The decentralized platform for P2P power exchange, Pylon Network officially opened its Pre Initial Currency Offer (ICO) this Monday, September 25.
Pylon uses blockchain technology and puts it at the service of the renewable and non-polluting energy industry, and the goal of its ICO is to give an important boost to the project, which is offered as an important solution to the problems of this booming economic sector .
Any user who is interested in investing in the ICO Pylon Network must access the web portal and follow the instructions therein. To participate you can use cryptocenters such as ether or bitcoin and even fiduciary coins, specifically euros and dollars. The coin will be released through Ethereum, using its ERC-20 protocol for the creation of Pylon Coin.
The sale will offer bonuses for the first 9 days and also according to the amount of the investment, and investors will be able to access a discount of up to 58% depending on the amount invested and the early of their purchase of tokens. The pre-sale will close on October 3 and then ICO will be extended from 4 to 24 October, or before this date if it is the sale of 2.500 billion tokens for financing the project, out of a total of 3,750 .000 tokens PYLNT, with a value of just over 5.3 million dollars.
Pylon Network seeks to create the first open renewable energy exchange community to provide the financial incentives that current energy policies and governance systems are putting aside. Pylon users can exchange green energy, purchased directly from producers without the need for intermediaries throughout the process. The token will be used to reward sustainable energy production and will also support financially sustainable technology projects.
At the moment it counts on several tools like METRON, the only plug-in that, based on the technology blockchain, allows the monitoring of the energy production of the associates, in the platform they are used like verification nodes for the direct exchange of energy and payments; or Helios, a hydrogen storage solution CHP3 that takes advantage of the competitive advantages of the most sustainable and most accessible fuel in the world, producing hydrogen thanks to the electrolysis reaction, without emitting any pollutant. It also allows to store excess electricity in the form of compressible hydrogen, which makes it a unique solution for seasonal storage applications.
The Pylon Network team has CEO Gerard Bel, specialist in Industrial automation and Electrical Engineering; Agustín Roig, Industrial engineer and product designer; Markos Romanos, Engineer in Sustainable Energy and Environment, among other specialists and enthusiasts of blockchain technology and renewable energy.