White Paper
September 2021, v.2.2
Summary

It is a Decentralised Finance (DeFi) based Governance Token, with the benefit of Utility Token, Security Token & CryptoCurrency. It is Deflationary, also provides Staking Reward. We are the first in the Crypto Industry to offer a Buyback Guarantee of all ICO Tokens. It is used in plenty of our Open-source ecosystem projects in Daily life. Through the different ecosystem projects, we can bring the mass adoption of crypto globally.

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.

We have plenty of ecosystems that can bring together products and services which we are using in our daily life globally.

From Mobile Topup & Gift Cards, Travel (Hotels/Flights) booking, E-commerce, Auction, Gaming, Crypto wallet & Exchange and Payments & Cards solution. Once the projects are operational, we plan to bring this to the Open-source developer community, while we remain as maintainers of the project.

These diverse online businesses and open source ecosystems provide significant leverage to use our tokens and make a profit at the same time.

We will distribute 9 million tokens as referral incentives, airdrop, marketing and promotions of the projects. Yearly, 1 million tokens are scheduled for the giveaway to the community for the next 4 years, and 5 million tokens are arranged to contribute to Staking Rewards Incentives.

The company will reserve 10 million tokens as a liquidity reserve. In the stakeholder ICO phase, we released 40 million tokens to invest in the idea of the project. Later, we managed to distribute 10 million tokens during the Private ICO phase concerning our whitepaper. In the Pre ICO phase, we envisage distributing the next 10 million tokens referencing the partial development of the projects. It is planned to divest the remaining 20 million tokens via the Crypto Exchange upon completing some of our ecosystem projects. The 20 million tokens are further scheduled to divest equally 5 million yearly to maintain the circulating supply. Until we distribute our 99 million tokens (that is equal to the total supply of the tokens for the project), we will already be down to 98 million total supply due to the burning of tokens.

Per transaction fee, open-source developer community funds, staking incentive rewards funds, burning of tokens and many more to be determined by token holders through the voting.

The ICO token Release mechanism is 25% linear every year (leaving almost no space for pump and dump). The release starts after the first exchange listing. After constructive feedback from the token holders, we arranged to lower the token release % for the Stakeholder ICO which was distributed to Founders from 25% to 10%, and Co-Founders from 25% to 15% respectively. We also released a pre-sale with the conditional yearly unlocking of tokens for investment purposes to bring more users to the Ecosystem.

Get your Token to decide the future of the project !!!

For more info, visit our website at www.pylontoken.com.

The Problem

There are thousands of different types of tokens in the blockchain. Out of those few, hundreds are listed on www.coinmarketcap.com. In 2016/2017, many crypto projects came into the market as an initial coin offering (ICO). People bought the tokens of the projects expecting a bright future for the project and most of them are not able to keep the hope of the users. If you see the tokens that came into existence, around 98% failed. The majority of the ICO investors lost their investments.

In 2020/2021 after the Initial Exchange Offering (IEO) came into the market, it seems to be somehow a better offering than the ICO that was in 2016/2017. Again a new wave of early investment in the project started globally. None of those projects guarantee the investments on the IEO/ICO. Again there is a risk to own those tokens like it became the risk in the past.

Seeing the growing demand for Decentralised Finance (DeFi) which will be autonomous in nature still does not help the growth of the project. As it remains the same which will never change overtime to give the new existing look and feel to the project, hence again DeFi projects seem to be boring.

The market is still looking at the blockchain project, which is decentralized finance (DeFi) and can keep changing over time and bring value to the project. This is the only way to keep value growing to the project in the future. We see the governance token started coming into the market but the problem still exists by having a very high number of tokens to be released or minted over time which again does not fulfill the investor's expectations and market demand by creating the value to the project.

Here we come up with an innovative concept that will address all the problems to the existing crypto-based projects and bring a future-oriented value growth. We decided to issue a token that possesses several features:

  • It is a governance token.
  • Has the qualities of a utility token.
  • Posses security token characteristics.
  • It could be used as a cryptocurrency.
  • Backed by a diversified asset portfolio.
  • Buyback guarantee of all ICO tokens.
  • Deflationary to bring value growth in future.
  • To the people, by the people, for the people.
The Solution

Completely comprehending the depth and the nature of the problem that crypto space faces nowadays, our team commenced actions aimed at bringing a durable solution for the crypto world. By the launching of Pylon Eco Token (PETN), which is described as below.

Innovative features of Token (Cumulatively in the Project):

  • 99 Million total supply, which will be around 98 Million before the ICO phase completes.
  • DeFi Governance Token, provides the benefit of Utility Token, Security Token & CryptoCurrency.
  • Deflationary Token by Burning in every transaction.
  • ICO Token are all Buyback Guarantee.
  • Guarantee Portfolio backs all the tokens.
  • Cross-chain availability of Token in BSC (BEP20) and Ethereum (ERC20).
  • Having the most extensive ecosystem used in daily life to bring mass crypto adoption.
  • Handover ecosystem to the open-source developer community.
  • Open-source Community developer fund secured from every transaction.
  • Staking Reward Incentive fund secured from every transaction.
  • 10% token spend on referral incentive, marketing and Airdrop from the total supply.


DeFi Governance voting will determine:

  • Transaction fee %.
  • Burning of Tokens %.
  • Open Source projects community development fund %.
  • Staking Incentive Reward fund %.
  • Selection of projects to Invest.
  • Amount to allocate to invest in the selected project.
  • Stop the process of Burning tokens when they reach a particular total supply.
  • Minimum balance in the wallet.
  • Daily/Yearly unlocking % of the token.
The Market

Even though cryptocurrency has made a significant impact on the world economy since its presentation to the public, and taking into account that this topic had wide coverage in mainstream media, announcing large purchases of cryptocurrency by hedge funds and traditional investment pools, cryptocurrencies are not rapidly becoming embraced by merchants, financial institutions, and consumers alike. Moreover, in general, we could say that crypto has still not been adopted by the majority of society.

There are many reasons for that and among them is the unidirectional character of all ICO projects that have been designed and implemented so far. The majority of them cover only one topic that hinders the entire process concerning the wide application and mass adoption of cryptos in the world.

Therefore, we decided to design a product that will address the problem mentioned above. As a result, our team came up with Pylon Eco Token, which is multimodal and provides the following benefits:

  • It is a governance token
  • It also has features of utility and security token
  • It could be used as a cryptocurrency
  • Deflationary in nature to bring future value
  • Supports developer community funds
  • Supports staking incentive reward funds 

We envisage using Pylon Eco Token in plenty of ecosystems that are given below. Due to this fact, our team managed to create a well-balanced and low-risk portfolio that will serve as a financial guarantor for the given token. The Pylon Eco Token team believes that as a result of their activities it will be possible to introduce a universal token to the public that could be used daily in purchasing products and services on a global scale thus affecting the mass application of crypto in the world.

Our experts estimate that the daily turnover of the Pylon Eco Token could reach up to 1 billion US dollars when it is used globally.

Token Details

Forty million is distributed in the stakeholder ICO phase to the founder member of the project who invests in the verbal idea of the project. The token is distributed to 8 users raising 25,000 BUSD from each, resulting in a 200,000 BUSD total contributed in this phase. This phase involves high risk and high gain.

Ten million tokens are distributed in the Private ICO phase to the early adopter and believer to the project based on the whitepaper. The token is distributed to 250 users raising 1,600 BUSD from each, resulting in a 400,000 BUSD total contributed in this phase. Also, in this phase, users are required to invite four people to the same or next phase to the ecosystem.

Ten million tokens are distributed in the Pre ICO phase to the early investor to the project based on the ongoing development of the ecosystem projects. In addition, the token is distributed to 1000 users raising 1,200 BUSD from each, resulting in a 1,200,000 BUSD total contributed in this phase.

Twenty million tokens will be distributed in the exchange based on the completion of a few ecosystem projects that can be used in our daily life.

Ten million will be issued to the company as a liquidity reserve. In addition, nine million tokens are distributed as referral incentives, airdrop, and marketing of the projects.

All the ICO tokens are anytime buyback guarantees on the original price the token holders have purchased. The guarantee portfolio backs all the ICO tokens.

25% of the token will be released every year, leaving almost no space for pump and dump. The release starts after the first exchange listing. Around 40,000 Tokens per day will come into the circulating supply.

Technical Details:
Token Name: Pylon Eco Token
Token Symbol: PETN
Total Max Supply: 99 Million
Token Network: Binance Smart Chain (BEP20)
Token Type: DeFi, Governance & Deflationary
Transaction Tax: 1.99% (Burnt: 0.99%, Open Source: 0.5% & Staking: 0.5%)
Token Unlocking: 25% Yearly for all ICO Token
Ecosystem

We want to bring a daily use of crypto and mass adoption to the people globally through our ecosystem services/products. We have allocated funds from every transaction to develop our ecosystem through the developer community.

Mobile Topup & Gift Cards | www.pyloncharge.com 
Provides a wide range of payments in Finance, Gift Cards, Government, Insurance, Internet, Landline, Mobile, Television, Transportation, Utilities and VoIP services across Africa, Americas, Antarctic, Asia, Europe and Oceania. 

Travel (Hotels/Flights) | www.pylontrip.com 
Provides a wide range of payments required for your travel needs national and international Hotel Reservations, Flight Tickets, Car Rentals, Cruises, Trains Tickets and Insurances around the globe.

E-commerce | www.pylonmall.com 
Offers millions of products with the best price guarantee. Starting from the USA, we are opening new countries for local delivery of all our products, upcoming countries are India, Australia, China and Russia.

Online Auction | www.pylonauction.com 
Provides a wide range of products in an auction where you can participate and place your bids on your desired price. We have products available for hourly, daily, weekly, monthly and yearly deadlines for it.

Gaming | www.pylonplay.com 
Offers wide collections of games for adults and non-adults in free or paid for real-time earnings. You can play as a challenge with your friends. Games are across racing, shooting, adventures, puzzles, cards, toss, rullets, slots, arcades e.t.c.

Crypto Wallet | www.pylonwallet.com 
Buy, store, exchange and earn crypto using our trusted and secure crypto wallet. We offer internal wallets along with external wallets. Using internal wallets to transfer across ecosystem sites in your account is fast, secure and free of cost.

Crypto Exchange | www.pylonexchange.com 
With the growing demand for crypto across the globe, we offer the widely used top crypto to buy, sell or trade. Some of the cryptos are BTC, BCH, ETH, BNB, LTC, USDT, BUSD, TRX, XRP e.t.c.

Payments & Cards | www.pyloncash.com 
It offers the payments and remittance service, through which you can cash out your token values in fiat currencies through its channel partners. It will also offer prepaid debit cards to users worldwide through the exchange of your tokens.


If you think of any new ecosystem to be added to the project ecosystem that will bring mass adoption to the community, we love to hear from you. We would like to contribute by bringing those products and services into daily use. Please contact us with more info.

Guarantee

Crypto value funds raised from different ICO phases are utilized in the below sectors. Initially, it is determined as the following value allocation. Then, the subsequent value allocations will be determined through the voting system by the token holders in the future. The following portfolio backs our all ICO tokens. It is like a guarantee to all ICO tokens with the underline assets which can be liquidated in case of ICO tokens buyback. This portfolio will be created after divesting the company's tokens in the exchanges.

Ecosystem Projects - 40% 
We have plenty of ecosystems that can bring together products and services which we are using in our daily life globally. From Mobile Topup & Gift Cards, Travel (Hotels/Flights) booking, E-commerce, Auction, Gaming, Crypto wallet & Exchange and Payments & Cards solution.

Online Trading - 30% 
Around a daily trading volume of $10 Trillion combined, It offers lower transaction fees, high liquidity and greater leverage. Forex, Crypto and Stocks are traded on spot, margin and futures markets to generate profits regularly. Forex & Crypto market open for 24 hours.

Real Estate - 20% 
Investing in Real Estate in the portfolio establishes more strength to the project values through the strong asset value class. It is also referred to as non-liquid and non-volatile compared to others. Therefore, it will mostly bring value growth over some time.

Liquidity Fund - 10% 
We keep reserve funds for the various purposes needed to run the project and ecosystem's operations successfully. We do not know when the financial disaster will come. So we always prepared for the worst-case scenarios and kept some funds in liquid cash.

Marketing

As we have around six months to complete the ecosystem projects, we think to do things differently from others in the crypto projects by spending one-fourth of their revenue. We tried to do things differently. We did not spend a single dime on social media marketing or other sponsored and paid promotional. We believe in the power of mouth-to-mouth spread of messages through their friends and family.

We believe in our project with very innovative features that no one ever offered to the IEO/ICO investments and things worked for us.

Airdrop
An airdrop is distributing a cryptocurrency token or coin, usually for free, to multiple wallet addresses. Airdrops are primarily implemented to gain attention and new followers, resulting in a more extensive user base and a wider disbursement of coins. We implement airdrop via telegram, social media campaign, partnership with exchanges and many more where ever it is possible to make awareness of our project.

Referral Incentive
ICO Tokens:
Starting from 5%, 2.5%, 1.25%, 0.75%, 0.50% resulting in a total of 10% referral incentives are awarded for five levels in tokens respectively. Which is bought by the system and gives the user a referral incentive in BUSD and makes it available to transfer or withdraw instantly.

Pre-Sale Tokens:
We decided to reward our existing members who help to bring people to the project and grow our community bigger, with 10% referral incentives in BUSD.

Token Type

Level 1

Level 2

Level 3

Level 4

Level 5

ICO

5%

2.50%

1.25%

0.75%

0.50%

Pre-Sale

10%

-

-

-

-

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, we need to rely on third-party representatives. Therefore, completion of listed activities may take a longer time. Still, we will make sure all the activities to be completed on or before time cumulatively.

The roadmap may change without any prior notice. If you have any issue regarding it then you can always ask to return back your ICO tokens to the company through the buyback guarantee program.



Q3/Q4 2021


Q1/Q2/Q3/Q4 2022

  • Ecosystem launch for E-commerce
  • Ecosystem launch for Auction
  • Ecosystem launch for Gaming
  • Mobile Apps launch for Android / iOS Platform
  • Divest 5 Million tokens to new Token Holders globally
  • 1 Million PETN Giveaway in AirDrop, Marketing and Promotions
  • Bring new users to the Ecosystem
  • Bring new Token Holders to the Project
  • Publish progress reports for token holders


Q1/Q2/Q3/Q4 2023 


Q1/Q2+ 2024 
Partners

We have collaborations with people from different backgrounds as well with big industries. 

Our partners are : 

  • Developer community 
  • General token holders 
  • Staking token holders 

Besides, we have extended our partnership with : 

  • Mobile/top-up recharge and gift cards provider 
  • Airlines and hotel booking provider 
  • Games providers 
  • Token information listing 
  • Exchanges
  • Wallet providers
The 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.


Lutz Flechsig
(Head of Online Trading) [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.

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.

Lasha Martashvili (Financial Analyst) [Georgia]
Lasha has twenty 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.

Tatiana Kvekveskiri (Head of 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.

Ashok Gautam (Head of PylonWallet, PylonExchange & PylonCash) [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 a Bank, CEO in Fintech and Blockchain company.

Mikheil Chitadze (Head of PylonPlay) [Georgia]
Mikheil likes to do art, he is good at graphic creation. His passion is to make a career in the Gaming Industry. He is very good at gaming. We expect he will bring the gaming environment to the project and help grow the gaming section of our ecosystem.

Umesh Gaire (Head of PylonCharge) [India]
Umesh has a decade of experience in the customer service department. He loves to listen to other's problems and always comes up with the perfect solution. He likes helping people around and gaining new experiences. The Pylon Fintech team believes that due to Umesh’s talent and knowledge the company will have a bright future.  

BJ Solanki (Head of PylonTrip) [India]
BJ Solanki has around ten years of experience in the travel industry. He also owns multiple businesses from restaurants, hotels, money exchange etc. We strongly believe that under Mr. Solanki’s sagacious guidance, the company will demonstrate outstanding results. 

Devendra Magar (Head of PylonAuction) [UK]
Devendra has collected years of experience in auction and bidding. From the experiences he has gained, he is very good at identifying the authenticity of different items. Likewise, he assesses the level of risks involved in any auction project as well as negotiates with suppliers to secure customer satisfaction. 

Karuna Subedi (Head of PylonMall) [China]
Karuna is an eCommerce expert handling both B2B and B2C platforms. Karuna is also involved in planning and executing different digital marketing strategies along with promotional campaigns.  Furthermore, she is also personally running a dropshipping service for her clients.

Bishal Bhandari (Community Development) [Australia]
Bishal believes in the crypto future and blockchain technology. He is a successful crypto trader and entrepreneur. He has an excellent vision for the company's growth toward success.

Darwin Jayme (Community Development) [Philippines]
Darwin is an experienced web developer, marketing consultant, and visionary entrepreneur. He had success with some of the online projects in the past. His involvement will bring great value to the project.

Ganesh Sapkota (Community Development) [Australia]
Ganesh is a well-known name in Australia in the Nepali community regarding leadership, entrepreneur and affiliate marketing. He believes in crypto and its leverage to financial freedom. He is confident to invest his time and money to grow the community together.

Sanjeeb Chaulagain (Community Development) [Japan]
Sanjeeb is a dynamic person who has a good understanding of financial markets and is involved in team building through his leadership skills. He is currently involved in multiple emerging projects but likes to focus his team-building on our project seeing future value growth.

Puskar Budhathokee (Community Development) [Korea]
Puskar is an entrepreneur and forex trader. He is more into crypto trading and Investing. Also believes in financial freedom through the use of crypto. He believes DeFi will create a history in financial freedom.

Sabbir Ansari (Community Development) [India]
Sabbir is a young entrepreneur and crypto investor. He is a leader and a coach, having experience in direct sales and marketing,  also believes in financial freedom and has a keen interest in team-building and growing together.

Legal

Legal Opinion:
PYLON FINTECH LLC (405463840), registered in 215/II, Shalva Nutsubidze Str. Tbilisi, 0186, Georgia. Pylon Eco Token is distributed through www.pylontoken.com. The issuing of crypto tokens is legal and does not come under the securities law in Georgia. Accordingly, it is not a security or otherwise a regulated product or instrument under applicable laws.

There is only one regulation law about crypto actives in Georgia, Decision of the Financial Ministry of Georgia N201 and it covers only the issue of how to regulate taxation and  Value Added Tax (VAT) payment for the individuals. According to this law :

Individuals in Georgia are exempt from income tax on any profit received from the sale of cryptocurrency. The sale of the cryptocurrency or its exchange for Georgian Lari (GEL) or other currency is not subject to VAT. It applies to transactions between legal entities and individuals. According to the amendment to the Tax Code, crypto actives are not subjected to VAT regulations.

There is not any kind of special regulations about companies/legal entities who work in the Crypto business and doing any activities in this field, because of the nature of the cryptocurrency, It is practically impossible to determine the place (territory) of the operation, because the supply of cryptocurrency and its conduct in other currencies takes place in a virtual space, between the virtual community, if the test, through the content of the operation, should be considered, because this action does not exist.

 Furthermore, the Company is not receiving any fiat currency in the process of Token distribution and does not have any bank accounts, which also excludes them from any taxation applicable from Revenue Service in Georgia.

At this time Crypto Business is not regulated under Georgian law, but also is not a forbidden or unauthorized business type.


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 participating in this project from the counties where crypto is not legal. You may use it at your own risk.


NOTE:
The whitepaper is translated into multiple languages via the community's contributions. Hence, the English language version of the whitepaper is the official, authorized and accurate information on the project.

Contact

You can reach us via any means like Telegram, Viber, LiveChat, and Support Tickets.

Mailing Address:
Pylon Fintech LLC (405463840)
215/II, Shalva Nutsubidze Str. 
Vake, Tbilisi, 0186, Georgia
Phone: +1-909-547-3618 (USA)
Email: [email protected]


Authorized Representative:
Ashok Gautam
[email protected]
https://t.me/ashokgtm
Phone: +1-202-780-5545 (USA)


Ecosystem Websites:
Below are our official websites and their ecosystem for the project. We may have other domains, but those domains must redirect to the final website to one of our below-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.

www.pylontoken.com
www.pyloncharge.com
www.pylonmall.com
www.pylontrip.com
www.pylonplay.com
www.pylonauction.com
www.pylonwallet.com
www.pylonexchange.com
www.pyloncash.com


Social Media:
Lists of social media where you can reach us for projects and ecosystem-related queries.

Telegram: https://t.me/pylonecosystem 
Twitter: https://twitter.com/pylonecosystem 
Weibo: https://weibo.com/pylonecosystem 
Facebook: https://facebook.com/pylonecosystem 
Instagram: https://instagram.com/pylonecosystem 
LinkedIn: https://linkedin.com/company/pylonecosystem 


User Community:
For better interaction between users, to help build the community, we are available in:

Telegram Group: https://t.me/pylonecotoken
Facebook Group: https://fb.com/groups/pylonecotoken