Xpertrium which will improve the process of oil production and supply through the introduction of the Blockchain technology

Xpetroleum Since the invention of the internal combustion engine, oil and derivatives, such as oil and gasoline, have become one of the most valuable commodities on our planet. Without these resources, the existence of modern transport as a means of transportation would be impossible. In addition, oil is also used for a number of other processes, such as power generation, heat supply, and more. At the moment, to meet all the needs of mankind annually produces about 34,000,000,000 barrels of oil a total of 1,700,000,000,000 dollars.

It is important to note that oil is a non-renewable resource that needs protection. For this purpose, a project called  is created, which will improve the process of oil production and supply through the introduction of the Blockchain technology.

It is important that we know why oil is key to the global we are today. To answer this specific question, we will have to go through our daily activities a bit. Cooking breakfast is sometimes true that we need electricity or perhaps a gas installation. Now, to achieve this, we need gas-oil to get our stove to work. For some of us who use cars to use, we will see what we cannot do without buying an Xpetroleum car and some heavy buses use diesel fuel, from which they cannot be cured, as well. From the above several points, we have found that there is a need for oil for us to have greater daily activity without faustration. 

Objective of the project

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

 confirmation of the authenticity of the product; 

 Tracking the place of origin; 

 transparency of operations; 

 lower cost; 

 High security; 

 low transaction processing time; 

 liquidation of intermediaries between the supplier and the consumer.

Xpetroleum principle of operation The operation of the Xpetroleum platform will be provided by Blockchain technology, which allows you to store and share data between participants on an equal basis. Due to the fact that this technology uses decentralization, the Xpertrium platform will be able to completely eliminate the need for third-party services.

All actions within the platform will be carried out on the basis of smart contracts concluded between two or more parties. These agreements may include many functions that are performed in response to certain actions of the parties to the agreement. Such a solution will ensure the safety of operations and increase their transparency.

If necessary, each of the participants will be able to track the place of oil production, the time of its delivery, as well as a number of other parameters included in the process of trading this valuable resource. 

The main currency of the platform will be XPL tokens, which can be stored on purses that support the ERC20 cryptocurrency standard. Buy these coins will be possible only during government sales.

Dates and Details of the ICO

The project's developers intend to issue 80,000,000 XPL coins, of which only 62 percent will be sold in government sales. The cost of the 1st token will be $ 0.15. However, the date of public sale will be announced by the creators of the platform in April of this year after the release of the technical document 2.0. Grenadier project-500 000 dollars, hardcap-5 000 000 dollars.

Why does Xpetroleum decide to use Blockchain.

The use of blockchain technology is one of the most friendly developments ever. This helps with the practice of peer2peer trade. Therefore, it tends to be used to conduct business training, because it offers direct administration with 100% quality and unshakable insurance for individual data. Therefore, xpetroleum utilizes the use of this friendly arrangement to change aspects of waste in oil-based associations.

Token Details

• Total Symbol - Type of XPL Token
• Supply of ERC20 - 80,000,000 Tokens
• XPL Token Price - $ 0.15
• Soft-Cap - $ 500,000

Token distribution

1. 62% is allocated for Sales Tokens
2. 15% allocated to teams and founders
3. 8% allocated for marketing
4. 9% allocated to Bounty
5. 6% is allocated to Airdrop

Fund Distribution

1. 40% is allocated for research and development
2. 20% allocated for administration & operations
3. 20% is allocated for marketing
4. 10% allocated for partnerships
5. 6% is allocated to employ employees
6. 4% is allocated for law and compliance

TOKEN SALE

XPL token supply maximum is 80 million tokens with Token exchange rates are as follows: 1 the XPL = $0.15 USD. The minimum purchase amount is 0.1 ETH. Presale xpetroleum contributors will receive a bonus of 35% of actual investment. And if there is a remainder of the token is not sold in the sale later then the rest of the token in the fuel supply to reduce the number of tokens that are on the market.

Conclusion 

Xpetroleum Considering the scale of the oil industry and the lack of safe and reliable tools for conducting operations in this area, the Xperiod project can become very popular. This will reduce the cost of many refineries by eliminating intermediaries, as well as ensure the safety of financial transactions between the parties to the agreements.

Thus, investing in XPL tokens can be one of the best solutions for investors.

DETAILED INFORMATION: 

• Website: https://www.xpetroleum.com
• Technical documentation: https://xpetroleum.com/docs/WhitePaperXPetroleum_en.pdf
• Ann: https://bitcointalk.org/index.php?topic=5096885
• TeleGram: https : //t.me/XPet oil
• Middle: https://medium.com/@xpetroleum
• Twitter: https://twitter.com/XPetroleum_xpl
• Reddit: https://reddit.com/u/xpetroleum

Author doblok

• Bitcointalk Profile : https://bitcointalk.org/index.php?action=profile;u=1035549
• ETH : 0x70CF32a1E701B66E3b42a94F4B743b2Ce6Ead81b