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Permian ICO (Initial Coin Offering)

What is Permian Token / Coin?

PermianChain tokenizes Oil to support Permian Token (XPR) related assets and operations. PermianChain will be used by upstream companies to fund their oil campaigns and by midstream companies to secure proven reserves via blockchain.XPR enables digital transfer of underlying assets value in the form of the digitized value of oil. Thus, allowing the utilization of XPR’s substantial physical & proven reserves as a means to facilitate commercial and consumer transactions around the world. As a reserve-based digital currency, XPR will become a critical instrument for the preservation of wealth and an ever-expanding range of commercial and consumer activities using blockchain for the digitized store of value. We now have a chance to break out from the traditional way we have done things in the oilfield and redesign the model for the future.This is a direct equity offering and may only be provided to Professional Clients and accredited investors under the regulations of appropriate jurisdictions.

Price: 0.1000 USD
4.1
Average Rating
Han-Gwon Lung
Start: 2018-12-17
End: 2019-01-14
Ends In:
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Milestones

1
April 2018

The Permian Token (XPR) idea is initiated to democratize direct oil & gas investments and Tokenize proven oil reserves.

2
May 2018

Launch of XPR Dashboard and XPR Wallet on: https://www.permian.io/dashboard/register

3
June – July 2018

Deployment of XPR smart contract as ERC 20 token.

4
August 2018

Partnered with Gulf Energy Corporation Ltd. and Appointed Blockchain Developer Lead to start the PermianChain prototype and MVP.

5
September 2018

Launch of Stage 1 of the Initial Token Offering to sell 1 billion XPR tokens for Blockchain development and Oil Campaign investments

6
October – December 2018

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.

7
December 2018

Finalize due diligence on already identified proven oil reserves.

8
January 2019

Listing of XPR on Crypto-Exchanges.

9
Q1 2019

Deploy capital towards approved acquisition targets and start to tokenize 25,000,000 Barrels of Oil Equivalent (BOE) on 51,000 acres.

10
Q2 2019

opening submission for additional oil exploration & production companies to list and tokenize proven oil reserves and issue additional XPR tokens on the PermianChain platform.

11
Q3 2019

Integrate real-time video tracking of oil well drilling on the PermianChain platform allowing XPR community to track investment activity and development progress.

12
Q1 2020

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.

TokenXPR
PlatformEthereum
TypeERC20
Price0.1000 USD
Tokens For Sale1,000,000,000
BonusNo
BountyNo
WhitelistNo
KYCYes
Restriction AreaUSA, China, Singapore
Accepting:BTC, ETH, Fiat
Soft Cap25000000 USD
Hard Cap100,000,000 USD
Average Rating: 4.1

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