The Permian Token is here to revolutionize the Oil exploration and production industry. Leveraging the power of blockchain technology to monetize proven undeveloped oil reserves starting with the 67.5 million barrels in the Permian Basin. By developing the Permian Chain can efficiently make use of Proven oil reserves without extracting it, by utilizing the economic-value of oil reserves yet to be produced with cryptographic smart-contracts. The Permian Chain will allow oil producing economies or oil suppliers to use the technology to tackle deficits and cover any shortfalls in growth.
Democratizing the oil & gas direct investment sector in a crypto-economy
The Permian Token (XPR) is a Tokenized Asset Offering (TAO) which establishes an open, secure, transparent direct oil & gas investment ecosystem powered by blockchain technology.The Permian Token is here to revolutionize the Oil exploration and production industry. Leveraging the power of blockchain technology to monetize proven undeveloped oil reserves starting with the 67.5 million barrels in the Permian Basin. By developing the PermianChain.
Tokenized digital assets
PermianChain will use the XPR as a tokenized digital asset backed by Proven Reserves that are yet to be produced (e.g. 200 XPR token * $0.10 = 1 barrel of oil at Proved Undeveloped (PUD) price of $20). A smart contract option agreement would be created for each barrel in reserve creating a base price per coin, which in turn creates a minimum fixed price per barrel. This allows buyers to quickly and easily buy & exchange crude oil value. With direct fulfillment from suppliers, broker dependence is reduced and allow buyers to purchase supply much cheaper than traditional methods.
Features for Permian
Securing your share from the 1.6 trillion barrels of proven oil reserves globally
With over 1.6 trillion barrels of proven oil reserves globally, the Permian token offering allows you to own your share of the world’s proven oil reserves via blockchain with a redeemable digital token that is backed by proven oil reserves
Utilizing the economic-value of oil supply via blockchain to monetize proven oil reserves
Developing the PermianChain; a blockchain-as-a-service solution for oil companies to monetize proven reserves yet to be produced. Generating early revenues for suppliers, providing higher discounts to buyers and increasing token value for our community.
PermianChain is a blockchain technology that links the entire energy trading supply chain (more specifically oil trading) via a trust protocol (the blockchain) under a closed-loop-B2B-exchange. The PermianChain is the B2B-closed-loop-exchange for oil suppliers and oil buyers & traders.
Mohamed El-Masri FOUNDER & CEO
Nazim Baghirov HEAD OF BUSINESS DEVELOPMENT
Paresh Masani BLOCKCHAIN DEVELOPMENT LEAD
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