An Overview of OilCoin’s Basic Tenants and Core Features

We believe OilCoin’s digitization of commodity value is a meaningful evolution from existing cryptocurrencies. It is not merely a speculative investment, utility token, or alternative means to invest in oil. At its core, OilCoin has been designed to answer the future need for a non-governmental, sound, stable and globally accessible digital reserve currency.

As OilCoin readies to launch, we felt it would be helpful to provide an overview of its basic tenants and core features.

1. Following our ICO, we will seek to register the sale of the OilCoin token with the U.S. SEC. OilCoin will be subject to regulation by the U.S. government and will make detailed information publicly available.

2. OilCoin’s link to physical assets provides each token with intrinsic value and a rational basis for valuation and price stability.

3. OilCoin’s monetary policy will help ensure that its price will approximate a barrel of oil while enabling an expanding coin base. Although the price of oil is itself subject to volatility, it is important to note that oil’s short and long-term price movements are well within the range of the cross-currency volatility of the USD, GBP, Euro, Renminbi, Ruble, Yen and other “stable” G20 currencies.

4. OilCoin’s digitized commodity value has been designed to allow the population of the emerging markets to readily access a stable currency and reliable store of value divorced from the risks of their local fiat currencies and the inherent volatility of other crypto tokens.

5. OilCoin’s asset base will enable it to take advantage of existing and widely adopted consumer and institutional global payment systems, thereby facilitating its use in commerce.

6. As has been widely noted, OilCoin may serve as an important trading vehicle for global participants in the oil and cryptocurrency markets and a superior, regulatory compliant alternative to untrusted sovereign entities such as Venezuela exploring similar commodity-backed coin issuance.

7. OilCoin’s unique entity structure provides meaningful tax simplification for U.S. investors compared to other oil investment vehicles.

The OilCoin project is supported by leading global regulators, technologists, academics, financiers, lawyers, accountants and tax, energy and business development professionals.

We look forward to continued engagement and, consistent with our mission, will take every opportunity to furnish accurate and detailed information about the many elements of the OilCoin project. We encourage you to join our newsletter, join our telegram community, follow our official Twitter account, and read the OilCoin White Paper in order to develop a more thorough understanding of our unique positioning and development plan.