enno netral: XPetroleum is the next generation oil platform based on the Blockchain.

https://www.xpetroleum.com/

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Introduction

There are various ways the oil and gas industry can profit by utilizing blockchain innovations, especially with strong data management methods, and very complicated data security. The oil and gas industry has been at the forefront of technological progress, seeing developments, for example, 3D seismic mapping, fracking, and a large number of different innovations. However, he has also received criticism because most of the development has been directed at the business operations side. Thus, the backend capacity that handles managerial processes in the oil and gas sector suffers.

Over the past few years, the industry has faced various difficulties including continuous price changes and high yields, which have brought cost-cutting measures, layoffs and reduced exploration. Organizations in this sector need to continue to improve such as adjusting their operational procedures, the strategies they use, and even how transactions are carried out to ensure they remain competitive. Furthermore, as it is, the XPetroleum blockchain-based technology is the best platform to enable industry to overcome its current difficulties.

What is XPetroleum?

XPetroleum is the next generation oil platform based on the blockchain Ethereum with smart contracts. XPetroleum is building one of the largest oil trust economies on the Blockchain. XPetroleum will revolutionize the oil industry and make it transparent. The oil industry is one of the most important markets in the world, the size of the oil market is $ 1.7 trillion. The Blockchain offers many features to make work in the office more efficient: Transparency, financial transactions, Enabling performance-based contracts, tracking sources for authenticity, Safe, Cost and Time.

Oil is a non-renewable resource that must be protected. For this reason a project called XPetroleum is being created, which can improve the oil exploration and supply process through the implementation of Blockchain technology.

The main goal of the developer is to create a new generation oil platform based on Smart Contract Ethereum, which provides the following opportunities for the oil industry:

Confirm the authenticity of the product
Trace place of origin
Transparency of operation
low cost
High security
Low transaction processing time
Elimination of intermediaries between suppliers and consumers.

Benefits of Xpetroleum

Digital ecosystems and currencies: the XPetroleum Ecosystem is the next peer-to-peer generation oil platform with the aim of completing transactions in seconds through the influence of the digital currency "XPL".
Minimum transaction fee: You can do as many transactions as possible at certain times on the XPetroleum platform without having to worry about returning a few dollars.
Transaction security: Through the influence of Ethereum-based smart contracts, there is no reason to worry about the security of funds.
Third party elimination: By becoming a peer-to-peer platform, XPetroleum seeks to make both business parties communicate directly with each other while eliminating the influence of third parties that attract additional costs.
Locked team tokens: Tokens allocated to team members will be locked with a smart contract for a period of two years. This will enable investors to generate as much profit as possible from investment.

Sales Tokens

Token Sale is a modern crowdfunding method that allows us to issue Digital Tokens in return for investment. This token sale event allows participants to contribute to XPetroleum and receive XPL tokens. The maximum XPL token supply is 80 million tokens. During the Sales Token, the Token exchange rate will be as follows: 1 XPL = $ 0.15 USD. The minimum purchase amount is 0.1 ETH. XPetroleum's initial contributors receive a 35% bonus during the Pre-Sales round. All unsold tokens will be burned at the end of the ICO. All tokens have the same value and function. To buy XPL tokens, you must send the desired amount of ETH to the Ethereum Smart Contract address that is published on the Buy Token page on our website. Never send ETH to any address other than what we publish on this website's Buy Token page. The exchange rate is updated for each investment during the Token sale (We use Etherscan.io for ETH exchange rates). XPL is an ERC20 token that functions as a currency on the XPetroleum platform.

Token details

Token name: XPL
Platform Token: Ethereum
Min. Purchases: 0.1 ETH
Total Suply: 80,000,000 XPL
Token Price: 0.15 USD
SoftCap: 500,000 USD
HardCap: 5,000,000 USD

Roadmap

Our team

Philipp Tavares

Editor and research manager.

Conclusion

With a convincing value proposition, many oil and gas companies can expect to explore, invest, in collaboration with XPetroleum to build a blockchain-based platform intended to decentralize industry. XPetroleum will radically reduce operating costs for many refineries by eradicating intermediaries, and further guaranteeing the security of financial transactions between parties in the agreement.