https://www.xpetroleum.com/
In my previous article, I will give you information about the future of the project, XPetroleum and what the project can do. Today I want to tell you information about tokens and contributions
First of all, I will start by stating it is based on a smart contract because it is based on a block chain. If we present smart contract information, the token structure is as follows:
Oil and gas companies can benefit a lot from blockchain technology, from increasing efficiency and increasing costs and managing complete information safely.
The oil and gas sector supports something foreign to technology in field operations. Hydraulic breaking, 3-D seismic mapping, and Related operational innovations are the advantages of its development. The company is quick to apply new digital technology to trade, supply chains, procurement, and finance.
Distributed ledger technology, usually called blockchain, made a breakthrough in several industries. However, to date, these technologies have only had very little results in the oil and gas sector, providing a small frame of reference for leaders to adequately assess their present and future values. Some oil and gas executives have recognized the potential of the blockchain to transform and simplify transactional processes, which can lead to increased efficiency and lower prices when transferring values between entities. Others, however, expressed concern about the immediate desire, not sure whether future benefits outweigh the risks and demands of investment. Many have little or no idea about this potential.
About XPETROLEUM
The XPetroleum team is designing one of the biggest oil economy trusts on the Blockchain. XPetroleum can revolutionize the oil sector and make it transparent. XPetroleum is a modern oil platform that depends on blockchain technology with smart contracts. XPetroleum will change the oil sector and simplify its operations. The oil industry is one of the most important markets in the world, with a global market size of $ 1.7 trillion.
The XPetroleum blockchain based platform offers several benefits to enable work in the office to be more competent: transparency, monetary exchange, execution based on contracts, track-origin for authentication, security, cost and time. XPetroleum's main goal is to reach the oil company Xpetroleum.
It is vital to note that oil is a non-renewable resource that must be protected. It’s for this purpose that a project referred to as XPetroleum is being created, which can enhance the process of oil production and supply through the implementation of Blockchain technology.
The main goal of the developers is to produce a modern generation oil platform based on Ethereum smart contracts, that provides the below opportunities for the oil industry:
Ø confirmation of the originality of the product;
Ø tracking place of origin;
Ø transparency of operations;
Ø reduces cost;
Ø proven safety;
Ø reduced transaction processing time;
Ø elimination of middlemen between the suppliers and also the consumers.
Principle of Operation
XPetroleum platform will be designed on Blockchain technology that allows storage and exchange of data between participants on an equal basis. Due to the decentralization nature of the platform, Xpetroleum platform will be able to utterly eliminate the needs for middlemen services.
Activities within the platform are executed on the idea of smart contracts that are finalised between two or more parties. These binding agreements may include several functions that are performed in response to certain activities of the parties to the agreement. Such a solution will ensure the security of operations and enhance their transparency.
Participants can track the place of oil production, the time of its delivery, and also number of similar parameters included in the process of trading this valuable resource.
WHY YOU SHOULD CHOOSE XPETROLEUM
The importance of the XPetroleum project lies within the area that wishes to be improved, the oil industry. Oil is an essential commodity for any economy to grow, without it, cars and buses cannot drive, they need internal combustion engines, several products derived their raw materials from oil, such as rubber, plastic, polythene. In some countries oil is the major sources of the nation and people’s wealth.
TOKEN AND ICO DETAILS
The XPetroleum token sale event permits participants to contribute to XPetroleum and receive XPL tokens. The maximum XPL token supply is eighty million tokens. XPL is an ERC20 token that serve as currency on XPetroleum platform. 62 % are sold in public sales. The cost of the 1 token will be $ 0.15. However, the date of public sale will be declared by the creators of the platform in Q2 this year once the Whitepaper 2.0 is release.
TOKEN DETAILS
Token name: Xpetroleum
Token symbol: XPL
Standard: ERC20 (Ethereum)
Decimal: 8
Total Token Supply(max): 80,000,000 XPL
Min Purchase: 0.1 ETH
Initial value: $ 0.15
Soft cap: $ 5,00, 000
Hard cap: $ 5,000, 000
Accepting: ETH
The XPetroleum platform currency will be XPL tokens, this token can be stored on wallets that support the ERC20 cryptocurrency standard. Potential customers can buy these coins only throughout public sales.
ROADMAP
UNIQUE TEAM
Conclusion
In the oil and gas sector, with its international reach, its complexness, and its dizzying array of national regulations and restrictions, simplifying and enhancing the work and processes of world product movement is a high priority for XPetroleum. With a compelling value proposition, several oil and gas companies could look to explore, invest in, and collaborate with XPetroleum on developing their blockchain-based platform meant to decentralize the industry.
For more information about their programs, you can visit links belows :
Website: https://www.xpetroleum.com/
Twitter: https://twitter.com/XPetroleum_xpl
Telegram: https://t.me/XPetroleum
Telegram Channel: https://t.me/XPetroleumAnnouncement
Medium: https://medium.com/@xpetroleum
Reddit: https://reddit.com/u/xpetroleum
Instagram: https://instagram.com/xpetroleumcom
Author : AkangTravel
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