PETROLEUM believes that having access to financial services can create economic opportunities and improve lives.
PETROLEUM was established with a mission to enable people to securely offer and access financial services, as well as exchange and spend digital assets anytime and anywhere.
PETROLEUM aims to enable instant, peer-to-peer transactions in real-time, facilitating financial services across geographies, asset classes, and applications.
Industry networks become more complex as the number of participants in them increases. They also reorganize constantly through restructuring initiatives, mergers, acquisitions or regulatory actions.
Assets, goods and services are exchanged within these supply chain networks, and value is created through transactions governed by contracts. For a network to function properly, transactions must be recorded accurately in a system of record and be accessible to all participants. This system of record is often referred to as a ledger even though it is usually a digital record.
PETROLEUM is the first oil utility token based on Blockchain Ethereum.
The total value of 2,000,000,000,000 OIL tokens is equal to the sum of world oil reserves.
Each month, the right amount of OIL tokens will be burned, corresponding to the monthly oil consumption in the world.
