ICO phase. This formula allows more owners to own the token. Still, once the token per phase is complete for distribution, the next step of ICO will start immediately.
Token Swapping:
Starting from 0.005 to 0.6 USDT value, the company will swap/exchange all of its tokens resulting in an average value of 0.109 USDT for 99 Million tokens.
Locking Period:
Starting from the 213 days locking period for the Stakeholder ICO phase, the locking period for the next ICO phase will be calculated by deducing the current opening days of the ICO phase from the earlier locking period days. As a result, unlocking of the token will start immediately after all ICO phases are completed.
Unlocking Procedure:
Daily 0.03% unlocking of the token after the locking period in days will be finished. More % up to 4 times of token release rule is applicable for those who bring new token holders to the ecosystem. Unlocking tokens in smaller % helps to control the supply in the market. The estimated release of tokens per day is around 24-96 thousand per day with max. 25% per year, which can be changed by voting in the future as per the demands.
Token Unit in ICO Phases:
Starting from 5 Million, 40 thousand, 10 thousand, 2.5 thousand, and 625 tokens are considered as 1 unit for stakeholder, private, pre, general, and post ICO phases respectively. One unit token swap per user is allowed per ICO phase, which also creates space to bring more token owners to participate in the process.
Referral Incentives:
Starting from 5%, 2.5%, 1.25%, 0.75%, 0.5% resulting in a total of 10% referral incentives will be awarded for five levels in tokens respectively. It is provided if you own a token in the same ICO phases or you refer at least five members in any ICO phase. Those incentives received in tokens are unlocked. They can be used fully or partially for transferring to other wallets or in the ecosystem platforms.
Use of Crypto Values:
USDT crypto value raised will be used as per the table below, which intends to bring estimated profits annually. The estimated profits and real profits may drastically vary in actual scenarios in the future. The company expects an average of 10% plus profit generation annually from the above portfolio.
Real Estate:
The highest value allocation in the portfolio was establishing more strength to the project values through the strong asset value class and referred to as non-liquid and non-volatile compared to others. Therefore, it will mostly bring value growth over some time.
Online Trade:
Cumulatively this trading category weights the second-highest value allocation, with independently distributed as second-biggest by portfolio. Therefore, this is the primary source of income generation regularly by trading.
Forex, with a daily trading volume of around $6 Trillion plus, which is open 24 hours a day and 5 days a week, offers lower transaction fees, high liquidity, and leverage, provides a great opportunity to trade.
Crypto with a daily trading volume of around $2 Trillion plus, which is open 24 hours a day and 7 days a week, offers continuous trading with great volatile nature with margin, spot, and futures markets.
Stocks with a daily trading volume of around $ 1 Trillion plus, which is open 24 hours a day and 5 days a week, offers spot and margin can be traded online provides options to book profits.
Crypto Mining:
This portfolio has the third-highest value allocation. Mining serves two purposes: To create new coins and to maintain a log of all transactions of existing digital tokens. Miners are rewarded to verify transactions in blockchain networks. Different hardware setups are required to meet the requirement to mine different crypto. Some need high electricity, computing power, disk storage, or specific hardware to calculate complex calculations. It is worth investing in crypto mining.
Ecosystem Platforms:
The company sees the future and market value to the E-commerce, Travel, Auction, Gaming, and Payment Industry, growing their exposure daily. These diverse online businesses and ecosystems provide significant leverage to use our tokens and make a profit at the same time.
Roadmap:
Our team is working hard to complete all activities on or before the listed tentative schedules as below. However, based on the complexity of work, completion of listed activities may take a longer time.
JULY | Channelize the seed value from Stakeholder ICO | AUGUST | Execute ICO-Phase: Pre ICO for Marketers |
Crypto Company Formation/Legalization in Georgia | Company Formation/Legalization in the USA | ||
Industry Experts to get involved in respective sectors | Ecosystem for: Travel (Hotels/Flights) | ||
Marketing Campaign to reach bigger audiences | Complete Travel industry website to launch | ||
Execute ICO-Phase: Private ICO for Leaders | Partnership with Hospitality chains globally | ||
Ecosystem for: Mobile Topup & Gift Cards | Partnership with Airlines Ticketing globally | ||
Implementation of smart contracts | New Alliances, collaboration, and team expansion | ||
List token in CoinMarketCap, CoinsWatch, and so on | Integrations of Hotels rooms and Flights Tickets | ||
Add Token to TrustWallet and other wallet providers | Marketing Campaign to reach bigger audiences | ||
Publish progress reports to token holders | Publish progress reports to token holders | ||
SEPTEMBER | Execute ICO-Phase: General ICO for Investors | OCTOBER | Execute ICO-Phase: General ICO for Investors |
Obtain remittance license or partnership | Obtain regulated crypto license in Europe | ||
Ecosystem for: E-commerce | Ecosystem for: Auction and Gaming | ||
E-commerce website to launch | Auction website to launch | ||
Travel Mobile Apps to launch in Android | Gaming website to launch | ||
Travel Mobile Apps to launch in iOS | Workout to bring eCommerce to a new country | ||
Implementation of community votes | E-commerce Mobile Apps to be launched | ||
Participation in the next Blockchain meetups | E-commerce Mobile Apps to be launched | ||
Marketing Campaign to reach more audiences | Marketing Campaign to reach bigger audiences | ||
Publish progress reports to token holders | Publish progress reports for token holders | ||
NOVEMBER | Execute ICO-Phase: Post ICO for the Interested Public | DECEMBER | ICO-Phase: Post ICO for the Interested Public |
Ecosystem for: Crypto Wallet and Exchange | Ecosystem for: Payments & Cards | ||
Crypto Wallet website to launch | Partner with digital currency/card provider | ||
Exchange website to launch | Token listed in other exchanges | ||
Auction Mobile Apps to be launched in Android | Crypto Wallet Mobile Apps to be launched | ||
Auction Mobile Apps to be launched in iOS | Exchange Mobile Apps to be launched | ||
Gaming Mobile Apps to be launched in Android | Plan for crypto values allocations | ||
Gaming Mobile Apps to be launched in iOS | Implementation of the loans system | ||
Marketing Campaign to reach bigger audiences | Marketing Campaign to reach bigger audiences | ||
Publish progress reports for token holders | Publish progress reports for token holders |
Token Holder Conditions:
To bring value to Pylon Eco Token, here are carefully drafted rules to be followed.
Some Considerations:
Minimum Token Per wallet:
The minimum token per wallet is 99. Still, as the new active wallets grow, the minimum token per wallet will be decreased and is calculated by this formula. If there are 100,000 wallets created minimum balance will be 9.9.
Max. Supply of Token / (Total no. of wallet * 100)
99,000,000 / (10,000 * 100) = 99 (assuming total wallets count 10,000)
99,000,000 / (50,000 * 100) = 19.8 (assuming total wallets count 50,000)
99,000,000 / (100,000 * 100) = 9.9 (assuming total wallets count 100,000)
Referral Incentives:
There are five levels of referral incentives, but incentives are considered only from the same level of the ICO phase. If you own the private ICO token, you will not be awarded incentives on referring to hold in other ICO phases unless you refer to four other people to the ecosystem. Referral incentives are not applicable for stakeholder ICO holders.
Referral Level | Level 1 | Level 2 | Level 3 | Level 4 | Level 5 |
Incentives | 5% | 2.50% | 1.25% | 0.75% | 0.50% |
Token Calculation Summary:
ICO Phases | USDT/Token | Open Days | Locking Days | Tokens | USDT/Unit | Holder | Status |
Stakeholder ICO | 0.005 | 1 | 213 | 5000000 | 25000 | 8 | completed |
Private ICO | 0.04 | 8 | 205 | 40000 | 1600 | 250 | pre-booking |
Pre ICO | 0.12 | 24 | 189 | 10000 | 1200 | 1000 | N/A |
General ICO | 0.3 | 60 | 153 | 2500 | 750 | 4000 | N/A |
Post ICO | 0.6 | 120 | 93 | 625 | 375 | 16000 | N/A |
Token Locking Days = 213 - Earlier ICO Phase Open days (213 is the sum of total ICO opening days).
Note: If one ICO phase completes, the next ICO phase will start immediately.
Other than Post ICO, all ICO phase holders must bring four next people to the system till the next ICO phase. If you fail, your token will convert to the next ICO phase token, and the difference balance will be refunded, and so on. Thus, at the end of all ICO phases, free-up ICO token units will be distributed to deserving candidates. We will create a rule to select candidates through the voting system. This way, later joining members can get early-stage benefit if they really deserve it by bringing value to the project.
Maximize Unlocking of Token:
There is a general % of unlocking for all tokens. Still, if you refer a minimum of 4 new members in each phase, your unlocking % will be double. Or you need to refer to a total of 50 and 100 new members with the active holder of one unit token, and your unlocking % will be three and four times, respectively. Maximizing the unlocking of tokens is not applicable for stakeholder ICO holders.
Executive Team:
The company’s team derives from professionals passionate about blockchain technology, trading, and portfolio management with a demonstrated history of working in different industries (financial services, trading, real estate, travel, software development, and others) in Asia, Europe, and America.
We believe that blockchain technology, significantly DeFi, will revolutionize the digital economy while making a considerable impact over the traditional economy, which still faces privacy, transparency, and efficiency. So, our company will continue developing and investing in technological projects to improve society through better technical resources.
Here is a list of our team members.
Lutz Flechsig (Forex, Crypto & Stocks Trader) [Netherlands]
Lutz is an experienced trader with more than thirty years of experience in trading commodities, forex, stocks, crypto in delivery, non-delivery, leverage, margins, CFD, spot, and futures markets.
Lasha Martashvili (Financial Analyst) [Georgia]
Lasha has fifteen years of experience in the financial industry and has worked in asset management, trading, portfolio, and financial market analysis in many investment management companies in Europe.
Shishir Pokharel (Information Technology) [USA]
Shishir is a software engineer. He holds more than a decade of experience in system administration and project architecture. Presently, He is working in audio/video (AV) streaming technology to bring it into the blockchain.
Tatiana Kvekveskiri (Real Estate) [Georgia]
Tatiana has ten years of diverse working experience from banks, forex brokers to real estate brokers and developers. Recently she has gained much experience in the real estate sector.
Mariami Kadagishvili (Legal Advisor) [Georgia]
She has extensive legal, regulatory, and banking experience. She served as a legal advisor in other blockchain projects. She loves to be our legal guardian in the project to make sure it runs perfectly.
Ashok Gautam (Blockchain Consultant) [Georgia]
Ashok is a blockchain expert with extensive knowledge of servers and security. He has served as system admin in Internet Service Provider, IT Manager in Bank, CEO in Fintech and Blockchain company.
Website and Social Media:
Below are our official websites and their ecosystem for the project.
S.N | Domains | Website Serving | Expected On or Before | Phases |
1 | Token Project | June, 2021 | Phase 0 | |
2 | Mobile Topup & Gift Cards | July, 2021 | Phase 1 | |
3 | Travel (Hotels/Flights) | August, 2021 | Phase 2 | |
4 | E-commerce | September, 2021 | Phase 3 | |
5 | Auction | October, 2021 | Phase 4 | |
6 | Gaming | October, 2021 | Phase 4 | |
7 | Crypto Wallet | November, 2021 | Phase 5 | |
8 | Exchange (Crypto/Forex) | November, 2021 | Phase 5 | |
9 | Payments & Cards | December, 2021 | Phase 6 |
Note: We may have other domains, but those domains must redirect to the final website to one of our above-listed domains. We do not have any other websites. We take no responsibility for others claiming those websites are pylon eco token projects. We believe in completing all our project activities before or on time.
Social Media and Support:
Below is our official social media where you can reach us for projects and ecosystem-related queries.
Social Media:
Telegram: https://t.me/pylonecosystem
Twitter: https://twitter.com/pylonecosystem
Weibo: https://www.weibo.com/pylonecosystem
Facebook: https://www.facebook.com/pylonecosystem
Instagram: https://www.instagram.com/pylonecosystem
LinkedIn: https://www.linkedin.com/company/pylonecosystem
Support:
We will offer a wide range of options to reach us through Telegram, Viber, Whatsapp, Skype, Wechat, LiveChat, and Support Tickets.
Disclaimer:
Participation in any ICO is a high-risk activity. There can be no assurance that token holders will receive a payback of their crypto value or any positive returns on their owning of tokens. Therefore, before holding the tokens, prospective token owners should carefully consider all the risks they may face when obtaining the tokens. In addition, prospective token holders should consider carefully whether owning the tokens is suitable for them, considering the information herein along with their personal legal, and financial circumstances.
Prospective token owners are informed regarding the lack of possibility to take any legal action against the company, its executive team members, any referral/up line member or any token holders in the event of the project's failure or non-performance, and the event of a decline or even total loss of value of Pylon Eco Token.
During the ICO and in the future, the company or any members of the executive team can not be held accountable for any of the following:
Risk Warning:
Crypto, Stocks, Commodities, Foreign Exchange (FOREX), Contract for Difference (CFD) trading on leverage, margin involves high levels of risk. It may not be suitable for all investors & traders. We advise you to carefully consider whether this token is appropriate for you, as the project intends to generate profits through various online trading. You should be aware of all the risks of owning a token and seek advice from your financial advisor if you have any doubts. We do not advise holding or participate in this project from the counties where crypto is not legal. You may use it at your own risk.
Legal:
The use of crypto is legal in Georgia. As of now, the crypto market is not being regulated by the National Bank of Georgia (NBG). As per our legal advisor, The ICO is completely excluded from the NBG regulation if not using any fiat currency during the process. In addition, the company issuing ICO is not holding any bank accounts.
Note: Please be aware of phishing sites and always make sure you are visiting the official website of pylon ecosystem token via www.pylontoken.com
Definitions and Technical Terms:
This whitepaper aims to provide detailed information on the project. Hence we list out all the technical terms which are used in the document.
Whitepaper - Pylon Eco Token | Published on 2021-Jun-01
Page: /12