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:

• Bring Crypto into daily life use
• Deliver benefits of Forex, Crypto, Stocks & Real Estate
• Generate Income through Diversify Portfolios and Ecosystem
• Create Ecosystem of E-commerce, Travel, Gaming, Auction  & Payments

Technical Details:

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.

Token Holder Conditions:

To bring value to Pylon Eco Token, here are carefully drafted rules to be followed.

• Pylon company will be registered and operated from Georgia for token distribution.
• As per regulatory requirements, shareholders of the company will be from the executive team.
• In the future executive team members can be reformed through the voting process.
• Executive team members will closely work with Angel Investors, who hold 40% tokens.
• The company will create subsidiary companies as required to perform various activities.
• Crypto Values raised from swapping Pylon Eco Token will be used as described above.
• A certain % of Net Profits made from various activities will donate to the cause via voting.
• Net Profits made from various activities using the Crypto Values will be organized as per rule.
• Net Profits generated from real estate will reinvest to keep project value growth in real.
• Net Profits generated from Online trading of Forex, Crypto, and Stocks is used as an incentive.
• Fifty percent of the net profit generated from the ecosystem projects will be burnt annually.
• The company offers buyback tokens at the same price after deducting referral commissions.
• Refund applicable only to ICO holders who have not consumed any benefits using the token.
• Tokens listed in exchange are beyond company capacity, Token holders have the right not to list.
• All Token holders have an equal right to vote for any upcoming decision level policies.
• Newly created wallets within 30 days are not allowed to participate in the voting process.
• Wallets of more than 10,000 Tokens are being monitored to create transparency for holders.
• Minimum Tokens to be maintained and used once to keep the wallet active every 30 days.
• Inactive wallets will burn 10% of the token every 30 days as a maintenance fee.
• Staking tokens/wallets with a company are not considered inactive and may receive incentives.
• Geographical diversification of the projects implemented by one project per county rule.
• No KYC is required to own/hold a token; it is entirely anonymous as we do not use fiat currency.
• Purchase limits are set to one unit token per ICO phase to bring more users to the ecosystem.
• All unsold tokens will be added to company reserves wallets and will be used as required.
• The company offers referral programs and incentives are paid in USDT. It can be withdrawn anytime.
• Distributed tokens have locking periods and can be used in our token-supporting ecosystems.
• Unlocking of tokens will start after the end of the locking period and are free from the company.
• Up to 50% of its original exchanged value can be taken in loan one time as an emergency request.
• The loan taken must be paid back within 30 days at the rate of 2% or a penalty of 20% applicable.
• The loan can be taken before listing in exchanges and subject to the availability of liquidity reserves.
• Token listing fee of 10% in the token will be charged one time when listing a token in exchange.
• Reserved tokens will be traded above one USDT value to create a buyback token Value.
• Any set of rules not defined by the company will be determined by voting through token holders.
• Members referring to four new members in each ICO phase will have double unlocking % of tokens.
• Members referring to 50 and 100 people will have 3 and 4 times faster unlocking of their tokens.
• Other than Post ICO token holders, ICO holders must refer other four people to the ecosystem.
• On not referring four members, their token will convert to the next phase ICO and so on gradually.
• If the token distribution is not successful, we reserve the right to refund and close the project.

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.

Token Calculation Summary:

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.

Below are our official websites and their ecosystem for the project.

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:

• Use of the service not in accordance with applicable terms.
• Error, failure, malicious activity, or infringement of this document by the user, third party, or third party controlled service.
• All direct or indirect damages that may occur during the operation: cryptocurrency losses, financial gains or losses, or other damages of any kind.
• Loss of control for any reason (loss, hacking, unwanted disclosure, or technical failure) at the request of public authorities, judicial authorities, or a third party.
• Temporary or permanent suspension of the service for whatever reason, especially at the request of public authorities, judicial authorities, or a third party.
• Computer failure resulting in loss of data, including the event of percussion.
• Professional activity of users.

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.

• Blockchain - is a system of recording information in a way that makes it impossible to alter.
• TRC20 (Tron) - is a widely used scalable blockchain protocol used for smart contracts.
• Pylon Eco Token - is a digital code created by this project to be used as a Utility Token.
• Utility Token - is a digital code that offers a service or product from the creator.
• Security Token - is a digital code representing investments in the project as a co-owner.
• Cryptocurrency - is a digital code representing the value and not controlled by a central bank.
• Portfolio - is a range of investments held by this token project.
• Staking - is an activity where a token is locked to meet criteria, expecting to receive incentives.
• Inactive Tokens - is a token that is not transacted other than staking with a company.
• Inactive Wallets - is a wallet holding less than 100 tokens in the last 30 days.
• Locking Period - is before a token listed to exchange and independent from company control.
• Token Holder - is any person or a legal entity that owns the Pylon Eco Token.
• ICO - represents Initial Coin Offering, a type of funding using cryptocurrencies, involves high risk.
• Stakeholder ICO - is a phase of ICO, who backs the project based on ideas.
• Private ICO - is a phase of ICO, who wants to be early adopters of the project.
• Pre ICO -is a phase of ICO for crypto enthusiastic and interested in the project.
• General ICO - is a phase of ICO for crypto favoring people interested in the project.
• Post ICO - is a phase of ICO for the general public before the token gets listed in exchanges.
• Forex Trading - is trading(buy/sell) of Foreign Currencies online around the world.
• Crypto Trading - is a trading(buy/sell) of any form of crypto instruments online.
• Stock Trading - is the act of buying and selling the company stocks through an exchange.
• Real Estate - is a form of assets mainly including land/house/apartments/commercial buildings.
• E-commerce - is a platform where you can buy/sell products/services online.
• Travel Industry - is a combination of all necessary services which can be used while traveling.
• Gaming Industry - is a combination of different types of games that can be played online for free/paid.
• Payment System - is a combination of the process involved in the start to the end of any transaction.
• Operations of Project - is an activity and process carried out to make the project successful.
• Liquidity Reserve - is a fund that is kept in reserve for emergency use for the company.
• KYC - is the process of Knowing Your Client's details who do business with you.
• USDT - is a stable crypto coin backed by USD fiat currency, which gives fiat values in crypto.
• Project - is a process and activity carried to fulfill the goals of this token.
• Refund - is returning back the same value deducting the referral incentives and used benefits.
• Refer - is to bring a new token holder and hold at least one unit token in any ICO phase.
• CFD - it refers to a contract for difference, usually seen in commodities trading.
• Leverage - is any technique involving using debt (loan money) to purchase an asset.
• Margin - is the money borrowed from a brokerage firm to purchase an investment.
• Spot - is a market in which financial instruments are traded for immediate delivery.
• Futures - is a market in which financial instruments are traded for a specified future date.