The Permian Token (XPR) idea is initiated to democratize direct oil & gas investments and Tokenize proven oil reserves.
Launch of XPR Dashboard and XPR Wallet on: https://www.permian.io/dashboard/register
Deployment of XPR smart contract as ERC 20 token.
Partnered with Gulf Energy Corporation Ltd. and Appointed Blockchain Developer Lead to start the PermianChain prototype and MVP.
Launch of Stage 1 of the Initial Token Offering to sell 1 billion XPR tokens for Blockchain development and Oil Campaign investments
Close Stage 1 and launch Stage 2 of the Initial Token Offering. Completion of PermianChain platform prototype, MVP and start the development of the Exit Facility feature on the platform.
Finalize due diligence on already identified proven oil reserves.
Listing of XPR on Crypto-Exchanges.
Deploy capital towards approved acquisition targets and start to tokenize 25,000,000 Barrels of Oil Equivalent (BOE) on 51,000 acres.
opening submission for additional oil exploration & production companies to list and tokenize proven oil reserves and issue additional XPR tokens on the PermianChain platform.
Integrate real-time video tracking of oil well drilling on the PermianChain platform allowing XPR community to track investment activity and development progress.
Secure partnership with gas stations globally to accept XPR as a form of payment. Create ‘PermianCard’ for the XPR community to use as payment at gas stations globally.