What is PYLON COIN?
Pylon Coin or abbreviated “PYLNC” is the payment and certification method of green energy used by all the players within Pylon Network – Consumers, Producers, Prosumers, Renewable Energy Cooperatives.
What does PYLON COIN represent?
It represents an indestructible and inherent certificate of green energy, since Pylon Coin is “generated” through the use of renewable electricity and combined with the transparency of blockchain technology.
What are the advantages of using PYLON COINS?
By using this payment and trace system, users will be able to:
- Know – Who-When-Where – has consumed or produced each kWh of electricity.
- Micro-payments in real time.
- Secure transactions, fast and without intermediaries.
- Traceability and transparency of all operations.
- Accounting processes optimization of the energy cooperatives.
How you are going to pay less for the energy you consume with Pylon-coins?
The way to get cheaper energy will be using PPA (Power Purchase Agreements) with green energy producers. A PPA is a long-term power purchase agreement with the producer. The cooperative will close PPAs with producers gradually.
How does PYLON COIN works?
Pylon Coin is the most sustainable cryptographic currency in the world. The “CORE” of the Pylon Coin is based on the proof of cooperation between all the participants, reducing the energy validation costs of the transactions. It is the first blockchain algorithm developed specifically for the energy sector needs by the Pylon team and its partners, and uses only 100% renewable electricity for its operation.
More information and a detailed explanation will follow soon, during the demonstration and development stage of the Pylon Network within the Spanish network / market, in collaboration with GoiEner.