Pylon Network is the world’s first decentralized energy exchange powered by renewable energy. Find out how it works today in our review.
What Is Pylon Network?
Pylon Network, found online at Pylon-Network.org, is a blockchain-based network powered by renewable energy.
The goal of the platform is to create an ecosystem powered by renewable energy. Here’s how the developers explain it:
“Pylon Network is structured with only one purpose: to create the first open, renewable energy exchange community, which will provide the energy markets with the signals and financial incentives that current energy policies and governance systems, are failing, or delaying to provide.”
Users of the Pylon Network can exchange green energy. This green energy is purchased directly from the RES producer without the need for intermediaries.
A digital currency called the Pylon coin lies at the center of this ecosystem. Overall, the marketplace is designed to reward the production of sustainable energy and financially support projects built on sustainable technologies.
As the Pylon Network website explains, the renewable energy technology is out there today – Pylon Network just wants to accelerate its implementation.
Pylon Network is being developed by a team of clean energy specialists based across Europe, including offices in Spain and Denmark.
How Does Pylon Network Work?
Pylon Network is a decentralized platform that promotes decentralized energy technologies. The operation of Pylon Network is based on blockchain technology, “which gives the room for creation of trust mechanisms and data management at a decentralized scale”, explains the official website.
Pylon Network’s blockchain uses a blockchain-based smart meter called Klenergy Metron. This meter powers the network and validates all energy and currency transactions within the platform. Through this mechanism, Pylon Network can achieve two crucial goals:
- Reward the production of green energy
- Connect grid-connected players (producers, consumers, and “prosumers”) with stand-alone RES2 installations
Klenergy Metron is one of several third party products and services integrated into the Pylon Network. The network also relies on Helios, decentralized applications, and green mining platforms.
Pylon Network Features
The Pylon Network relies on a number of third party products and services that are integrated into the platform – or will be integrated in the future. Here are some of the key features of the platform:
Metron is a blockchain-based plug and play energy monitoring system designed to give meaningful insights to users regarding their energy consumption. The smart meter also offers energy training, helping consumers become more energy efficient and smarter with their energy usage. Metrons are used as verification nodes within the Pylon Network for the direct exchange of energy and payments.
Helios is Pylon Network’s flagship product. Helios is a hydrogen, CHP3 storage solution that produces hydrogen using electrolysis reactions without emitting any pollutants whatsoever. Helios’s system can be used to store excess electricity in the form of compressible hydrogen. This is a major advancement in renewable energy technology, as it allows users to produce energy from renewable sources – like solar – and then store that energy for a long period of time – like months. You can use HELIOS to store energy all winter long, for example.
Pylon Network’s decentralized applications rely on the platform’s decentralized governance model. They also use instant smart contracts for energy payments, and can be integrated with various energy consumption data. All of this information is accessible from a clean energy dashboard accessible from your smartphone or computer (iOS, Android, or web-based platform).
Pylon Network has a green mining system that prioritizes self-consumption over consumption for mining. The green mining model ensures that mining only occurs with electricity that would otherwise go to waste. In other words, the mining process does not add to total energy consumption (otherwise, energy consumption for mining might negate the energy savings generated by the platform, which defeats the overall purpose).
The Pylon Network ICO
There will be a total supply of 3,750,000 Pylon Network tokens, or PYLNT. The entire supply is pre-mined. 750,000 tokens will be available during a pre-ICO, while 2.5 million will be available during the general ICO.
The token is an Ethereum-based ERC20 token. 1 PYLNT will be priced at 1,52 EUR.
The pre-ICO takes place between September 25 and October 3, while the general ICO takes place between October 4 and October 24.
Bonuses are available throughout the crowdsale, based on both your investment amount and your date of investment (the earlier you invest in the ICO, the more tokens you’ll receive).
Who’s Behind Pylon Network?
Pylon Network is led by CEO Gerard Bel, an industry automation and electrical engineer. Other key members of the team include CTO Agustin Roig, COO Markos Romanos, and CIO Eugenio Moliner.
Pylon Network is being developed in partnership with Kleneyrs, a European-based team of clean energy specialists. The company is based in Spain and Denmark, with a professional network expanding across the UK, Belgium, South Africa, and the United States.
Pylon Network Conclusion
Pylon Network aims to change the way we handle renewable energy using a unique blockchain platform based on green mining principles. The goal is to transition modern energy infrastructure to a renewable model built for the future.
You can learn more about the Pylon Network project and the company’s upcoming ICO by visiting the official website today at Pylon-Network.org.