Oilwellcoin

Oilwellcoin

Created using Figma
Created using Figma
OilWellCoin is the first project in the world aimed at solving the problem of financing and developing the oil industry on the basis of blockchain technologies created by a group of professionals with more than forty years of experience in oil exploration, software development experts and professional lawyers. The basis of the project is the OilWell platform, which is designed to promote the liberalization and transparency of processes in the oil product market. The strategic goal of the OilWell project is to introduce innovative blockchain-based financing mechanisms into the oil production, refining and marketing industries, which will reduce the threshold for investors to enter the business and increase capital inflows into the industry. OilWell platform will allow anyone to become a member of the oil business.
Pre-sale
Aug 15, 2019
Sep 30, 2019
22% completed
Raised funds - no Data
Goal 1 500 000.00 USD
ongoing
  • 1 OILD
    =
    1.8 USD
Token Details
Total supply
16000000
Token Distribution
Token sale - 84%
Partner’s and adviser’s reward - 6%
Project team - 10%
Accepted Currencies
ETH, BTC, USD, LTC, BCH, DASH, RUB
Company Details
Registered Company Name
Hadius Pro Marketing Pte. Ltd.
Registered Country
Singapore
Company Founded
Feb 1, 2018
Bonus Structure
50% at pre-sale
Additional Details
MVP/Prototype
Yes
Platform
Ethereum
Whitelist
Yes , from Apr 1, 2019 till Aug 15, 2019
KYC
Yes
Categories
Platform

About Oilwellcoin

OilWellCoin is the first project in the world aimed at solving the problem of financing and developing the oil industry in Russia and other countries on the basis of blockchain technologies. The project was created by a group of professionals with a combined experience of more than 40 years in the field of geological exploration of oil fields and oil production in Russia and in the world, as well as software development experts and professional lawyers. The basis of the project is the self-developed platform OilWellCoin (hereinafter referred to as OilWellCoin), an infrastructure operating with cryptoactive assets that will facilitate the introduction of blockchain technologies in the oil product market, and, as a result, its liberalization and transparency. Among the participants of the OilWellCoin project (hereinafter “the OilWellCoin group of companies”) are the oil producing company Demiurge LLC and the technology company Hadius Pro Marketing Pte. Ltd., which is the official developer of the platform OilWellCoin (https://oilwellcoin. io/) and distributor of discount certificates for products produced by Demiurge LLC

Features

Lack of possibility of substitution / falsification of original discount certificates. • Transparent certificate tracking system. • Ability to not contain server infrastructure for data transfer and storage. • Reliable channel with redundancy. No expensive communication channels, database servers, etc. are required.  • High network speed, support for more than 40,000 transactions per second in a specially configured environment (Confirmation of a transaction in Ethereum can take up to 10 hours). • Free transactions. • The LCPoA block generation algorithm (Limited Confidence Proof of Activity), tied to world time, reliably protects the network from spam and counterfeit transactions, while not demanding of computing resources. • Free data storage.

Technical Info

To ensure the operation of the system, two types of tokens will be released: 1. ERC20 token - OILD (Oil Discount), produced on the basis of the Ethereum platform, involved in the sale of tokens during the period of the free sale of tokens (Token Sale). 2. ТToken-asset - OILDC (Oil Discount Certificate) "virtual certificate", issued on the basis of the blockchain platform izzz.io, which will be used as a safe and trusted repository of information on issued paper obligations - certificates that provide discounts. To receive a discount when buying oil, you will need to obtain a paper certificate by submitting a virtual certificate to the company's information system. You can get virtual OILDC certificates by exchanging them 1: 1 on the basis of the OilWellCoin platform for OILD tokens. The issue of OILD tokens is regulated by Russian and international law, in connection with their binding to electronic discount certificates of an unlimited period of validity, upon presentation of which, within the framework of the OilWellCoin platform, it will be possible to receive a discount when buying goods - oil. If the holder of tokens does not buy the oil produced, he will be able to sell the token in the free market to interested parties. Such a scheme will allow you to create correct legal relationships with customers, while actively using the blockchain for transparency of transactions. The first project within the framework of raising funds from the sale of token certificates with further oil production and sale is planned by the OilWellCoin platform team to implement on the basis of its own oil and gas wells one of the company's sites

Oilwellcoin Roadmap

  • Q3 2017

  • Obtaining a license for the development of the company's owned plot
  • Q4 2017

  • Collection of geological and technological materials for analysis and subsequent development of the production plan
  • Q1-2 2018

  • Drawing up the production plan and development of project documentation
  • Q2-3 2018

  • Upgrading the concept to the financing platform and development of the blockchain technology-based oil production and refining industry
  • Read More
  • Q4 2018

  • State examination. Registration of the position and register of discount certificates. Started sales discount certificates
  • Q1 2019

  • Sale of discount certificates and making a decision on choosing one of the project development scenarios. Launch of Certificate Management System
  • Q2 2019

  • Acquisition and supply of equipment and special equipment for repair and rehabilitation works and testing of oil perspective horizons in previously drilled wells. Capital construction within the production zone (oilfield pipelines, oil collection and treatment station)
  • Q3 2019

  • Repair and preparatory work. Geological exploration: seismic exploration; drilling of exploration and production wells. Test of oil perspective horizons in existing wells
  • Q4 2019

  • Industrial exploitation of the field and further development of the platform

Activity

Posts:
52
LOW
Followers:
6 104
HIGH
Likes:
6 009
HIGH
Rating:
5
VERY HIGH
Followers:
1 947
LOW
Tweets:
56
LOW
30 Days Growth:
553
Members:
8 178
HIGH
30 Days Growth:
778

Oilwellcoin Team

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Alan Kokaev
CEO
unverified
Magomed Khadisov
CFO
unverified
Musa Jamalkhanov
CPE
unverified
Sarkis Darbinyan
Lawyer
unverified
Artemy Soldatenkov
CBDO
unverified

Oilwellcoin Last News

N/A
5.0 17
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