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Pylon Network is another blockchain project for electricity trading. This time it is a Spanish project, the ICO of which turned out to be a huge flop for the creators, and a goldmine for investors.
He only collected a 10% hard cap, which was not particularly ambitious anyway. As a result, the ICO price is around $ 1,5, and PYLNT quickly reached $ 40 after entering the stock exchange (with this number of tokens it is still very little). Currently, its price is falling and looking for a bottom, and the capitalization is hellishly low.
What is the difference between Pylon Network (PYLNT) and large competition?
Its creators want to create their own open-source blockchain ideally suited to the needs of the electricity trade market. The starting point is Litecoin fork having an affair with CreativeCoin. This network will be the basis for building p2p electricity distribution systems. Another distinctive feature of Pylon is the use of modern METRON electricity meters, own production equipment. In addition, the creators devote a lot of space green mining, i.e. providing electricity to miners cryptocurrency PoWwhat would limit the CO2 emissions (ecological fairy tales). The creators at the beginning of the project focus on their home country, Spain, where they build test polygons. tokens PYLNT they are to be used for all payments on the network.
Pros and cons of the Pylon Network project
+ Good team contact with the community
+ They have a lot of experience in the energy industry from which they come
+ Own blockchain and hardware distinguish them from the competition
+ Attractive price of tokens
- lack of funds for project development and marketing - in order to perform the next task from the roadmap, they create another sub-ICO to finance the next tasks from the roadmap. They will probably issue another token, which will be the basis for paying dividends from the company's profits in the future.
- in effect, routemap is much delayed
- possible bankruptcy
- the developers' programming plans seemed a bit unclear to me. On the one hand, on the official website, they boast about their intentions to create their own blochchain adapted to the needs of the energy market, on the other hand, it is not possible to find this type of information in a whitepaper, and there is only one programmer in the team, and with little experience. Personally, on a telegram, they assured me that two programmers who create blockchain with the help of an external company (many experienced programmers) are currently working for them.
Very interesting project. A team that seems to work hard. If financial difficulties can be overcome (they do not go bankrupt), roadmap is implemented and partnerships are won, the price will have a lot of room for great increases. High risk of bankruptcy or being consumed by the competition, but - if the project is successful - possible profit.
