Pylon Network claims to be the first decentralized energy exchange platform powered by renewable energy. Find out more about the platform today in our review.
What Is Pylon Network?
Pylon Network plans to use blockchain technology to create a more sustainable future. The developers saw a crucial problem in the world of renewable energy: the liberalization of energy markets didn’t lead to the creation of a truly competitive market. Inefficient governance and decision making, combined with high lobbying efforts from traditional energy industries, have created an uneven playing field. The end result is that renewable energy infrastructure continues to lag behind.
That’s where Pylon Network sees an opportunity. Pylon Network was built with one goal: to create the first open renewable energy exchange community.
The goal of the community is to provide the energy markets with the signals and financial incentives that current energy policies and governance systems are failing or delaying to provide.
Pylon Network users can exchange green energy, bought directly from the renewable energy producer without the need for third party intermediaries. Transactions are performed with the Pylon coin (PYLNT), which is used to reward sustainable energy production while financially supporting projects built on sustainable technologies.
The PYLNT token sale is ongoing throughout September and October, starting on September 26.
How Does Pylon Network Work?
Pylon Network is a decentralized platform that promotes decentralized energy technologies.
One of the key technologies behind Pylon Network is the developers’ smart meter, called Klenergy Metron. Through the use of Klenergy Metron, it’s possible to reward the production of green energy and connect grid-connected players (producers and consumers) with standalone renewable energy installations.
Pylon Network Features
Klenergy Metron is just one of several key products and services integrated into the network. Here’s the full list of technologies and features behind the platform:
Metron is a blockchain-based, plug and play energy monitoring system. The platform is designed to give users meaningful insights into their energy consumption. At the same time, Metron provides “energy training” to users, teaching them how to become energy efficient and smart about their energy usage. Metrons are used as verification nodes within the Pylon Network, facilitating the direct exchange of energy and payments.
Helios is a CHP3 storage solution developed by the team behind Pylon Network. It’s a storage system that allows for the efficient collection of renewable energy. You can store renewable energy for longer – and cheaper – than other existing technologies. Helios produces hydrogen using an electrolysis reaction without emitting any pollutants. Through this method, the platform can store excess electricity in the form of compressible hydrogen. In layman’s terms, this means you can store energy for months at no added cost.
Pylon Network offers decentralized governance through instant smart contracts. Smart contracts are used to exchange energy payments while also offering easy integration of various energy consumption data. All of this information is in a convenient energy dashboard that can be accessed from your smartphone or web browser.
Green miners constitute the pillar of the reward system in the Pylon Network. They’re the vehicle that adds value to the generation of green energy without adding further burden to the energy demand. Green mining provides incentives in order to prioritize “own-consumption” over consumption for “mining”. The proposed reward system involves ensuring that mining only occurs with electricity that would otherwise go to waste – it doesn’t add to the total energy consumption.
The Pylon Network Token Sale
Pylon Network’s pre-ICO and ICO are taking place from September 25 to October 24, 2017.
The company has pre-mined a total of 3,750,000 PYLNT coins. 750,000 tokens will be available during the pre-ICO, while 2.5 million will be available during the general crowdsale. They’re Ethereum-based tokens.
Each PYLNT is set at a price of 1,52 EUR per token.
The pre-ICO will last for 9 days (September 25 to October 3) while the ICO will last for 21 days (October 4 to October 24).
Bonuses are available during the first 9 days of the token sale, with additional bonuses available for investments over 50,000 EUR (on a sliding scale up to 190,000 EUR, which is the maximum contribution amount).
Who’s Behind Pylon Network?
Pylon Network is led by CEO Gerard Bel, CTO Agustin Roig, COO Markos Romanos, and CIO Eugenio Moliner.
The company is based in Castellon, Spain.
Pylon Network is a decentralized green energy ecosystem that aims to incentivize users to use green energy. That includes energy from renewable sources as well as energy that was otherwise going to waste. The ultimate goal is to not add more energy consumption to the world while still facilitating cryptocurrency mining.
The Pylon Network ICO is taking place throughout September and October. You can learn more about the platform and the PYLNT token sale online today at Pylon-Network.org.