By tying BlackGold to the OPEC oil supply, we are circumventing the typical effects of the interaction between supply and demand on cryptocurrency, which causes its massive fluctuations. Instead, BlackGold is a way to indirectly invest in new technologies related to oil, amongst other things. In order to popularize BlackGold, social media campaigns will be the main focus, with the secondary focus being put on supporting projects which utilize BlackGold, or are related to BlackGold and its goals.
BlackGold seeks to develop a platform where cryptocurrency investors can invest into the oil market, and where oil investors can invest into the cryptocurrency market in a safe way, where risk can be minimized. This exchange is a comprehensive solution to the lack of connection between the market of cryptocurrency, and the global commodity, stock, future and bond market.
An Ethereum Request for Comments 20 (ERC-20) Standard Compliant Token
An initial supply of 1,189,800,000,000 BLKG, each equal to one barrel of oil, at the price of the OPEC Reference Basket
Mintable/Burnable supply to adjust to changes in Global Oil Supply
Development of the Contract Code
Global Cryptocurrency Exchange Development
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