Progress Report – PYLON ECO TOKEN (PETN)

Description: This progress report is an item-by-item assessment of the current status to date of predefined tasks in reference to their expected final completion status. This document was prepared as an assessment of the relative progress of an ongoing work plan for the Pylon Eco Token (PETN) project.

Progress Report

PYLON ECO TOKEN (PETN)

DATE: 11.09.2021

AUTHOR: Lasha Martashvili

Description: This progress report is an item-by-item assessment of the current status to date of predefined tasks in reference to their expected final completion status. This document was prepared as an assessment of the relative progress of an ongoing work plan for the Pylon Eco Token (PETN) project.

Has the project scope changed?

Both project scale and task volume have been elevated. As Pylon Eco Token awareness and popularity among the crypto investor community have increased, the project management council and executive team plan to list PETN on the popular crypto exchange that will ring more liquidity and volumes into the coin.

At the same time, the Pylon Eco Token team will strive to launch new ecosystem projects according to the initial plan.

Will the project hit the quarterly target?

It is anticipated that all works associated with the given quarter July – August – September will be completely finished on time as indicated in the schedule. It is important to note that 90% of all operations that were envisaged for this quarter were already completed. Please, see below the list of achievements that were attained so far.

Does the project have any roadblocks?

Currently, the project does not have any roadblocks.

List of tasks completed/milestones hit in July

  • The Stakeholder ICO was launched
  • The crypto company Pylon Fintech LLC (registration number: 405463840) was founded in Georgia, Tbilisi.
  • Different industry experts were located and involved in the project.
  • The Pylon Eco Token (PETN) executive team commenced a marketing campaign regarding the project.
  • The Stakeholder ICO was completed.
  • The Private ICO phase launched.
  • The Pylon Eco Token (PETN) executive team members started negotiations and applied for a listing to several Crypto Exchanges and Crypto ranking websites (like CoinMarketCap, CoinGecko, etc.).

List of tasks completed/milestones hit in August

  • The Private ICO phase has been completed.
  • The Pre ICO phase commenced.
  • The Beta version of the Mobile Top-up & Gift Cards ecosystem website has been elaborated.
  • Beta version of Travel (Hotels/Flights) ecosystem website developed.
  • New alliances have been created and the number of executive team members was increased.
  • Marketing campaign level hoisted and it reached more audience worldwide. As a result number of both PETN investors and project supporters increased.
  • The Pre ICO phase was completed and tokens were ready for Exchange listing.

List of tasks completed/milestones hit in September

  • Smart contracts were implemented.
  • PETN was listed on XT.COM Exchange.
  • The Pylon Eco Token was listed on CoinMarketCap, CoinGecko, and other crypto rating websites.
  • The trading of PETN on XT.COM has been launched on September 1, 2021. At the end of the day, more than 1 million contracts were traded.
  • The number of investors and project supporters increased as a result of the Exchange listing.

Tasks/goals planned for next month

  • Listing PETN on other Exchanges.
  • Listing Pylon Eco Token on TrustWallet and other similar coin holding systems.
  • Elaborating E-commerce ecosystem website.
  • Launching Travel Apps on iOS and Android.

Lessons learned this month/quarter

  • We need to intensify project marketing efforts.
  • The number of project investors should be increased.
  • The project team must increase their exertions to convince representatives of other crypto Exchanges to list PETN.

Roadblocks/challenges that the project anticipates

  • The biggest challenge so far is convincing other crypto Exchanges to list Pylon Eco Token (PETN).