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Permian ICO (Initial Coin Offering)

What is Permian Token / Coin?

Permian Token (XPR) aims to capitalize on the world’s fossil fuels by turning oil exploration and production campaigns into investable digital-assets. Permian Holding is now launching its private placement to accredited investors for the issuance of the Permian Token; a Shari’a Compliant digital asset which represents equity in proven oil reserves that are held by Permian Holding and registered on the PERMIAN platform; a blockchain based platform that will focus on listing digital assets that represent investments in oil reserves.It is expected that XPR will become a critical instrument for the preservation of wealth and an ever-expanding range of liquidity for upstream investment activities using blockchain technology. ‘X’ as a standard ISO 4217 code for non-country currencies and the letters ‘PR’ which stand for Proven Reserves, hence the Permian Token (XPR).

Price: 0.1000 USD
4.0
Average Rating
Gagandeep Singh
Start: 2019-02-07
End: 2019-03-29
Ends In:
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Milestones

1
Q1 2020 – Q2 2020

Secure partnership with petrol stations globally to accept Permian Token as a form of payment.

Create ‘PermianCard’ for the XPR community to use as payment at gas stations globally.

2
Q3 2019

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

3
Q2 2019

Open submission for upstream exploration & production companies to list their proven oil reserves fir the future issuance of Security Tokens on the PermianChain platform.

4
Q1 2019

Deploy capital towards approved oil campaigns with over 2,000,000 Barrels of Oil Equivalent (BOE) in proven reserves.

5
January 2019

Finalizing all disclosure documents for investment process and filing with regulators for Private Placement Offering and Security Token Offering (STO).

Produced dedicated hard vaults for storing Permian Tokens (XPR) for secure transaction process.

Signed Memorandum of Understanding (MoU) with Schedule 1 licensed bank in Canada for digital custody integration on the PermianChain Platform.

Received Shari’a Certification to recognize the PermianChain and Permian Token (XPR) as compliant with Shari’a law and ethical investment practice.

6
December 2018

Commence due diligence on already identified proven oil campaigns.

Finalized developer training with IBM Hyperledger Fabric team for MVP development.

7
October – December 2018

Completion of PermianChain platform prototype, commencing of MVP development stages and appointing global legal specialists for review and finalizing of all disclosure documents and regulatory requirements.

8
September 2018

Completed Permian.io website with new branding, new message and a newfound mission to digitize the world’s proven natural reserves.

Started the Technical White-Paper, Technical Architecture and technical development roadmap for the PermianChain platform.

9
August 2018

Partnered with Gulf Energy Corporation Limited to establish quality deal-flow and operational know-how in oil & gas exploration & production campaigns.

Appointed Blockchain Developer Lead to start the PermianChain prototype and MVP stages.

10
June – July 2018

Deployment of Permian Token (XPR) smart contract as ERC20 token on the Ethereum network.

11
May 2018

Developed the Permian Token (XPR) Dashboard and e-Wallet

TokenXPR
PlatformEthereum
TypeERC20
Price0.1000 USD
Tokens For Sale1,000,000,000
BonusNo
BountyNo
WhitelistNo
KYCYes
Restriction AreaUSA
Min. Investment:100,000 USD
Accepting:BTC, ETH, Fiat
Soft Cap1,500,000 USD
Hard Cap32,000,000 USD
Average Rating: 4.0

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