With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.
While this revolution is gaining wide acceptance, XPetroleum, a next-generation oil platform based on the Ethereum blockchain with smart contracts has arrived.
"Oil has become the world’s most important source of energy since the end of World War II. Oil is a lever for economic and social development in the twenty-first century, because it brings in hard currency from abroad and because, linked up with other industries, it is a good that can increase its value importantly, creating many jobs.
But the energy industry has its share of challenges. Challenges that could be greatly reduced if not eliminated by greater efficiency and transparency.
But to get there, the industry must pivot from outdated trading platforms and less-than-secure documentation to technology that can bring the industry more completely into the digital age.From secure distributed ledgers to smart contracts, blockchain is becoming essential in many industries.
Securing and simplifying energy trading, billing and payment.
Managing unwieldy, complex supply chains.
Responding to regulation requiring massive documentation.
Blockchain has demonstrated its value in financial services and now presents a significant opportunity to drive savings in oil and gas—especially for oil and gas companies with substantial transportation expenditures. These companies process thousands of freight transactions each day, and reconciling their shipment invoices against services with proper remittances is both laborious and costly. Blockchain has the potential to significantly reduce discrepancies in the process by enhancing transparency and improving accuracy in freight rates, shipment routing and invoice generation."
With that being said, the XPetroleum team is building one of the largest trust oil economy in the Blockchain. XPetroleum will revolutionize the oil industry and make it transparent. The oil industry is one of the most essential markets in the world, oil market size is $1.7 trillion.
Now that I have your attention, let’s get right to it.
What exactly is XPETROLEUM?
As depicted above and as indicated on the official website of XPetroleum, XPetroleum is a next-generation oil platform based on the Ethereum blockchain with smart contracts. The XPetroleum team is building one of the largest trust oil economy in the Blockchain. XPetroleum will revolutionize the oil industry and make it transparent. The oil industry is one of the most essential markets in the world, oil market size is $1.7 trillion. Blockchain offers many features to make back-office work more efficient: Transparency, Financial transactions, Enabling performance-based contracts, Track provenance for authenticity, Secure, Cost and Time.
The goal is to set up the Xpetroleum Oil Company if we reach our soft cap. Then we will start to conduct various petroleum activities.
Oil's essential significance lies in the way that it is an extremely versatile and ground-breaking source of energy. There are numerous other energy sources that we routinely use, including kindling, coal, and hydroelectric and atomic producing stations. These sources have their advantages and disadvantages. A perfect and inexhaustible source of energy, would absolutely be the most desirable. A perfect and sustainable source of energy, Oil is a non-inexhaustible source of energy.
Blockchain offers numerous features to make back-office work progressively proficient: Transparency, Financial transactions, Enabling performance-based contracts, Track provenance for authenticity, Secure, Cost and Time.
Reasons Why You Should Choose XPetroleum?
XPL is a peer-to-peer, next-generation oil platform token with an average transaction time of few seconds!
The world’s largest sector
Oil industry is the sector with the world’s largest demand. The oil industry is one of the most essential markets in the world, oil market size is $1.7 trillion.
Cost and speed
XPetroleum will have nearly instant transaction times and reduced cost of transactions.
Safe and Secure
ERC20 is the token standard of the Ethereum smart contracts platform.Transactions are guaranteed and secure.
Eliminates the Third Party
XPetroleum eliminates the dependency on third party intermediaries in all major oil sectors.
Locked Team Tokens
The team tokens will be locked using the smart contract for 2 years.
The use of blockchain-tech is one of the most amiable invention of all time. It help with peer2peer exchange activities. Therefore, it can be used to carry out business activities, in that it offers a transparent service with 100 percent reliability and protection for the members info. Therefore, xpetroleum is making use of this amiable setup to change the inefficiencies in the oil-based organization.
About The Token Sale(Details)
well, we all know token Sale is a modern method of crowdfunding that allows us to issue Digital Tokens in exchange for investments. The XPetroleum token sale event allows participants to contribute to XPetroleum and receive XPL tokens. The maximum XPL token supply is 80 million tokens.
XPL is an ERC20 token that serves as currency on XPetroleum platform.
During the Token Sale, the Token exchange rate will be as follows:
1 XPL = $0,15 USD.
The minimum purchase amount is 0.1 ETH.
Early contributors of XPetroleum received a 35% bonus during the Pre-Sale round.
All unsold tokens will be burned at the end of the ICO.
All Tokens will be of equal value and functionality.
To buy XPL tokens you will need to send a desired amount of ETH to the Ethereum Smart Contract address published on the Buy Token page of our website.
Never send ETH to any address other than what we publish on the Buy Token page of this website. The exchange rate is updated for each investment during Token sale ( XPetroleum uses Etherscan.io for ETH exchange rate).
XPL Token Specification
Token name: Xpetroleum
Token symbol: XPL
Standard: ERC20 (Ethereum)
Total Token Supply(max): 80,000,000 XPL
62% Allocated for Token Sale
15% Allocated to Team And Founders
8% Allocated to Marketing
9% Allocated to Bounty
6% Allocated to Airdrop
40% Allocated for Research and Development
20% Allocated to Administration & Operations
20% Allocated to Marketing
10% Allocated to Partnership
6% Allocated for Hire Employee
4% Allocated to Legal And Compliances
MEET THE AMAZING TEAM
Liam Evans: CEO
Bradley Robson: CTO
Jacob Howarth: Marketing and public relations
Harley North: Web Designer and Developer
Philipp Tavares: Editor and Research Manage
Be a part of this incredible project. Download the whitepaper for the full scoop.
Till next time…
For more information, please visit:
Telegram Channel: https://t.me/XPetroleumAnnouncement
XPetroleum #XPL #XPLtokens #XPetroleumPlatform #Blockchain #TokenSale #Ethereum
My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2487106
Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.